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Network Associates Up For Sale, Sources Say |
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AplusWebMaster writes "...M$ is rumored to be the buyer...
Jun. 21, 2004, By Dan Neel
Network Associates is for sale, and Microsoft is rumored to be the buyer. The maker of McAfee antivirus and security products has not made it public, but a for sale sign figuratively hangs from Network Associates' front door, according to Wall Street sources and channel partners. A public announcement concerning either the pending or closed sale of the company to a buyer could come as early as July 1 when Network Associates also plans to announce layoffs associated with the company's for-sale status, these sources said.
Network Associates executives declined to comment and would neither confirm nor deny that the Santa Clara, Calif.-based company is for sale or planning layoffs. Network Associates' reseller partners across the United States said more than a few of the company's field representatives have recently begun circulating resumes...
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