Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Quick Hits: McAfee Secures Competitor

By

Brief scrutiny of today's headlines.

PrintPRINT
Here's how to avoid the credit crunch: Pay cash.

McAfee (MFE), a provider of computer security products and services, agreed to buy Secure Computing (SCUR) for $5.75 per share in cash, or about $413 million. The deal also calls for Secure Computing's preferred shares to be redeemed for cash, adding about $84 million to the deal.

The deal is expected to close in the fourth quarter.

McAfee says the acquisition will improve its position in security risk management, a key sector as companies conduct more business online.

Dave DeWalt, CEO and president of McAfee, said:

"We expect the pending combination of McAfee and Secure Computing will create an annual projected combined revenue of just under $500 million in the network security segment of our Security Risk Management portfolio... and will allow us to immediately establish a leading and highly competitive position in the network security space."

McAfee develops security products to protect computers, networks and mobile devices. Other products include data loss prevention, mobile security, host intrusion, prevention, e-mail security and encryption. In addition, McAfee offers consulting and training services.

McAfee continues to take a bite out of Microsoft's (MSFT) efforts to expand beyond desktop computers. Other competitors include Symantec (SYMC) and Trend Micro, a Japanese company.


Actionable ideas, instant analysis. Real-time from bell to bell.

Minyanville's Buzz & Banter- 14 day Free Trial
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE