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Source: articles.moneycentral.msn.com --- 19 days ago
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 pendi㧝縕 ... Source: news.cnet.com --- 20 days ago
Since joining McAfee from EMC , CEO Dave DeWalt has taken the company on an industry shopping spree, grabbing security companies like Onigma, Reconnex, and SafeBoot. Recent economic turmoil hasn't dissuaded the company from continuing this trend. Monday morning, McAfee announced that it will acquire venerable Secure Computing in a ... ... Source: news.cnet.com --- 88 days ago
This week CNET's Robert Vamosi talks with Eva Chen, co-founder and CEO of Trend Micro. For more than 20 years Chen has been active in the antimalware community and has kept her company competitive worldwide against competition such as Symantec and McAfee Chen visited CNET to talk about Trend Micro's ambitious goal of putting anti-malware protection in the cloud . She argues that signature-based protection is still faster than running a full heuristic sandbox to detect new malicious software. Chen thinks that by having your desktop ping a signature database in the cloud you'll get a faster, lighter, and more accurate, anti-malware protection for your desktop. Also, when new malware is discovered on your desktop, a sample can be sent to the cloud, analyzed, and if necessary, a new signature created--protecting not only you but anyone else who finds it. Clearly threats and protection have both changed over the years. Recently, some security experts have been talking about doing away with antivirus protection, saying that most of the threats today are coming from Web 2.0 sources, and can be better blocked with firewalls and secure Web browsers. Of course, Chen disagrees. Listen now: Download today's podcast ...
Source: www.eweek.com --- 73 days ago
Symantec CEO John Thompson said the company has no plans to get in the encryption business. Symantec will continue its OEM relationship with data encryption vendor GuardianEdge, even as security rivals McAfee and Sophos make acquisitions to bring endpoint encryption inhouse. - Security giant Symantec has no plans to get into the encryption business, regardless of what competitors Sophos, McAfee and SafeBoot have done to acquire the technology themselves. Symantec is committed to its OEM arrangement with GuardianEdge Technologies to provide the encryption technology custo... ... Source: www.informationweek.com --- 20 days ago
CEO Dave DeWalt said the purchase will help round out McAfee's line of products that help protect business networks. ... Source: www.networkworld.com --- 64 days ago
Despite Cisco CEO John Chambers telling investors that the company is not considering a mega acquisition at the moment, the bloggers at Inorganic Growth are not buying it and is tossing a new name in the acquisition rumor mill: McAfee. Read more ... Source: seekingalpha.com --- 75 days ago
Matthew Rafat submits: McAfee's (MFE) shareholder meeting (Jluy 28, 2008) was a low key event. It appeared less than five non-employees attended. The food consisted of some cookies, what looked like a brownie, and sparking juice (berry flavor). David Dewalt, McAfee's CEO, did the non-formal part of the presentation. No video presentation was involved--just Mr. DeWalt speaking at the podium for about six or seven minutes. See here for more on Mr. DeWalt. McAfee is a security technology company that secures systems and networks. They are famous for their anti-virus software. The highlights of Mr. DeWalt's speech are as follows: McAfee has 125 million downloads/sales. McAfee has 4,500+ employees worldwide. They have 1.2 billion in cash and no debt. After these points, much of Mr. DeWalt's speech was difficult to understand because it was very general. I have been to many technology shareholder meetings, and it seemed as if this speech/presentation was designed to motivate employees and the Board rather than explain anything in detail. Mr. DeWalt talked about inter-locking security, securing the premises and new frontiers, and other terms relevant to McAfee's security focus. I did catch one point about a partnership with VMWare, Inc (VMW). Mr. DeWalt mentioned McAfee being more involved in virtual machines, not just physical machines. (For more information, you can search Wikipedia for "virtual machine.") And just like that, the presentati ...
Source: www.thealarmclock.com --- 84 days ago
San Francisco-based Delver has raised $1.75M from Carmel Ventures as an add-on to its Series A funding. Carmel’s prior commitment was $2.25M. Delver launched in January its socially connected search engine, which uses public profiles from social networks to improve the relevancy of search results. More recently it launched a public version. What you get then with Delver is search results aided by connections to friends that Deliver gets by looking at your LinkedIn, Facebook, etc. pages. One problem with this is that as people add hundreds of connections on their socnets, they often add people that they don't really know. We could see Delver becoming fairly popular among the teams of people who pack in Facebook every day. Delver is led by CEO Liad Agmon who was in product management at McAfee. Search Engine World reviews Delver - you need to skip past the Scour review. View - site... ... Source: www.thealarmclock.com --- 89 days ago
Having been victimized by PayPal many times in eBay transactions, we would like nothing better than to tout the company that would end their reign as the don of online payments. Unfortunately, Mountain View's CyberSource (CYBS:NYSE) is not going to overthrow the don in the near future. Founded back in 1994 by a McAfee executive, CyberSource was not only the original king of the throne, it was actually ruling the ecommerce payment world long before there were many subjects. CEO Bill McKiernan seemed to have CyberSource in a position to take its cut of most ecommerce transactions for years to come. That was until 1998 when PayPal invaded the online payment territory and quickly seized some market share by quickly becoming the preferred payment choice of eBay. With access to eBay's skyrocketing user base, PayPal quickly became the godfather of online consumer payments while CyberSource seemed to be a pushed-aside lieutenant focusing on the medium and large businesses that PayPal seemed not to care about. With over 60 million active accounts, it's hard to argue that PayPal is anything but the don so where does that leave CyberSource? While we believe there is certainly enough ecommerce business for both... ...
Source: www.computerbusinessreview.com --- 93 days ago
Janine Milne catches up with Dave DeWalt a year after he took the CEO role at security firm McAfee to see what changes he has made to the company and the big threats on the horizon that CIOs need to be aware of. ... Source: www.footnoted.org --- 103 days ago
When McAfee (MFE) hired David DeWalt as its new CEO in April 2007, DeWalt’s offer letter specifically stated that he would have six months to relocate to Dallas-Ft. Worth and that the company would pay for various moving expenses as well as “reasonable expenses for weekly round-trip airfare to California” where DeWalt lived. Make that lives, [...] ... Source: www.topix.com --- 98 days ago
July 1, 2008 at 9:49 am by Michelle Leder McAfee's CEO stuck in California When McAfee hired David DeWalt as its new CEO in April 2007, DeWalt's offer letter specifically stated that he would have six months to ... ... Source: informl.com --- 98 days ago
What Google practice can people in normal companies apply? CEO Eric Schmidt suggests, via Andy McAfee: They can learn to listen. Listening to each other is core to our culture, and we don’t listen to each other just because we’re all so smart. We listen because everyone has good ideas, and because it’s a great way [...] ... Source: securityincite.com --- 16 days ago
McAfee is proving itself to be the most astute buyer out there in security land. For less than $500 million, they acquired Secure Computing this morning and are now back in the network security business. Pete Lindstrom goes through the weird chronology and I'm thankful that there are other guys in this space as long as I've been - so I don't have to remember everything. Secure Computing has been struggling. You only need to look at the stock chart over the past year to see that. They were caught in no-man's land. Not big enough to do real deals (Securify is not a real deal), but too big to be nimble or easily acquired. Not at close to a billion dollar valuation (which is where they were only a few months ago) anyway. But at half a billion, a deal become just a matter of time. Alan points out that things started to turn to the negative for Secure once they bungled the CyberGuard acquisition. And before that deal was even through the alimentary canal, they totally over-leveraged themselves with the CipherTrust deal. McNulty got tossed and Dan Ryan (the new CEO) was faced with rebuilding. The stock got hammered and basically it was going to be a long steep climb back up. Then McAfee came a knocking, and getting out is probably exactly what the board and the executive team saw as the only feasible option. It seems Dan Ryan is going to stick around and "run" the network security business, and we'll see how much (and who) else decides to st ... Source: www.muyobservador.com --- 102 days ago
Hoy he gastado la mañana en la Executive Security Conference 2008, un encuentro anual organizado por McAfee en el que se debate el estado de la seguridad virtual. Como invitado de honor ha asistido el presidente de McAfee, Dave DeWalt. Dave, un americano curtido en la industria IT (se incorporó el año pasado a la [...] ... Find more results for McAfee CEO on RSSMicro.com |
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Filed under: Earnings reports For David DeWalt, the CEO of McAfee (NYSE: MFE ), it's been an extremely busy quarter. He traveled to 15 countries and met with over 500 customers. He even gave 11 executive keynote addresses (actually, I'm not sure if DeWalt sleeps). Well, the hard work is paying off, as seen with McAfee's latest quarter results . Revenues came to $396.8 million, up 26% over the past year. Earnings were $47.8 million, or $0.30 per share (see more of today's earnings news ). McAfee continues to build on its product offerings (the company is the #2 player in the security space). In fact, the company snagged 21 deals over $1 million. What's more, McAfee announced the purchase of Reconnex Inc. for $46 million. Essentially, the company develops sophisticated technology to monitor data on networks (which is done through appliance computers). Reconnex has about 1.5 million managed users. Interestingly enough, DeWalt wrote a blog post about the deal (yes, I'm not sure how he finds the time to blog too). According to him: "Reconnex, coupled with our current data protection solutions, gives us the network and endpoint presence that will allow us to leapfrog all other data protection vendors and reinforces our position as the largest dedicated security provider." So far in today's trading, McAfee's stock is up 8.43% to $35.51. Tom Taulli is the author of various books, including The Complete M&A Handbook and The Edgar Online Gu ...
Knujon News reports " Directi is now severing ties with Estdomains amid complaints that the Eastern European company makes it too easy to register sites that are used by spammers and scammers. "Just the reputation loss and the confusion because of these linkups has been more detrimental to us than the commercial gain from that one-off sale," said Directi CEO Bhavin Turakhia. "We felt it was the right move morally." [ more here ] Many of these suspended domains that I previously mentioned involved InterCage and their ties with ESTDomains ... now where "Directi" was involved I find the following when checking the Whois of some of these suspended domains ... " Directi False Whois Suspended Account" owns about 11,853 other domains " ... Wow! ... imagine that! As McAfee's blog points out many of these malware related sites are now registering with ProtectDetails as the heat is now on ESTDomains. When checking the locations I find they are both hosted at InterCage ... how convenient ... Protect Details, Inc Saint Petersburg, RU 69.50.180.157 protectdetails.com [InterCage, Inc] Assigned IP block > [ 69.50.160.0 - 69.50.191.255 ] ESTDomains Inc Wilmington, Delaware 216.255.176.238 estdomains.com [InterCage, Inc] Assigned IP block > [ 216.255.176.0 - 216.255.191.255 ] Hopefully Brian Krebs proposed article on ESTDomains will turn up the heat even more ... resulting in even more suspended domains ... ...
A Beaumont jury has awarded DeepNines Technology of Dallas $18 million in a federal patent infringement case against McAfee, one of the world's largest Internet security companies. In a trial before U.S. District Judge Ron Clark for the Eastern District of Texas, jurors unanimously found that on July 15 McAfee's IntruShield line of Internet intrusion protection products directly infringe a patent developed by DeepNines. Jurors found also that McAfee, based in Santa Clara, Calif., actively induced and contributed to its customers' infringement of DeepNines' technology. Lead counsel for DeepNines, Tom Melsheimer of Fish & Richardson, called the victory a "classic David versus Goliath case." "This was revolutionary Internet security technology developed by DeepNines' founder and CEO Sue Dark, and the jury sent a clear message that an industry giant like McAfee cannot utilize its strength and position in the industry to squelch a smaller, innovative competitor like DeepNines," Melsheimer said in a statement. The case began when DeepNines saw a press release from McAfee announcing a product very similar to DeepNines' intrusion protection system that works with a firewall, for which it had applied for a patent in 2000. McAfee applied for its patent in 2001, which was issued as U.S. Patent No. 6,513,122 on Jan. 28, 2003. DeepNines filed an interference with the U.S. Patent and Trademark Office. The USPTO ruled in March 2004 that DeepNin ...