Virus plague fails to stem losses at Network Associates
PrintSecurity firms not immune from IT spending slowdown
Posted in Business, 20th July 2001 10:00 GMT
Free whitepaper – Dell PowerEdge servers 2009 - Memory
Security software firm Network Associates has recorded a second quarter loss of $37 million as its sales slid by 16 per cent.
The recent run of computer viruses hasn't helped Network Associates, which is best known for its McAfee anti-virus software, escape the general downturn in IT spending. Sales for the quarter fell from $233.7 million to $195.9 million, a drop that can probably explained by a knock on effect a slowdown in PC sales has had on security software.
Network Associates has lost money over its last three quarters but chief executive George Samenuk predicted that better times lay ahead and forecast its losses for the year would be less than those previously forecast. ®
Related Stories
PC market slowdown hits Symantec
Network Associates settles shareholder lawsuit
Users haven't learned any lessons from the Love Bug
NAI belatedly joins OpenPGP Alliance
Enabling The Agile Data Center
Automating the Acquisition Process with Enterprise Level CRM
Checklist: Midmarket ERP Solutions
Analyst Keynote: The Register Agile Data Center Summit
Hosted CRM Can Be Your Secret Weapon to Success!
Dirty, dirty PCs: The X-rated picture guide
Top 500 supers - rise of the Linux quad-cores
Early adopters bloodied by Ubuntu's Karmic Koala
Sign up, sign up for The Register IT security newsletter