Feeds

NAI faces SEC probe

Bid to take over McAfee.com suspended

  • alert
  • submit to reddit

High performance access to file storage

Network Associates has issued a statement confirming the Securities and Exchange Commission is investigating its accounting practices.

The probe will focus on NAI's results from 2000, which predates its current management. Network Associates stated that it believes that its accounting was proper but it will fully co-operate with the SEC.

Because of the inquiry, NAI postponed its bid to acquire shares in its McAfee.com security manged services subsidiary that it doesn’t already own.

Yesterday that offer suffered a setback when the board of McAfee.com described it as "financially inadequate" and encouraged its shareholders to reject NAI’s overtures. ®

Related stories

All of McAfee, why don't you take...
NY sues NAI so you can say McAfee sucks
McAfee.com launches in the UK

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.