DoJ investigates Network Associates

Thursday, 27 March 2003, 12:40 PM EST

The California-based security software company announced the Justice Department's involvement on Wednesday and added that it plans to delay filing its annual report, known in financial terminology as a "10-K," so it can restate earning for fiscal years 1998, 1999 and 2000 to take into account information from the investigation.

"We don't know when (the Justice Department) became involved," said Jennifer Keavney, a spokeswoman for Network Associates. "We became aware of their investigation this quarter, so we are disclosing that as required. But how long they have been involved, we don't know."

An official from the Department of Justice wasn't immediately aware of the investigation and could not comment. Network Associates stock dropped from $15.38 to $15.02 (£9.75 to £9.52), a fall of 2.3 percent, by late afternoon on Wednesday.

[ Read more ]




Spotlight

Behavioral analysis and information security

Posted on 22 September 2014.  |  In this interview, Kevin Watkins, Chief Architect at Appthority, talks about the benefits of using behavioral analysis in information security and how behavioral analysis can influence the evolution of security technologies.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  

DON'T
MISS

Tue, Sep 23rd
    COPYRIGHT 1998-2014 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //