Network Associates up for sale, sources say

Tuesday, 22 June 2004, 2:39 PM EST

Network Associates is for sale, and Microsoft is rumored to be the buyer.

The maker of McAfee antivirus and security products has not made it public, but a "for sale" sign figuratively hangs from Network Associates' front door, according to Wall Street sources and channel partners.

A public announcement concerning either the pending or closed sale of the company to a buyer could come as early as July 1 when Network Associates also plans to announce layoffs associated with the company's for-sale status, these sources said.

By Dan Neel at CRN.

[ Read more ]




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