Network Associates Shares Up on Acquisition Rumors.
Network Associates Inc is the latest company to be the subject of
acquisition speculation. Shares in the security and management software
house, formed in 1997 from the merger of McAfee Associates Inc and
Network General Co, rose 8% on Tuesday on the rumors. Investors were
speculating that Computer Associates International Inc, Cisco Systems Inc, Microsoft Corp or Novell Inc might be interested in buying the
company, which itself has carried out some 25 product and company
acquisitions over the past few years. Yesterday saw another 8.65% rise
in the shares, which closed at $21.19. The company is due to report its
second quarter results next Wednesday, July 21.