Shares rose sharply today, Monday 26th April, for McAfee Inc. following rumours that the PC manufacturer Hewlett-Packard showed interest in buying the security software company outright.
Buying McAfee will greatly toughen the company’s authority and expand their competitive edge.
There is now a feeling that they will now have the edge on rivals such as Cisco Systems Inc if the sale of McAfee goes through.
By midday today, McAfee’s shares had risen by 3% to approaching $42 a share.
At present, McAfee and HP declined any comment.