Monday, 26 April 2010

Shares rise for McAfee on HP takeover buzz

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.

1 comment:

  1. com'n McaAfee i knew u r going to do that,,,, poor mcafee!!!