McAfee CEO: Company Increased Market Share In '08 In All Qtrs
13 Febbraio 2009 - 12:13AM
Dow Jones News
McAfee Inc. (MFE) increased its market share in the corporate
and consumer antivirus and security markets in all four quarters of
2008, Chief Executive Dave DeWalt said Thursday.
During an upbeat conference call following release of the
company's fourth-quarter results, DeWalt and Chief Financial
Officer Rocky Pimentel said new relationships with consumer
computer manufacturers as well as popular corporate antivirus
products had helped them reach much larger numbers of customers
throughout 2008.
As a result, the company had seen no evidence of the deal
cancellations or discounting that some information-technology
companies had seen due to the recession. The company closed 28
corporate deals valued at $1 million or more in the fourth quarter,
CFO Pimentel said.
Nevertheless, McAfee, which is based in Santa Clara, California,
is instituting a series of cost-saving measures, including a hiring
freeze, salary freezes and reductions on travel expenses and some
compensation plans.
It expects these measures to save roughly $50 million in 2009,
Pimentel said.
Secure Computing, a network security software company McAfee
acquired in September 2008, is being integrated, the executives
said. They expect it to be either neutral, or slightly accretive to
earnings, by the end of 2009.
-By Jessica Hodgson, Dow Jones Newswires; 415-439-6455;
jessica.hodgson@dowjones.com