Truth About Computer Security Hysteria
Stock price, schmock price
Wednesday, 27 December 2000
NETWORK ASSOCIATES LOST two-thirds of their market valuation in overnight trading. The company once predicted fourth-quarter profits as high as 32 cents per share, but now they'll likely suffer a $1 loss per share. Network Associates' board of directors fired long-time CEO Bill Larson and named a bankruptcy expert to, uh, 'succeed' him. The board also accepted resignations from president Peter Watkins and CFO Prabhat Goyal.
Here's Tom with the weather...
Folks, let me remind you — Vmyths.com doesn't cover the news on Wall Street. We focus on computer virus hoaxes, computer virus myths, and computer virus hysteria. Vmyths.com also tries to improve your knowledge of lesser-known and/or controversial issues in the virus research field.
Your antivirus software doesn't care who holds the title of CEO. It'll still detect viruses even if the stock price drops below, uh... wow! (That low, eh?) Enough said.
[Credit where due: I stole the 'weather' punchline from the late comedian Bill Hicks.]
Network Associates' stock took a nosedive. Now here's Tom with the weather...