Based on the news I've seen, basically after 2 years of failing to integrate all the
security companies that NAI acquired (most of the good people have left, and they knew
they failed when they started to spin out many of the NAI companies into seperate
companies, like PGP and McAfee.com), and apparently the CEO, CFO, etc were all cooking
the books and stuffing the channel, time caught up with them, and they were fired.
NAI warned they missed their revenue projections by $200M for fourth quarter. There
are going to be plenty of shareholder lawsuits against NAI for quite some time. This
is going to be very expensive if you consider all the lawyer fees, etc. If you search
for news about NETA, you'll see quite a few law suits.
A new CEO was brought in with a background in surplus auctioning, so my guess is NAI
as a company is being sold to whomever wants to try to fix a broken company.
NAI is probably not the best company to buy security from with as much instability it
is going to have for some time. With it's stock below $10 a share, most good people
have left, and not many good people will be attracted in joining it for sometime, if
it ever does get back on its feet. Currently, the Wall street market is really harsh
on failing companies - look at all the dot-coms that are being put out of business.
On Thu, 11 January 2001, James Paterson wrote:
>
> As far as I can tell, several top level executives were fired late December, I
> only saw this in a related article talking about Symantec @
> http://www.planetit.com/techcenters/docs/security/news/PIT20001229S0011 and have
> been unable to find any other details, either on NAI's website, or anywhere
> else, save for an article @
> http://www.nai.com/naicommon/aboutnai/press/pr_template.asp?PR=/PressMedia/01032
> 001.asp&Sel=891 announcing a new CEO.
>
>
- Kathy
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