Network Associates' Profit Tumbles

Sequentially, revenue remained essentially flat at $216.6 million, compared with $215.2 million for the first quarter, though it was much lower than the $233 million reported in the year-ago quarter. The security vendor says it expects revenue of $220 million to $225 million for the third quarter and $255 million to $260 million for the fourth quarter.

Network Associates completed its acquisitions of intrusion-prevention companies IntruVert Networks and Entercept Security Technologies in the second quarter. "They are swallowing a lot with those acquisitions, but they're positioning themselves well for the future," says Pete Lindstrom, research director for Spire Security. "They want to own the intrusion-prevention market, and there's lots of growth potential in that area."

This story courtesy of InformationWeek.