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Name | Symbol | Market | Type |
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Amundi MSCI EMU ESG Leaders Select UCITS ETF DR | EU:MFE | Euronext | Exchange Traded Fund |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 64.40 | 64.27 | 64.44 | 0 | 07:30:34 |
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
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