( NETA) is offering to acquire all of the outstanding publicly held shares of
( MCAF). Network Associates owns about 75% of McAfee.com. Network Associates is offering 0.675 shares for each share of McAfee, which would value McAfee at $18.64 a share.
Earnings Reports & Outlooks
, a provider of wireless and Internet software and application services, increased its guidance for the first quarter. The company now expects revenue of $31 million with a loss of 2 cents to 3 cents a share. The company previously expected revenue of $28 million and a loss of 3 cents to 4 cents. Analysts expect InfoSpace to lose 3 cents.
Mergers, Acquisitions & Joint Ventures
agreed to acquire
ordnance business, which produces medium-caliber gun systems for ground, sea and air platforms. Terms of the cash transaction weren't disclosed. The company expects to complete the acquisition in the first half of 2002. The ordnance business has sales of about $40 million a year. As a result of the acquisition, Alliant expects earnings for fiscal 2003 to come in at the high end of its guidance of $4.17 to $4.21 a share.
will pay $30 million for 33% stake in Chinese online trading community
. eBay doesn't expect the deal to have a material effect on its 2002 financial results. Separately, U.S. Bancorp Piper Jaffray increased its first-quarter earnings estimate on eBay to 17 cents a share from 16 cents. The firm, which maintained a market perform rating on the stock, doesn't expect eBay to beat the consensus estimate of 16 cents by more than a penny.
( MNS) agreed to acquire
( MDII) for $18.85 a share. The deal is valued at about $120 million.
filed with the Securities and Exchange Commission to sell up to $150 million of various securities. According to the filing, the company may sell common stock, preferred stock, debt securities or warrants.
The Securities and Exchange Commission ordered a temporary halt in trading of
based on the agency's concerns about the accuracy of publicly available information about the company. The suspension will last until 11:59 p.m. EST on April 1. The car-shipping company is under an SEC investigation and is facing numerous shareholder lawsuits.