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Network Associates to change name

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On April 22, 2004, 10:59 PM

Security specialist Network Associates is changing its name and selling one of its product lines in a move to boost profitability.

The Santa Clara, Calif.-based company announced Thursday it is changing its name to McAfee, the name of its most prominent product line and the name of a company Network Associates acquired. In addition, it will sell its Sniffer line of manageability tools to Silver Lake Partners and Texas Pacific Group for $275 million in cash.

Read more: [URL=http://news.com.com/2100-7350_3-5198113.html?tag=st.lh]CNet News[/URL].

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