Analysts see McAfee as take over target for HP

Posted on April 27, 2010 - 10:24 CEST by Thomas De Maesschalck

Friedman Billings Ramsey & Co analysts speculate HP may acquire anti-virus company McAfee to strengthen its presence in security and develop a competitive edge:

Trading of bullish McAfee Inc. options jumped to the highest in almost a decade after Friedman Billings Ramsey & Co. said the second-biggest maker of security software may be acquired by Hewlett-Packard Co. The shares gained the most in more than two months.

“The addition of McAfee would significantly strengthen the company’s presence in security and develop a competitive edge” on rival Cisco Systems Inc., analysts David Hilal and Daniel Ives said of Hewlett-Packard in a report today. “We expect M&A activity to accelerate” in the software industry in 2010 and 2011.

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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Analysts see McAfee as take over target for HP

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