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Update: Network Associates Up For Sale, Sources Say

Network Associates is for sale, and Microsoft is rumored to be the buyer.

The maker of McAfee antivirus and security products has not made it public, but a "for sale" sign figuratively hangs from Network Associates' front door, according to Wall Street sources and channel partners.

A public announcement concerning either the pending or closed sale of the company to a buyer could come as early as July 1 when Network Associates also plans to announce layoffs associated with the company's for-sale status, these sources said.

After initially declining to comment, Network Associates spokesperson Jennifer Keavney said Tuesday the company was "not considering offers from Microsoft or any other company at this time." She did say however that the company would "need to legally consider offers that benefit its owners, the shareholders of Network Associates."

Also, Keavney did not dismiss the likelihood of layoffs, saying that "Network Associates has made a commitment to investors to achieve a 25 percent operating margin by the middle of 2005."

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