Mcafee 2005
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Mcafee Case Study
McAfee Case Study
I. Current Situation
A. Current Performance
McAfee is in good financial standing.
* In 2004, paid down $347 million in convertible debt and repurchased $220 million in common stock.
* Revenue has declined over past two years but net income has increased.
* Ongoing operations generated over $350 million in cash, with the fiscal year ending in $1 billion in cash, cash equivalents, and investments.
* Deferred revenue increased for the period by $220 million.
B. Strategic Posture
1. Mission:
a. “To secure consumers and businesses from the desktop to the core of the network by delivering best-of-breed products and services that protect … global customer’s information technology systems and infrastructure.”
2. Objectives: More of a goal “become worldwide leader in intrusion prevention and risk management solutions and services.”
II. Corporate Governance
C. Board of Directors
3. George Samenuk (internal)
b. Received formal education at Brown University, Political Science.
c. Held various senior management positions at IBM.
d. Former CEO and President of TradeOut Inc, a privately held online exchange.
4. Leslie G. Denend (internal)
e. Holds multiple Ph.D.s from Stanford University, Economics, Public Policy, and Business.
f. Joined McAfee after merger with Network General Corp., whom she was CEO and President.
5. Robert Pangia (external)
g. Received formal education from Brown University and Columbia University, Business.
h. Held numerous senior management positions with Paine Weber Inc. which is a wealth management service provider.
i. 1997 to 2003 worked as a private merchant banker.
6. Robert B. Bucknam (external)
j. Received formal education at Georgetown University with a Juris Doctoral in Foreign Service....
McAfee Case Study
I. Current Situation
A. Current Performance
McAfee is in good financial standing.
* In 2004, paid down $347 million in convertible debt and repurchased $220 million in common stock.
* Revenue has declined over past two years but net income has increased.
* Ongoing operations generated over $350 million in cash, with the fiscal year ending in $1 billion in cash, cash equivalents, and investments.
* Deferred revenue increased for the period by $220 million.
B. Strategic Posture
1. Mission:
a. “To secure consumers and businesses from the desktop to the core of the network by delivering best-of-breed products and services that protect … global customer’s information technology systems and infrastructure.”
2. Objectives: More of a goal “become worldwide leader in intrusion prevention and risk management solutions and services.”
II. Corporate Governance
C. Board of Directors
3. George Samenuk (internal)
b. Received formal education at Brown University, Political Science.
c. Held various senior management positions at IBM.
d. Former CEO and President of TradeOut Inc, a privately held online exchange.
4. Leslie G. Denend (internal)
e. Holds multiple Ph.D.s from Stanford University, Economics, Public Policy, and Business.
f. Joined McAfee after merger with Network General Corp., whom she was CEO and President.
5. Robert Pangia (external)
g. Received formal education from Brown University and Columbia University, Business.
h. Held numerous senior management positions with Paine Weber Inc. which is a wealth management service provider.
i. 1997 to 2003 worked as a private merchant banker.
6. Robert B. Bucknam (external)
j. Received formal education at Georgetown University with a Juris Doctoral in Foreign Service....