AV Pioneer McAfee Covering Tracks in Murder Drama

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Antivirus trailblazer John McAfee is on the run from authorities in Belize who are seeking him in connection with the murder of a neighbor. Although McAfee has been away from the tech world for a long time and no longer has anything to do with the company he founded, there are concerns that the emerging lurid details of his life and possible crime could taint the company that still bears his name.

John McAfee, founder of the eponymous antivirus software company, is wanted in Belize in connection with the murder of American Gregory Faull, according to news accounts. The San Pedro police department is said to be actively searching for McAfee, who has gone missing.

This episode is focusing a very public spotlight on the downward, highly destructive spiral McAfee reportedly has been on for years — a cycle that is said to include drugs, guns, prostitution and a lot of violence. His early days as a tech luminary — he was one of the first people to design antivirus software and to create a virus scanner — are clearly long gone, never to reemerge.

The McAfee Brand

It is fair to wonder how these events — now making international headlines — will impact the McAfee corporate brand.

On one hand, it is hard to imagine how they could have any impact. Though he founded the company, John McAfee has long been divorced from it, noted Scott Testa, director of development forChina Project Hope and a former marketing professor at Cabrini College.

“In an odd way, it could wind up even having some positives for the product line,” Testa told the E-Commerce Times. “After all, what do they say? ‘ There’s no such thing as bad publicity.'”

The events could wind up evoking feelings of familiarity with the McAfee brand among consumers, even after this drama recedes into the background, he suggested.

“I really don’t think there will be negative ramifications from a brand perspective,” Testa said, although “you can bet that Intel will do whatever it has to to disassociate itself from what is happening.”

A name change could be in the company’s future.

http://www.technewsworld.com/story/76613.html

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Quoted – Tech Titans Create $250M Kitty for Social Startups

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Entrepreneurs eager to bring innovation to social networking application development now have a new potential resource to tap: a special fund set up by KPCB and a handful of tech giants, including Facebook. “KPCB is a top drawer firm. When they put money into something, it means they see a real future in it,” said Cabrini College marketing professor Scott Testa.

The new fund is a step up from these activities, though, and it potentially could mean a real boost for social media if other venture capitalists should follow suit, Scott Testa, a marketing professor at Cabrini College, told the E-Commerce Times. “KPCB is a top drawer firm. When they put money into something, it means they see a real future in it.”

The fund, along with its participating investors, also points to a firming up of valuations in this space, added Testa.

http://www.ecommercetimes.com/story/Tech-Titans-Create-250M-Kitty-for-Social-Startups-71090.html

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Quoted – Hulu Revving Up for Bold IPO Move

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Hulu is about to make a big move — talk of an IPO within the next couple of months appears to be well founded. The timing is right, says BU professor N. Venkatraman, as the economy is expected to pick up in 2011, and the tech sector with it. “Media will be one of those sectors that will be redefined by tech, and Hulu wants to be seen as the leader of the pack.”

Hulu is expected to file a prospectus with the Securities and Exchange Commission for its initial public offering by the end of the year. It believes it can raise US$200-$300 million, according to an unnamed source in a Reuters report.

The final decision to move forward is expected to be made in November, the source said. If it does happen, the IPO is likely to be in April or May.

The deal would value Hulu at $2 billion.

Two billion dollars is likely a fair valuation for Hulu, according to Scott Testa, a marketing professor at Cabrini College.

“I think the partners want to take some money off the table with the IPO,” he told the E-Commerce Times. “Also, I think this may be a good time for the partners to go public from a balance sheet perspective. This way they will be able to get a tangible valuation for the company.”

Besides giving the investors an exit for their initial capital, the bulk of the proceeds will certainly be sunk into the company’s business model, continued Testa. “Data center investment is what I would guess — or buying data center space in disparate locations on worldwide basis.”

Google needs significant redundancy to keep YouTube operational, he noted. “When you are talking about video, you are talking about huge, big pipes — and fiber is expensive. It is not like running a website.”

http://www.ecommercetimes.com/story/Hulu-Revving-Up-for-Bold-IPO-Move-71008.html?wlc=1287007214

 

 

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