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Investors mis-interpret McAfee/MS .NET deal | |
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| Time: 09:45 EST/14:45 GMT | News Source: The Register | Posted By: Robert Stein | ||
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A mass delusion about the significance of a press release swept through Wall Street Tuesday, driving shares of anti-virus outfit McAfee up more than fifty-four percent on news that the company would integrate Microsoft .NET technologies into its ASP (Application Service Provider) services. A story by Reuters, carried by Yahoo News, carelessly absorbed this misunderstanding, and serves to illustrate it nicely. "McAfee said it signed a deal with Microsoft to integrate McAfee software -- including antivirus, privacy, and firewall products -- with Microsoft's .Net Internet servers," the mysterious Reuters wire-drone says superstitiously. | ||
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