Symantec Battles Skepticism of Investors
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Symantec and Veritas Software are trying to persuade investors that their proposed $13.5 billion deal, the largest in the software industry, makes sense.
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Investors are keeping an eye on sequential numbers.
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The Motley Fool - Sybase (NYSE: SY - News) last week shelled out $425 million in cash for Mobile 365, a company backed by venture capital. It's certainly a big deal -- in comparison with Sybase's $2 billion market cap -- and investors nudged the stock down 4% on the news. Yet, to be a player in the fast-moving mobile world, high-priced deals are unavoidable, and in this case, Sybase made a savvy choice.
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Investor's Business Daily - At first, nothing seemed amiss at last month's LinuxWorld trade show in San Francisco.
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It can be one hectic job running a technology company. Busy, busy, busy. How could you come to any other conclusion after reading the official story from Sycamore Networks Inc. about its $216 million stock option backdating problem? No one at the top had any idea it was going on. For years!
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Investors should not underestimate this latest space race.
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Symantec Corp.'s reported interest in acquiring Veritas Software Corp. for more than &#36;13 billion would represent the computer security giant's biggest step yet beyond its core businesses of defending against viruses and thwarting hackers. Investors weren't impressed, though, and Symantec's shares plunged 16 percent.
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Within hours of the announcement that antivirus maker Symantec (SYMC:Nasdaq - news - research) and software storage vendor Veritas (VRTS:Nasdaq - news - research) would merge, skeptical investors shaved about a billion dollars off the value of the all
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Time to rename it 'Symaunteuc?' Symantec should be thankful for a healthy year's worth of publicized data pratfalls an ocean away. International sales rose 21 per cent in its third fiscal quarter, bolstering a strong quarter for the security software firm and a cheery outlook for Q4.â¦
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The stock is revived, but the business remains iffy.
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Progress Software produces results in a tough market, but investors really don't care.
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Hefty valuations = a bet on the future.  That future is clearly open source + SaaS, based on the multiples people are willing to pay.
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Updated from 12:51 pm ESTWithin hours of the announcement that antivirus maker Symantec (SYMC:Nasdaq) and software storage vendor Veritas (VRTS:Nasdaq) would merge, skeptical investors shaved about a billion dollars off the value of the all-stock deal.
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Investors have spoken. Here's what they had to say.
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It's no surprise that Symantec and Adobe are wary of Microsoft bundling its own security software and electronic document format in Windows Vista, but the companies had yet to lodge official complaints about the operating system until now.
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When solution providers look back on Symantec&#39;s acquisition of Veritas Software, they will likely remember it as the moment security and storage officially became joined at the hip.
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Symantec Corp, the global leader in info security, today announced record revenue growth for the fiscal second quarter. The September quarter marked another period of record performance for Symantec.