Symantec takeover of Veritas delivers more questions than answers
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Symantec&#39;s acquisition of Veritas has the potential to benefit customers and shareholders of both companies, but details of the deal leave some important questions unanswered, according to executives and industry experts.
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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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Symantec moved a step closer to joining the ranks of the leading broad-based corporate software sellers yesterday as it announced a $12.5bn all-stock agreement to buy storage and data back-up company Veritas.
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Anti-virus protection is so last century Symantec's integration with Veritas in the UK has run into computer problems, leaving many Symantec customers unable to renew their corporate anti-virus licenses and large numbers of computers unprotected.â¦
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Computer security giant Symantec said Thursday it will buy storage program maker Veritas Software for US$13.5 billion in one of the world&#39;s largest software company mergers.
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Corporate antivirus no longer a tragedy? Vision 2007 Symantec is cracking open the lid today on a gumbo of acquired security technologies which will replace its current business security software, Symantec AntiVirus.â¦
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Precise set free for a fee Five years and thousands of broken dreams ago, Veritas ate application performance management software maker Precise for $609m. And now Symantec is offloading the pricey baggage.â¦
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Veritas Software Corp. VRTS.O  shares jumped 9 percent on Tuesday on a report that security  software company Symantec Corp. SYMC.O would acquire it for  $13 billion.
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SAN FRANCISCO Symantec, the computer security giant, reached final agreement Thursday to take over the storage and backup program maker Veritas Software, making Symantec the No.4 independent software company in the world.
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Panic button included Symantec had been winding this pitch for a while now, but the data security giant just lobbed a web-hosted storage and backup service of its very own into play.â¦
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A tremendous amount of confusion has arisen in recent days over whether security firm Symantec actually discovered a new vulnerability in Microsoft Word three days ago, or simply uncovered a new exploit of an existing problem that Microsoft already acknowledged. In what appears to be an effort at backtracking, Symantec today appears to be saying both simultaneously.
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Symantec has released a patch for its Veritas NetBackup software, saying it had discovered a buffer overflow vulnerability in the application. The flaw exists in the web programming language PHP used within NetBackup.
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Computer security giant Symantec Corp. is buying storage and backup program specialist Veritas Software Corp. to create the world's fourth-largest software maker, marking the latest merger in an industry trend that's expected to compress the competition to a few juggernauts.
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Computer security giant Symantec has agreed to buy storage and backup program maker Veritas Software to create the world's fourth largest software company. The all-stock acquisition was initially valued at &#36;13.5 billion, but the price quickly plummeted after investors weighed in on the merger.
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Symantec Corp., the top global security software maker, on Thursday said it will buy data management software company Veritas Software Corp.
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In a long-rumored move, security software maker Symantec said Thursday that it will buy storage specialist Veritas Software in a deal worth roughly $13.5 billion.
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Symantec Corp. will buy Veritas Software Corp. in an all-stock transaction, the companies announced Thursday. Based on Wednesday&#39;s closing stock prices, the deal values Veritas at around US$13.5 billion, they said.