Symantec shares fall 16% on reports that it's looking to buy Veritas
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Symantec Corp.'s reported interest in acquiring Veritas Software Corp. for more than $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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NEW YORK Veritas Software, the largest independent US storage software provider, will buy the e-mail backup company KVault Software for $225 million in cash, Veritas said Tuesday.
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Cupertino, Kalifornien (USA)/Mountain View, Kalifornien (USA) (ots) - Symantec Corp. (Nasdaq: SYMC) und VERITAS Software Corp. (Nasdaq: VRTS) haben heute angekÃ¼ndigt, dass die Unternehmen einem definitiven
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Computer security giant Symantec Corp. is buying storage and backup program maker Veritas Software Corp. in a &#36;13.5 billion deal that will create the world's fourth largest software company.
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DECEMBER 16, 2004 (IDG NEWS SERVICE) - Security company Symantec Corp.&#39;s acquisition of Veritas Software Corp. could benefit customers and shareholders of both companies, but details of the $13.5 billion deal
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Shares of Merck &amp; Co. plunged almost 10 percent yesterday after a media report said that documents show the pharmaceutical giant hid or denied
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According to a report in the New York Times this morning, Symantec Corp. (Nasdaq: SYMC - message board) is on the verge of completing negotiations to purchase Veritas.
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NEW YORK/SAN FRANCISCO  - Symantec Corp. SYMC.O,  a maker of security software, on Thursday said it would buy  storage software maker Veritas Software Corp. VRTS.O for  $13.5 billion, creating the world's fourth-largest software  company.
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Two years after its&#160;acquisition of enterprise software vendor Veritas, Symantec&#39;s consumer division remains the company&#39;s fastest-growing product line.Consumer business grew by about 10 percent year-over-year and represents about 30 percent of Symantec&#39;s overall business, the company said Wednesday, as it announced financial results for its second quarter of fiscal 2008, ended Sept. 28.Excluding an $87 million write-down of assets, revenue was $1.44 billion for the quarter, up 13 percent from the year-ago period. Quarterly earnings were $0.29 per share. Analysts had been expecting earnings of $0.26 per share on $1.39 billion in revenue, according to estimates compiled by Thomson Financial.Symantec&#39;s consumer business got a boost from the introduction of the much-anticipated Norton 360 software, released in late February.The company&#39;s Windows-based backup products, which include Backup Exec, also posted strong results the company said in a statement .On the enterprise side, the company&#39;s security and data management products, including the Veritas software, grew by 7 percent. These products now account for 30 percent of the company&#39;s revenue.Symantec&#39;s much smaller services business -- totaling 6 percent of revenue -- grew by 30 percent.
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Standard &amp; Poor&#39;s Ratings Services said on Thursday it may boost the ratings of Veritas Software Corp. after the firm announced a merger with Symantec Corp.
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The New York Times reports Symantec is seeking to buy storage software maker Veritas.
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Symantec Corp., the world&#39;s largest maker of anti-virus programs for computers, agreed to buy Veritas Software Corp. for $13.5 billion in stock, the biggest software purchase in six years.
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The Symantec Corp, a leader in security software and one of Silicon Valley&#39;s oldest companies, announced early Thursday that it would acquire Veritas Software, a maker of data storage programs, to create the world&#39;s fourth-largest software company.
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SAN JOSE, Calif. - Symantec Corp.&#39;s reported interest in acquiring Veritas Software Corp. for more than $13 billion would represent the computer security giant&#39;s biggest step yet beyond its core businesses
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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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While thousands of Veritas software users may be experiencing slow license renewals due to Symantec's new online licensing portal, the security software company's CIO said the wait is worth it compared with using pirated software.
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Norton Antivirus software maker Symantec merges with Veritas Software in a $13bn deal.