Symantec Corp. (SYMC)

[chmcnfunds]

Big Data And Data Center Growth Should Expand Symantec’s Information Management Revenues
February 24th, 2014 by Trefis Team

Symantec (NASDAQ:SYMC) is a global security software developer, providing security solutions for consumers and businesses. The company derives majority of its revenues from the sale of storage management software with a revenue share of 36%, followed by consumer security software sales amounting for 30% of revenues. The company has a market capitalization of $14.2 billion and posted overall revenues of $6.8 billion in the 12 months ended December 2013 – 58 basis points lower than revenues from a similar period in 2012.

In addition to a shrinking top line, Symantec’s gross profit margins witnessed a deterioration in CY13, declining from 84.2% in CY11 to 82.7%, impacted by weakening PC sales globally. At the end of fiscal 2013 (ended March 2013), Symantec announced a realignment to its product offerings and shift from being a device-centric company. Intending to move from protecting endpoints and data centers, it wanted to achieve a broader focus of protecting and managing digital information. The Symantec 4.0 strategy includes simplifying the company’s existing organizational structure, developing innovative products and services, and changing its Go-To-Market strategy.

In this note, we take a closer look at Symantec’s information management division. We have a $28 Trefis Price Estimate for Symantec, which is at a premium of approximately 36% to its current market price of $21.

See our complete analysis of Symantec (click link for chart)

Information Protection And Management Key To Symantec’s Growth

Globally, PC shipments have been declining at a double-digit pace as consumer buying shifts towards smartphones and tablets due to their flexibility in addressing customers’ increasingly variable demands. Gartner reports that PC shipments in 2013 fell 12.3% to 299 million shipments compared to 341 million in 2012. [1] Going forward, the technology researcher expects shipments to drop 7% in 2014. [1] Declining PC shipments should continue to pressurize revenues from Symantec’s consumer security software division, with lower standalone installations on a year-on-year basis.

We believe Symantec should be able to offset this inherent weakness in consumer product sales by expanding offerings in its biggest division, storage management software. Software-as-a-Service deployments across business verticals, ranging from SaaS-based digital marketing tools for small businesses to enterprise-level ERP solutions, contributed to a sharp increase in data centers. Furthermore, exponential increases in machine-generated data globally, along with rapid growth in Big Data and analytics, is expanding storage requirements across the IT industry. An increase in data centers housing highly concentrated amounts of sensitive data, and increased proliferation of business into personal devices, has resulted in an increase in cyber attacks in recent times.

New product launches across the Information Management domain should remain critical to Symantec’s future. The company plans to announce various new offerings across the Business Continuity, Information Fabric, Storage Defined Software and Object Storage Platforms in the next 6-24 months. Business Continuity ensures a comprehensive strategy to maintain and protect mission-critical information for customers across various technologies and infrastructure platforms, combined with reduced downtime, and is of paramount importance to data centers. Additionally, Symantec’s Information Fabric platform, a highly automated system for enterprise metadata, helps analyze, govern and protect data in the cloud. [2] Recently, Hitachi Systems extended its partnership to resell Symantec NetBackup and Enterprise Vault Information archiving software, because of its proven reliability with customers. [3] We expect to see an increase in enterprise adoption of end-to-end solutions compared to endpoint solutions, which should benefit Symantec’s top line.

See More at Trefis | View Interactive S&P Capital IQ Analyses (Powered by Trefis)

Notes:
Gartner Says Worldwide PC Shipments Declined 6.9 Percent in Fourth Quarter of 2013, Gartner, January 2014 [?] [?]
Symantec EMEA Industry Analyst Conference: shifting the tack of dealing with security issues, Forrester, December 2013 [?]
Hitachi Data Systems expands partnership with Symantec to deliver pinnacle of data management, data protection to customers worldwide, ITWeb Channel, February 2014 [?]
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http://www.trefis.com/stock/symc/articles/228173/marybig-data-and-data-center-growth-should-expand-symantecs-information-management-revenues/2014-02-24?from=artPopin

SYMC

[chmcnfunds]

Symantec Corporation (SYMC) Ex-Dividend Date Scheduled for February 20, 2014

By NASDAQ.com News, February 19, 2014, 09:00:01 AM EDT


Symantec Corporation ( SYMC ) will begin trading ex-dividend on February 20, 2014. A cash dividend payment of $0.15 per share is scheduled to be paid on March 19, 2014. Shareholders who purchased SYMC stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 4th quarter that SYMC has paid the same dividend.

This prediction model is worth noting because it nearly triples the market's average yearly gain.

The previous trading day's last sale of SYMC was $20.69, representing a -23.65% decrease from the 52 week high of $27.10 and a 1.87% increase over the 52 week low of $20.31.

SYMC is a part of the Technology sector, which includes companies such as Microsoft Corporation ( MSFT ) and Oracle Corporation ( ORCL ). SYMC's current earnings per share, an indicator of a company's profitability, is $1.22. Zacks Investment Research reports SYMC's forecasted earnings growth in 2014 as 7.91%, compared to an industry average of 2.3%.

For more information on the declaration, record and payment dates, visit the SYMC Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.

Read more: http://www.nasdaq.com/article/symantec-corporation-symc-exdividend-date-scheduled-for-february-20-2014-cm327728#ixzz2tnqCYj3Q
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SYMC

[chmcnfunds]

SYMC

[chmcnfunds]

Symantec 56% Upside Tops NASDAQ Late January Dogs

Feb. 13, 2014 9:11 AM ET | 1 comment

Results from Yahoo Finance tallied for NASDAQ 100 Index members as of market closing prices February 5, 2014 were compared to analyst mean target price projections one year out. The resulting chart of that data shown below turned up ten stocks exhibiting 8% to 56% price upsides. Symantec, (SYMC) the Mountain View, CA security software and services provider showed the 56.43% that led the NASDAQ 100 Index. Perhaps the heightened interest in security issues surrounding the Sochi Olympics competition triggered the analyst enthusiasm.

Actionable Conclusion (1): 10 NASDAQ Dogs See 8.2% to 56.43% Upsides In Late January

The chart above used one year mean target price set by brokerage analysts multiplied by the number of shares in a $1k investment to compare NASDAQ 100 Index stocks showing the highest upside price potential into 2015 out of 20 selected by yield. The number of analysts providing price estimates was noted after the name of each stock. Three to nine analysts were considered optimal for a valid mean target price estimate.

(article continues)
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http://seekingalpha.com/article/2017861-symantec-56-percent-upside-tops-nasdaq-late-january-dogs?source=google_news

56% implies holding for one year and tops the upside noted in the prior post, "Consensus Price Target: $27.00 (20.64% upside)".

SYMC

[chmcnfunds]

Consensus Ratings for Symantec Corp. (NASDAQ:SYMC)
Ratings Breakdown: 2 Sell Rating(s), 7 Hold Rating(s), 14 Buy Rating(s)
Consensus Rating: Buy (Score: 2.52)
Consensus Price Target: $27.00 (20.64% upside)
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http://www.analystratings.net/stocks/NASDAQ/SYMC/

SYMC

[chmcnfunds]

Symantec Beats Q3 Guidance On Strong Realignment Progress But Top Line Risks Remain

Jan. 30, 2014 4:23 PM ET | 1 comment | About: SYMC

Symantec (NASDAQ:SYMC) surprised the market by posting Q3 results that beat industry estimates on both the top line and the bottom line. In addition, the company raised its fiscal 2014 outlook, citing better-than-expected progress on its business realignment.

Q3FY14 Recap

Revenues for the quarter stood at $1.70 billion, beating its Q3 guidance of $1.63-$1.67 billion, and ahead of our estimate of $1.68 billion for the quarter. Lower sales and marketing expenses due to the sales team restructuring resulted in GAAP operating margin of 23.8% for the quarter, against Symantec’s guidance of 17%-17.6%. The lower sales and marketing expenses also lifted the company’s bottom line to 40 cents/share compared to its Q3 guidance of 26-28 cents/share.

For fiscal 2014, Symantec expects revenues between $6.66 billion and $6.70 billion. Furthermore, GAAP operating margin for FY14 is expected to be 17.6%-17.9%, while net income on a per share basis is expected to be $1.25-$1.27, higher than our FY14 estimate of $1.22.

We have a revised price estimate of $28 for Symantec, against its current market price of $24.

Margins Expand On Lower Sales & Marketing Expense

Operating margins for Symantec’s User Productivity and Information Security divisions expanded by 6% and 12% respectively during Q3FY14, compared to a year ago period. This expansion in margin was facilitated by lower sales and marketing expenses resulting from the restructuring of its sales force. During Q2FY14, Symantec bifurcated its sales team into two groups for its licensing and renewal businesses, to better position its sales team and consolidate marketing spend worldwide. The decrease in sales and marketing spend is visible in the figures for the nine months in FY14. As a percentage of revenues, sales and marketing expenses decreased from 40% in fiscal 2013 to 37% so far in fiscal 2014.

Going forward, we expect a further reduction in sales and marketing expenses for the company due to a realignment in its sales force. Symantec also looks to expand its e-commerce business, which typically has higher margins, which should elevate overall operating margins. Additionally, the company is revamping its product portfolio with new product delivery capabilities such as cloud infrastructure platforms, hardware supply chain, information fabric and a global security information network.

Cloud infrastructure platforms should have higher margins in comparison to an on-premise offering within the Information Security division. The Information Fabric offering on the other hand involves protecting, managing and deriving value from data stored across private, public and hybrid cloud deployments for businesses. A unified security product such as the Information Fabric is generally deployed in data centers that host cloud environments to map and securely manage information flow and should have a higher price point with higher margins, which should push overall margins for the company.

Top Line Risks Remain With Weak Deferred Revenue Guidance

The company-wide restructuring of its sales force was very disruptive to the company, resulting in a 31% drop in license revenues last quarter. This disruption in its sales team continued to impact license revenues in Q3FY14, which were 27% lower than the same revenues from Q3FY13. In addition, deferred revenues for the company have declined from $4 billion in March 2013 to $3.6 billion in December 2013. Although this decline in deferred revenues is due to the completion of orders in its pipeline, Symantec’s management guides that a build-up in deferred revenue balance would take several quarters for the company.



We believe the reason for limited revenue growth from deferred revenue conversion going forward is related to unbilled deferred revenues in the company’s pipeline. Unbilled deferred revenues are off-balance sheet items which include deals and partnerships that have been contracted, but have not been invoiced yet. We believe the sales team restructuring caused a severe disruption in customer relationships, leading to a reduction in deal and partnership inflow. The company suggested as much on the call. We expect Symantec’s revenues to increase at an annualized rate of 3.4% between CY2013 and CY2017, reaching approximately $7.8 billion. However, a deeper reduction in deferred revenues could reduce our price estimate for Symantec.

Disclosure: No positions.
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http://seekingalpha.com/article/1982121-symantec-beats-q3-guidance-on-strong-realignment-progress-but-top-line-risks-remain?source=google_news

Just bought in hoping close to bottom -- will be watching carefully.

SYMC

[renoldman]

Anyone else watching this?

Decent guidance.

Looks good for a trade to me.

I think someone wanted to buy some at $22 .... and they bought the puts yesterday for protection.

Also:

http://www.nasdaq.com/symbol/symc/short-interest

Some of them will like to cover ...

I like it for a short-term trade

[time2sell]

Rumor has it that Apple is going to buy these guys out for $30 per share...:)

[ECole]

Got a $1.4 million mobile deal from a very large retailer.

Earnings transcript here
http://www.earningsimpact.com/Transcript/82552/SYMC/Q1-2014-Earnings-Call

[chmcnfunds]

Symantec Could Have A Potential Upside Of 20%

Jul 17 2013, 10:27
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)

First, let's start by saying Symantec (SYMC) was never in really bad shape. Even though revenues and operating margins were stagnating, the company was generating adequate cash flows while maintaining a reasonable share of the market. CEO Steve Bennett has been running the company for approximately one year now and announced the unveiling of his strategic plan for the company around six months ago. The plan contemplates some cost reductions and an increased focus on customers which could enhance value for investors. The cost reduction program will include reorganization of the sales team and getting rid of a considerable proportion of middle management. By selling some non-core assets and redesigning service packages, Bennett hopes to achieve mid-single digit revenue growth with an operating margin of 30% against the present 24%.

No shift in market focus

There will be no fundamental shift in market focus, which is wise, given its present dominance. Symantec is by far the market leader in consumer security, with twice the share of Intel's (INTC) McAfee and a commanding lead on other competitors like Trend Micro. However, it does not have such a dominant position in enterprise business, but it is not doing too badly either. The company has an estimated 1/3 of the enterprise backup/recovery market, with almost twice the share of EMC (EMC) and IBM (IBM) and is also competing strongly in enterprise endpoint security, though it does not have a complete range of network security products. The company is not as strong as it would like to be in storage management, but manages to compete against the likes of EMC and IBM. It is clear that the company cannot survive in the long term merely by churning out improved versions of its existing products.

What the analysts say

Symantec has been reiterated by TheStreet Ratings as a buy. According to the firm, revenue growth has been slightly above the 1.7% which is average for the industry, though the revenue growth has not been translated into growth in EPS which has in fact declined. The gross profit margin is high but the net profit margin of 10.75% is lower than the industry average. EPS has declined considerably in the most recent quarter compared to the same quarter of the previous year however; this trend is expected to reverse itself. For the past fiscal year, the company has reported an EPS of $1.07 a share compared to $1.57 a share in the previous year. The market expects an improvement to $1.89 per share in the current year.

Prospects for a turnaround

Turnarounds in technology are never easy to accomplish because of the short: product cycles and the inexperience of technology managers in coping with businesses with low rates of growth. Bennett has plenty of experience with turnarounds during his 23 years at GE (GE) and says that he has accomplished between five and ten of them during his career and knows the methodology. Many of Symantec's problems come from the acquisition spree that it indulged in the past, like its $13.5 billion acquisition of Veritas. It never bothered to make the tough decisions, especially in rationalizing the number of managers and the redundant back room staff. Consequently, Bennett established during his review that 30% to 40% of management positions needed to be eliminated.

Trimming the fat

Sales productivity, measured by the sales generated for every dollar spent on sales and marketing, shows that Symantec is way behind its large peers. For instance, it generates around $2.50 in revenue for every dollar spent compared to $5.35 for Oracle (ORCL) and $4.41 for SAP AG (SAP). Sales and marketing expenses currently account for almost 40% of revenues, and Bennett wants to reduce this to 27% by 2017 and has already achieved improvements in margins by reducing this spend by more than 2% in his first full year. If the company achieved its 27% goal, the EPS could possibly be better than $3.00 per share.

The bottom line

The analyst price target estimates are a mean of $26.48 and a median of $27.25 against the present price of about $23.83. I personally believe that even if the management initiatives show some results in the short term, there is justification for a valuation of $29.00, which means that there is a potential upside of approximately 20% in addition to the dividend yield of 2.5%.
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http://seekingalpha.com/article/1552712-symantec-could-have-a-potential-upside-of-20?source=email_rt_article_readmore

SYMC

[chmcnfunds]

Anyone notice the great chart set-up as SYMC moves from over-sold?



SYMC

[chmcnfunds]

Symantec Corp. Given Overweight Rating at Barclays Capital (SYMC)

Posted by Kristian Gore on Jul 11th, 2013 // No Comments

Symantec Corp. (NASDAQ: SYMC)‘s stock had its “overweight” rating restated by stock analysts at Barclays Capital in a report issued on Thursday, StockRatingsNetwork reports. They currently have a $27.00 price target on the stock. Barclays Capital’s price objective would indicate a potential upside of 16.88% from the company’s current price.
SYMC has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of Symantec Corp. in a research note to investors on Friday, July 5th.
Eleven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $25.42.
Symantec Corp. (NASDAQ: SYMC) traded up 1.69% on Thursday, hitting $23.49. Symantec Corp. has a 1-year low of $13.06 and a 1-year high of $25.26. The stock’s 50-day moving average is currently $22.49. The company has a market cap of $16.364 billion and a price-to-earnings ratio of 21.39.
Symantec Corp. (NASDAQ: SYMC) last announced its earnings results on Tuesday, May 7th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.06. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, analysts predict that Symantec Corp. will post $1.89 earnings per share for the current fiscal year.
Symantec Corporation is a global provider of security, storage, and systems management solutions that help businesses and consumers secure and manage their information.
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http://utahpeoplespost.com/2013/07/symantec-corp-given-overweight-rating-at-barclays-capital-symc/

SYMC

[chmcnfunds]

TheStreet Reiterates Buy Rating for Symantec Corp. (SYMC)

Posted by Nolan Pearson on Jul 5th, 2013 // No Comments

Symantec Corp. (NASDAQ: SYMC)‘s stock had its “buy” rating restated by equities researchers at TheStreet in a research report issued on Friday, AnalystRatings.Net reports.
The analysts wrote, “Symantec (SYMC) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
A number of other analysts have also recently weighed in on SYMC. Analysts at B. Riley reiterated a “buy” rating on shares of Symantec Corp. in a research note to investors on Tuesday, May 14th. They now have a $27.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Symantec Corp. in a research note to investors on Thursday, May 9th. They now have a $26.00 price target on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of Symantec Corp. from $23.00 to $25.00 in a research note to investors on Wednesday, May 8th. They now have a “neutral” rating on the stock.
Eleven research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $25.42.
Symantec Corp. (NASDAQ: SYMC) traded up 2.15% on Friday, hitting $22.84. Symantec Corp. has a 52-week low of $13.06 and a 52-week high of $25.26. The stock’s 50-day moving average is currently $22.64. The company has a market cap of $15.911 billion and a price-to-earnings ratio of 20.70.
Symantec Corp. (NASDAQ: SYMC) last released its earnings data on Tuesday, May 7th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.06. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. Analysts expect that Symantec Corp. will post $1.89 EPS for the current fiscal year.
Symantec Corporation is a global provider of security, storage, and systems management solutions that help businesses and consumers secure and manage their information.
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http://utahpeoplespost.com/2013/07/thestreet-reiterates-buy-rating-for-symantec-corp-symc/

SYMC

[chmcnfunds]

Symantec Corporation : Norton Mobile Security Delivers App Privacy Protection

Norton Mobile Security Delivers App Privacy Protection
New Norton™ Mobile Insight intelligence technology performs dynamic mobile app analysis, reveals which leak personal information

MOUNTAIN VIEW, Calif. - June 26, 2013 -

Today, Symantec (Nasdaq: SYMC) released the latest version of Norton Mobile Security, which delivers powerful, effective protection for Android smartphones and tablets, iPhones and iPads¹. The latest updates to Norton Mobile Security for Android address privacy, a growing area of consumer concern, with new intelligence technology called Norton Mobile Insight. Privacy risk scans powered by Norton Mobile Insight will reveal which mobile applications may put the user's personal information at risk. The latest updates to Norton Mobile Security also extend enhanced anti-theft capabilities to iPhone and iPad with a "scream" alarm to help users quickly find their missing mobile device.

For mobile device users, maintaining control of their personal information is a major concern. In fact, 57 percent of app users have uninstalled or declined to install an app to protect their personal information². To address this issue, in addition to scanning for security risks, Norton Mobile Security now scans apps for privacy risk-related attributes. For example, Norton Mobile Security will now flag an application and notify a user if a mobile app is found to export information such as a user's contacts, photos or call logs. Because consumers don't have knowledge of how their data may be used, collected or shared, they are not able to maintain control of their personal information. Norton Mobile Security empowers consumers to protect their personal information and make informed decisions about which apps to keep or remove.

"The issue of privacy is a complex and evolving one, for both consumers and developers," said Con Mallon, senior director, product management, Symantec Corp. "Until now, mobile app privacy scanning has been done only at the most superficial level, which doesn't yield truly relevant and actionable information to consumers. With this latest release, we are using a unique combination of static and dynamic analysis to deliver an unprecedented view into app privacy and information leakage. With this information, consumers can actually decide for themselves whether to keep each app."

Norton Mobile Insight Users of Norton Mobile Security benefit from Norton Mobile Insight, a proprietary intelligence tool that provides dynamic analysis for every app in more than 200 app stores to determine potential security risks, privacy risks and potentially intrusive behavior. Norton Mobile Insight has analyzed more than four million apps to date and determined that more than 30 percent of them leak data such as personal contacts or call logs. Currently, Norton Mobile Insight processes 10,000 new apps every 24 hours and to date has identified 300,000 apps as malicious and 1.5 million apps as being associated with greyware - such as aggressive ad networks - or potential privacy risks.

Pricing and Availability Norton Mobile Security has an MSRP of $29.99 and is available for purchase via various retailers, the Norton online store or Google Play. In addition, Norton 360 Multi-Device and Norton One will be updated with the features in the latest release of Norton Mobile Security. Norton customers with a valid product subscription are eligible to receive the latest product updates via the subscription service model. For more information, visit the Norton Update center at http://updatecenter.norton.com. Consumers can visit norton.com/nmsprivacy to learn more about Norton Mobile Security.
About Symantec Symantec protects the world's information, and is a global leader in security, backup and availability solutions. Our innovative products and services protect people and information in any environment - from the smallest mobile device, to the enterprise data center, to cloud-based systems. Our world-renowned expertise in protecting data, identities and interactions gives our customers confidence in a connected world. More information is available at www.symantec.com or by connecting with Symantec at: go.symantec.com/socialmedia.

Note to Editors: If you would like additional information on Symantec Corporation and its products, please visit the Symantec News Room at www.symantec.com/news. All prices noted are in U.S. dollars and are valid only in the United States.
Symantec and the Symantec Logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners.

Forward-looking Statements: Any forward-looking indication of plans for products is preliminary and all future release dates are tentative and are subject to change. Any future release of the product or planned modifications to product capability, functionality, or feature are subject to ongoing evaluation by Symantec, and may or may not be implemented and should not be considered firm commitments by Symantec and should not be relied upon in making purchasing decisions.

¹ Certain features available only for Android devices. Operating system requirements are Android 2.2 or later, and iOS 5.0 or later.
² "Privacy and Data Management on Mobile Devices" by Jan Lauren Boyles, Aaron Smith, Mary Madden, Pew Research Center's Internet & American Life Project, Sept. 5, 2012.
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http://www.4-traders.com/SYMANTEC-CORPORATION-4907/news/Symantec-Corporation-Norton-Mobile-Security-Delivers-App-Privacy-Protection-17051760/

SYMC

[chmcnfunds]

Symantec Corp. Rating Reiterated by TheStreet (SYMC)

June 24th, 2013 - 0 comments - Filed Under - by Hanz Christensen

Symantec Corp. (NASDAQ: SYMC)‘s stock had its “buy” rating reiterated by analysts at TheStreet in a research report issued to clients and investors on Monday, Analyst Ratings.Net reports.

The analysts wrote, “Symantec (SYMC) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, reasonable valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”

A number of other analysts have also recently weighed in on SYMC. Analysts at B. Riley reiterated a “buy” rating on shares of Symantec Corp. in a research note to investors on Tuesday, May 14th. They now have a $27.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Symantec Corp. in a research note to investors on Thursday, May 9th. They now have a $26.00 price target on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of Symantec Corp. from $23.00 to $25.00 in a research note to investors on Wednesday, May 8th. They now have a “neutral” rating on the stock.

Twelve research analysts have rated the stock with a hold rating and fifteen have issued a buyrating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $25.42.

Symantec Corp. (NASDAQ: SYMC) traded down 0.40% on Monday, hitting $22.14. Symantec Corp. has a 52-week low of $13.06 and a 52-week high of $25.26. The stock’s 50-day moving average is currently $23.49. The company has a market cap of $15.423 billion and a price-to-earnings ratio of 20.58.

Symantec Corp. (NASDAQ: SYMC) last released its earnings data on Tuesday, May 7th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.06. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 4.0% on a year-over-year basis. Analysts expect that Symantec Corp. will post $1.89 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 27th. Shareholders of record on Wednesday, June 19th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Monday, June 17th.

Symantec Corporation is a global provider of security, storage, and systems management solutions that help businesses and consumers secure and manage their information.
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http://www.watchlistnews.com/2013/06/24/symantec-corp-rating-reiterated-by-thestreet-symc/

SYMC

[chmcnfunds]

Norton Public Betas Now Available
Designed for Windows® 8.1 Compatibility; Engineered to Set New Benchmarks for Protection and Performance

MOUNTAIN VIEW, CA--(Marketwired - Jun 21, 2013) -

Today Symantec (NASDAQ: SYMC) released the public betas of the latest versions of the award-winning Norton 360, Norton Internet Security and Norton AntiVirus products. Available for free download from the Norton beta website, this pre-release software is designed for compatibility with the upcoming release of Windows 8.1, and to improve on the industry's best protection1 and performance2.
With the latest betas, Norton continues to deliver best-of-breed technologies to keep consumers protected from today's complex and evolving online threats. The betas are engineered for outstanding protection, performance and the best possible user experience. Key improvements include:
Stronger Protection -- Improved effectiveness of reputation-based (Norton Insight) and behavioral-based (SONAR) protection engines keep consumers safe from evolving threats
Improved Performance -- Lower memory usage and improved file copy speeds make performance even faster and lighter
Enhanced Norton Identity Safe Experience -- Increased stability, improved form-filling and an easy-to-access vault search in order to find favorite saved sites deliver a seamless user experience. Also includes better cross-platform functionality for users with mobile devices

Beta Availability
The Norton 360, Norton Internet Security and Norton AntiVirus betas are available for free download now at the Norton Beta Center. Beta testers are encouraged to share feedback and discuss their product experiences in our online Norton Public Beta Forum.

About Symantec
Symantec protects the world's information, and is a global leader in security, backup and availability solutions. Our innovative products and services protect people and information in any environment -- from the smallest mobile device, to the enterprise data center, to cloud-based systems. Our world-renowned expertise in protecting data, identities and interactions gives our customers confidence in a connected world. More information is available at www.symantec.com or by connecting with Symantec at: go.symantec.com/socialmedia.

NOTE TO EDITORS: If you would like additional information on Symantec Corporation and its products, please visit the Symantec News Room at http://www.symantec.com/news. All prices noted are in U.S. dollars and are valid only in the United States.

Symantec, the Symantec Logo, the Checkmark Logo, and Norton are trademarks or registered trademarks of Symantec Corporation or its affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners.

Forward Looking Statements: Any forward-looking indication of plans for products is preliminary and all future release dates are tentative and are subject to change. Any future release of the product or planned modifications to product capability, functionality or feature are subject to ongoing evaluation by Symantec, and may or may not be implemented and should not be considered firm commitments by Symantec and should not be relied upon in making purchasing decisions.

1 "Real World Protection and Remediation Testing Report," AV-Test, August 2012
2 "2013 Consumer Security Products Performance Benchmarks," PassMark, August 2012
___________________________________________________________
http://www.marketwire.com/press-release/norton-public-betas-now-available-nasdaq-symc-1804448.htm

SYMC

[chmcnfunds]

An other take on medical devices cyber-security:

Quote:
______________________________________________________

Protect Medical Devices From Cyber Attacks, FDA Urges

Article Date: 14 Jun 2013 - 10:00 PDT

The FDA is urging medical device makers and health care facilities to make sure there are proper safeguards in place to protect their medical devices from cyber threats.

The FDA (Food and Drug Administration) said on Thursday that its warning is directed specifically at biomedical engineers, health care IT and procurements staff, medical device user facilities, hospitals and medical device manufacturers.

A cyber attack may be caused when *malware is introduced into medical equipment, as well as unauthorized people gaining access to configuration settings in hospital networks and equipment.

*Malware is software that is created to disable or damage computers and computer systems, i.e. malicious software.

Most medical devices today contain embedded computer systems that are configurable, meaning they can be altered or tweaked, making them vulnerable to cyber-security breaches.

The threat has become more serious over the last fifteen years as a growing number of medical devices are interconnected through hospital networks, the Internet, smartphones and other medical devices. Every new type of connection increases their vulnerability to malicious attacks.

The FDA says that it has become aware of the following cyber-security vulnerabilities and incidents regarding hospital network operations and medical devices:
Medical devices that are configured and/or connected to a network being disabled by malware

Malware penetrating hospital smartphones, tablets, other mobile devices that use Wi-Fi technology to access patient information, implanted patient devices, and hospital computers

Lack of proper security regarding passwords, disabled passwords, and hard-coded passwords for software intended for selected personnel such as maintenance, technical or administrative staff

Not regularly updating medical device and network software

Not addressing vulnerabilities in legacy devices (older medical devices)

Security weaknesses in off-the-shelf software which is supposed to prevent unauthorized network or device access, such as hard-coded passwords, plain-text or no authentication, poor coding/SQL infection, and documented service accounts in service manuals
So far, the FDA has received no reports of specific systems or devices in clinical use being deliberately targeted, neither is it aware of any patient injuries or deaths caused by these incidents.

According to the FDA, American health and other authorities, medical device and software companies have been liaising closely to minimize the risk of cyber attacks.
What actions does the FDA recommend?

A high percentage of medical devices contain configurable embedded computer systems that are potential targets for cyber threats.

Recommendations for device manufacturers

It is the responsibility of medical device manufacturers to be on the lookout for potential risks and hazards related to their products, including cyber-security risks. They are also responsible for making sure appropriate mitigations are in place to guarantee patient safety and to make sure the device performs properly.
___________________________________________________________
http://www.medicalnewstoday.com/articles/262001.php

SYMC

[chmcnfunds]

Symantec Corporation (SYMC) Ex-Dividend Date Scheduled for June 17, 2013

By NASDAQ.com News, June 14, 2013, 09:00:05 AM EDT

Symantec Corporation ( SYMC ) will begin trading ex-dividend on June 17, 2013. A cash dividend payment of $0.15 per share is scheduled to be paid on June 27, 2013. Shareholders who purchased SYMC stock prior to the ex-dividend date are eligible for the cash dividend payment. At the current stock price of $22.49, the dividend yield is .67%.

The previous trading day's last sale of SYMC was $22.49, representing a -10.97% decrease from the 52 week high of $25.26 and a 72.27% increase over the 52 week low of $13.06.

SYMC is a part of the Technology sector, which includes companies such as Microsoft Corporation ( MSFT ) and Oracle Corporation ( ORCL ). SYMC's current earnings per share, an indicator of a company's profitability, is $1.07. Zacks Investment Research reports SYMC's forecasted earnings growth in 2014 as 8.72%, compared to an industry average of 7.2%.

For more information on the declaration, record and payment dates, visit the SYMC Dividend History page.

Read more: http://www.nasdaq.com/article/symantec-corporation-symc-exdividend-date-scheduled-for-june-17-2013-cm253157#ixzz2WCQTCt00
__________________________________________________________

SYMC

[chmcnfunds]

G-20 Urged to Treat Cyber-Attacks as Threat to Global Economy
By Gwen Ackerman

June 13, 2013

Cyber-attacks are eroding world economic growth, and the G-20 needs to set aside emotion-charged discussions to focus on the damage, a former White House official said.

“We have made cybersecurity one topic when it is many, and countries can’t see eye-to-eye on what is most important and what needs to be done first,” said Melissa Hathaway, who left President Barack Obama’s administration in 2009 and now heads a private consulting firm.

“We need to start to talk about this as gross domestic product loss, and the instability of the financial institutions we are all dependent on as a global economy,” she said.

Hathaway, who advised both Obama and President George W. Bush, estimated in a May report that the Group of Twenty economies have lost 2.5 million jobs to counterfeiting and piracy while governments and consumers lose $125 billion annually to cyber-attacks, including losses in tax revenue.

While governments aren’t going to give up espionage, steps can be taken to stop the disruption of services at financial institutions and the theft of intellectual property, she said.

“If you couch the conversation on the economy and not in espionage and warfare, we can all agree. The economy is common and safe ground,” she said in an interview in Tel Aviv.

Hathaway said that the G-20 projects that information and communications technology, along with increasing broadband communications, will lead to a minimum 4 percent increase in gross domestic product in developed economies, with developing countries seeing a boost of as much as 10 percent.

Full Losses
The numbers are misleading because countries aren’t measuring full losses from cyber-attacks, she said. In the May article, Hathaway said the U.K. has estimated losing 27 billion sterling ($42.4 billion) a year to online criminals. In the Netherlands, cybercrime costs at least 10 billion euros ($13.3 billion) annually, she said, citing TNO, a Dutch research organization.

U.K. officials have said the country is losing a minimum of 3 percent of its GDP to security issues, and the Netherlands is net-neutral, Hathaway said in the interview.

“Until this is on the agenda of the G-20, we aren’t going to make progress,” said Hathaway, who was in Tel Aviv to speak at a conference sponsored by Tel Aviv University’s Yuval Ne’eman Workshop for Science, Technology and Security. “It is the most effective in talking about economic stability and overall growth, health and wellbeing of the world.”

South Korea
In March, criminals launched a computer virus that penetrated financial institutions in South Korea. The malware code was distributed through targeted organizations’ servers, destroying their computers’ ability to boot.

In December 2012, Saudi Arabia blamed unidentified people based outside the kingdom for a cyber-attack on state-owned Saudi Arabian Oil Co. that was aimed at disrupting production from the world’s largest exporter of crude.

U.S. officials have accused the Chinese government of being behind a campaign to steal trade secrets and potentially disable computers that operate banks, power grids and telecommunication systems. China has rejected the charges.

“There are more and more cyber sabotage attacks, and we need to have our muscles ready to fight off the next attacks,” said Eugene Kaspersky, chief executive officer of Kaspersky Lab, a Moscow-based company that monitors cyber-attacks and develops defense against them. He said he advocates a military-free cyberspace.

Symantec’s Report
Symantec Corp (SYMC)., the largest maker of security software, reported in April a 42 percent surge in targeted attacks in 2012 compared to the year earlier. Ilias Chantzos, the firm’s senior director for Europe, the Middle East and Africa and the Asia-Pacific and Japan region, said European governments are growing increasingly aware of the risks.

“There has been an attempt to push the legislation forward that requires the disclosure of breaches and states to cooperate,” said Chantzos, who’s based in Brussels. “The move itself is a very clear political signal of the recognition of the need to go down this path.”

The G-20 is scheduled to meet next in September in St. Petersburg, Russia.

To contact the reporter on this story: Gwen Ackerman in Jerusalem at [e-mail]

To contact the editor responsible for this story: John Walcott at [e-mail]
______________________________________________________
http://www.businessweek.com/news/2013-06-13/g-20-urged-to-treat-cyber-attacks-as-threat-to-global-economy

SYMC

[chmcnfunds]

Symantec Cutting Up to 1,700 Jobs as Early as Today

JUNE 13, 2013 AT 8:51 AM PT

Security software company Symantec may lay off as many as 1,700 employees as early as today, sources familiar with the company’s plans tell AllThingsD.

The cuts are part of a wider company-wide reorganization first announced in January as part of a turnaround plan instituted by Steve Bennett, Symantec’s new CEO, who joined the company 11 months ago.

Bennett, a former CEO at Intuit and a veteran of General Electric, told Reuters in a January interview that the company has too many management layers and would be streamlined into 10 business units.

Ellen Hayes, a Symantech spokeswoman just sent the following statement:

“Symantec is in the midst of a company-wide transformation. As part of this effort, we are engaged in a company-wide reorganization. As a result, some positions are being eliminated. This action is a reflection of our new strategy and organizational simplification initiative announced by Symantec’s executives on Jan. 23rd, 2013. One of the goals of Symantec’s reorganizational effort is to make the company’s employee reporting structure more efficient and support the company strategy moving forward. There are several stages to the reorganization process, as we define executive and management layers down to all levels of employees. Some notifications are happening this month, as part of this the process. We are communicating with employees directly and do not have more information to share at this time.”

The company said in its 10-K annual report, filed with the U.S. Securities and Exchange Commission on May 17, that it plans to take charges related to its reorganization plans amounting to between $220 million and $250 million. Those cuts are to be completed by the end of the company’s 2014 fiscal year, which began March 30. But, as of the end of March, it had taken only $10 million worth of those charges, meaning the biggest reduction in force is yet to come.

People familiar with the company’s operations say job cuts have been under way for several months, but only a relatively small number of people have have been let go so far. One source close to the company said the next round of cuts was to be “the biggest yet.” Some employees had already been told their positions were being eliminated this week.

The cuts are to be carried out in two phases. About 1,000 positions would be eliminated this month, and some affected employees had already been notified as early as Wednesday. Another 700 positions are to be eliminated in July. The combined cuts would amount to about eight percent of Symantec’s 21,500 employees worldwide.
Earlier this year, Bennett complained that most Symantec managers had on average only five people reporting to them. As such, the job cuts are expected to hit the company’s middle-management ranks especially hard.

Symantec reported $6.9 billion in sales for the fiscal year ended in March. Its biggest line of business is its storage and server management segment, which accounted for $2.5 billion, or about 36 percent of sales. It is best known for its consumer-facing security software business, which accounted for $2.1 billion in sales. Sales for fiscal 2013 rose by less than three percent year on year and profits while net income rose four percent. Its shares have risen by more than 18 percent this year.
________________________________________________________
http://allthingsd.com/20130613/symantec-cutting-up-to-1700-jobs-as-early-as-today/

SYMC

[chmcnfunds]

FDA, facing cybersecurity threats, tightens medical-device standards

By Lena H. Sun and Brady Dennis, Updated: Thursday, June 13, 9:00

The Food and Drug Administration is tightening standards for a wide range of medical devices — from fetal monitors used in hospitals to pacemakers implanted in people — because of escalating concerns that the gadgets are vulnerable to cybersecurity breaches that could harm patients.

Increasingly, officials said, computer viruses and other malware are infecting equipment such as hospital computers used to view X-rays and CT scans as well as devices in cardiac catheterization labs.The security breaches cause the equipment to slow down or shut off entirely, complicating patient care. As more devices operate on computer systems that are connected to each other, the hospital network and the Internet, the potential for problems rises dramatically, they said.

“Over the last year, we’ve seen an uptick that has increased our concern,” said William Maisel, deputy director of science and chief scientist at the FDA’s Center for Devices and Radiological Health. “The type and breadth of incidents has increased.” He said officials used to hear about problems only once or twice a year, but “now we’re hearing about them weekly or monthly.”

The FDA, in an effort to reduce the risks, for the first time is directing device manufacturers to explicitly spell out how they will address cybersecurity. On Thursday, the agency issued draft guidelines that, when finalized later this year, will allow the agency to block approval of devices if manufacturers don’t provide adequate plans for protecting the gadgets and updating their security protections over their commercial lifetimes. The FDA is also issuing a safety communication to manufacturers and hospitals.

The Department of Homeland Security, which is working with the FDA to reduce these vulnerabilities, recently received reports from two researchers that found potential weaknesses in 300 medical devices produced by about 50 vendors, an official said. The department also is planning to release an advisory on medical devices Thursday.

Government officials and patient safety advocates say they do not know of any cases in which patients have been directly injured because of a device compromised by a computer virus. And there is no evidence any implantable devices have been corrupted by viruses or other malware. Nor is there evidence that hackers have deliberately targeted a hospital network or medical device for malicious cyberattacks.

Still, experts say, hospitals and device manufacturers need to use multiple defenses to guard against the threats posed by the Internet.

“There’s almost no medical device that doesn’t have a network jack on the back,” said John Halamka, chief information officer at Beth Israel Deaconess Medical Center in Boston. “To fight the evils of the Internet, not only do you have to have a moat, you have to have a drawbridge, burning oil to pour on attackers, and guys with arrows.”

Hospitals use thousands of medical devices, including ventilators that help patients breathe, monitors that measure a patient’s vital signs, and pumps that deliver medicine. Implantable devices include pacemakers, insulin pumps and defibrillators, many of which can be remotely monitored through a wireless network, making them susceptible to hacking.

(continues for two pages)
__________________________________________________________
http://www.washingtonpost.com/national/health-science/facing-cybersecurity-threats-fda-tightens-medical-device-standards/2013/06/12/b79cc0fe-d370-11e2-b05f-3ea3f0e7bb5a_story.html

Another reason for Symantec.

SYMC

[chmcnfunds]

President Appoints Symantec CEO Steve Bennett to National Security Telecommunications Advisory Committee

MOUNTAIN VIEW, CA--(Marketwired - Jun 12, 2013) -

Symantec Corp. (NASDAQ: SYMC) announced that President Obama has appointed Symantec President and Chief Executive Officer Steve Bennett to the National Security Telecommunications Advisory Committee (NSTAC). The appointment was made via press release distributed by the White House, found at http://www.whitehouse.gov/the-press-office/2013/06/04/president-obama-announces-more-key-administration-posts. Bennett's appointment is the standard three-year term for all members of the NSTAC.

"It is an honor to be selected to serve on the President's National Security Telecommunications Advisory Committee," said Steve Bennett, Symantec president and chief executive officer. "The Committee has a long and distinguished record of providing recommendations to the President on telecommunications and information technology critical infrastructure security and protection issues, and I look forward to contributing to that work in the future."

For more than 30 years, the NSTAC has brought together up to 30 industry chief executives from major telecommunications and network service providers, and information technology, finance, and aerospace companies. The NSTAC's goal is to develop recommendations to the President to assure vital telecommunications links through any event or crisis, and to help the U.S. Government maintain a reliable, secure, and resilient national communications posture. More information about the NSTAC can be found at http://www.ncs.gov/nstac/index.html.

About Symantec
Symantec protects the world's information, and is a global leader in security, backup and availability solutions. Our innovative products and services protect people and information in any environment -- from the smallest mobile device, to the enterprise data center, to cloud-based systems. Our world-renowned expertise in protecting data, identities and interactions gives our customers confidence in a connected world. More information is available at www.symantec.com or by connecting with Symantec at: go.symantec.com/socialmedia.

NOTE TO EDITORS: If you would like additional information on Symantec Corporation and its products, please visit the Symantec News Room at http://www.symantec.com/news. All prices noted are in U.S. dollars and are valid only in the United States.
Symantec and the Symantec Logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners.
FORWARD-LOOKING STATEMENTS: Any forward-looking indication of plans for products is preliminary and all future release dates are tentative and are subject to change. Any future release of the product or planned modifications to product capability, functionality, or feature are subject to ongoing evaluation by Symantec, and may or may not be implemented and should not be considered firm commitments by Symantec and should not be relied upon in making purchasing decisions.
Contact Information
CONTACT:
Jaime Barclay
Symantec Corp.
650/527-5092
Email Contact

Smita Rode
Weber Shandwick
415/262-5977
Email Contact
____________________________________________________________
http://www.marketwire.com/press-release/president-appoints-symantec-ceo-steve-bennett-national-security-telecommunications-advisory-nasdaq-symc-1800944.htm

SYMC

[chmcnfunds]

From Fool:

"For over 30 years, Symantec Corporation (NASDAQ:SYMC) has proven itself as a global leader in cyber security through continued innovation and a deep portfolio of services designed to protect people and information in any digital environment. As of the most recent quarter, the company reported that every fortune 500 company uses Symantec Corporation (NASDAQ:SYMC) technology for protection. Today, the company has its hands in all aspects of cyber security, including mobility, enterprise data solutions, and the emerging cloud-based industry.

Symantec Corporation (NASDAQ:SYMC)'s revenues are well diversified, both through differentiated product segments and geographic streams. As the world becomes increasingly mobile, Symantec Corporation (NASDAQ:SYMC) stands to benefit. The company offers both Norton Mobile and Enterprise Mobility to its customers. These services were designed to stay up to date with the every changing mobile environment in an effort to protect customer data at all times. In addition to mobile, the company has rapidly expanded its cloud based offerings. As a result, information giants such as IBM, Oracle, SAP, HP, and Microsoft have relied on the company for their cyber protection. Consider Symantec Corporation (NASDAQ:SYMC) as a more diversified approach to exposure to the cyber security industry as its customers include the everyday user, large organizations, and government affiliated agencies.

Wrap-Up
As cyber security becomes increasingly important and necessary in today society both Symantec and Sourcefire, Inc. (NASDAQ:FIRE) are in unique positions to benefit. Symantec Corporation (NASDAQ:SYMC) provides an impressive list of customers mobile, enterprise, and cloud security solutions to meet a variety of needs. As mobile and cloud technology expands, Symantec Corporation (NASDAQ:SYMC), with its deep product portfolio, is in a good position to capture market share in the years ahead. Sourcefire is a market leader in both network security technology and malware protection solutions.
The article Finding Strength in Security originally appeared on Fool.com and is written by Nathaniel Matherson.
Nathaniel Matherson has no position in any stocks mentioned. The Motley Fool recommends Sourcefire. Nathaniel is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited."

Read more at http://www.fool.com/news/xt/themotleyfoolblognetwork/beta.fool.com/natematherson/2013/06/05/cyber/36035/.aspx#L2CD1fCMgbgtLdCb.99
________________________________________________________

SYMC

[nycrew]

SYMC - Looking for a near-term drop towards the 22.15 area. Then down to the 21.60ish area.

We'll see what happens after that.

Glta

[EZmoneyED]

I would think so but seems this is opposite day for symc. Been watching this for a month. Will wait for tomorrow before deciding whether or not its time to buy.

[Willsmith3]

Shouldn't this be taking off?

[johnydollar]

SYMC gonna go big with share buy back.

[motormotor]

Yes, I agree. I have used Norton software since the early '80's and they do a quality product.

Definitely an acquisition target, imho, too.

mm

[tradersplaybook]

Playbook game plan for SYMC on 12/30/2011

Here's our thoughts:

[johnnyola]

agree - good value hear

[mdd]

SYMC beats markets estimates in today's earnings Call, the stock is below 19$, with analysts estimated value 22-26$ and being a possible target for acquisition at approx 26$

not a pennyland game with possible 500% gains in one single day, but a strong player with a guaranteed 20-40% profits in next couple of weeks.

[Honest_Devan]

JPMORGAN lists SYMC as top 20 stocks of the summer for bull market

[Honest_Devan]

SYMC has the greatest market, norton is huge

[Honest_Devan]

mobile market could be huge on this i also own other cyber security stocks

[Honest_Devan]

this could be a great stock

[RealReese]

Symantec down a bit so far today but isn't everything. Still a strong buy on Barcharts.

[RealReese]

Symantec up again today and now set as a buy on Barchart (if you follow that).

[RealReese]

WOW, no one following Symantec? They had a great day after what looks like some pull back. Go Sym and get after that mobile market.

[Sachin]

Holding to the gains nicely today when the rest of the market is down....

[Sachin]

Excited to see the action here after the MFE buyout by Intel

[madtony]

http://stockcharts.com/charts/gallery.html?SYMC

[Winger]

Just wondering why there is no discussions on this board.

[MrSparex]

We didn't.

[Eagle1]

Thanks greatly MrSparex!!!

Will talk soon,

Eagle1,

[MrSparex]

I can't give an educated answer to their potential. I DO know I see their product on the shelves and they have a very good reputation. The chart appears to have done a classic run followed by about a 50% retraction. I would guess once the chart turns around it has a good chance of being a good one. I have no clue on the proactive question. Thanks for your posts and your future DD will be great. This could be a hot board someday and you'll have been the first one here...makes it more fun that way!!!

[Eagle1]

Hi MrSparex,

A question for you or two for you.

Since you started the board, do you this company has much upward potential?

Here is a chart, and looking at it, do you see Symantec growing much in the future?
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=symc&sid=0&o_symb=symc&f...

I bet the early shareholders are loving it now.

Thanks,

P.S.

I'm DDing here as I have some questions about their technology... I would like to know if their technology is proactive or reacive. Also, would like to know if their techhology needs to be updated or not. At any rate, I will report what I find...here.

[MrSparex]

I can't claim much insight here BUT...I do know about a Gazillion computers have Norton pre-installed as factory software. I also know that when it runs out the user has to pay for updates and most users will do that rather than try to figure out something different. It's just simple to renew the existing virus protection and Norton is a very good program. As you stated they are a very large mega corporation. That's all I know about it.

[Eagle1]

Thanks MrSparex! Do you know what percentage their effectivity is against viruses, Trojans and malicious code?

Also, I'm looking for companies that are proactive and not reactive in fighting against viruses etc. Is this company's technology reactive or proactive?

I have found a company that is proactive and claims to be 100% effective against those...and it's a very interesting company. Would like to find other companies that are comparable to it so I can try an compare apples to apples so to speak, but have been un-successful in doing so thus far.

From what I can see, Symantec Corp has grown exponetialy and has a multi-billion dollar market cap, hence is an indicator that this industry is huge.


Thanks for starting the board here!

Eagle1,

[MrSparex]

I have used them and like them. I don't believe any antivirus program can be 100% effective. I also like Trend Micro...that's what I'm using now.

[MrSparex]

Because this board was created less than 3 hours before your post was made! It will take a few weeks for this board to be found. Symantec is a very active board on Yahoo. I plan for this to be a much cleaner board. Thanks for posting.