Advertisement
YOU ARE HERE: LAT HomeCollectionsSymantec Corp
IN THE NEWS

Symantec Corp

FEATURED ARTICLES
BUSINESS
June 25, 2005
Symantec Corp.'s $10.4-billion purchase of Veritas Software Corp. won approval from shareholders of both companies.
ARTICLES BY DATE
BUSINESS
July 25, 2007 | From the Associated Press
Chinese police have busted up two criminal organizations and seized pirated software worth half a billion dollars, the culmination of two years of work with the FBI, officials from China and the U.S. said Tuesday. The gangs pirated Microsoft Corp. and Symantec Corp. software and sold it around the world, including in the U.S., said Gao Feng, an official with China's Ministry of Public Security.
Advertisement
BUSINESS
November 23, 1996 | Times Staff and Wire Reports
Cupertino, Calif.-based Symantec Corp. said authorities dropped criminal charges against its chief executive and a former vice president. . . . J.C. Penney Inc. reached a tentative agreement with the Federal Trade Commission to sell an unspecified number of stores to resolve antitrust concerns from its planned $3.3-billion acquisition of Eckerd Corp.
BUSINESS
January 30, 2007 | From Bloomberg News
Symantec Corp., the maker of computer anti-virus products, agreed Monday to buy Altiris Inc. for about $1.03 billion to gain programs that track corporate software use. Altiris products help clients track, install and maintain their software on desktops, laptops, servers and hand-held devices. Symantec Chief Executive John Thompson is expanding the company's product line after reporting slowing sales of storage software sold to large customers last quarter.
BUSINESS
October 18, 2001 | Bloomberg News
Symantec Corp., maker of Norton computer-security software, said it had a fiscal second-quarter loss as revenue rose 7%. The loss was $11.8 million, or 16 cents a share, in the period ended Sept. 28, compared with a profit of $39.1 million, or 61 cents, a year earlier. Revenue rose to $242.4 million from $226.4 million. Symantec shares fell $2.72 to close at $47.77 on Nasdaq. They have climbed 43% this year.
BUSINESS
May 20, 1998
Symantec Corp. signed a three-year agreement with IBM Corp. to sell its Norton line of anti-virus software, a deal it said will boost its earnings. The software will be the preferred product IBM recommends to customers of all types of computers and services. The news sent Cupertino-based Symantec's shares up $3 to close at $32.13 on Nasdaq. Separately, Santa Clara-based Intel Corp. said it will incorporate some IBM and Symantec anti-virus technology into its LanDesk products.
BUSINESS
June 10, 2006 | From Dow Jones/the Associated Press
Symantec Corp. said it agreed to pay $36 million to settle a claim by the Internal Revenue Service that the company owed $100 million in back taxes. The Cupertino, Calif.-based provider of software for data security and storage continues to dispute another claim that it owes $900 million in back taxes related to its acquisition of Veritas Software Inc. Symantec says it expects to complete the settlement, which relates to an audit of its 2003 and 2004 fiscal years, by the end of the month.
BUSINESS
May 5, 2005 | From Reuters
Symantec Corp., the world's largest security software maker, Wednesday posted a 3% rise in fiscal fourth-quarter profit led by demand for its Norton AntiVirus software, and gave a current-quarter outlook above Wall Street consensus estimates. The Cupertino, Calif.-based company, whose stock slipped slightly in after-hours trading, said net income rose to $120 million, or 16 cents a share, from $117 million, or 16 cents, a year earlier.
BUSINESS
March 25, 2003 | From Bloomberg News
Shares of Symantec Corp. rose in after-hours trading Monday after Standard & Poor's Corp. said the world's largest anti-virus software maker will be added to the S&P 500 index. The Cupertino, Calif.-based company's stock rose to $40.60 after falling $3.47 to $39.09 in regular New York Stock Exchange trading. Symantec will replace Household International Inc., a financial services firm that is being acquired by HSBC Holdings, in the benchmark S&P 500 after the close of trading Friday, S&P said.
BUSINESS
October 7, 2003 | From Bloomberg News
Symantec Corp. said a federal judge awarded it more than $10 million from a company that had been selling pirated copies of its software. Symantec, maker of the Norton anti-virus program, claimed that closely held CD Micro Inc. and its chief executive, Vincent Webb, were infringing Symantec copyrights and trademarks by selling unauthorized copies of the software over the Web. U.S. District Judge Garr M. King in Portland, Ore., tripled the $3.
BUSINESS
October 17, 2006 | From the Associated Press
Microsoft Corp. said Monday that it had given Symantec Corp. and McAfee Inc. some of the information they wanted to make their security products work with Microsoft's new operating system, Vista. Microsoft spokesman Tom Brookes said the software interfaces for the Windows Security Center -- Vista's new "security dashboard" -- were uploaded to a website for software developers. Both security companies had complained that Redmond, Wash.
BUSINESS
June 10, 2006 | From Dow Jones/the Associated Press
Symantec Corp. said it agreed to pay $36 million to settle a claim by the Internal Revenue Service that the company owed $100 million in back taxes. The Cupertino, Calif.-based provider of software for data security and storage continues to dispute another claim that it owes $900 million in back taxes related to its acquisition of Veritas Software Inc. Symantec says it expects to complete the settlement, which relates to an audit of its 2003 and 2004 fiscal years, by the end of the month.
BUSINESS
April 18, 2006 | From Bloomberg News
Symantec Corp., the world's largest maker of antivirus software, said the Internal Revenue Service was seeking about $1 billion in additional taxes, most of it related to the recently acquired Veritas Software Corp. The IRS is seeking $900 million in extra taxes from Veritas for 2000 and 2001, excluding penalties and interest, Symantec said in a filing Monday with the Securities and Exchange Commission. The IRS also is seeking $100 million for Symantec's 2003 and 2004 tax years.
BUSINESS
June 25, 2005
Symantec Corp.'s $10.4-billion purchase of Veritas Software Corp. won approval from shareholders of both companies.
BUSINESS
May 5, 2005 | From Reuters
Symantec Corp., the world's largest security software maker, Wednesday posted a 3% rise in fiscal fourth-quarter profit led by demand for its Norton AntiVirus software, and gave a current-quarter outlook above Wall Street consensus estimates. The Cupertino, Calif.-based company, whose stock slipped slightly in after-hours trading, said net income rose to $120 million, or 16 cents a share, from $117 million, or 16 cents, a year earlier.
BUSINESS
December 17, 2004 | Joseph Menn, Times Staff Writer
Top Internet security firm Symantec Corp. said Thursday that it would buy data storage company Veritas Software Corp. for $13.5 billion, the second-highest price ever paid for a software maker. The friendly, all-stock deal would create the world's fifth-largest software company. Another deal announced this week, the hard-fought acquisition by Oracle Corp. of PeopleSoft Inc., would establish a new No. 3 behind Microsoft Corp. and IBM Corp.
BUSINESS
May 20, 2004 | From Reuters
Symantec Corp. agreed to acquire the 89% stake in Brightmail, a maker of anti-spam technology, it does not own for about $370 million in cash, bolstering its gateway security capabilities as public demand for junk mail filters grows. The deal, if approved, would end Brightmail's plans to go public. The San Francisco-based company filed in late March to raise about $80 million in an initial public offering. Cupertino, Calif.
BUSINESS
August 23, 1997 | Reuters
McAfee Associates Inc. sued rival software company Symantec Corp., alleging defamation and seeking $1 billion in damages. The action, which escalates a closely watched trade-secret battle between the two top suppliers of anti-virus software, is the latest volley involving two batches of software code that appear in two McAfee products, PC Medic 1997 and VirusScan. Cupertino, Calif.-based Symantec sued Santa Clara, Calif.
BUSINESS
May 20, 2004 | From Reuters
Symantec Corp. agreed to acquire the 89% stake in Brightmail, a maker of anti-spam technology, it does not own for about $370 million in cash, bolstering its gateway security capabilities as public demand for junk mail filters grows. The deal, if approved, would end Brightmail's plans to go public. The San Francisco-based company filed in late March to raise about $80 million in an initial public offering. Cupertino, Calif.
BUSINESS
April 29, 2004 | From Bloomberg News
K-Swiss Inc., an athletic-shoe maker that split its shares and doubled its dividend in December, cut its 2004 profit and sales forecasts after orders from Foot Locker Inc. dropped. Its shares fell 21%. K-Swiss expects to earn $1.40 to $1.50 a share this year, down from its earlier forecast of $1.50 to $1.65, on sales of $460 million to $480 million. The company reported net income of $1.32 a share on sales of $429.2 million in 2003. Shares of Westlake Village-based K-Swiss fell $5.06 to $19.
Los Angeles Times Articles
|