June 10, 2006 |
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.
March 25, 2003 |
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.
April 24, 1997 |
Symantec Corp. said it sued McAfee Associates Inc. in state court in San Jose, claiming it stole software code used to recover data from crashed computer disks. The suit accuses McAfee of stealing the computer code from Symantec's Norton CrashGuard product, which was released in September, and including it in McAfee's PC Medic product, released last month.
September 17, 2004 |
Symantec Corp. said Thursday that it was acquiring digital security consulting firm @stake Inc. Financial details were not disclosed. The deal is expected to close next month. Symantec, based in Cupertino, Calif., is one of the world's biggest information security companies, selling consulting services and software such as the Norton AntiVirus program. The company does business in more than 35 countries. Closely held @stake, based in Cambridge, Mass.
November 19, 2003 |
Shares of Symantec Corp. and other makers of anti-virus software fell Tuesday after Computer Associates International Inc. offered free security programs to some home users of personal computers. Computer Associates, based in Islandia, N.Y., said it would "aggressively promote" free one-year subscriptions for its eTrust EZ Armor package of programs to "qualified" users of PCs running Microsoft Corp.'s Windows operating system. The software sells for about $50.
April 7, 1999 |
Gordon Eubanks, chief executive of Symantec Corp. and a fixture in the software industry for two decades, said Tuesday that he will leave the leading maker of utility programs to head Oblix Inc., a Silicon Valley e-commerce start-up. Mountain View-based Oblix automates the process of tracking and updating employee and customer information over corporate networks and databases. Eubanks will stay with Symantec, in nearby Cupertino, until the company hires a new chief executive.
February 2, 1998 |
Anti-virus software developer Symantec Corp. will release an update to its Norton AntiVirus program today that is designed to seek out and destroy a new class of "macro" viruses. Researchers at the Cupertino, Calif.-based company developed the update after they learned of an unusual virus found in France this week. Although there's only one known case of the virus, dubbed XF/Paix.A, virus hunters want to ensure that they're ready. "A new class of macro virus is what we're dealing with.
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.
May 20, 2004 |
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.
September 28, 2006 |
Security software vendor Symantec Corp. accused Microsoft Corp. on Wednesday of abusing its monopoly in deciding which security products can run on its upcoming operating system. Symantec said Microsoft, which started selling its own security products in May, was deliberately withholding information needed to develop products that work on Windows Vista.