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Symantec

BUSINESS
January 20, 2005 | From Bloomberg News
Symantec Corp., which is buying Veritas Software Corp. for $12.3 billion, said Wednesday that third-quarter profit increased 47% as sales of the Norton antivirus computer program gained. Net income rose to $163.6 million, or 22 cents a share, in the quarter ended Dec. 31 from $111.5 million, or 16 cents, a year earlier. Sales increased 41% to $695.2 million. Computer owners' fears of viruses boosted demand for the antivirus program, helping Cupertino, Calif.
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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
October 21, 2004 | Joseph Menn, Times Staff Writer
Growing worry over identity theft, viruses and other online problems helped boost quarterly earnings at two big Internet security companies, Symantec Corp. and VeriSign Inc. Symantec, one of the largest digital security companies, said Wednesday that net income in the fiscal second quarter jumped to $136 million, or 38 cents a share, from $83 million, or 24 cents, a year earlier. Sales rose 44% to $618 million.
BUSINESS
September 17, 2004 | From Associated Press
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.
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
November 19, 2003 | From Bloomberg News
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.
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
September 16, 2003 | Associated Press
The Bush administration Monday selected Amit Yoran, a respected executive from software firm Symantec Corp., as the nation's new cyber-security chief in the Department of Homeland Security. Yoran, who is well known within the cyber-security community, will work to persuade Americans to improve their computer defenses against hackers, disgruntled employees, commercial rivals and foreign governments.
BUSINESS
September 15, 2003 | Roger Vincent, Times Staff Writer
Internet security technology provider Symantec Corp. has purchased 9 acres in Fox Hills, where it plans to build a research and development campus with an ocean view. The new Symantec offices would be about 2 miles from the planned Electronic Arts Inc. production studio in Playa Vista, where the computer game maker would pamper its 300 employees with such perks as beach volleyball, valet parking and jogging trails.
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.
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