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Symantec

BUSINESS
June 13, 2002 | Bloomberg News
Symantec Corp., a maker of software that fends off computer viruses and hacker attacks, will report first-quarter sales that are at the upper end of its forecast, Chief Executive John Thompson said. The computer-security company had forecast sales of $280 million to $290 million in the quarter ending June 30 and profit, excluding certain costs, of 32 cents a share.
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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
July 28, 2000 | Bloomberg News
Symantec Corp., the largest maker of computer security software for consumers, agreed to buy rival Axent Technologies Inc. for about $975 million in stock to beef up its product line for businesses. Axent shareholders will get one-half of a Symantec share for each Axent share. The purchase comes as Symantec Chief Executive John Thompson refashions the maker of PC software such as Norton AntiVirus into a provider of security software and services to large companies.
BUSINESS
September 2, 1999 | Bloomberg News
Symantec Corp. said it will add AT&T Corp.'s Internet service to its software products. Terms of the agreement weren't disclosed. Symantec will package AT&T's WorldNet Internet service software with its Norton and ACT software programs beginning this month. AT&T will offer a free month of Internet service to Symantec customers who join through the program. AT&T will also include a trial version of Symantec's Norton software when it distributes its WorldNet CDs. Symantec shares rose $2.
BUSINESS
April 15, 1999
Symantec Corp., maker of anti-virus and computer security software, named former IBM Corp. executive John W. Thompson its chief executive and president, replacing Gordon Eubanks, a software industry pioneer. Thompson, 49, was with IBM for almost three decades, most recently as general manager of its Americas unit. Last week, Eubanks resigned to become president and CEO of closely held software start-up Oblix Inc. Shares of Cupertino, Calif.
BUSINESS
April 7, 1999 | CHARLES PILLER, TIMES STAFF WRITER
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.
BUSINESS
October 16, 1998 | ASHLEY DUNN, TIMES STAFF WRITER
Symantec Corp., the maker of the popular software utilities Norton AntiVirus and Norton Utilities, said Thursday that it agreed to buy rival Quarterdeck Corp. for about $65 million, including the assumption of debt. Under the deal announced after the market closed, Cupertino-based Symantec would offer 52 cents for each Quarterdeck share. The deal has been approved by the boards of both companies, but is still subject to the tender of a majority of Quarterdeck's shares.
BUSINESS
September 29, 1998 | Bloomberg News
Symantec Corp., one of the leading makers of software that detects computer bugs, agreed to buy Intel Corp.'s antivirus business for $18 million in cash. Symantec plans to meld its Norton AntiVirus technology with an antivirus system Intel has been developing for the last year. As part of the transaction, Intel will recommend Norton AntiVirus products to corporate customers and market them through its distributors.
BUSINESS
September 5, 1998 | From Bloomberg News
Symantec Corp. was ordered on Friday to stop selling a version of its Norton UnInstaller Deluxe program and to issue a recall to distributors, in a court victory for Santa Monica-based CyberMedia Inc. San Jose U.S. District Judge Jeremy Vogel issued the preliminary injunction, ruling that CyberMedia is likely to prove that Symantec infringed its copyright for its UnInstaller program. The programs remove unwanted software and files from personal computer hard-disk drives.
BUSINESS
July 8, 1998 | From Bloomberg News
Symantec Corp., a maker of software that detects computer bugs, rose 14% after the company allayed concern that it would miss fiscal first-quarter earnings and revenue estimates. Symantec shares rose $3.19 to close at $25/50 in Nasdaq trading. The Cupertino-based company said it will earn 40 cents a share before charges, in line with analyst estimates of 41 cents.
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