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BUSINESS
June 25, 2005
Symantec Corp.'s $10.4-billion purchase of Veritas Software Corp. won approval from shareholders of both companies.
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BUSINESS
June 25, 2005
Symantec Corp.'s $10.4-billion purchase of Veritas Software Corp. won approval from shareholders of both companies.
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BUSINESS
November 13, 2002 | From Bloomberg News
Veritas Software Corp., a maker of computer data-storage software, named Edwin Gillis as chief financial officer. His predecessor admitted lying about a master's degree and quit last month. Gillis, 53, was CFO at Parametric Technology Corp. since 1995 and held the same title at Lotus Development Corp. A certified public accountant, he worked 15 years at Coopers & Lybrand, where he managed the firm's software industry group. The new finance chief replaces Kenneth Lonchar, who resigned Oct.
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
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
December 20, 2002 | From Bloomberg News
Veritas Software Corp. agreed to pay a total of $599 million for two companies whose programs help computers and applications perform more efficiently, to expand beyond products that protect data. The company will pay $537 million for Israel-based Precise Software Solutions Ltd., whose software spots potential system failures, and $62 million for closely held Jareva Technologies, a Sunnyvale, Calif., maker of programs that automate management of server computers. Shares of Mountain View, Calif.
BUSINESS
April 22, 2004 | From Reuters
Veritas Software Corp.'s first-quarter profit more than doubled on improved demand for its data storage software. Veritas reported net income of $103 million, or 23 cents a share, compared with net income of $43 million, or 10 cents, a year earlier. Revenue surged 24% to $487 million. The Mountain View, Calif., firm raised its second-quarter revenue and profit outlook and said it would meet its 2004 revenue forecast of $2 billion. Shares of Veritas rose 28 cents to $27.82 on Nasdaq.
BUSINESS
November 18, 2000 | Bloomberg News
Veritas Software Corp., maker of software for running Web sites, named Oracle Corp. executive Gary Bloom as chief executive to succeed Mark Leslie, who will remain chairman. The announcement sent Oracle stock down 14% in after-hours trading to $24.88, after closing up $1.44 at $28.81 on Nasdaq. Bloom, 40, is the latest high-profile executive to depart Oracle, following President Ray Lane, who resigned in July. Bloom was one of three executives tapped to assume Lane's duties.
BUSINESS
July 18, 2001 | Bloomberg News
Veritas Software Corp., a maker of computer programs for data storage, cut its sales forecast for the year, the second time since April, blaming the slow economy. The news sent Veritas shares down 14% to $43.47 in heavy after-hours trading. The shares had closed up $3.26 at $50.42 on Nasdaq before the announcement. Chief Executive Gary Bloom said he expects sales to grow 25% to 35% this year, below a previous forecast of 35% to 50%. Last year, Veritas said sales grew 72% to $1.2 billion.
BUSINESS
March 30, 2000 | Reuters, Times Staff
It was out with the old economy, in with the new as Standard & Poor's said Wednesday that data storage software maker Veritas Software Corp. (VRTS) will replace automotive chain store operator Pep Boys-Manny Moe & Jack Inc. (PBY) in the S&P 500 index after Friday's close. Veritas has risen 49% this year while Pep Boys has fallen 27%. . . . The Red Chip Review, research division of RedChip.com, upgraded several stocks in its latest update on the small-cap market: * Anixter International Inc.
BUSINESS
April 22, 2004 | From Reuters
Veritas Software Corp.'s first-quarter profit more than doubled on improved demand for its data storage software. Veritas reported net income of $103 million, or 23 cents a share, compared with net income of $43 million, or 10 cents, a year earlier. Revenue surged 24% to $487 million. The Mountain View, Calif., firm raised its second-quarter revenue and profit outlook and said it would meet its 2004 revenue forecast of $2 billion. Shares of Veritas rose 28 cents to $27.82 on Nasdaq.
BUSINESS
December 20, 2002 | From Bloomberg News
Veritas Software Corp. agreed to pay a total of $599 million for two companies whose programs help computers and applications perform more efficiently, to expand beyond products that protect data. The company will pay $537 million for Israel-based Precise Software Solutions Ltd., whose software spots potential system failures, and $62 million for closely held Jareva Technologies, a Sunnyvale, Calif., maker of programs that automate management of server computers. Shares of Mountain View, Calif.
BUSINESS
November 13, 2002 | From Bloomberg News
Veritas Software Corp., a maker of computer data-storage software, named Edwin Gillis as chief financial officer. His predecessor admitted lying about a master's degree and quit last month. Gillis, 53, was CFO at Parametric Technology Corp. since 1995 and held the same title at Lotus Development Corp. A certified public accountant, he worked 15 years at Coopers & Lybrand, where he managed the firm's software industry group. The new finance chief replaces Kenneth Lonchar, who resigned Oct.
BUSINESS
July 18, 2001 | Bloomberg News
Veritas Software Corp., a maker of computer programs for data storage, cut its sales forecast for the year, the second time since April, blaming the slow economy. The news sent Veritas shares down 14% to $43.47 in heavy after-hours trading. The shares had closed up $3.26 at $50.42 on Nasdaq before the announcement. Chief Executive Gary Bloom said he expects sales to grow 25% to 35% this year, below a previous forecast of 35% to 50%. Last year, Veritas said sales grew 72% to $1.2 billion.
BUSINESS
November 18, 2000 | Bloomberg News
Veritas Software Corp., maker of software for running Web sites, named Oracle Corp. executive Gary Bloom as chief executive to succeed Mark Leslie, who will remain chairman. The announcement sent Oracle stock down 14% in after-hours trading to $24.88, after closing up $1.44 at $28.81 on Nasdaq. Bloom, 40, is the latest high-profile executive to depart Oracle, following President Ray Lane, who resigned in July. Bloom was one of three executives tapped to assume Lane's duties.
BUSINESS
March 30, 2000 | Reuters, Times Staff
It was out with the old economy, in with the new as Standard & Poor's said Wednesday that data storage software maker Veritas Software Corp. (VRTS) will replace automotive chain store operator Pep Boys-Manny Moe & Jack Inc. (PBY) in the S&P 500 index after Friday's close. Veritas has risen 49% this year while Pep Boys has fallen 27%. . . . The Red Chip Review, research division of RedChip.com, upgraded several stocks in its latest update on the small-cap market: * Anixter International Inc.
BUSINESS
October 7, 1998 | Reuters
Shares of Veritas Software Corp. plunged 40% as investors frowned on the software maker's purchase of a unit of Seagate Technology Inc. for about $1.6 billion in stock. Veritas shares fell $19.19 to close at $26.19 in heavy trading on Nasdaq amid worries that the Mountain View-based company was overpaying for the unit and that it may have opened the door to its own acquisition by Seagate.
BUSINESS
March 30, 2000 | DUNCAN MARTELL, REUTERS
Seagate Technology Inc. announced a $20-billion transaction Wednesday that would take the world's largest computer disk-drive maker private and sell its 33% stake in fast-growing Veritas Software Inc. back to Veritas. Under the complex deal, Veritas, a Mountain View, Calif.
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