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Symantec Corporation Message Board

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  • juryman07 juryman07 Aug 23, 2002 10:46 PM Flag

    Nice drop

    Doesn't it depend on what they do with the money? Since the companies just bought were bought when the mkt was down, they were bought relatively cheaply I would think. The test will be if SYMC can set itself up as THE provider of internet security.

    A new computer virus or a big gov't contract will change the stock's behavior abruptly.

    I suspect 30 will hold again if tested.

    • >>Since the companies just bought were bought when the mkt was down, they were bought relatively cheaply I would think

      $350M for four companies with barely $20M in revenue and no long term revenue history is not cheap. Riptec was the company with the most revenue and they are a low margin services company.

 
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