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Symantec Corporation Message Board

  • solarmanmike solarmanmike Mar 20, 2014 5:56 PM Flag

    WSJ: STRONG SELL - DEAD MONEY

    By
    WSJ Staff

    Shares of SymantecSYMC +1.58% are falling after the maker of computer antivirus software said it fired its CEO.

    The company’s stock price is falling about 6.7% in after-hours trading, following Symantec’s statement it had dumped Steve Bennett, president and CEO since July 2012.

    Chairman Daniel Schulman said Symantec will search for a new chief “who can leverage our company’s assets and leadership team to drive the next stage of Symantec’s product innovation and growth.”

    Symantec has struggled to keep pace with new ways to sell software. The company’s share price has dipped about 15% in the last year.

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SYMC
24.39-0.20(-0.81%)Sep 19 4:00 PMEDT

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