So let's figure .12 for 4 quarters =
With that, the current PE is about 18 or 19. I can see
where the stock will come back along with lots of other
beaten down tech stocks. Normal PE on these guys is
I am long in SYMC and regret it from a financial
I also regret that the people who invest in
technology do not take the time to understand technology.
Your posts have been not only educational but also
very literate. I appreciate them.
however show a great lack of knowledge of the product
lines, quality, and battle over distribution channel.
The current battle for the desktop is indeed in the
hands of individual users not corporate buyers and
technicians. When a senior management official or group buyer
goes to the web or a retail store and purchases a dud
product, you can be sure that product will not be the
corporate standard. In effect, computer software is being
purchased by "super majority rules." Technology managers
such as me must consider brand loyalty. All of this is
to say that your arguments regarding corporate sales
being more important than retail are not as valid as
they once would have been.
firmly believe that while SYMC and QDEK have had some
tough times, the consolidation in the desktop "after
market" software is natural. NETA has had some good
products but I left them because of some massive upgrade
policy failures and a decision to change technology
without informing their user base. Cost of ownership was
not the issue as much as support. Unfortunately,
investors such as you care only about IR and not product
support. This is one of the reasons that many
entrepreneurs hate going public. It forces them to react to
people who do not understand their products, their
markets, or their strategy. The next couple of years will
be a time of consolidation and preparation for NT
Workstation 5.0 (1Q 2000 ??). It is in beta but much of the
essential functionality is still missing. I have read
nothing about 6.0 as of yet.
While I shall miss
your tirades, I shall hope your ilk has left the
trading of SYMC to long term investors who understand
technology. While I have a paper loss I have not been so
foolish as to trade it into a paper loss that would fill
me with the venom that seems to possess you.
Gordon may not be the most capable manager but he
follows Oliver Wendell Holmes admonition that sometimes
we must sail with the wind and sometimes we must
sail against the wind, but we must always sail.
I'm done with this company. I don't care if they
find a cure for cancer, I wouldn't invest another
dollar with present management. I feel strongly that
they are a bunch of liars and they don't care about
the stock performance because they don't own a
significant stake in the company.
It will take six to
nine months for them to regain the momentum that they
lost. I don't think they will ever regain trust on the
street. I certainly don't trust them and I am not alone.
By the time they get any momentum going, MSFT will
come out with NT 6.0 and the whole cycle of delayed
purchases will begin again. Sales will disappear and the
stock will tank.
Just look at the long term chart and you will
clearly see support at 9 dollars. their are also many
indicators flashing buy signals. Fidelity mutual funds and
many others will see what I see and the price will
move upward. Good luck to you all.
Most takeovers of struggling companies are based
on revenue rather than R&D pipeline, management
NETA fired virtually all of CYBR's
nearly 200 employees. What research was retained?
Virtually nothing except the existing code. I don't think
NETA will be releasing new versions of CYBR products.
How many of CYBR's managers were retained for their
I agree that if you are top shelf companies with
significant new technology then other aspects
This is just my opinion.
BTW, in the six months
prior to acquisition, here are the
Company Revenue Loss
CYBR 10.6 27.9
All numbers in millions.
SYMC says they will meet next quarters numbers on
earnings - I think it is in the low forties
This does not include any one of four OEM deals in the
channel- which may or may not go through. Nor does it
include the additional revenue that was lost when power
failed in Dublin.
Gordon claims that the QDEK
acquisition will be non-dilutive. Only two QDEK products were
mentioned - Uninstaller and Procomm Plus. Uninstaller is
apparently the leaader in its category while Procomm Plus
has many corporate customers who can be brought in as
SYMC customers, though G.E. claims that Procomm Plus
is profitable. As for QDEK employees, an oblique
reference was made indicating that SYMC had just made
cutbacks, it could not be expected to carry additional
SystemWorks appears to be doing well. 30% of NAV 4 who
upgraded to NAV 5.0 upgraded to SystemWorks.
million of IBM customers have been converted to NAV
representing between 3500 to 4000 IBM customers. I think IBM
had 8000 AV customers. IBM's sales force is selling
NAV worldwide, the first non-IBM product to be sold
by IBM according to G.E.
Intel should bring
18000 customers though they will not be as large as
1.7 million shares were repurchased last quarter out
of 3 million which were authorized. Remaining will
be purchased this quarter.
was 33% International with 2/3rds of it coming from
Europe, Middle East, North Africa. Corporate business was
1/3rd with the retail being 2/3rd. Gross margin for the
quarter was 85%, 2% lower than last quarter due to fewer
Cash & Investments on hand fell to
274 million primarily due to the stock buyback. Intel
has not been paid yet for AV business.
selling well with 30% quarter to quarter (i.e.,
sequential) growth. Norton 2000 is also sellin
Concentrating on 10 million mobile workers expected in the US
by the year 2000. Digital Immune System product due
by next year.
Mac sales were up 50% in Sept
quarter over June quarter.
Sharp pickup in volume
of retail sales in last two weeks of September.
Systemworks now shipping with a copy of QDEK's RemoveIt
utility. G.E. claimed that SystemWorks is getting good
This is just my summary of the Conference Call. I may
have missed something important or may have reported
something incorrectly. If you want to listen, call
719-457-0820 with code 549 296.
one question. Are you SURE they said they will
meet next quarter
earnings projections of about
$0.42. If that is correct and
they do mean the low
40's instead of a revised (much lower) number, that is
REALLY GREAT NEWS. Lets hope its so. Can
confirm this? Anyway, its a good value at $9.
thanks for great review of the CC.
didn't get a good price compared to now did
Since they have 1.3 million more to go this
they will be able to average down and get a lower
Hey I get it, SYMC is doing this so they can buy
own shares at a much cheaper price this quarter!??