Symantec has been transitioning to a maintenance model and analysts are just picking up on it. NAV gets $4 per year per user. With 5 to 10 million upgrades a year, that works out to be $20 to $40 million a year. Liveupdate Pro costs $29.95 per year. With one million subscribers, it works out to $30 million every year. And note that these numbers grow as more units are sold. The power of this compounding is massive. Please not that Systemworks has only been sold since November so we should just see the beginning of the Liveupdate pro revenues this quarter. But in the subsequent quarters, this revenue stream will grow quickly. Also, please note that in most of June, NAV and Systemworks were #1 and #2 in retail sales of all software products. A year ago, SYMC was lucky to have one product in the top ten. With JT in charge, SYMC is no longer an easy mark for its competitors. With the free pc craze heating up and Mac sales zooming (SYMC earns much more per Mac than a PC), and only 33% of home computers in the US having AV software, this company can only be held back by incompetent management. JT is not going to let that happen. So after 9 to 10 years of stagnation, let the good times roll.
As they say, "It's not your father's Oldsmobile, er, Symantec". Good Luck to the longs.