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Symantec Corporation Message Board

  • only_observing only_observing Jun 19, 2000 5:11 PM Flag

    AV companies trading below highs

    NETA, TMIC, MCAF are all trading considerably
    below their highs of the last few months.

    SYMC
    was downgraded last quarter due to decline in
    Corporate sales though it blew away estimates. The retail
    sales made up for the "slowdown" in Corporate sales.
    However, the retail sector has been cooling down though it
    did begin an upturn in the last two weeks (at least
    judging from computer sales). If SYMC has had weakness in
    retail sector, then there is a chance it might miss this
    quarter's numbers by a penny or two. Or SYMC management may
    decide to increase DSOs (since they are record lows) to
    meet the numbers this quarter.

    In any case, I
    tried to buy some calls today and just missed. Will be
    buying tomorrow if the right opportunity presents
    itself.

    Good luck

 
SYMC
24.92-0.15(-0.58%)2:27 PMEDT