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Symantec Corporation Message Board

  • long_term_tech_investor long_term_tech_investor Oct 23, 2012 12:29 PM Flag

    Shareholder Meeting - Non-Event

    Just as I anticipated, the shareholder meeting was a complete NON-EVENT in terms of any change in direction or catalyst.

    A very telling comment was an intentionally worded statement "...and to CONTINUE to return cash to shareholders." This is a CLEAR indicator there is either NO dividend ahead or else a very small one. Upon further question, the CEO clarified that buy-backs had been done and clearly implied this would be a primary continued method, just as I had suspected.

    The new CEO also stated the new "strategy" would not be rolled out until January (as I previously reported). And further clarified they plan to target filling specific customer needs as a big part of the strategy. Organic growth and non-organic being considered, the latter being targeted ACQUISITIONS no doubt.

    There is nothing new here people, this is going to be a painted pig of the same old stuff with the kind of management and leadership that SHOULD have been in place 8 years ago. Now, even with competent leadership they company is going to be fighting an up-hill battle of loosing market share and innovation challenges.

    THIS IS A LONG TERM INVESTMENT AT BEST, STILL WITH RISK, AND THE CURRENT STOCK LEVELS ARE STILL AHEAD OF THEMSELVES SO BE VERY CAREFUL.

    LT

 
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