Another Executive Departs Symantec - More Forewarning...
"Software maker Symantec Corp said on Monday that one of its group presidents, Rowan Trollope, is leaving the company, making him at least the second senior executive to depart since the anti-virus software maker fired its chief executive in July. The company said in a filing with the SEC that Trollope resigned, effective November 12, to pursue another job. He oversaw the Symantec units focused on cloud computing and small-and-medium-sized business clients."
Understood, valid point. However, what you point out is more the political aspect. More importantly though there is a very real internal disruption aspect now created. Especially given the ares Rowan was managing. Since Symantec is already seriously behind the curve (revenue ratio wise and product wise) in the cloud space, and the company is already having major customer and product issues in the SMB storage side, this departure is not a positive development near or even mid term.
The internal disruption that will result from these departures, regardless of the actual reasons, is absolutely not a positive development.. Symantec is already significantly behind the competition on a technology and revenue percentage in the cloud arena and has incurred some serious product and customer problems on the storage side that are going to take many quarters to correct and may conclude in permanent market share losses.
Minus broader market tailwinds, the shares can be expected to head lower from the present inflated levels.