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Symantec Corporation Message Board

  • long_term_tech_investor long_term_tech_investor Aug 16, 2013 1:08 AM Flag

    Symantec Faces Increased Competition as IBM Spends $1B on Security Company.

    Check the headlines, IBM increasingly ramping and broadening into the security space. Symantec has nowhere to go at this point, it cannot survive as a software pure-play, nor survive in the PC space, it is slowly being boxed into a corner. This is what prompted Bennett's plan at turning the company into a customer-focused solution-provider. There is no other viable cover story to spin. Problem is, by the time that comes to fruition, if it ever happens, the competition and cloud space is going to have snipped Symantec in both the security and data markets.

    The game is still on, if you've had luck riding the shares, best of continued luck to you, just realize at some point the music is going to stop. Keep well protected on the downside. Just as the shares were undervalued and over-hated for the last 8 years, it is now overvalued and hyped today. Neither extreme is justified.

    LT

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