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Symantec Corporation Message Board

  • riemenschnitter riemenschnitter Jul 19, 1999 8:59 AM Flag

    prudential upgrade to strong buy

    i guess prudential knows more about the earnings
    than most of us do. they won't raise symantec from
    accumulate to strong buy if they don't know about very good

    hold on to your stocks, we'll have a nice 1999....

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    • Based on the chart, the quick stock movement with
      a gap, the rising volume, the 52 week high, the
      Prudential upgrade, and the earnings coming out Wednesday,
      this looks like the makings of a classical breakout!

      • 2 Replies to The_rich_files
      • tter of semantics (or Symantics), but the stock was $18 a share 3 months ago. Hasn't it already broken out?

      • 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.

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