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Symantec Corporation Message Board

  • beulzebub beulzebub Oct 18, 2000 5:43 PM Flag

    Relax folks

    Unless you have Oct calls, you will be
    fine.

    SYMC is changing the whole biz model. Moving from a
    a/v consumer to a enterprise security co. They have
    been phasing out lower margin biz, to increase the
    margin. So the revs growth is 27% for next year (down
    ffrom the 30%) the EPS is up to 2.90.

    With these
    numbers a PEG of 1 will give us 78.3
    A lot of
    irrational trading going on in this market, when sanity
    returns... the person who took advatage of the low prices
    will be fine.

    Peace and Patience.

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    • Bub; Thanks for the clarication. Irrational is
      appropriate, I would say. At any other time n recent memory,
      earnings reports like those of SYMC, would have been
      rewarded, rather than punished as it seems to be in
      extended trading.
      I'm in for the long haul w/ SYMC; & I
      believe in its vision, its management; & the growth
      potential of its sector. IMHO, patience will be rewarded w/
      SYMC

 
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