Symantec starts a non-destructive reformat
Subject: General Tech | October 10, 2014 - 12:30 PM | Jeremy Hellstrom
Tagged: symantec, security, norton, billions
Symantec is splitting its self down the middle, with one side focusing on their antivirus and security products, which apparently still sell and are not just bundled with new laptops and computers, and the other handling information management. Considering they made nearly $7 billion last year someone must be buying their software and even more shocking they must be renewing the license which came with the new machine. Those commenting on Slashdot immediately tried to help Norton out by suggesting that one side should create and spread viruses while the other should come in like a white knight and slay them. That would certainly make it a more interesting read; even so the fact that Symantec is still alive and prospering is enough of a shock for a Friday morning.
"Symantec announced plans on Thursday to split into two separate, publicly traded companies – one focused on security, the other focused on information management. The company's security business generated $4.2 billion in revenue in fiscal year 2014 while its information management business meanwhile hit revenues of $2.5 billion. "As the security and storage industries continue to change at an accelerating pace, Symante c's security and IM businesses each face unique market opportunities and challenges," Symantec CEO Michael A. Brown, who officially took over as CEO last month, said in a statement."
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