The MercuryNews.com 2008 Silicon Valley 150 rankings show Data Domain making the biggest annual percentage sales gain out of all the IT companies in the list at 122 per cent to $274.1m. Symantec made the biggest loss of all at -$6.6bn. The SV150 rankings compare companies on their 2008 versus 2007 performance. Looking just at …
Bye bye Symantec!
Bye bye Symantec! people have realised how shoddy your software is compared to others
RE: Simon B
I only hope they don't drag down what's left of Veritas at the same time.
Oh what a deception we weave when we merge
Organic vs merger growth. EDS vanishes and HP add 87% staff and $11 Bn - hmmm
Symantec is doing ok...
Their stock dropped early in the year, forcing a writedown of a bunch of "goodwill" paid for the Veritas brand essentially. After they wrote that down their stock started heading up again.
The company itself is doing ok, but not great.
Ignorance is bliss
A classic case of using numbers without understanding what they mean.
HP "employment" didn't rise (it didn't hire lots of new people) -- it bought EDS, which means it just has more people now. No new employment created, and actually quite a lot of folks lost their jobs as a result.
Symantec didn't "lose" $6Bn -- it is in fact a cash machine, generating more than $1.2Bn in cash every quarter. The loss is entirely on paper, an effect of how the beancounters deal with goodwill (the difference between book value of an acquisition and what you actually pay for it).
Nevertheless, it does indicate that Symantec has overpaid for its acquisitions. Clearly, it did not wring out the anticipated value inherent in the price paid. Otherwise there would be no goodwill to write off. But, surely not as good a bullet point for a story in the Merc.
Paris, because she understands the importance of real money.
See what happened
When you dropped Norton Utilities off your main product line to force people to use Norton ShitstormWorks 2003, Symantec?
Mine's the one with the yellow and white box with the Swiss Army knife on the front.