Classic.
Splitters! First HP's cut in two, now it's Symantec’s turn – report
Multiple reports say Symantec is thinking of splitting itself up into separate security and storage businesses. Symantec bought Veritas for a massive $13.5bn in 2004, promising synergies between its existing security business and Veritas’ backup and storage management software. The synergies didn’t appear and Symantec's …
COMMENTS
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Thursday 9th October 2014 14:20 GMT Someone Else
They said that?
Symantec bought Veritas for a massive $13.5bn in 2004, promising synergies between its existing security business and Veritas’ backup and storage management software. [emphasis added]
Damn! I don't follow such stuff, but had I known the "powers that be" used that phrase to describe the merger, I'd have shorted their stock in a New York minute, and be sitting on a beach sipping umbrella drinks right now.
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Friday 10th October 2014 00:32 GMT Anonymous Coward
Unlocking the hidden value.
Way to go Mikie Brown and company for trying again to unlock the hidden value. Anyone remember Quantum's split into two companies (DSS tape) and (QNTM disk) orchestrated by Mr. Brown ?
That dog didn't hunt very well and took a profitible business with billions in revenue and turned it into the pathetic quantum of today that can't even pimp themselves off to a private equity firm.