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Tag Archives: nasdaq: symc

Symantec Walks Away from China JV, Takes $530M

Symantec (NASDAQ: SYMC) has agreed to sell its 49 percent stake in a joint venture with Chinese telecommunications firm Huawei for $530 million. Under the deal, Huawei, which currently holds 51 percent of the share, will attain 100 percent control of the Hong Kong-based company, “Huawei Symantec, ” a joint …

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Neustar Appoints Symantec’s Bregman as CTO; Hook Comments

Neustar Inc. (NYSE: NSR) has appointed Mark F. Bregman as chief technology officer, effective Aug. 2, 2011. Bregman will be responsible for product technology strategy and product development efforts. He will report to Neustar President and CEO Lisa Hook. Bregman has served as Symantec Corp.’s (NASDAQ: SYMC) EVP and CTO since 2006, …

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Symantec to Acquire Clearwell Systems Inc.

Symantec Corp. (NASDAQ: SYMC) has signed a definitive agreement to purchase privately held Clearwell Systems, Inc., a provider of eDiscovery software solutions. Under the terms of the deal, Symantec will acquire Clearwell for approximately $390 million, net of Clearwell’s existing cash balance of approximately $20 million. The agreement is subject …

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Gen. Powell to Speak at Symantec Event; GiGi Schumm Comments

Retired Gen. Colin L. Powell is slated to give the morning keynote address at the Symantec (NASDAQ: SYMC) Government Symposium on June 14 in Washington, D.C. Following Powell’s presentation, Rand Beers, undersecretary for DHS’s National Protection and Programs Directorate, will present the lunch keynote. “We are pleased to welcome keynote …

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Symantec Sees Positives in Financial Report

Symantec (NASDAQ: SYMC) reported results of its fourth quarter and the fiscal year 2011, ended April 1, 2011. According to the firm, “GAAP revenue for the fiscal fourth quarter was $1.67 billion, up 9 percent year-over-year and up 8 percent after adjusting for currency. For the fiscal year, GAAP revenue …

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Financial Announcement from Symantec

Symantec (NASDAQ: SYMC) scheduled its quarterly earnings conference call for May 11. Executives including CEO Enrique Salem will be on hand to discuss the results of its fiscal fourth quarter and fiscal year 2011, ended April 1, 2011. According to the firm, “investors will have the opportunity to listen to …

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Symantec Pulls Back Curtain on Financial Numbers

Symantec (NASDAQ: SYMC) released results for the second quarter of fiscal year 2011. “I am pleased with the execution in the quarter, in particular the strong performance in backup and archiving and continued momentum in hosted services and data loss prevention. In addition, we saw growth in the public sector, …

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