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Symantec to Buy Veritas
jortega writes "Symantec is looking into buying Veritas for $13bn." The linked article is mostly about biz stuff. Seems like a kind of strange deal to me.
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doesn't like this much, Symantec is down 8% and Veritas is down slightly as well, and so far has failed to approach the takeover price of around $30 bucks a share. Probably due to increased competition in the secuiruty market.
Who does Symantec think they are? Computer Associates?
This is probably a good thing. I sure as hell wouldn't install anything from Symantic without doing a backup first.
Symantec isn't actually buying the company, they're giving them a bunch of copies of Norton Antivirus and will slowly drive them into bankruptcy via the subscription fees. At which point they'll take over the company based on the money owed.
"what's a antivirus company want with a backup company?"
What's the first thing you wonder when your network gets infected? When was the last time I backed up my data?
Or, "Why the %#!?& are we paying so much for anti-virus software that doesn't stop my network from getting infected!?!"
Would it not be sick, evil irony if we all found out that, after Symantec purchases Veritas, Symantec's "other" software lines include:
- Symantec Virus DevStudio 7
- Symantec Spam Server 5
- Symantec Gator
- Symantec Hard Drive Eraser 4
- Symantec Registry Hoser XP
- Symantec Network Trojan 5.5
- Symantec EZ Spyware 4
- Symantec RAID Drive Ejector 3
That would pretty much cover their business development needs for the OTHER product line that we're already aware of.
IronChefMorimoto
I remember the good old days of "Tristep" - their old contract-to-hire company... When I asked what it stood for, I was told:
1 foot in the door
1 foot out the door
1 foot in your ass
Not sure who they're using now, but employees I've kept in touch with indicate that it's gotten more efficient: they wear cleats now.