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Symantec Stock Tanks After Announcing An Internal Probe (cnet.com)

An anonymous reader quotes CNET: Symantec shares plummeted roughly 20% on Thursday after the antivirus maker warned an internal investigation could delay its annual report. The plunge followed news that the audit committee of Symantec's board had launched an internal investigation into undescribed concerns raised by a former employee. The probe is being aided by independent counsel and other advisers, the company said in its fiscal fourth-quarter earnings report. Symantec said it had informed the US Securities and Exchange Commission of the probe and intends to share information collected during the investigation with the commission.
CRN reports that the investigation "is not tied to any security concern or breach around Symantec's products or systems, Cynthia Hiponia, vice president of investor relations, said during the company's earnings call Thursday."

1 of 34 comments (clear)

  1. Re:About time by drinkypoo · · Score: 3, Informative

    You needed to do that with any AV to avoid having your repair tools blocked. Yeah I get that you were just picking the low-hanging fruit of [insert software here] being useless, etc, but still...

    Nope. Normally you just disable it. But NAV/SAV is extra-bad garbage. Even the corporate edition would just stop updating itself last time I had to deal with it. Also, their detection rate has never been very good.

    --
    "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"