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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."
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."
drinkypoo opined:>/p>
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.
I'll go farther than that:
Symantec's anti-virus products ARE malware.
They slow your machine down to a crawl. They interfere with basically any utility program you try to run. They prevent you from uninstalling THEM, if you let 'em. They keep you from being able to install all kinds of other software. They spy on you. And they're constantly trying to extort you into paying to extend your slavery to them, by pretending that something WORSE THAN SYMANTEC will happen to your computer, if you don't ...
Check out my novel.
Money. It's going to be tied to money. If it's delaying the annual report, I would guess its going to be some accounting concern.