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Wednesday, November 02, 2005

Symantec Stumbles Big-Time (SYMC)

Symantec severely disappoints with guidance. JT indicates that it is looking for $1.26B in revenue when the Street was looking for $1.35B. While normally this would be A Very Bad Thing(tm), I think more homework is needed. This flies in the face of the storage refresh cycle theme I've been working on here. Could this "refresh cycle" really be a "Everyone Takes Veritas' Customers While They're In Acquisition Integration Mode" cycle? I don't think so.
Good news: Symantec signed 67 deals worth >$1MM; good progress towards becoming the enterprise standard.

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