Symantec (SYMC) - What does it look like? Message Board

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Technology Stocks : Symantec (SYMC) - What does it look like?

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To: Jordan M. Fiddle who wrote (297)	11/6/1996 5:17:00 PM
From: bull	of 2069

Jordan-I was short on Symc and covered and went long the day earnings were announced. IMO the MM's are keeping people out of this stock while they accumalate. They are opening a new facility, and they sold off a part to a Canadian co. If the stock gets to $12-I will close out my position. I think it's going to trade $10-$12 like it has been for awhile. Long term-I think it could be undervalued. As compared to MCAF which swings 2-4 per day, as a day trader I prefer that type of action. Here's another $7 mill they are spending: ANBERRA, Nov 6 (Reuter) - The Australian government said on Wednesday it had signed a A$7 million fixed term arrangement (FTA) agreement with the Australian subsidiary of United States-based software company Symantec Corp. Industry Minister John Moore said a regional anti-virus research centre and user support centre would form the centrepiece of the four-year agreement. The company would also develop and produce point-of-sale marketing material for the Asia Pacific region. Moore said the agreement would focus the attention of international information technology and telecommunications companies on investment opportunities in Australia. "I welcome the FTA investment commitments made by Symantec," Moore said in a statement. "They will benefit Symantec and assist the continued development of a world competitive information technology infrastructure in this country." The fixed term arrangement programme was designed to boost international companies' investment in Australia. Symantec Asia Pacific vice president Garry Sexton said the user support centre would take on an increasingly regional focus as demand for support services grew. Symantec Corp develops, markets and supports a complete line of application and system software products designed to enhance individual and work group productivity as well as manage networked computer environments. -- Canberra Bureau 61-6 273-2730

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