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: Elmer Flugum who wrote (1627)	7/16/1999 3:36:00 PM
From: Just_Observing	Read Replies (1) of 2069

Symantec crossing 30. Earnings to be released July 21st after the close. SYMC had an outstanding June with NAV and Systemworks #1 and #2 for quite a while. NETA's products, Viruscan and Office, which are SYMC's main competitors, did not even show up on the top ten list (please note that the list represents only 57% of retail stores according to PC Data). Please also note that both these products garner maintenance revenue which will show up sooner or later. For other products, SYMC has only 20% upgrades of registered users. For NAV and Systemworks it should garner maintenance revenue at a much higher rate ($4 for NAV and $29.95 for Systemworks per year). Macintosh sales were strong and Symantec gains much more per Mac than a PC. The relationship with IBM is working well and IBM has been on a roll. So there is little chance of downside in Corporate sales. The relationship with Intel also helps as with the sales of NAV with 2 million Intel motherboards (though the revenue from this deal was only $500,000). We should begin to see some effects of JT's leadership. It may be too early to see effect on Corporate Sales in this quarter, but definitely, I expect positive things from him in the next quarter. BTW, 1.11 million shares of SYMC have traded today. We should head higher as we roll into earnings and beyond. The expectations are easily beatable for this quarter and the next quarter has very easy year-to-year comparisons. JT should have a very good conference call now that he has had time with the company. He handled the last call brilliantly, given that he had been with the company for less than 2 days. With the caveat that I've been wrong before, I think SYMC is positioned to go to 35 and beyond. In any case, good luck to the SYMC longs.

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