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 (1637)	7/21/1999 8:55:00 PM
From: Just_Observing	Read Replies (1) of 2069

Highlights of Conference Call 1. Revenue growth rate forecast for this year increased from 20 to 25%. 2. DSOs went down from 41 days in the previous quarter down to 31 days. If DSOs had remained at 41 days, the revenue could have been $20 million higher (revenue is about $2 million a day). 3. Acquisition of Internet Content Manager UR Labs for $42 million completed last night. 4. Deferred revenue up 23% from last quarter (need to confirm this number). 5. Complete domination of the retail channel both in the US and in Europe. 6. Corporate Sales already at 46%. Company had estimated them to be 43% for this year. 7. JT came across very well. Very focused and very decisive. Spinoff of the internet unit this quarter. Reorganization of company to achieve better focus. 8. Acquisition of UR labs to be dilutive by a few cents this quarter and maybe a little the next. No need to adjust the forecasted eps though. 9. Company purchased 1 million shares at a price of $18.50 last quarter (out of the $75 million authorized for stock buyback). Overall, a very good quarter. Any comments or corrections welcome.

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