Thread - SYMC's down $6 today on what? CA's warning? I dunno. I figured CA was a competitor. Did I miss something? A year ago, SYMC was selling at about $25-30, up from $16 about 16 months ago (where I got back in after several years jes' watching and a couple of false starts), and has consistently met or exceeded its announcements, particularly since Mr. Thompson arrived. Where's the supposedly bad SYMC news? I can't find it. Linked under the SI:News button below is a pretty comprehensive (and positive) interview with Mr. Thompson; the press release is an extract. Here's an extract from that extract --
[start]
NEW YORK, Jul 5, 2000 (BUSINESS WIRE) -- The Wall Street Transcript has published an in-depth interview with John Thompson, CEO of Symantec
(Nasdaq: SYMC chart, msgs), in which he talks at length about the company's future.
The entire 2,300-word interview is available free online at twst.com
Thompson gives an overview of the company. "Symantec is a world leader in Internet security technologies. We have a dominant position of those technologies in the
consumer space and a rapidly expanding business in the enterprise market. We just completed our most successful fiscal year in fiscal year 2000, which saw top-line
revenue growth of over 30%, profit growth of over 40%. So this is a growth company focused on the opportunities around the Internet."
[snip -end]
Goodness, but I liked it at $60 last week. Imagine how I feel today - and I'm on vacation to boot. 8-)
Regards, and happy reading, and please somebody tell me what I'm missing -
Harry J.
FWIW, I own some SYMC but have no other connection to the company. hj |
