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: AlienTech who wrote (1576)	4/15/1999 11:00:00 PM
From: Just_Observing	Read Replies (3) of 2069

The new CEO seems to be very reasonable. He spoke very well and is focused on finding synergies among Symantec products. A complete change from the befuddled Gordon who constantly needed assistance in answering questions. John Thompson had 35,000 people working under him at IBM. Some of the analysts were almost in awe of him. They repeatedly asked him what had attracted him to SYMC? He is known as a motivator and that's what Symantec needs after years of sterile leadership. His salary will be about the same that he had at IBM. $600,000 a year in salary plus an equal amount in bonuses. What I like best is his incentive. Up to 1% of SYMC stock as options. So for every one 100 million he adds in market cap to Symantec, he gets 1 million. He mentioned that he has lots of contacts in Corporate sales and he will be using them. After the poorly focused Gordon Eubanks, John Thompson is what Symantec needed. He also said that he will work on Internet strategies. Finally, Symantec has the leadership to become a player. We should see some results in about 6 months, if not sooner.

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