Feeds

Symantec under pressure to split up?

Activist investors getting active

Intelligent flash storage arrays

Symantec faces being split up by activist investors, according to the New York Post.

Symantec is viewed as still struggling to integrate its 2005, $10.5bn Veritas acquisition, and it may be undervalued as a result, based upon estimates of what individual units could fetch if they were spun off. For example, Veritas might be sold - EMC might like to think about buying that, or the Norton Anti-Virus business could be put up for sale.

The Post's source says the dissident investors are touting possibilities to potential buyers and other shareholders. On 15 November, US regulations will force new investors with between one and five per cent shareholdings to disclose their identity, which could flush them out into the open.

Big numbers are being bandied about, with one shareholder thinking Symantec could fetch $22 to $26 overall if broken up, which contrasts to its current share price of $17.14. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
4chan outraged by Emma Watson nudie photo leak SCAM
In the immortal words of Shaggy, it wasn't me us ... amirite?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.