Symantec to Buy Veritas 258
jortega writes "Symantec is looking into buying Veritas for $13bn." The linked article is mostly about biz stuff. Seems like a kind of strange deal to me.
"If I do not want others to quote me, I do not speak." -- Phil Wayne
A done deal (Score:4, Informative)
Re:Great. (Score:3, Informative)
Re:Huh? (Score:2, Informative)
In related news (Score:4, Informative)
one more owner for backup exec... (Score:3, Informative)
then it was purchased by acada (? - acadia)
then it was purchased by seagate
then it was purchased by veritas
and amazingly enough, backup exec has continued to get better over time.
eric
Re:Jack of All Trades... (Score:3, Informative)
The Norton Utilities were mighty fun during the DOS days.
Re:I guess.. (Score:4, Informative)
Oh, phrases, how I love thee.
One time, when I was the backup guy and I wasn't afraid to disclose my knowledge of backupexec, I became the *backup guy*. This damned me into restoring peoples resumes and digital pictures for the rest of my employment.
When he learns his lesson, he'll again become ignorant. For now, he probably just does it because it's an IT job and the pay is OK.
Re:The Market (Score:4, Informative)
While you may disagree with my opinion, S&P downgraded the stock, and
other analysts do not like it as well - American Technology Research analyst Donovan Gow said the market's negative reaction reflects the stock market's puzzlement over why Symantec, a leader in the rapidly growing market for security software, is buying Veritas, whose sales have been rising at a much slower clip. here [sfgate.com]
Symantec is down 25% from monday. I'm not saying I'm right, but do a google and there are several sources that agree.
Re:Huh? (Score:3, Informative)
Nextel is going to be migrating their iDEN network to be based on cdma2000 (and therefore on the migration path for EV-DV, etc.) This is actually a good thing for Nextel, their walkie-talkies are popular, but as a cellphone network, they suck. Certainly, part of this will be making Sprint and Nextel's Push-to-talk offering compatible. Merging with Sprint will give both companies the opportunity for more growth (IMO) then apart.