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.
You knew the job was dangerous when you took it, Fred. -- Superchicken
Very strange (Score:1, Insightful)
Re:Huh? (Score:5, Insightful)
AT&T/Cingular made sense. Their networks are very similar.
Sprint is merging with Nextel, not Verizon. This makes less sense and they are looking to essentialy keep two seperate networks running.
what's a antivirus company want with a backup company?
What's the first thing you wonder when your network gets infected? When was the last time I backed up my data?
It's a perfect fit.
Re:How is it strange? (Score:3, Insightful)
Given my experience with Symantec's other areas that they bought their way into (firewalls, for example), I think this means it's time to stop considering Veritas...if it's any good now, it'll completely suck in 2 years.
Re:Forward Thinking (Score:3, Insightful)
Re:Huh? (Score:5, Insightful)
Maybe Symantec's just diversifying (Score:3, Insightful)
Re:Huh? (Score:4, Insightful)
Jack of All Trades... (Score:4, Insightful)
Once, long ago, Peter Norton made some damn good tools for DOS. Then came their antivirus product, and it was pretty good, too.
Then came Symantec, and so far I'm not impressed with anything they've done. Have they done anything? Other than buy other companys' products and rebrand them?
All the cool stuff, like Ghost, Tools and AV, came from Norton. The Raptor/Velociraptor firewalls were purchased.
Veritas makes some good stuff. Unfortunately, I believe Symantec will fix that over time.
Mediocre seems to be their watchword.
-Charles
Re:I'm Sick of Mergers... (Score:3, Insightful)
The point is to reduce costs, increase profits, and give all that extra money to the hard working execs and the hard working wall street types who make the deal happen, and let enough dribble down to the investors so that they don't make a stink. Screw everyone else.
Backups are part of security... (Score:3, Insightful)
Not to me. If you ever get into the infosec theory stuff, you'll study the CIA acronym; the "A" in it stands for availability, and that's what backups provide.
A backup company is a smart addition to a security company.
TWO WORDS (Score:4, Insightful)
The world of Information Security has been turned on its ear in the past two years. Little - if any - corporate security measures are focused on methodology such as Threat Analysis or Risk Assessment. The brave new world is mandated compliance - with Sarbanes-Oxley taking the lead at publicly-traded corporations.
Symantec probably has their eye on the data-retention provisions of SOX and GLBA. This is their sales message - because CEO's get jail-time for SOX violations.
Re:Symantec (Score:3, Insightful)
Why is the percentage of H1Bs a key question? I don't get it. Is this just another xenophobic rant or is there a relevant point to this question?
If a company honestly does its business, thus providing valuable services to willing companies, is that not enough? Why is it important for corporations to support your favorite charity? A corporation is not a person, so why personify it and assign moral points to it?
Sorry, I just don't get your post. Could you kindly expand on it?
Thanks.
Re:Backups are part of security... (Score:2, Insightful)
As an aside, I wonder how HP is feeling now? They dumped the filesystem (AdvFS) and clustering (TruCluster) that they bought by acquiring Compaq (who bought it by acquiring Digital) and decided to go with Veritas. Would you like your entire server roadmap to depend on Symantec? I know I wouldn't have the warm-and-fuzzies right now....
Re:Just fabulous (Score:3, Insightful)
Stop being a pedantic shithead for a minute, and consider the statistical probability of 38% of a permanent workforce suddenly becoming unproductive.
Simply, you don't know what the hell you're talking about. You're neither familiar with their operations, nor are you versed in their history.
I do. I've worked for them when their products were decent. I moved on to a better company, and have watched as they've utterly destroyed what used to be a great product line and employee environment. Of course, losing Dana Seibert didn't help things either.
I don't dislike the employees and contractors of Symantec - if anything I feel sorry for them, as they're receiving the short end of the stick on a regular basis.
CEO John Thompson though? He's utterly destroyed the cohesiveness and quality focus that existed before, and now he's about to destroy Veritas. And that - that is sad.