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Symantec Stock Tanks After Announcing An Internal Probe (cnet.com) 34

An anonymous reader quotes CNET: Symantec shares plummeted roughly 20% on Thursday after the antivirus maker warned an internal investigation could delay its annual report. The plunge followed news that the audit committee of Symantec's board had launched an internal investigation into undescribed concerns raised by a former employee. The probe is being aided by independent counsel and other advisers, the company said in its fiscal fourth-quarter earnings report. Symantec said it had informed the US Securities and Exchange Commission of the probe and intends to share information collected during the investigation with the commission.
CRN reports that the investigation "is not tied to any security concern or breach around Symantec's products or systems, Cynthia Hiponia, vice president of investor relations, said during the company's earnings call Thursday."

Symantec Stock Tanks After Announcing An Internal Probe

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  • About time (Score:4, Funny)

    by Vranitzky ( 5222955 ) on Thursday May 10, 2018 @09:42PM (#56592524)
    Symantec is still around? I remember the days in which if you wanted to fix a computer, the first thing was 'uninstall Norton antivirus' ðY
    • by AHuxley ( 892839 )
      https://www.symantec.com/conne... [symantec.com]
      Could it be that the AV fixed some computers too good?
    • I had to do that last year to fix a point-of-sale machine for a friend. So sad. So so sad.

  • Don't you just love it when the extreme abbreviation required for headlines makes it ambiguous and it takes you three or more reads to figure out what they meant? Or am I the only one who was confused by this one? In my defence, as a non-American, I'm not that used to "tank" as a verb. Verbing weirds language.

    • I think it might be a cultural/country thing. As a US citizen (but also as a person who is into finance) the headline made sense to me. When a stock goes down a noticeable amount, 'plummets' or 'tanks' are often the verbs used to describe it.

  • ...it is tied to a security concern and/or breach.
  • Symantec revoked our SSL cert last week. It didn't expire. They didn't ask. They just published a revocation and suddenly, unexpectedly, our web site could not be reached.

    They can burn.

  • My experience working at Symantec (damn near 20 years ago) was that the Gen-X'ers in management were taking 3 hour lunches at Olive Garden while spending the rest of their time in the office chatting about their personal lives rather than doing any actual work. The IT department was a room that the neckbeards tried to keep the door closed to, while the Gen-X'ers detested the obese ragged appearance of the techs (little has changed in that regards today.)

    My experience in IT at a place that used the corporate

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