Symantec: There's A $5 Fine For Whining (SYMC)(MSFT)
Symantec's CEO says the security software firm could double its sales to $10 billion by 2010. He said 10% of this revenue could come from services.
Symantec is also complaining to anyone who will listen that Microsoft's new PC security software could help the world's largest software company take unfair advantage of its operating system it get a foothold in the industry. One of Symantec's latest appeals was to the European Union which has already been giving MSFT trouble's with its monopoly position on the continent.
Perhaps the CEO of Symantec should be more circumspect in his observations about the company's growth, even if he is confident about them. They undermine the argument that Microsoft is coming into the anti-virus software business with so much unfair force that it will do severe damage to Symantec's market position.
You can't have it both ways.
Douglas A. McIntyre can be reached at douglasamcintyre@247wallst.com He does not own securities in companies that he writes about.
Symantec is also complaining to anyone who will listen that Microsoft's new PC security software could help the world's largest software company take unfair advantage of its operating system it get a foothold in the industry. One of Symantec's latest appeals was to the European Union which has already been giving MSFT trouble's with its monopoly position on the continent.
Perhaps the CEO of Symantec should be more circumspect in his observations about the company's growth, even if he is confident about them. They undermine the argument that Microsoft is coming into the anti-virus software business with so much unfair force that it will do severe damage to Symantec's market position.
You can't have it both ways.
Douglas A. McIntyre can be reached at douglasamcintyre@247wallst.com He does not own securities in companies that he writes about.
posted by douglas mcintyre at 5:57 AM
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