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99

Symantec

Symantec's consumer antispam and antivirus business is thriving, pushing up revenues 38%, to $2.6 billion in the company's 2005 fiscal year, ended Apr. 1. Net income rose 44%, to $536 million. But investors remain unsettled as two concerns weigh on the stock: Microsoft's entry into the antispam market by yearend and Symantec's proposed $13 billion union with storage-software maker Veritas.

Since news of the prospective merger leaked last December, Symantec's stock has nose-dived more than 40%, hitting a low of $18.01 on Apr. 27. It has since made up about 25% of the drop but is still well below pre-deal norms. Investors worry that the slower-growing Veritas will drag down Symantec's 30%-plus revenue growth of recent years. But if CEO John Thompson can pull off the merger, the combined company will be the third-largest software company in the world and the leader in data-storage and security software.

Company Info

STOCK INFO SYMC
Revenues* $2.6 BILLION
Revenue Growth 38.1%
Return on Equity 14.5%
Total Return-1.5%
Profits* $536.2 MILLION
Industry SOFTWARE
CORPORATE WEB SITE
All figures are for the most recent available 12 months.

* Latest available data for the 12-month period ended Dec. 31, Jan. 31, Feb. 29, Mar. 31, or Apr. 30. For companies that do not report quarterly, the most recent annual data were used.


Data provided by Standard & Poor's Compustat, BusinessWeek

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Company Snapshot

Symantec Corporation provides software, appliances, and services that help individuals, small and mid-sized businesses, and large enterprises to secure and manage their information technology (IT) infrastructure. The company operates in five segments: Consumer Products, Enterprise Security, Enterprise Administration, Services, and Others. The Consumer Products segment focuses on delivering its Internet security and problem-solving products. Its products include Norton AntiVirus, Norton Internet Security, and Norton SystemWorks. These products feature LiveUpdate, which enables users to download security updates, including virus definitions, firewall rules, URL databases, and uninstall scripts. Enterprise Security segment provides security solutions for various tiers of a network, including at the gateways between the network and the outside world, at the servers and at end-user devices, including desktop personal computers, laptops, and handhelds. Its solutions include virus protection and content filtering, firewall and virtual private networking, intrusion prevention, and security management. Enterprise Administration segment offers open and modular products and services. Its products include Symantec Ghost enterprise edition, pcAnywhere, the ON iCommand product family, V2i Protector, PartitionMagic Pro, VolumeManager, and ServerMagic for NetWare, and original equipment manufacturer Factory Solutions. Its solutions are used to optimize the security and availability of its customers’ information. The Services segment provides information security solutions that incorporate technology, security practices, and global resources to help enable e-business success. Its services include Symantec Managed Security Services, Symantec Consulting Services, and Symantec Education Services. Through these services, it delivers security assessments, planning and implementation, solutions for security management and response, and knowledge transfer to develop internal security skills. Others segment comprises sunset products. The company offers its products through direct sales force, distributors, corporate resellers, value-added resellers, and system integrator channels primarily in North America, Europe, Japan, and Australia. As of July 21, 2004, the company had operated approximately in 35 countries. Symantec Corporation was founded in 1982 and is headquartered in Cupertino, California.

No. of Employees

5,300


Data provided by Capital IQ
John W. Thompson

John W. Thompson

AGE: 55

Titles

Chairman of the Board and Chief Executive Officer

CEO Bio >

Total Compensation*

$2.7 MILLION

Total Value of Options**

$214.4 MILLION

Degrees Held

Florida A & M University (Bachelor's Degree), MIT Sloan School of Management (Master's Degree)

* Latest available fiscal year
** The sum of the net value of options exercised and held in the latest available fiscal year

Key Executives

John W. Thompson, John Schwarz, Michelle Amery, Janice Chaffin, Robert A. Clyde, Art Courville, Mark E. Egan, Donald E. Frischmann, Dieter Giesbrecht, Ajei Gopal, Thomas W. Kendra, Steven Messick, Greg Myers, Cecil Perez, Rebecca Ranninger, Enrique T. Salem, Vince Steckler, Takahiro Sugiyama, Giuseppe Verrini

Board Members

John W. Thompson, Tania Amochaev, Robert S. Miller, George Reyes, Daniel H. Schulman, Akihiko Narita, William T. Coleman, David L. Mahoney, Franciscus Lion


Data provided by Capital IQ
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