Symantec cuts ties with Veritas in $US8 billion sale
“This transaction strengthens our financial foundation..."
“This transaction strengthens our financial foundation..."
Australian bank CBA has cleaned Veritas out of the clusters it uses to deliver its front office systems, opting for an Oracle-only strategy.
I just got a mysterious one-line BlackBerry message from a well-placed tech-industry figure. It was a single, terse question in the subject line, no body: “Do you think HP will make a play for Symantec? ... I do.”
Symantec has bundled a number of Veritas products together to appeal the datacentre operation market, which it believes has growth problems.
It will take some convincing for Wall Street to feel comfortable with Symantec’s US$13 billion (NZ$18 billion) acquisition of Veritas. Symantec’s stock has lost nearly half its value since the acquisition was first announced a year ago and the recent departures of former chief financial officer Greg Myers and president and chief operating officer John Schwartz have only exacerbated fears that the acquisition may prove to be more than the company can manage.
Server consolidation may be all the rage, but multiple servers are still the norm
Vertias talks up storage and management of data ahead of Symantec merger
Deal could be announced before the end of next week
Will drop its own product for KVS' Enterprise Vault
Veritas sees itself as riding an ascendancy of Windows 2000 in the enterprise market with a release of its storage management product suite for that platform.