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Norton
Broadcom to Acquire Symantec Enterprise Security Business for $10.7 Billion in Cash
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<blockquote data-quote="Burrito" data-source="post: 828705" data-attributes="member: 72439"><p>Yeah, the Symantec name will probably go away for the consumer/small business company. As stated, it will probably just be 'Norton Lifelock.'</p><p></p><p>The two business entities will share patents and the global threat network.</p><p></p><p>The consumer/small business portion of the company brought in more revenue than the enterprise portion brought in. So the purchase price indicates that the remaining company has significant value. The sale price of $10B+ just for the enterprise element demonstrates the value of the asset. For comparison, Webfroot which actually had more consumer customers at that time was sold in whole for $619M (Verse $10B just for Symantec enterprise).</p><p></p><p>For Clarity--</p><p></p><p>-The consumer/small business element has greater revenue and profit than the enterprise element. And it has greater projected revenue and profit. </p><p></p><p>As I indicated in this forum previously, there was instability because Symantec wanted to be purchased. Symantec's self-sale mode was a byproduct of the distorted American capitalism model. The sell of itself created a huge windfall for key execs and investors. They all got a big payoff. Carbon Black is now reportedly trying to sell itself.... and again, the big investors and key execs want a big payday.</p><p></p><p>The way this all went down was one of the few ways that the consumer Norton products could survive and do well. </p><p></p><p>There will be an initial layoff of employees. So this is obviously not good.</p><p></p><p>But overall, for Norton users -- this is good news. The enterprise business was the laggard and was projected to not do so well because of the multitude of market entrants. The consumer business is now rid of it... and can move on.</p></blockquote><p></p>
[QUOTE="Burrito, post: 828705, member: 72439"] Yeah, the Symantec name will probably go away for the consumer/small business company. As stated, it will probably just be 'Norton Lifelock.' The two business entities will share patents and the global threat network. The consumer/small business portion of the company brought in more revenue than the enterprise portion brought in. So the purchase price indicates that the remaining company has significant value. The sale price of $10B+ just for the enterprise element demonstrates the value of the asset. For comparison, Webfroot which actually had more consumer customers at that time was sold in whole for $619M (Verse $10B just for Symantec enterprise). For Clarity-- -The consumer/small business element has greater revenue and profit than the enterprise element. And it has greater projected revenue and profit. As I indicated in this forum previously, there was instability because Symantec wanted to be purchased. Symantec's self-sale mode was a byproduct of the distorted American capitalism model. The sell of itself created a huge windfall for key execs and investors. They all got a big payoff. Carbon Black is now reportedly trying to sell itself.... and again, the big investors and key execs want a big payday. The way this all went down was one of the few ways that the consumer Norton products could survive and do well. There will be an initial layoff of employees. So this is obviously not good. But overall, for Norton users -- this is good news. The enterprise business was the laggard and was projected to not do so well because of the multitude of market entrants. The consumer business is now rid of it... and can move on. [/QUOTE]
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