Symantec Said to Explore Split Into Security, Storage Cos

[Petrovic]

Symantec Corp. (SYMC) is exploring a breakup, according to people with knowledge of the matter, joining other large technology companies that are trying to make their businesses more focused and nimble.

The Mountain View, California-based software company is in advanced talks to split up its business into two entities, with one that sells security programs and another that does data storage, said the people, who asked not to be identified because the conversations are private. An announcement may be a few weeks away, one of the people said.

Kristen Batch, a spokeswoman at Symantec, declined to comment. The company has a market value of $16 billion.

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[frogboy]

Very interesting must follow this to see what happens.

 

[Striker]

On Thursday afternoon, giant antivirus firm Symantec announced that it would split up into two separate, publicly traded companies: one focused on security and one focused on information management. Symantec is the company that produces The Norton antivirus security suite.

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