Symantec's Thompson: No Vista for me

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Symantec sees a lot of cash...

... and the stock price is comparatively low.

Quoting:

"Renaissance [a well-regarded hedge fund] also owns a chunk of security software firm Symantec (SYMC - Cramer's Take - Stockpickr - Rating). The company has taken a hit over the past year because it had the right idea (buying storage firm Veritas), but the wrong execution (the integration has gone poorly). Yet the $16 billion market-cap company has almost $1.6 billion in cash flow, 25% year-over-year earnings growth, and a forward P/E of just 16, according to analysts.

Several great hedge funds own Symantec, including activist hedge fund Chapman Capital, activist Carl Icahn and deep value fund Private Capital.

http://www.thestreet.com/_yahoo/newsanalysis/stockpickr/10338396_3.html


Me, I think the decline in the stock price and the Veritas purchase arise from the fact that Symantec is in an increasingly competitive market, and the company's products are very bloated.

One of the first steps in improving pc performance is removing all Symantec products. My view.

But the investors aren't wrong, of course. There's ongoing business and even people who'll choose stodgy over efficiency gains. (Look at Mr. Thompson's response to Vista as an example.) So Symantec will always have the advantage of cash.

Posted by: Anton Philidor   Posted on: 02/13/07 You are currently: a Guest | Members login | Terms of Use

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