“This transaction strengthens our financial foundation..."
veritas - News, Features, and Slideshows
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.
Vendor distances itself from reports that it is being pressured into exploring the sale of its storage storage unit Veritas, for as much as $8 billion.
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