Symantec to Split into Two Companies

http://dealbook.nytimes.com/2014/10/09/symantec-to-split-into-two/

by codelion • 12 years ago

29 37 12 years ago

dealbook.nytimes.com

jaguar86• 12 years ago

And they would like to nominate Oracle, IBM and Microsoft to take this challenge within the next 24 hours ...

pkaye• 12 years ago

The two company challenge.

FireBeyond• 12 years ago

Why not Apple?

w1ntermute2• 12 years ago

It's astonishing how much capital Apple is just doing nothing with. What a colossal waste.

Afforess• 12 years ago

IBM did split already. Maybe you've heard of Lenovo?

voidlogic• 12 years ago

The way I understood it, Lenovo bought the IP (and some staff) for product lines they were already building on IBMs behalf- this is hardly the same as the current situation.

jmsduran• 12 years ago

That is incorrect. IBM sold parts of its hardware business, along with employees and IP rights, to Lenovo. Years ago, IBM also sold its ThinkPad brand to Lenovo. The two companies are not exactly related to one another.

walterbell2• 12 years ago

EMC not keen on being separated from VMware, http://www.crn.com/news/storage/300074366/emc-files-muted-re...

gitah• 12 years ago

Ebay and HP also said the same thing before announcing their split.

qq66• 12 years ago

Splitting EMC and VMware doesn't make as much sense as eBay/PayPal or HP/HP, since EMC and VMware have pretty much identical customer bases. HP Consumer and HP Enterprise have of course mutually exclusive customer bases, and eBay and PayPal have some overlap but not much.

EMC is basically the brand name of VMware's storage products.

boynamedsue3• 12 years ago

Most of EMC's current value is thought to be based on VMWare. So they've always been hesitant to sell VMWare as a result.

walterbell2• 12 years ago

Apparently the VMware-Cisco SDN competition is hurting EMC-Cisco storage partnerships.

ghshephard2• 12 years ago

" HP Consumer and HP Enterprise have of course mutually exclusive customer bases"

I would have thought there was a lot of overlap. Don't people who have HP Laptops/Desktops and Printers also have HP Servers?

jvagner• 12 years ago

Who'll be the first to split and then announce that they're unsplitting, or that it was a mistake?

boynamedsue3• 12 years ago

Interesting that they're basically unwinding the acquisition of Veritas from 2004 by splitting up into two companies.

The only difference is that $11B has disappeared from the combined companies market cap in 10 years.

stock_toaster• 12 years ago

I know people who worked at symantec before, during, and after the merger, abd apparently the merger really ruined the symantec corporate culture. I heard veritas promoted a ton of people to VP level right before the merger so they could "have more voice" or something.

ghshephard2• 12 years ago

With all of these split happening in such a cluster - there is likely some economic, tax, financial or other environmental reason stimulating such activity. Anyone care to hazard a guess what it might be?

JoachimS2• 12 years ago

... Because security and information management is totally unrelated.

yougotborked• 12 years ago

IM means Products like Netbackup and Backup Exec, Enterprise vault. Which are extreemly different than security.

JoachimS2• 12 years ago

Extremely? You don't think things like backups, enterprise storage etc has any need for security mechanisms as well as information security management (policy, access control etc)?

If you do, we live on very different worlds.

Symantec to Split into Two Companies

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