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EMC Corp. knows data storage is a growth sector

Posted Mar 30th 2009 4:40PM by Joseph Lazzaro (RSS feed)
Filed under: EMC Corp (EMC), Stocks to Buy

It goes without saying that, in a recession the financial community can really overdo it on the downside, with certain stocks, and EMC Corp is in that category.

EMC Corp. (NYSE: EMC) is a major player in network storage and security, and when the recession hit, Wall Street adjusted downward corporate IT spending estimates, and of course took EMC's shares down with it. Shares plunged from a pre-recession high of about $25 to lows around $8 -- way oversold. Talk about haircuts!

Continue reading EMC Corp. knows data storage is a growth sector

Symantec bolsters defenses with Vontu purchase

Posted Nov 6th 2007 12:57PM by Tom Barlow (RSS feed)
Filed under: Deals, Internet, Symantec Corp (SYMC), Technology

Internet security company Symantec (NASDAQ: SYMC) today announced its purchase of Vontu for $350 million. Vontu's information security products and processes will aid Symantec in carving out a larger position in data security.

Symantec has traditionally focused on the gate-keeping aspect of security, while Vontu has been a leader in safeguarding the data inside the gate. This includes managing the wetware - establishing and maintaining policies to guide the worst security exposure, human beings, in their use of data. Vontu has also aggressively pushed to address rapidly evolving technologies such as iPods, Blackberries and thumb drives as possible avenues of data leakage.

The purchase seems well timed, in light of growing public concern (and legal suits) about data loss. It positions Symantec nicely as a turnkey solution for companies frantic to lock down their operations before they become the next public punching bag for their libertine handling of confidential info. Nothing drives business like a little fear.

The sale is scheduled to be completed by the end of 2007. Symantec expects the purchase to dilute 2008 earnings by $0.02 per share.

Symbol Lookup
IndexesChangePrice
DJIA-154.4810,309.92
NASDAQ-37.612,138.44
S&P 500-19.141,091.49

Last updated: November 28, 2009: 10:00 AM

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