(1888PressRelease)
June 15, 2009 - Shares of security software maker Symantec Corp. bucked the recent downward trend for the Nasdaq, rising after a briefing with analysts the day before seemed to reassure Wall Street.
“Borsa Financial” assured investors that Symantec’s margins throughout the fiscal 2010 would remain promising and are rumored to be investing heavily in growth expected to materialize the following year.
Those investments stem from Symantec's focus on sales to small and medium-sized businesses, and its expansion of on-demand products, or those made available via subscription on the Internet.
“Michael Lissberg”, an analyst covering Symantec for “Borsa Financial”, told clients that the company `is strongly positioned in the netbook segment, shipping on eight of the top ten netbook manufacturers. `
Lissberg from Borsa, also mentioned that Symantec does not see Microsoft's recent announcement that it will make its "Morro" antivirus software financially freely available as much of a threat.
In addition, Symantec said it's well-positioned for the growth of so-called netbook computers, the increasingly popular, pared-down devices designed to be more affordable than traditional notebook models.
"Ultimately it's not the value of the hardware that matters," Symantec Chief Executive Enrique Salem said at the event, "It's the value which you put on the PC."
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