Skip to Content »

Wireless Federation » archive for 'Symantec'

Symantec sees Q1 profit fall to 95 mln

  • July 30th, 2007
  • 2:38 pm

Symantec has reported GAAP revenue of USD 1.40 billion for Its Q1of fiscal year 2008 ending 29 June. GAAP deferred revenue for the current June quarter was USD 2.66 billion, up 15 percent from USD 2.31 billion in the year-earlier period. GAAP net income was USD 95 million, down 6 percent vs USD 101 million. Diluted earnings per share of USD 0.10 were flat vs the year-earlier period. Profits for the quarter were impacted by a USD 19 million restructuring charge related to the reduction in force announced in February and further facilities consolidation activities.

For the September quarter, Symantec estimates GAAP revenue to be between USD 1.35 billion-1.38 billion. The company expects GAAP diluted earnings per share to be between USD 0.07-0.09 and GAAP deferred revenue is expected to be in the range of USD 2.53 billion-2.58 billion. For the September 2007 quarter, Symantec expects cash flow from operating activities to be below the September 2006 quarter cash flow from operating activities of USD 276 million.

   

Symantec, Huawei to set-up telecom security tools jv

  • May 23rd, 2007
  • 9:25 am

Global security solutions developer Symantec and China-based telecom equipment manufacturer Huawei Technologies are forming a joint venture company. The new company will develop and distribute security and storage appliances to global telecommunications carriers and enterprises. The new company will be headquartered in Chengdu, China, with Huawei owning 51 percent of the joint venture and Symantec owning 49 percent. Huawei will contribute its telecommunications storage and security businesses including its integrated supply chain and integrated product development management practices. Additionally, the new company will have access to Huawei’s intellectual property (IP) licenses, research and development capabilities, manufacturing expertise and engineering talent, which includes more than 750 employees. Symantec will contribute some of its enterprise storage and security software licenses, working capital, and its management expertise into the new company. Symantec will also contribute USD 150 million toward the joint venture’s growth and expansion. The joint venture is expected to close late in the calendar year, pending required regulatory and governmental approvals.

   

Symantec to launch Windows Mobile security suite

  • May 18th, 2007
  • 12:29 pm

While the security firm already has a mobile antivirus product, Symantec Mobile Security Suite 5.0 will include antivirus, firewall, data encryption and an enterprise management console for IT administrators.

The suite, due for release in May, will also offer an add-on to let users connect to corporate networks through IPSec VPN tunnels, and network access control so IT administrators can make sure that only the right devices are connecting to the corporate network.

Administrators will be able to use the suite to enable or disable Bluetooth, Wi-Fi and device syncing, and verify whether or not the device’s security applications have been tampered with.

The issue of mobile security has proved controversial in the past with accusations that mobile threats are over-hyped.

A consumer version of the enterprise Mobile Security Suite, called Norton Mobile Security, will also be released in May and will include many of the enterprise version’s elements, with the exception of its VPN capabilities.