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They also acquired Powerquest, maker of PartitionMagic, not sure when that was however.


2 posted on 12/17/2004 2:50:59 PM PST by Ernest_at_the_Beach (A Proud member of Free Republic ~~The New Face of the Fourth Estate since 1996.)
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To: Ernest_at_the_Beach
Rivals hope for the worst for Symantec

Rivals hope for the worst for Symantec

By Dawn Kawamoto
http://marketwatch-cnet.com.com, marketwatch-cnet.com.com/Rivals+hope+for+the+worst+for+Symantec/2100-7350_3-5494528.html

Story last modified Thu Dec 16 16:40:00 PST 2004


Looking for a cloud in Symantec's latest silver lining, competitors are hoping the company's acquisition of Veritas Software will be a stumbling block for the security company.

On Thursday, Symantec announced that it planned to merge with the storage software maker in a $13 billion deal. While Symantec has successfully integrated nearly a dozen acquisitions in the last three years, the latest merger plan has competitors hoping for the worst.

"This is the largest software acquisition in history," said Jim Geronaitis, vice president of Computer Associates International's storage management division. "And both of the companies are trying to integrate their previous acquisitions, so the new company is going to be hard-pressed to bring anything else into the organizations for some time to come."

The deal pits the resulting security and storage company against new foes and old allies. Storage company EMC, a fair-weather partner of Symantec but rival of Veritas, will compete directly with the new company in storage. IBM--a sometimes-ally, sometimes-enemy of Symantec--will be more of a direct rival because of its significant share of the storage market and recent moves in the security space.

Symantec's potential enemies predicted a tough merger for the new company.______________________________snip______________________________

3 posted on 12/17/2004 2:55:56 PM PST by Ernest_at_the_Beach (A Proud member of Free Republic ~~The New Face of the Fourth Estate since 1996.)
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