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Re: Symantec Gets Crushed by Mysterious Internal Investigation Two Years after CEO & Team from Acquired Company Took Over 

By: Zimbler0 in POPE 5 | Recommend this post (3)
Sun, 13 May 18 11:02 PM | 38 view(s)
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Msg. 00961 of 62138
(This msg. is a reply to 00936 by capt_nemo)

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>>
But it sure is nice to know that analysts kept touting the acquisition, the management team, and the shares until the last moment.
>>

Anybody besides me remember Enron?
'ANALysts hyping it till just befre it went bankrupt.
Zim.

And :
>>>
The maker of Norton anti-virus software reported revenues that were up 10%, gross profits rose, and the net loss dropped to $35 million compared to $143 million in Q4 last year.
>>>

Could somebody please explain to me how a company can
have 'gross profits' and net losses at the same time?

Zim.

In the meantime . . .

>>

Symantec Corporation (SYMC)
http://finance.yahoo.com/quote/SYMC/balance-sheet?p=SYMC

The income sheet says they lost money last year.
And the retained earnings is negative the last three
years in a row . . . Getting worse each year.

(Looks like the 'Clinton Surplus' . . . sham profits
and growing deficits.)
Zim.




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Mad Poet Strikes Again.


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The above is a reply to the following message:
Symantec Gets Crushed by Mysterious Internal Investigation Two Years after CEO & Team from Acquired Company Took Over
By: capt_nemo
in POPE 5
Sun, 13 May 18 8:50 AM
Msg. 00936 of 62138

Bain Capital sold it to them.

http://wolfstreet.com/2018/05/11/symantec-crushed-by-mysterious-internal-investigation-undisclosed-problems-2-years-after-management-blue-coat-took-over/


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