Symantec Spins Off Web Tools Unit to Focus on Core Business.By Siobhan Kennedy
Symantec (Symantec Corporation, Cupertino, CA, www.symantec.com) A software company founded in 1982 by Dr. Gary Hendrix. It was acquired by Gordon Eubanks in 1984 and released its Q&A file manager the following year. In 1990, it merged with Peter Norton Computing, Inc. Corp yesterday announced plans to spin off its internet tools business in a bid to better focus on its core security and remote access products. The move, the first restructure under the company's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of two months, John Thompson John Thompson is the name of:
Thompson, city (1991 pop. 14,977), central Man., Canada, on the Burntwood River. A mining town, it developed after large nickel deposits were discovered in the area in 1956. told ComputerWire. Thompson, who joined Symantec from IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) in April, said that when he joined the business was essentially divided up into three units: internet tools; remote access; and productivity and security. "My sense was that a lot of the value was captured inside those units and we would be better served if we freed them up to compete independently in their own markets," he said. The network tools division was operating as a self contained, integrated unit in its own right, Thompson said, with its own development, product management, marketing and sales divisions. That's in contrast to the other two divisions, which were only responsible for their own marketing a nd sales; and in many cases to joint customers. "Because of that, we felt they should be the core of what Symantec is," he said.
By spinning off the tools business, Thompson said it would also give the unit a better chance to run at a faster pace in the increasingly competitive web tools space, which Forrester Research Forrester Research is an independent technology and market research company that provides its clients with advice about technology's impact on business and consumers. Corporate facts
As regards the rest of the business, Thompson added that the aim was to more tightly integrate technology and products from the two remaining units; remote access and security. "I'm I'm
Contraction of I am.
Our Living Language Speakers of some scattered varieties of American English sometimes use I'm instead of I've or I have in present perfect constructions, as in not going to be making any organizational announcements," he explained, "the aim is to maximize the potential for using the applications across both consumer and business markets." Currently, he said, the security unit focuses on selling its Norton anti virus product into enterprises but Thompson said he saw "enormous potential" in the market for internet filtering See Web filtering and firewall. software, both for businesses and home users. "Most home users, particularly parents, these days are worrying about the suitability of certain URLs, so the logical extension is to help people filter out those unwanted sites," he said. Thompson wouldn't say whether the company would develop its own product or look for a possible acquisition target adding that "we'll make an announcement when we're ready to make an announcement." On the remote access side, the CEO wouldn't say how he intends to expand Symantec's current offering - its flagship PC Anywhere remote access software, although he did say the unit's evolution would go "part in parcel" with its security products.