Featured Articles

Apple announces its Apple Watch

Apple announces its Apple Watch

Apple has finally unveiled its eagerly awaited smartwatch and surprisingly it has dropped the "i" from the brand, calling it simply…

More...
Skylake 14nm announced

Skylake 14nm announced

Kirk B. Skaugen, Senior Vice President General Manager, PC Client Group has showcased Skylake, Intel’s second generation 14nm architecture.

More...
Apple officially announces 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus

Apple officially announces 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus

The day has finally come and it appears that most rumors were actually spot on as Apple has now officially unveiled…

More...
CEO: Intel on target for 40m tablets

CEO: Intel on target for 40m tablets

Intel CEO Brian Krzanich just kicked off the IDF 2014 keynote and it started with a phone avatar, some Katy Perry…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 26 July 2012 09:33

Symantec fires CEO

Written by Nick Farrell



Falling short of great expectations 


Security outfit Symantec has decided that after 19 years with the company its CEO, Enrique Salem is no longer a good fit. Salem has been replaced by Chairman Steve Bennett who will keep his Chairman's hat too.

Salem had been with the company for 19 years and was CEO for the past three years. Symantec says that his exit was not because of a particular event or any impropriety, but that the company had healthy assets and is "underperforming against the opportunity."

Apparently the board was upset that its fiscal first-quarter net income fell 10 per cent because of restructuring costs and a stronger dollar. Symantec also spent more investing in net technology. Bennett is better known as the former president and chief executive officer of Intuit.  When he ruled Intuit the company  grew and expanded into new markets, such as online banking and healthcare.

Symantec earned $172 million in the April-June period which was better than the $1.65 billion that Wall Street expected. However this quarter, Symantec is predicting a revenue of $1.64 billion to $1.67 billion. Analysts are expecting revenue of $1.69 billion.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments