Symantec investor pushing for split

Tuesday - 11/9/2010, 10:16am EST

An activist investor is reportedly building an investment stake in an attempt to break up a security software company. The Wall Street Journal cites unnamed sources, saying that Relational Investors wants Symantec to split into a security business AND a data storage business. The San Jose Business Journal reports that Symantec has been the focus of speculation since Intel bought McAfee for more than seven-and-a-half billion dollars. The data storage and management software side of the Symantec business came five years ago when it bought Veritas Software for thirteen-and-a-half billion dollars.

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