OK. So anti-trust lawyers would have a field day but consider this -- the software giant is on an official spending spree and this is the best time to spread its wings ... to become the Coca-Cola of the IT industry.
A senior Veritas Software executive has given strong indication that its products and accompanying brands should remain intact despite an impending change in ownership.
Symantec's rivals are attempting to rain on the security firm's parade by predicting problems with the recently announced Veritas merger.
In a long-rumoured move, security software maker Symantec said Thursday that it will buy storage specialist Veritas Software in a deal worth roughly US$13.5 billion.
Oracle has offered to purchase rival BEA Systems for US$17 per share, a total of about US$6.66 billion in cash -- but BEA rejected the offer as too low.
Veritas Chief Executive Gary Bloom took pains to explain why he believes his company's acquisition by Symantec makes sense.
In the flat enterprise software market, the message is clear: It's time to hunt or be hunted.
OK. So anti-trust lawyers would have a field day but consider this -- the software giant is on an official spending spree and this is the best time to spread its wings ... to become the Coca-Cola of the IT industry.
Supersize me. If technology companies ranging from software powerhouse Oracle to fast-growing Net hotshot Skype could share a motto, it would be that oft-ridiculed fast-food pitch.
The Oracle antitrust trial isn't the only thing that's throwing PeopleSoft off track these days, according to financial analysts.
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