Symantec adds expertise

Article Excerpt

SYMANTEC CORP. $22.95 (Nasdaq symbol SYMC; TSINetwork Rating: Average) (650-527-8000;; Shares o/s: 639.2 million; Market cap: $14.4 billion; Dividend yield: 1.3%) sells computer-security technology, including antivirus and email-filtering software, to both businesses as well as consumers. The company continues to enhance its expertise. For example, it recently paid an undisclosed sum for Luminate Security. Based in Israel, that firm makes software to protect sensitive data in cloud-based computer networks. They store files and programs on remote servers that users access over the Internet. Luminate’s technology lets those users securely connect to cloud networks from any device anywhere in the world. Symantec plans to incorporate those programs into its Integrated Cyber Defense security product. Symantec is a buy. buy. …

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