CEO of Sy­man­tec: Com­pany is here for the long haul

Houston Chronicle - - BUSINESS -

Sy­man­tec Corp.’s shares have slumped this year amid an in­ter­nal ac­count­ing in­ves­ti­ga­tion and wan­ing con­sumer in­ter­est in an­tivirus soft­ware for per­sonal com­put­ers. Ac­tivist in­vestor Star­board Value LP se­cured three board seats in a deal with the Moun­tain View, Calif.-based com­pany in Septem­ber. Last week, the stock surged af­ter a re­port that pri­vate eq­uity firm Thoma Bravo had ap­proached the cy­ber­se­cu­rity com­pany about a po­ten­tial takeover.

CEO Greg Clark sat down with Bloomberg Tele­vi­sion for an in­ter­view in San Fran­cisco on Thurs­day.

“We take a long view at Sy­man­tec. We are here for the long haul, and we in­vest in our tech­nol­ogy and our em­ploy­ees and our cus­tomers and some­times we get some head­lines, ru­mors and spec­u­la­tion, and our pol­icy is not to com­ment,” Clark said.

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