CEO of Symantec: Company is here for the long haul
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.