Archive for July 4th, 2008

04
Jul
08

Symantec in the Leaders Quadrant of the Magic Quadrant for Email

They have a proven track record of financial performance and established market presence. In terms of vision, they are perceived as thought leaders, with well-articulated plans for ease of use, how to address scalability and product breadth.”

“In my opinion, Symantec is in the leaders quadrant and remains the only market leader because of our ability to execute and meet the present customer demands around managing email and unstructured information effectively, so discovery is quick and complete,” said Francis deSouza, senior vice president, Symantec Information Foundation, Compliance & Security Management. “Additionally, our customers rely on Symantec with confidence in our ability to look forward to how we’ll be able to meet their next archiving need in a market that is growing so fast.”

Gartner has reported that the email archiving software market grew 33 percent in 2007 to reach $376 million and is forecasting a compound annual growth rate of nearly 36 percent until it reaches $1.72 billion by 2012.

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04
Jul
08

UPDATE 1-Textron trims profit forecast, citing finance arm

N: Quote, Profile, Research) on Friday lowered the high end of its second-quarter profit forecast, citing worse-than-expected performance at its finance arm, sending its stock down 5 percent in after-hours trading.

The world’s largest maker of corporate jets said it now expects second-quarter profit from continuing operations to come in the range of 93 cents to 98 cents per share. Previously it had forecast profit of 90 cents to $1 per share.

It said that loan-loss provisions at its finance arm would come to about $20 million in the quarter and that it would take a pretax charge of about $10 million related to a U.S. tax ruling.

Textron, which also makes products ranging from Bell helicopters to EZ-GO golf carts, maintained its full-year profit forecast of $3.80 to $4 per share, citing strong performances at its Cessna, Bell and military vehicle units.

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