Symantec (NASDAQ:SYMC) is one of the few technology companies, which controls its own destiny with respect to its share price over the next 12-18 months. CEO Steve Bennett replaced Enrique Salem in July 2012 vowing to turn the company around and dramatically improve shareholder returns -
I took this job because I believe that our assets are better than our performance. The agreement I have with the board is to create long-term shareholder value. This is my third job in a 35-year business career. This will be my last job.
Turnarounds in technology are notoriously difficult as: product cycles tend to be short, cost structures are rarely bloated, and technology managers are not experienced in turning around low...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|