Josh Burwick
Long/short equity, growth at reasonable price, tech, Venture capital

Symantec: One Tech Stock That Controls Its Own Destiny On The Way To 30% Upside

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...

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