Security software rivals chip away at Symantec

Security software maker Symantec Corp.'s rivals are chipping away at its market-leading position as the company deals with the departure of two executives key to its $10.3 billion Veritas Software acquisition, a slowing consumer market, and future price cuts.

A reorganized McAfee Inc. and Trend Micro Inc. have cut into Symantec's lucrative consumer security market, forcing the company to fight for a shrinking number of opportunities in the fastest-growing segment of its business, analysts said.

McAfee has won customers by cutting deals with computer makers like Dell, while the expected entry of Microsoft Corp. into the consumer security market next year could also squeeze Symantec. Reuters Recommends News Article |

Linked by shanmuga Tuesday, 22nd November 2005 10:38PM