Cupertino, Calif --September 14, 1998-- In order to remove any uncertainty caused by the ongoing legal situation and through working with its channel partners, Symantec Corporation (Nasdaq: SYMC) today announced that it has removed the current version of Norton Uninstall Deluxe from Norton SystemWorks, and will ship a significantly enhanced version of Norton SystemWorks in the U.S. this week with a Bonus Pack of free software. Symantec also will discontinue shipping Norton Uninstall Deluxe.
Commenting on Symantec's actions, Jerre Stead, chairman of Ingram Micro said: "Our partnership with Symantec has never been stronger. Our companies share common values around customers and we're very pleased with the steps Symantec has taken to provide an excellent value to customers with Norton SystemWorks." Ingram Micro is the world's largest distributor of computers, software and peripherals.
Until further notice, every copy of Norton SystemWorks will be accompanied by a free Bonus Pack comprising Norton Mobile Essentials, Visual Page, WinFax Basic Addition and pcANYWHERE Express. This is in addition to the core products of Norton SystemWorks that are integrated together: Norton Utilities, Norton AntiVirus, Norton CrashGuard and a six month subscription to Norton Web Services. With the Bonus Pack, Norton SystemWorks represents a value of over $500. The estimated retail price of Norton SystemWorks is $99.
"We do not want to subject our customers and channel partners to the uncertainties of the legal process," said Enrique Salem, vice president of Symantec's Security and Assistance Business Unit. "We have taken steps to eliminate the uncertainty that surrounded the product, and we are pleased with the support that the channel has shown for Norton SystemWorks."
Symantec is complying with a temporary restraining order issued Friday, September 11 by the court. Norton Uninstall Deluxe 1.0 was developed by a third party. Symantec estimates that the revenue impact in the September quarter will be less than $5 million.
Forward looking statement
This press release contains forward-looking statements. There are certain important factors that could cause Symantec's future development efforts to differ materially from those anticipated by some of the statements made above. Among these are the anticipation of the growth of certain market segments, the positioning of Symantec's products in those segments, the competitive environment in the software industry, dependence on other products, changes to operating systems and product strategy by vendors of operating systems, and the importance of new Symantec products. Additional information concerning those and other factors is contained in the "Risk Factors" section of the company's annual report on Form 10-K for the fiscal year ended April 3, 1998 and the quarterly report on Form 10-Q for the fiscal quarter ended July 3, 1998.
Symantec is the world leader in utility software for business and personal computing. Symantec products and solutions help make users productive and keep their computers safe and reliable anywhere and anytime. Symantec offers a broad range of solutions and is acclaimed as a leader in both customer satisfaction and product brand recognition. Symantec is traded on Nasdaq under the symbol SYMC. More information on the company and its products can be obtained at www.symantec.com.
NOTE TO EDITORS: If you would like additional information on Symantec Corporation and its products, view the Symantec Press Center at www.symantec.com/PressCenter/ on Symantec's Website.