ABOUT SYMANTEC

Press Release

LinkedIn Facebook Twitter RSS

Department of Justice Approves Symantec Acquisition of Quarterdeck

Symantec granted Hart Scott Rodino approval to proceed with transaction

Cupertino, Calif --November 4, 1998-- Symantec Corporation (Nasdaq: SYMC) announced that, effective Tuesday, November 3, 1998, the Department of Justice has granted early termination of the waiting period under the Hart Scott Rodino Act, allowing Symantec to proceed with its acquisition of Quarterdeck.Corporation,.

On October 15, Symantec announced a definitive merger agreement with Quarterdeck to purchase all outstanding shares of Quarterdeck common stock at a price of $0.52 per share. Including the assumption of Quarterdeck's outstanding debt, the total purchase price is approximately $65 million. The tender offer is scheduled to close on November 16, 1998.

About Symantec
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.

Brands and products referenced herein are the trademarks or registered trademarks of their respective holders. All prices noted are in US dollars and are valid only in the United States.

@Symantec