Marina del Rey, Calif --December 2, 1998-- Quarterdeck Corporation (OTC:QDEK) announced today that it plans to hold a special meeting of its stockholders in February 1999 for the purpose of voting on the previously announced cash merger between Quarterdeck and Symantec Corporation (Nasdaq: SYMC). As previously announced, on November 16, 1998, a wholly-owned subsidiary of Symantec completed a tender offer for Quarterdeck's outstanding shares of Common Stock, and now owns more than 58 million shares, representing over 60% of Quarterdeck's outstanding Common Stock. As a result of the planned merger, Quarterdeck would become a wholly-owned subsidiary of Symantec, and the holders of the Quarterdeck Common Stock not previously acquired in the tender offer would be entitled to receive the tender offer price of $0.52 per share. The merger would be consummated shortly after the February stockholders' meeting.
Quarterdeck Corporation is a global leader in the development and marketing of PC helpware. Quarterdeck's current product line, which addresses storage management, system conflict resolution, virus protection, system updating, and enhanced access to networked information and communications resources, is marketed to both end-users and businesses via retail distribution, corporate resellers and OEMs, direct marketing channels, and the Internet. Incorporated in 1982, Quarterdeck's worldwide headquarters are in Marina del Rey, California, with its European operations based in Dublin, Ireland. Further information may be obtained by calling 800-354-3222 toll-free or 573-443-3282, by accessing Quarterdeck's Web site at http://www.quarterdeck.com, or by sending e-mail requests to firstname.lastname@example.org.
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.