CUPERTINO, Calif. - May 10, 2000 - Symantec Corporation (Nasdaq: SYMC) today announced the opening of an office in Prague to provide Internet security solutions and services to individuals and companies in the Czech and Slovak Republics. The new office is Symantec's fourth in Eastern Europe. Symantec also received the official registration of its office in Budapest, Hungary, to complement the facilities in Moscow and also Warsaw, Poland, which opened at the end of 1999.
The Eastern Europe economy is strengthening and has tremendous potential," says Giuseppe Verrini, Symantec's vice president Europe, Middle East and Africa. "The new office in Prague is the first of several we plan to open in Europe during the course of the year."
"With the European Union associating countries in Central Eastern Europe, Symantec is intensifying its activities in this region", says Igor Levin, regional manager, Sales and Marketing, Eastern Europe. "Together with our existing partners, local offices will be able to meet the special needs of our customers in these countries."
Symantec's Europe, Middle East and Africa region generates more than $200 million a year in revenues and grew 24 percent in the first quarter of 2000.
Symantec is the world leader in providing solutions to help individuals and enterprises assure the security, availability, and integrity of their information. Headquartered in Cupertino, Calif., Symantec has operations in more than 40 countries. More information is available at www.symantec.com.
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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, new security threats, 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 2, 1999.