Symantec Appeals Decision in Canadian Copyright Case
Cupertino, Calif --July 28, 1998-- Symantec will appeal a decision awarding damages to the defendant arising from a preliminary injunction granted in a copyright infringement case in Canada in which Symantec (Nasdaq: SYMC) was the plaintiff. The case, which involved HP3000 software, originated more than 10 years ago and Symantec inherited it with the acquisition of Delrina Corporation in 1995.
The judge awarded damages to the defendant of approximately US$5.9 million plus costs. This will be reflected in the June quarter 10Q as a one-time charge. Symantec's June quarter revenue of $153 million and earnings per share of $0.40 before one-time charges are not impacted. This case has no connection with any existing Symantec products.
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.