1,500 Companies Say "Give Me Norton AntiVirus"
Cupertino, Calif --August 27, 1998-- Symantec (Nasdaq: SYMC) today
announced that 1,500 companies have committed to transitioning from
IBM's antivirus product to Norton AntiVirus.
Symantec launched its transition program in June shortly after
announcing its alliance with IBM to integrate antivirus technologies
and create a new Norton AntiVirus product range.
"We are well ahead of our schedule to transition IBM customers," says
Enrique Salem, vice president of Symantec's Security and Assistance
Business Unit. "We are already recognizing revenue that we had not
expected to see until later this year and in 1999. The response from
our new customers has been tremendous. We have contacted every one of
our new customers to discuss their transition to Norton AntiVirus and
the overwhelming majority of those that have not already committed to
moving to Norton AntiVirus say they fully intend to."
Commenting on the progress of Symantec's transition program, financial
analyst Alex Kotlyer of Donaldson, Lufkin & Jenrette, said: "Symantec
and IBM are very clearly making their alliance work. They are ahead of
schedule in terms of getting customers onto Norton AntiVirus and are
benefiting from the early revenue. Companies are responding to the
combination of the quality and high protection levels of Norton
AntiVirus, IBM's recommendation to move to Symantec and the smooth
transition program that Symantec has put in place."
Chris Christiansen at IDC agrees: "Symantec's alliance with IBM always
had great potential. The conversion of so many customers so quickly is
evidence that the potential is being realized. Symantec is
strengthening its position as one of the leaders in the market."
Phyllis Byrne, vice president, IBM distributed systems services at IBM
added: "We entered into this partnership to both provide our customers
an outstanding antivirus solution and to maximize the market reach of
IBM's industry-leading digital immune system technology."
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.
IBM is the world's largest information technology company, with 80
years of leadership in helping business innovate. IBM Software offers
the widest range of applications, middleware and operating systems for
all types of computing platforms, allowing customers to take full
advantage of the new era of e-business. The fastest way to get more
information about IBM Software is through the IBM Software home page
at http://www.software.ibm.com. Additional resources for the news
media may be found at http://www.ibm.com/Press.
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