CUPERTINO, Calif. -- April 29, 1997-- The board of directors of Symantec Corporation (Nasdaq: SYMC) today authorized the repurchase of up to 1,000,000 shares of Symantec common stock. The shares will be used for Employee stock purchase programs and option grants. Symantec has approximately 55 million shares outstanding.
This press release contains forward-looking statements. There are certain important factors that could cause results 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, such as Windows 95 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 March 29, 1996 and the Company's quarterly report on Form 10-Q for the fiscal quarter ended December 27, 1996.
About Symantec Corporation
Symantec Corporation develops, markets, and supports a complete line of application and system software products designed to enhance individual and workgroup productivity as well as manage networked computing environments. Platforms supported include IBM personal computers and compatibles, Apple Macintosh computers as well as all major network operating systems. Founded in 1982, the company's global operations span North America, Europe, Japan and several fast growing markets throughout Asia Pacific and Latin America. Information on the company and its products can be obtained by calling (800) 441-7234 toll free or (541) 334-6054.
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