SYMC

Symantec Symantec shares closed down about 10% on Monday after initially trading down 17%. Rumors have swirled with regard to the negotiations between Symantec and Broadcom regarding the latter’s attempt to buy the former. Information has been that Symantec has a minimum price in mind of $28/share and that Broadcom, after some additional due diligence,…

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Medallia (MDLA) Medallia has announced the pricing of its IPO today, and at the top of the contemplated range, the enterprise value is about $2.2 billion. Medallia’s most recent reported quarter, which shows results through 4/30, had revenues increasing by 33% to $93 million. As noted in my article on Medallia, that results indicated significant…

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It has been reported today that Broadcom is in advanced talks to acquire Symantec. Symantec shares have appreciated about 20% and are now trading at just above $26. If a deal is consummated at that level it will cost Broadcom almost $20 billion, including the value of the debt that would be assumed.  That is…

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We have elected to sell our position in Symantec (414 shares) at the opening price of $26.75. Symantec shares have underperformed over the last year or so. The shares rallied to $32.50 in mid-summer but have now declined to their level as of last January. Symantec has been downgraded based on ambivalent channel checks by…

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