After the dust settles, assuming enterprise goes to Broadcom, what happens to what's left? I can't see Symantec surviving on its own, so acquisition has to be the plan. But who? Anyone want to make a guess?
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Norton+LifeLock will be called NoLock.. Oh wait nevermind... 😁
I expect Symantec consumer will be bought by Facebook or Google in the next 12-24 months. PE won't have a chance to swoop in, as after the layoffs it will be lean and mean. Remember, the Symantec name is going to Broadcom, while Norton and LifeLock are staying (nobody has mentioned a plan to rename the Symantec consumer business, so my gut tells me there won't be one). Also, both FB and GOOG have enormous consumer bases and need to rehabilitate themselves in privacy/security with Capital Hill and the White House. Whichever buys Symantec consumer will be out of the DOJ's cross hairs.
"There's more to the CBU than Norton and as a whole the CBU makes money, hence the positive operating margin."
Yes, the management plans to have a $1 Mil revenue per employee for CBU, which translates to around 2500 employees by the end of the fiscal year. Looks like they want a lot more of operating margin for themselves
Well... am I right? Am I right or am I right?
You have no more idea than I do what Broadcom was after. I do know that CBU's offerings do not synergize with what Broadcom does and appears to want to do. That fact was one of the largest critiques that analysts had of any proposed deal. Thus it's logical for them to purchase only Enterprise if they can get it.
"There's more to the CBU than Norton and as a whole the CBU makes money, hence the positive operating margin."
Thats right, but stock gets priced based on whether the business is growing or not. Lifelock has added value to CBU, so lets see the next few earnings and we will know where the company is headed.
If Norton/Lifelock was such a big cash cow that's growing, Broadcom would have paid $28 without having any doubts, but maybe you know something they don't ;)
There's more to the CBU than Norton and as a whole the CBU makes money, hence the positive operating margin.
Very good chance Norton goes to Private equity. On its own Norton is a depreciating asset (YOY basis)