Thread regarding Symantec Corp. layoffs

Forbes: The Demise Of Symantec

https://www.forbes.com/sites/richardstiennon/2020/03/16/the-demise-of-symantec/#79c4a6755fc7

"Now that Symantec has effectively left the field which vendors are stepping in to fill its role? Cisco and Palo Alto Networks are the remaining large acquirers. But it appears that we are entering a new era of Private Equity taking on the role of fueling growth by acquiring promising technology companies. The trouble with Private Equity is that they lack strategy. Much like Broadcom, which is in essence a PE play, they look to financial gimmicks to turn a quick return on investment.

The cybersecurity industry is not prone to cash-cows that can be bled of profits to pay down debt financing. Cybersecurity is driven by innovation, channel development, and customer growth. Private Equity has yet to demonstrate it knows how to do any of those things."

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Olde News....tell us something we don’t already know.

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