Symantec has been awarded $18.6 million in two federal lawsuits against distributors selling counterfeit software. The judgments were against V-Micro, based in New Jersey, and Higher Model Computer, based in Connecticut, the company announced Thursday. Symantec alleged copyright and trademark infringement and fraud against the distributors for selling counterfeit products such as Norton SystemWorks, Norton AntiVirus and pcAnywhere. — CAM
Symantec announced Tuesday that it has acquired Mi5 Networks, a private company that sells web security gateway appliances. Symantec said in a news release that it expects the combination of its email gateway and endpoint security solutions with Mi5's web gateway technology can provide protection at entry points used for malware to infect network environments. No financial details of the acquisition were made available. — CAM
Symantec on Wednesday reported third-quarter revenue of $1.51 billion, beating analyst estimates. But the security giant lost $6.8 billion, compared with net income of $132 million for the same quarter last fiscal year. The loss was mainly due to a "goodwill impairment" charge. This write-off enabled the company to claim it delivered stronger-than-expected results on all of its key financial metrics for the quarter. Shares rose about 4.5 percent. -- CAM
Symantec has partnered with Message Systems, provider of message management solutions and services, to combine their offerings into a suite of message security and management for telecommunications companies, hosting providers and ISPs. The partnership is known as the Service Provider Next Gen Initiative.