Symantec CEO says outlook cautious on economic worries

Wed Oct 24, 2007 5:11pm EDT
 
[-] Text [+]

SAN FRANCISCO, Oct 24 (Reuters) - Symantec Corp (SYMC.O) Chief Executive Officer John Thompson said the software security maker gave a cautious outlook for the current quarter as U.S. consumers, concerned about the economy, may delay purchases.

"People don't feel they have as much disposable income," Thompson told Reuters in an interview after the company announced fiscal second-quarter results on Wednesday. "The choice to buy another software product or add to the PC they have will be somewhat limited." (Reporting by Philipp Gollner)

 

Companies In This Article

commentary

An investor uses his mobile phone at the Dubai Financial Market December 1, 2009. REUTERS/Mosab Omar
Is Dubai bad news for the rest of us?

Financial markets went down on Dubai because they have become addicted to moral hazard and anything that doesn't conform with the idea that all shall be bailed out is scary.  Commentary