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Symantec's battle with Microsoft -- Is it just whining?

Symantec Corp (NASDAQ: SYMC), and its main competitor McAfee Inc (NYSE: MFE), are complaining that the new Microsoft Vista operating system will cause consumers to use the software giant's security application instead of their software offerings. Both smaller software makers have been in talks with the Justice Department and the European Union, where Microsoft Corp (NASDAQ: MSFT) already has antitrust problems.

Wall Street is not buying the whining at Symantec. The company's stock rose 36% last quarter to $21.28. The company's primary product, Norton, is already the premier brand in consumer security software and has the largest market share.

Symantec's revenue has been rising rapidly for the last three fiscal years and in the year ending March 31, 2006, revenue rose to over $4.1 billion compared to just under $2.6 billion the previous year. In the June quarter, the company had revenue of $1.259 billion and operating income of $134 million. The company's strategy was recently praised in Barron's and Wall St. has every reason to be thrilled with the company's performance.

Symantec doth protest too much, methinks.

Douglas McIntyre is a partner at 24/7 Wall St.

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Last updated: December 05, 2008: 08:42 AM

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