East Coast Tech Correspondent
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Apr 15, 2014

Exclusive: Turmoil at Symantec luring activists, buyers – sources

NEW YORK (Reuters) – The abrupt firing of Symantec Corp Chief Executive Officer Steve Bennett last month is attracting activist investors and private equity firms to the U.S. security software maker, in a development that could potentially lead to its breakup or sale, sources familiar with the situation said.

Activist investors, including ValueAct Capital, are examining the company’s prospects and may decide to build up stakes to agitate for change, the sources said. ValueAct declined to comment.

Apr 15, 2014

Turmoil at Symantec luring activists, buyers -sources

NEW YORK, April 15 (Reuters) – The abrupt firing of Symantec
Corp Chief Executive Officer Steve Bennett last month
is attracting activist investors and private equity firms to the
U.S. security software maker, in a development that could
potentially lead to its breakup or sale, sources familiar with
the situation said.

Activist investors, including ValueAct Capital, are
examining the company’s prospects and may decide to build up
stakes to agitate for change, the sources said. ValueAct
declined to comment.

Apr 14, 2014

Juniper Networks eyes sale of mobile security unit Pulse: sources

By Nicola Leske and Greg Roumeliotis

(Reuters) – Juniper Networks Inc (JNPR.N: Quote, Profile, Research, Stock Buzz), the network gear maker under pressure from activist investor Elliott Management Corp to restructure, is exploring a sale of its mobile security unit Junos Pulse, according to people familiar with the matter.

The move follows an extensive review of Juniper’s enterprise businesses and could signal a willingness by the Sunnyvale, California-based company to shed more non-core assets, in line with recent calls by some of its activist shareholders.

Apr 11, 2014

Issuers, bankers take a step back as investors get choosy

April 11 (Reuters) – Ally Financial Inc wanted the
U.S. government sell its entire 36.8 percent stake in the auto
lender on Thursday, but the IPO market wouldn’t cooperate so it
had to settle for less.

It’s the kind of calculation that many issuers and their
bankers are increasingly having to do as they watch the mood in
the market change to caution from exuberance, to selective
interest in high-quality companies from enthusiasm for just
about any hopeful entity that stumbled onto an exchange.

Apr 10, 2014

BlackBerry may consider exiting handsets, eyes investments

NEW YORK (Reuters) – BlackBerry Ltd would consider exiting its handset business if it remains unprofitable, its chief executive officer said on Wednesday, as the technology company looks to expand its corporate reach with investments, acquisitions and partnerships.

“If I cannot make money on handsets, I will not be in the handset business,” John Chen said in an interview, adding that the time frame for such a decision was short. He would not be more specific, but said it should be possible to make money off shipments of as few as 10 million a year.

Apr 4, 2014

Symantec to hire bank for advice, activism defense -sources

NEW YORK, April 4 (Reuters) – Antivirus and security
software maker Symantec Corp, which recently fired its
chief executive amid declining sales and fierce competition, is
in the process of hiring banks to help advise on strategy and
defend against possible activist investors, according to several
people familiar with the matter.

The $14 billion company, known for its Norton antivirus
software, has been interviewing top Wall Street banks in recent
weeks including JPMorgan Chase & Co, Goldman Sachs Group
Inc and Morgan Stanley, the people said on Friday.

Apr 4, 2014

Exclusive: Symantec to hire bank for advice, activism defense – sources

NEW YORK (Reuters) – Antivirus and security software maker Symantec Corp, which recently fired its chief executive amid declining sales and fierce competition, is in the process of hiring banks to help advise on strategy and defend against possible activist investors, according to several people familiar with the matter.

The $14 billion company, known for its Norton antivirus software, has been interviewing top Wall Street banks in recent weeks including JPMorgan Chase & Co, Goldman Sachs Group Inc and Morgan Stanley, the people said on Friday.

Apr 3, 2014

Exclusive: Boeing explores purchase of Mercury Systems – sources

NEW YORK (Reuters) – Boeing Inc (BA.N: Quote, Profile, Research, Stock Buzz) is considering buying Mercury Systems Inc (MRCY.O: Quote, Profile, Research, Stock Buzz), a supplier of digital signal and image processing systems to the aerospace and defense industry, according to two people familiar with the matter.

Mercury, which has a market value of roughly $440 million, offers big data processing systems, software and services to companies including Boeing, Lockheed Martin Corp (LMT.N: Quote, Profile, Research, Stock Buzz), Northrop Grumman Corp (NOC.N: Quote, Profile, Research, Stock Buzz) and Raytheon Co (RTN.N: Quote, Profile, Research, Stock Buzz).

Apr 3, 2014

Boeing explores purchase of Mercury Systems – sources

NEW YORK (Reuters) – Boeing Inc (BA.N: Quote, Profile, Research) is considering buying Mercury Systems Inc (MRCY.O: Quote, Profile, Research), a supplier of digital signal and image processing systems to the aerospace and defence industry, according to two people familiar with the matter.

Mercury, which has a market value of roughly $440 million (265 million pounds), offers big data processing systems, software and services to companies including Boeing, Lockheed Martin Corp (LMT.N: Quote, Profile, Research), Northrop Grumman Corp (NOC.N: Quote, Profile, Research) and Raytheon Co (RTN.N: Quote, Profile, Research).

Mar 28, 2014

Candy Crush brings IPO market back to earth

NEW YORK (Reuters) – In the weeks leading up to the IPO of King Digital Entertainment, the company’s bankers scrambled to persuade investors that the maker of popular online game “Candy Crush Saga” was more than a one-trick pony, according to a source familiar with the situation.

As the debut approached this week, the bankers’ job only got harder. On Tuesday, Facebook Inc said it would pay $2 billion for Oculus VR, a two-year-old virtual reality startup that has yet to put a product on the market. Facebook CEO Mark Zuckerberg described the deal as the social media giant’s desire to bet on “the platforms of tomorrow.”