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Oct. 15, 2014
Silicon Valley giants divide and conquer
Size can be a liability for some tech industry giants, four of whom have opted to spin off major divisions in efforts to spur growth amid shareholder pressure.
Daily Journal Staff Writer
In December 2004, speaking about his company's $13.5 billion sale to Internet security firm Symantec Corp., Gary L. Bloom, then the chief executive of Veritas Software Corp., told a reporter that "Our customers have been looking to consolidate suppliers and eliminate complexity."
"A single company that can secure and make available all their information represents a unique value...
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