Symantec may split into separate security and storage businesses

From PC World: Taking a cue from Hewlett-Packard and eBay, Symantec is said to be in talks to carve out the company into two entities.

One of the entities will focus on storage while the other will address the security business, reported Bloomberg, citing people who asked not to be identified because the conversations are private.

An announcement of the split, which is supported by CEO Michael Brown, could be made in a few weeks, according to the report.

Symantec’s spokeswoman Kristen Batch said via email that the company does not comment on rumors.

Brown, who was Symantec’s interim president and CEO since March this year, was appointed last month to the CEO position. After he took over, Symantec has returned to year-over-year revenue growth and has consistently exceeded its revenue and operating margin guidance, the company said. Symantec had in March fired its former CEO and president Steve Bennett, the second CEO to go in less than two years.

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