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Symantec To Sell Veritas Unit

Symantec To Sell Veritas UnitVeritas has about $2.5 billion in revenue. Symantec
has been planning to spin it off as a separate entity in a move announced last
October.

Reuters noted that investor pressure has been building on legacy technology
companies such as Symantec to become more agile and capitalise on
faster-growing businesses, either through corporate break-ups or divestitures.

Symantec shares rose 2.64 percent in after-hours trading, after closing up 0.5
percent at $22.79 in regular trade.