Symantec 2008 Annual Report Download - page 87

business include: an integrated single agent to manage endpoint protection that incorporates compliance
functionality; a single solution for centralized, end-to-end management of backup environments as well as
adding data de-duplication and continuous disk-based backup capability; data protection for archiving that
includes a simple, easy-to-manage online storage option via our software-as-a-service platform; a stan-
dardized storage management solution for heterogeneous environments that simplifies data center infra-
structure; an integrated data loss prevention solution that combines endpoint and network-back technology
to prevent the loss of confidential data wherever it is used or stored; and, the integration of endpoint security
and Windows-based backup, which includes process workflow and automation functionality, based on the
Altiris web services-based architecture. In our consumer business, we delivered stronger protection against
web-based attacks as well as password and identity management tools.
• We formed a joint venture with Huawei, Technologies Co., Ltd to develop and manufacture security and
storage appliances for global telecommunications carriers and enterprise customers. See Note 5 of the Notes
to Consolidated Financial Statements in this annual report for more information.
• We completed three acquisitions during fiscal 2008, Altiris, Inc., Vontu, Inc., and Transparent Logic
Technologies, Inc. In addition, during fiscal 2009, we acquired AppStream, Inc. These acquisitions add new
products as well as enhance our product portfolio with additional features and capabilities. See Note 4 and 20
of the Notes to Consolidated Financial Statements in this annual report for more information.
• We sold the Application Performance Management (APM) business because we determined that APM was
not a focus area that aligned with our long-term strategic direction. See Note 6 of the Notes to Consolidated
Financial Statements in this annual report for more information.
• We reduced our cost structure in order to better align expenses with revenue expectations.
• We made the following key additions and changes to our executive management team:
• We announced the appointment of Enrique Salem as Chief Operating Officer responsible for product
development, sales, services, marketing and IT. Mr. Salem will be focusing on improving operations by
leveraging our broad portfolio of technology and services across the businesses, while ensuring the sales
and services teams are executing on our product initiatives.
• We realigned the enterprise product groups to improve cross product line collaboration and drive better
operating results. The enterprise product line leaders of the Security and Compliance group and Storage
and Server Management group report directly to Mr. Salem.
• Greg Hughes was named Chief Strategy Officer responsible for strategy and corporate development.
Mr. Hughes will be focusing on emerging growth areas, such as our Symantec Protection Network, our
software-as-a-service (SaaS) platform, as well as identifying and investing in new business models and
go-to-market strategies.
• We repurchased 81 million shares of our common stock for an aggregate amount of $1.5 billion.
Founded in 1982, Symantec has grown to approximately $5.9 billion in revenue in fiscal 2008, positioning
Symantec as the fourth largest independent software company in the world based on revenue. We have operations in
more than 40 countries and our principal executive offices are located at 20330 Stevens Creek Blvd., Cupertino,
California 95014. Our telephone number at that location is [phone]. Our home page on the Internet is
www.symantec.com. Other than the information expressly set forth in this annual report, the information contained,
or referred to, on our website is not part of this annual report.
For information regarding our revenue by segment, revenue by geographical area, and long-lived assets by
geographical area, see Note 19 of the Notes to Consolidated Financial Statements in this annual report. For
information regarding the amount and percentage of our revenue contributed in each of our product categories and
our financial information, including information about geographic areas in which we operate, see Item 7,
Management’s Discussion and Analysis of Financial Condition and Results of Operations and Note 19 of the
Notes to Consolidated Financial Statements in this annual report. For information regarding risks associated with
our international operations, see Item 1A, Risk Factors.
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