Computer security provider Symantec Corp. said on Thursday it would acquire Axent Technologies Inc. in a stock swap worth $975 million, accelerating its move into the market for large business system security. . . .
Computer security provider Symantec Corp. said on Thursday it would acquire Axent Technologies Inc. in a stock swap worth $975 million, accelerating its move into the market for large business system security.

"Today's announcement is a major step forward in aggressively implementing our enterprise strategy," John Thompson, Symantec chairman, president and CEO, said in a statement. "Together we will span the needs of all customers from emerging businesses to the largest enterprises. We expect the combination to deliver robust revenue growth over the next several years."

However, in Thursday's tanking market, where the Nasdaq Composite Index was down more than 106 points, Symantec investors were skittish about a deal that executives said will be dilutive to earnings in the short term.

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