When all is said and done, we expect the company will likely be able to exceed its conservative forecast.
More Quotes from Gregg Moskowitz:
Frankly, we question the timing of this announcement on the heels of one of the largest mergers in the history of software,Gregg Moskowitz
Unfortunately, disappointing earnings have been a pattern for Magic Software in recent weeks. This is the fourth time in the last six months in which we have reduced our earnings-per-share estimates for the company.
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Symantec has fantastic brand awareness. Norton users won't be easily dislodged, ... We won't see a dramatic shift when Microsoft enters the business.
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For more sophisticated users, it's a small price to pay to get security that you know works from a vendor who has been doing it for 15 to 20 years. It's a different ball game for Microsoft who is not known for security.
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