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Brier Dudley's blog

Brier Dudley offers a critical look at technology and business issues affecting the Northwest.

July 25, 2006 at 3:43 PM

Symantec downgraded, time for a hacker scare

Is it a coincidence that a new PC security scare appeared just as Wall Street started frowning on security software vendors McAfee and Symantec?

Merrill Lynch downgraded Symantec from “buy” to “neutral” today, and issued a sector report that found “overall weakness” and “erosion of security spending.”

“With a typically slower summer season closing in, we do not expect any meaningful upside demand catalysts barring an unanticipated virus outbreak or other event,” the report said.

Then voila, Symantec announced “attack code” had been released for two Windows vulnerabilities. There have been no actual attacks, according to this ominous sounding Cnet report.

Comments | More in | Topics: Security & privacy

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