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TECHNOLOGY
Symantec dives 15% on warning
The anti-virus software firm said it'll meet fiscal '04 views, but will fall short in the 1st half. Symantec will earn 38 cents a share in Q1 ending in June and 40 cents in Q2. Wall Street expected 46 cents and 44 cents respectively. Analysts suspect its corporate security products aren't meeting targets.
Server market down 5.2% in Q4
Sales fell to $12.3 bil vs. Q4 '01, but rose 15.2% vs. Q3, the best sequential gain in three years, said IDC. Sales of sub-$1,000 servers rose 14% vs. last year. And Linux-powered servers grew 41% over last year to $607 mil. IBM grew its lead 2 points to a 32.6% share on slightly higher revenue. No. 2 HP's revenue fell 17.6%. Dell, which sells mostly low-end Windows-based servers, had a 16.1 revenue jump.
Palm off on job cuts, prospects
The handheld PC maker cut about 250 jobs, or 19% of its staff, this quarter. It cut 19% at its larger Palm Solutions hardware unit, with most of those coming Thursday. In early Feb., Palm cut 18% from its PalmSource software unit, which it hopes to spin off this year. Some critics have panned Palm's new Tungsten W handheld. J.P. Morgan cut Palm ...