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Actionable news in SYMC: Symantec Corporation,

Enterprise Tech Firms Are Desperate to Buy Their Way to Growth

Corporate IT spending growth is minimal, and a growing portion of the money that is being spent is going to hungry upstarts and cloud app and service providers. Combine that with large cash balances, mostly low industry valuations and still-reasonable interest rates, and you have very good conditions for heightened M&A activity among larger enterprise IT firms hungry to improve their growth profiles.

Monday brought us two more large deals involving acquirers struggling to grow amid tough direct and indirect competition. Symantec (SYMC) announced it's buying ID...


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