Anti-virus vendor Symantec announced this week that it was buying backup giant Veritas for about $13.5 billion in stock. That price is about 7 times what IBM sold its PC division for, so if you were really wondering whether a niche software market was more lucrative than a 20-year-old hardware business that, in fact, started the entire PC industry, now you have your answer. What a world.
More details: http://www.symantec.com/veritas/
