Symantec Vexed by Veritas

Symantec's(SYMC Quote) $13.5 billion acquisition of Veritas 18 months ago continues to haunt the security giant -- and Wall Street continues to say, "We told you so."

The Cupertino, Calif., security software maker cut its profit and sales outlook for the fiscal third quarter Tuesday, blaming the miss on the weak performance of its data center management business, which largely comprises Veritas products.

For the third quarter, Symantec now expects revenue of $1.29 billion to $1.31 billion, down from its earlier guidance of $1.31 billion to $1.34 billion. Adjusted revenue will probably be $1.30 billion to $1.32 billion, again lower than its previous outlook. Symantec also lowered its outlook for the fiscal fourth quarter. ...