Wall Street Applauds Symantec CEO Change, SYMC Earnings

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http://www.thevarguy.com – Symantec today announced a CEO change and Q1 2013 earnings. The news lifted Symantec (NASDAQ: SYMC) shares more than 10 percent this morning on Wall Street. So why is Wall Street applauding the switch from CEO Enrique Salem to Intuit and GE veteran Steve Bennett? Here are some guesses. While Salem did a lot of things right for Symantec, he also stumbled a bit with the balancing act between direct sales and channel partner sales. Salem also inherited a somewhat disjointed Symantec from former CEO John Thompson. Under Thompson, the company in 2005 acquired Veritas — predicting that the sto (IT news)