Symantec gets extended Hotmail pact
Date: March 07, 2005Source: CBS.MarketWatch.com
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The agreement extends the pact, originally struck in November 2002, under which Microsoft uses software from the Cupertino, Calif., security software provider to help combat unwanted junk e-mail messages sent to users of the Internet-based e-mail service.
Symantec, which makes the popular Norton brand of antivirus and security software, saw its stock climb 26 cents, or over 1 percent, to close at $21.74 following the news. Microsoft's shares eased 3 cents to end at $25.20.
The companies did not disclose financial terms of the agreement.
The software aims to detect and filter out the unwanted messages before they can be delivered to the individual mailboxes of Hotmail users.
"Our customers' protection and safety remains a top priority for MSN and we continue to invest in a range of technologies and solutions to help protect them from issues including spam," Kevin Doerr, an executive with Microsoft's Hotmail unit, said.
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