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Symantec Counters CyberMedia Allegations

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Symantec’s president and chief executive accused Santa Monica-based CyberMedia, a software developer, of suing his firm to stem market-share losses. Gordon Eubanks officially denied CyberMedia’s charges that Cupertino-based Symantec stole trade secrets and computer codes and used them in its Norton Uninstall Deluxe program. In a lawsuit filed last week, CyberMedia outlined similarities between that product and its own offering, UnInstaller. Both products are used to remove software programs from computer hard drives. CyberMedia Vice President Bob Davis said his company stands by the claims in its lawsuit. In Nasdaq trading, Symantec shares fell 69 cents to close at $24, and CyberMedia shares fell 6 cents to $6.94.

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