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06.09.2006 - Symantec Settles One IRS Matter for $36 Million



View Symantec related news. CUPERTINO, Calif. -- Jun 09, 2006 -- Symantec Corp. (NASDAQ: SYMC) today announced that it has reached an agreement in principle with the Internal Revenue Service to settle the outstanding claim concerning the audit of the company's 2003 and 2004 fiscal years. The company expects to settle this outstanding tax obligation for $36 million, excluding interest, compared to the original IRS assessment of approximately $100 million. The company anticipates that it will finalize the settlement with the IRS by the end of June 2006.

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NID: 10878 / Submitted by: TACKtech Team
Categories: Anti-Virus, Press Release
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