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Symantec doesn't plan another big acquisition

Company still willing to consider prospective buys, but future deals will be smaller, CEO says.

Symantec Chief Executive John Thompson said on Tuesday that he doesn't plan to make another large acquisition, pointing to the July 2005 purchase of Veritas Software for about $10 billion. Instead, he said, future deals are more likely to be the size of Altiris or smaller. That transaction closed in April and was valued at about $970 million.

"You should expect us to do things that are more like that," he told a small group of reporters at a roundtable discussion with company executives in New York. "That's certainly the benchmark of a deal that we think very highly of." He said that there are no active deals under consideration. "Having said that, we are a very acquisitive company," he added.