5 of 20
BACKNEXT
5. Symantec
5. Symantec
Fortune 500 rank: 353
2009 loss: $6.7 billion
Symantec may have posted record revenue of $6.1 billion in 2009, but the real story behind the numbers came down to a $7.4 billion charge on goodwill, brought on by a floundering economy and its decline in its market cap.

Customers continued to buy anti-virus protection during the downturn, which allowed sales to grow across all segments, but they were slow to make purchases, and the company lost market share as it battled competitive pricing.

New CEO Enrique Salem took over at the start of the fiscal year and has said he wants Symantec to become more of a presence in the small- and medium-business markets. The company had previously been acquisition-driven -- it made six buys during 2009 -- but Salem has indicated that he's going to push to better incorporate the products Symantec already has.

NEXT: 6. Chesapeake Energy

Last updated April 20 2010: 1:46 PM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
Top 50 Wal-Mart knocks Exxon Mobil out of the No. 1 slot to rule the Fortune 500 again. Which other companies made the top 50 this year? More
They're hiring!These Fortune 100 employers have at least 200 openings each, totaling more than 60,000 jobs. What are they looking for in a new hire? More
20 most profitable Fortune 500 earnings soared, despite a seemingly feeble recovery. From Exxon Mobil to Goldman, here are the biggest winners. More
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.