Apple 1997 Annual Report Download - page 10
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Please find page 10 of the 1997 Apple annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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The Company owns its manufacturing facilities in Cork and Dublin, Ireland, and Singapore, which total approximately one million square feet.
The Company also owns a 725,000 square-foot facility in Sacramento, California, which is used as a manufacturing, warehousing and
distribution center. In addition, the Company owns 930,000 square feet of facilities located in Cupertino, California, used for research and
development and corporate functions. Outside the U.S., the Company owns additional facilities totaling approximately 400,000 square feet.
Certain of the Company's office, manufacturing and distribution facilities owned by the Company in Sacramento, California, Singapore and the
United Kingdom are currently being held for sale as part of the Company's restructuring plan, which includes increasing the proportion of the
Company's products manufactured and distributed under outsourcing arrangements. Further information regarding the Company's restructuring
plan may be found in Part II, Item 7 of this Form 10-K under the subheadings "Restructuring of Operations " included under the heading
"Factors That May Affect Future Results and Financial Condition," and in
Part II, Item 8 on this Form 10-K in the Notes to Consolidated Financial
Statements under the heading "Restructuring of Operations," which information is hereby incorporated by reference.
The Company believes that its existing facilities and equipment are well maintained and in good operating condition. The Company has
invested in internal capacity and external partnerships, and therefore believes it has adequate manufacturing capacity for the foreseeable future
even after the sale of the foregoing facilities. The Company continues to make investments in capital equipment as needed to meet anticipated
demand for its products.
Information regarding critical business operations that are located near major earthquake faults is set forth in Part II, Item 7 of this Form 10-K
under the subheading "Other Factors" included under the heading "Factors That May Affect Future Results and Financial Condition," which
information is hereby incorporated by reference.
ITEM 3. LEGAL PROCEEDINGS
Information regarding legal proceedings is set forth in Part II, Item 8 of this Form 10-K under the subheading "Litigation," included under the
heading "Commitments and Contingencies," which information is hereby incorporated by reference.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
No matters were submitted to a vote of security holders during the fourth quarter of the Company's fiscal year ended September 26, 1997.
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