Symantec 1996 Annual Report Download - page 42

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to file an Amended Complaint, which EKD s u b s e q u e n t l y
responded to by a Third Amended Answer and Counterclaims
v i rtually identical to E K D ’s Second Amended pleading. Sy m a n t e c
b e l i e ves the charges made by EKD and Mr. Green have no merit.
Symantec is invo l ved in a number of other judicial and admin-
i s t r a t i ve proceedings incidental to its business. The Company
intends to defend all of the aforementioned pending lawsuits vig-
o rously and although adverse decisions (or settlements) may
occur in one or more of the cases, the final resolution of these
lawsuits, individually or in the aggregate, is not expected to have a
material adverse effect on the financial position of the Company.
Howe v e r, depending on the amount and timing of an unfavo r -
able resolution of these lawsuits, it is possible that the Company’s
f u t u re results of operations or cash flows could be materially
a d versely affected in a particular period.
Note 12. Segment Information
Symantec operates in the microcomputer software industry busi-
ness segment. T he Company markets its products in No rt h
America and international countries primarily through retail and
distribution channels.
Information by Geographic Area
In t e rcompany sales between geographic areas are accounted for
at prices re p re s e n t a t i ve of unaffiliated party transactions.
Significant Customers
The following customers accounted for more than 10% of net
revenues during fiscal 1996, 1995 and 1994:
Year Ended March ,
  
Ingram Micro D %%%
Merisel   
(In thousands) Year Ended March ,
  
Net revenues:
North American operations:
North American customers  , ,  ,
International customers , , ,
Intercompany , , ,
, , ,
International operations:
Customers , , ,
Intercompany , , ,
, , ,
Eliminations (,)(,) (,)
 , ,  ,
Operating income (loss):
North American operations (,) , (,)
International operations , , ,
Eliminations , (,) ()
(,) , (,)
(In thousands) March ,
  
Identifiable assets:
North American operations  , ,  ,
International operations , , ,
 , ,  ,