Symantec 1998 Annual Report Download - page 16

SYMANTEC CORPORATION
SYMANTEC CORPORATION 19
Symantec’s common stock is traded on the Nasdaq National Market under the
Nasdaq symbol “SYMC”. The high and low closing sales prices set forth below are as
reported on the Nasdaq National Market.
Fiscal 1998 Fiscal 1997
Mar. 31, Dec. 31, Sep. 30, Jun. 30, Mar. 31, Dec. 31, Sep. 30, Jun. 30,
1998 1997 1997 1997 1997 1996 1996 1996
High $ 29.00 $ 27.00 $ 25.50 $ 20.38 $ 18.38 $ 16.38 $ 12.75 $ 18.13
Low 20.88 19 .19 19.44 12.50 12.63 9.88 8.75 11.00
Delrina exchangeable stock has been traded on the Toronto Stock Exchange under
the symbol “DE” since the acquisition of Delrina by Symantec on November 22, 1995.
The high and low closing sales prices set forth below are in Canadian dollars as reported
on the Toronto Stock Exchange. Delrina exchangeable stock is exchangeable at the
option of the stockholders on a one-for-one basis into Symantec common stock.
Fiscal 1998 Fiscal 1997
Mar. 31, Dec. 31, Sep. 30, Jun. 30, Mar. 31, Dec. 31, Sep. 30, Jun. 30,
1998 1997 1997 1997 1997 1996 1996 1996
(In Canadian dollars)
High $ 40.10 $ 39.00 $ 35.00 $ 28.00 $ 24.35 $ 22.00 $ 17.70 $ 25.00
Low 29.50 26.75 26.25 16.50 17.55 13.00 12.00 15.50
As of March 31, 1998, there were approximately 682 stockholders of record, including
approximately 29 holders of record of Delrina exchangeable shares. The Company
has never paid cash dividends on its stock with the exception of cash distributions to
stockholders of acquired companies. In addition, the Company’s bank line of credit
and outstanding convertible subordinated debentures limit the payment of cash divi-
dends on common stock (See Notes 6 and 7 of Notes to Consolidated Financial
Statements in Part IV, Item 14 of this Form 10-K).
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Symantec’s principal locations, all of which are leased, are as follows:
Approximate Size Expiration of
Location Purpose (in square feet) Lease
North America
Cupertino, California
Corporate Headquarters Administration, sales and marketing 87,000 2003
Emerging Business and Research and development 161,000 2003
Remote Productivity Solutions
Symantec Technology Center Future expansion * 143,000 2003
Sunnyvale, California Manufacturing 78,000 2000
Santa Monica, California Research and development and marketing 98,000 2000
Eugene, Oregon Customer service and technical support 150,000 2006
Beaverton, Oregon Research and development, sales
and marketing 56,000 2001
Melville, New York Research and development and marketing 27,000 2000
Toronto, Canada Research and development, sales 66,000 2005
and technical support
International
Leiden, Holland Administration, sales, marketing 25,000 2003
and technical support
Dublin, Ireland Administration, manufacturing 74,000 2026
and translations
Symantec’s principal administrative and
sales and marketing facility, as well as cer-
tain research and development and support
facilities, are located in Cupertino, Cali-
fornia. The Company leases a number of
additional facilities for marketing and
research and development in the United
States and for marketing in Australia,
Brazil, Canada, France, Germany, Holland,
Hong Kong, Italy, Japan, Korea, Malaysia,
Mexico, New Zealand, Russia, Singapore,
South Africa, Sweden, Switzerland, Taiwan
and the United Kingdom. Symantec
believes its facilities are adequate for its cur-
rent needs and additional or substitute space
will be available as needed to accommodate
any future expansion of its operations.
Information with respect to this Item
may be found in Note 15 of Notes to
Consolidated Financial Statements in
Part IV, Item 14 of this Form 10-K.
No matters were submitted to a vote of
the security holders during the quarter
ended March 31, 1998.
*The Symantec Technology Center is currently
under construction, with anticipated completion
in fiscal 1999.