Symantec 1998 Annual Report Download - page 25

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SYMANTEC CORPORATION
36 SYMANTEC CORPORATION
10.34* The Registrant’s Section 401(k) Plan, as
amended. (Incorporated by reference to
Exhibit 10.25 filed with the Registrants
Annual Report on Form 10-K for the
year ended March 31, 1995.)
10.35* Form of Executive Compensation
Agreement between the Company and
certain executives. (Incorporated by ref-
erence to Exhibit 10.25 filed with the
Registrants Annual Report on Form
10-K for the year ended March 31, 1995.)
10.36 Assignment of Copyright and Other
Intellectual Property Rights.
(Incorporated by reference to appendix
to Prospectus/Proxy Statement filed with
the Registrant’s Registration Statement
on Form S-4 (No. 33-35385) initially filed
June 13, 1990.)
10.37* Employment and Consulting Agreement
among Symantec Corporation, Symantec
Acquisition Corp. and Charles M.
Boesenberg. (Incorporated by reference
to Exhibit 10.32 filed with the
Registrant’s Annual Report of Form
10-K for the year ended April 1, 1994.)
(Confidential treatment has been granted
with respect to portions of this exhibit.)
10.38* Stock Option Grant between the
Company and Charles Boesenberg.
(Incorporated by reference to
Exhibit 10.29 filed with the Registrants
Annual Report on Form 10-K for the
year ended March 31, 1995.)
10.39 Authorized Distributor Agreement
between Symantec Corporation and
Ingram Micro, Inc. (Incorporated by ref-
erence to Exhibit 10.34 filed with the
Registrant’s Quarterly Report of Form
10-Q for the quarter ended July 1, 1994.)
(Confidential treatment has been granted
with respect to portions of this exhibit.)
10.40 Authorized Distributor Agreement
between Symantec Corporation and
Merisel Americas, Inc. (Incorporated by
reference to Exhibit 10.35 filed with the
Registrant’s Quarterly Report of Form
10-Q for the quarter ended July 1, 1994.)
(Confidential treatment has been granted
with respect to portions of this exhibit.)
10.41* Employment and Non-competition
Agreement between Symantec
Corporation and Dennis Bennie.
(Incorporated by reference to
Exhibit 10.02 filed with the Registrants
Quarterly Report on Form 10-Q for the
quarter ended December 29, 1995.)
10.42 Combination Agreement between
Symantec Corporation and Delrina
Corporation dated July 5, 1995.
(Incorporated by reference to
Exhibit 10.01 filed with the Registrants
Quarterly Report on Form 10-Q for the
quarter ended June 30, 1995.)
10.43 Asset Purchase Agreement dated as of
September 26, 1996, by and between
Delrina and JetForm. (Incorporated by
reference to Exhibit 2.01 filed with the
Registrant’s Current Report of Form 8-K
filed September 26, 1996.)
10.44 Asset Purchase Agreement, as amended,
dated as of March 28, 1998, by and
between Delrina and JetForm.
10.45 Asset Purchase Agreement, as amended,
dated as of March 27, 1997 by and
between Hewlett-Packard Company and
Symantec Corporation. (Incorporated by
reference to Exhibit 10.43 filed with the
Registrant’s Annual Report on Form
10-K for the year ended March 28, 1997.)
10.46 Master agreement, dated May 18, 1998,
between International Business Machines
Corporation and Symantec Corporation.
(Confidential treatment has been requested
with respect to portions of this exhibit.)
10.47 Class action complaint filed by the law
firm of Milberg Weiss Bershad Hynes &
Lerach in Superior Court of the State of
California, County of Santa Clara
against the Company and several of its
current and former officers and directors.
(Incorporated by reference to Exhibit
10.35 filed with the Registrant’s Annual
Report of Form 10-K for the year ended
March 31, 1996.)
21.01 Subsidiaries of the Registrant.
23.01 Consent of Ernst & Young LLP,
Independent Auditors.
27.01 Financial Data Schedule for the Year
Ended March 31, 1996 (restated).
27.02 Financial Data Schedule for the Year
Ended March 31, 1997 (restated).
27.03 Financial Data Schedule for the Year
Ended March 31, 1998.
(b) Reports on Form 8-K: None.
(c) Exhibits: The Registrant hereby files
as part of this Form 10-K the exhibits
listed in Item 14(a)3, as set forth above.
(d) Financial Statement Schedules: The
Registrant hereby files as part of this
Form 10-K the schedule listed in
Item 14(a)2, as set forth on page 57.
INDEX TO CONSOLIDATED
FINANCIAL STATEMENTS
Page
Report of Ernst & Young LLP,
Independent Auditors 37
Consolidated Balance Sheets
as of March 31, 1998 and 1997 38
Consolidated Statements of
Operations for the years ended
March 31, 1998, 1997 and 1996 39
Consolidated Statements of
Stockholders’ Equity for the
years ended March 31, 1998,
1997 and 1996 40
Consolidated Statements of Cash
Flow for the years ended March 31,
1998, 1997 and 1996 41
Summary of Significant
Accounting Policies 42
Notes to Consolidated
Financial Statements 44
REPORT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS
The Board of Directors and Stockholders
Symantec Corporation
We have audited the accompanying consolidated balance sheets of Symantec Corporation as of March 31, 1998 and 1997, and
the related consolidated statements of operations, stockholders’ equity and cash flows for each of the three years in the period
ended March 31, 1998. Our audits also included the financial statement schedule listed in the Index at Item 14(a). These financial
statements and schedule are the responsibility of the Company’s management. Our responsibility is to express an opinion on
these consolidated financial statements and schedule based on our audits.
We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An
audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the
overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated financial
position of Symantec Corporation at March 31, 1998 and 1997, and the consolidated results of its operations and its cash flows for
each of the three years in the period ended March 31, 1998, in conformity with generally accepted accounting principles. Also, in
our opinion, the related financial statement schedule, when considered in relation to the basic financial statements taken as a
whole, presents fairly in all material respects the information set forth therein.
ERNST & YOUNG LLP
San Jose, California
April 30, 1998, except for Note 17, as to which the date is May 19, 1998.
*Indicates a management contract or compensatory
plan or arrangement.