Symantec 2000 Annual Report Download - page 17

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0{ 17
Quarterly Financial Data
Fiscal 2000
Mar. 31 Dec. 31, Sep. 30, Jun. 30,
(In thousands, except net income per share; unaudited) 2000 1999 1999 1999
Net revenues $ 187, 205 $200,847 $182,535 $175 , 138
Gross margin 158, 196 170, 048 151,893 144, 515
Restructuring and other expenses 7, 059 2, 246 1 ,240 2 , 773
Income, net of expense, from sale of technologies and product lines 7,491 89,967 5, 010 4, 890
Net income 31,576 89, 013 25 ,832 23, 727
Net income per share-basic $ 0.53 $1.52 $0.45 $0.42
Net income per share-diluted $ 0.49 $1.41 $0.43 $0.41
Fiscal 1999
Mar. 31, Dec. 31, Sep. 30, Jun. 30,
(In thousands, except net income per share; unaudited) 1999 1998 1998 1998
Net revenues $ 169 , 618 $ 155 ,206 $ 130 ,034 $ 137, 770
Gross margin 141 , 168 128 , 718 108 ,697 117 , 487
Restructuring and other expenses 740 7 ,560 10,122 19, 973
Income, net of expense, from sale of technologies and product lines 5 , 957 9 ,850 10,027 15 , 321
Net income 24 , 758 15 ,883 1 ,945 7 , 615
Net income per share-basic $ 0.44 $ 0.29 $ 0.03 $ 0.13
Net income per share-diluted $ 0.43 $ 0.28 $ 0.03 $ 0.13
Market Information Common Stock
Our 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 2000
Mar. 31, Dec. 31, Sep. 30, Jun. 30,
2000 1999 1999 1999
High $ 80.81 $ 66.44 $ 35.97 $ 28.00
Low 48.06 36.75 25.75 13.00
Fiscal 1999
Mar. 31, Dec. 31, Sep. 30, Jun. 30,
1999 1998 1998 1998
High $ 22.88 $ 21.81 $ 28.00 $ 32.13
Low 14.47 8.69 10.13 22.63
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 our common stock.
Fiscal 2000
Mar. 31, Dec. 31, Sep. 30, Jun. 30,
(In Canadian Dollars) 2000 1999 1999 1999
High $ 116.00 $ 99.00 $ 54.00 $ 40.50
Low 70.00 55.00 38.50 20.00
Fiscal 1999
Mar. 31, Dec. 31, Sep. 30, Jun. 30,
(In Canadian Dollars) 1999 1998 1998 1998
High $ 34.60 $ 33.00 $ 41.75 $ 46.50
Low 22.45 13.20 16.60 32.75
As of March 31, 2000, there were approximately 663 stockholders
of record, including approximately 22 holders of record of Delrina
exchangeable shares. We have not paid cash dividends in the last
three years. In addition, our bank line of credit does not allow for
the payment of cash dividends on our common stock.
Business Overview
In the past, we have organized our business on a product group
basis. In fiscal 2000, we restructured our internal operations and
management to allow us to organize our resources by customer
segment. We currently view our business in five customer-