Symantec 2007 Annual Report Download - page 119

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Note 17. Subsequent Events
On April 6, 2007, we completed the acquisition of Altiris, Inc., a leading provider of information technology
management software that enables businesses to easily manage and service network-based endpoints. The
aggregate purchase price, excluding acquisition related costs, was approximately $815 million in cash, which
amount is net of Altiris’ cash balance. We believe this acquisition will enable us to help customers better manage
and enforce security policies at the endpoint, identify and protect against threats, and repair and service assets. As of
the date of the filing of this annual report, it is not practicable to disclose the condensed balance sheet and
preliminary purchase price allocation for Altiris as of the date of acquisition.
From April 1 through May 23, 2007, we repurchased 14 million shares at prices ranging from $19.53 to
$19.88 per share for an aggregate amount of $275 million. As of May 23, 2007, $225 million remained authorized
for future repurchases.
In May 2007 we signed an agreement to form a joint venture with Huawei Technologies Co., LDT. The joint
venture will develop, manufacture, market and support security and storage appliances to global telecommuni-
cations carriers and enterprise customers. We will contribute storage and security software and $150 million in cash
and will receive a 49% interest in the joint venture. The joint venture is expected to close late in calendar year 2007,
pending required regulatory and governmental approvals.
113
SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)