Symantec 2007 Annual Report Download - page 31

• Economic slowdowns or the perception of an oncoming economic slowdown in any of the major markets in
which we operate
The stock market in general, and the market prices of stocks of technology companies in particular, have
experienced extreme price volatility that has adversely affected, and may continue to adversely affect, the market
price of our common stock for reasons unrelated to our business or operating results.
Problems with our information systems could interfere with our business and operations.
We rely on our information systems and those of third parties for processing customer orders, shipping of
products, providing services and support to our customers, billing and tracking our customers, fulfilling contractual
obligations, and otherwise running our business. Any disruption in our information systems and those of the third
parties upon whom we rely could have a significant impact on our business. In addition, we are in the process of
enhancing our information systems. The implementation of these types of enhancements is frequently disruptive to
the underlying business of an enterprise, which may especially be the case for us due to the size and complexity of
our businesses. Any disruptions relating to our systems enhancements, particularly any disruptions impacting our
operations during the implementation period, could adversely affect our business in a number of respects. Even if
we do not encounter these adverse effects, the implementation of these enhancements may be much more costly
than we anticipated. If we are unable to successfully implement the information systems enhancements as planned,
our financial position, results of operations, and cash flows could be negatively impacted.
Item 1B. Unresolved Staff Comments
There are currently no unresolved issues with respect to any Commission staff’s written comments that were
received at least 180 days before the end of our fiscal year to which this report relates and that relate to our periodic
or current reports under the Exchange Act.
Item 2. Properties
Our properties consist primarily of owned and leased office facilities for sales, research and development,
administrative, customer service, and technical support personnel. Our Dublin, Ireland facility also includes
manufacturing operations. Our corporate headquarters is located in Cupertino, California in a 532,000 square foot
facility that we own. We occupy an additional 772,000 square feet in the San Francisco Bay Area, of which
592,000 square feet is owned and 180,000 square feet is leased. Our leased facilities are occupied under leases that
expire at various times through 2026. The table below shows the approximate square footage of our facilities as of
March 31, 2007, excluding executive suites.
Location Owned Leased
Approximate Total Square
Footage
(1)
North America ............................................. 1,680,000 1,697,000
Europe, Middle East, and Africa ................................ 285,000 680,000
Asia Pacific/Japan ........................................... 5,000 1,105,000
Latin America .............................................. — 42,000
Total ................................................... 1,970,000 3,524,000
(1)
Total square footage excludes approximately 82,000 square feet of space in the United States and 74,000 square
feet in EMEA that we sublease to third parties. Also not included is 149,000 square feet of owned property that
we lease to third parties.
We also lease additional properties throughout the world, totaling approximately 89,000 square feet that are
currently vacant. We are currently building a facility in Culver City, California that we expect to occupy in October
2007.
We believe that our existing facilities are adequate for our current needs and that the productive capacity of our
facilities is substantially utilized.
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