Symantec 2009 Annual Report Download - page 143

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Intangible assets, net
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Weighted-Average
Remaining
Useful Life
April 3, 2009
(In thousands)
Customer relationships .......... $1,830,222 $ (745,148) $1,085,074 5 years
Developed technology........... 1,784,792 (1,390,497) 394,295 1 year
Definite-lived tradenames ........ 130,453 (53,834) 76,619 6 years
Patents ...................... 75,595 (45,851) 29,744 4 years
Indefinite-lived tradenames ....... 52,952 — 52,952 Indefinite
Total...................... $3,874,014 $(2,235,330) $1,638,684 3 years
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Weighted-Average
Remaining
Useful Life
March 28, 2008
(In thousands)
Customer relationships .......... $1,661,683 $ (526,512) $1,135,171 5 years
Developed technology........... 1,655,895 (1,045,383) 610,512 2 years
Definite-lived tradenames ........ 125,203 (38,933) 86,270 7 years
Patents ...................... 71,313 (32,875) 38,438 5 years
Indefinite-lived tradenames ....... 22,083 — 22,083 Indefinite
Total...................... $3,536,177 $(1,643,703) $1,892,474 4 years
In fiscal 2009, 2008, and 2007, total amortization expense for intangible assets was $586 million, $574 million,
and $543 million, respectively.
Total amortization expense for intangible assets which have definite lives, based upon our existing intangible
assets and their current estimated useful lives as of April 3, 2009, is estimated to be as follows (in thousands):
2010 .............................................................. $ 473,496
2011 .............................................................. 338,935
2012 .............................................................. 293,723
2013 .............................................................. 261,527
2014 .............................................................. 117,195
Thereafter . . ........................................................ 100,856
Total .............................................................. $1,585,732
Note 7. Investment in Joint Venture
On February 5, 2008, Symantec formed Huawei-Symantec, Inc. (“joint venture”) with a subsidiary of Huawei
Technologies Co., Ltd. (“Huawei”). The joint venture is domiciled in Hong Kong with principal operations in
Chengdu, China. We contributed cash of $150 million, licenses related to certain intellectual property and
intangible assets in exchange for 49% of the outstanding common shares of the joint venture. The joint venture
will develop, manufacture, market and support security and storage appliances to global telecommunications
carriers and enterprise customers. Huawei contributed its telecommunications storage and security business assets,
83
SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)