Symantec 2010 Annual Report Download - page 100

Download and view the complete annual report

Please find page 100 of the 2010 Symantec annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 184

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184

PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of
Equity Securities
Market for Our Common Stock
Our common stock is traded on the Nasdaq Global Select Market under the symbol “SYMC.” The high and low
sales prices set forth below are as reported on the Nasdaq Global Select Market.
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Fiscal 2010 Fiscal 2009
High ................. $19.16 $18.28 $17.71 $18.17 $16.35 $17.27 $22.80 $21.95
Low.................. $16.13 $15.68 $14.65 $13.97 $12.54 $10.05 $16.88 $16.53
As of April 2, 2010, there were 2,502 stockholders of record of Symantec common stock. Symantec has never
declared or paid any cash dividends on its capital stock. We currently intend to retain future earnings for use in our
business, and, therefore, we do not anticipate paying any cash dividends on our capital stock in the foreseeable
future.
Repurchases of our equity securities
Stock repurchases during the three months ended April 2, 2010 were as follows:
Total Number of
Shares Purchased
Average Price
Paid Per Share
Total Number of Shares
Purchased Under Publicly
Announced Plans or Programs
Maximum Dollar
Value of Shares
That May Yet be
Purchased Under
the Plans
or Programs
(In millions, except per share data)
January 2, 2010 to January 29,
2010 .................... — $ — — $936
January 30, 2010 to February 26,
2010 .................... 10 $16.95 10 $756
February 27, 2010 to April 2,
2010 .................... 1 $16.67 1 $747
Total...................... 11 $16.93 11
We have had stock repurchase programs in the past and have repurchased shares on a quarterly basis since the
fourth quarter of fiscal 2004 under new and existing programs. Our current program was authorized by our Board of
Directors on October 27, 2009 to repurchase up to $1 billion of our common stock. This program does not have an
expiration date, and as of April 2, 2010, $747 million remained authorized for future repurchases. For information
with regard to our stock repurchase programs, see Note 10 of the Notes to Consolidated Financial Statements in this
annual report.
24