Symantec 2010 Annual Report Download - page 155

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(1)
Net tangible assets included deferred revenue which was adjusted down from $34 million to $10 million
representing our estimate of the fair value of the contractual obligation assumed for support services.
(2)
Intangible assets included customer relationships of $127 million, developed technology of $39 million and
definite-lived tradenames of $4 million, which are amortized over their estimated useful lives of one to eight
years. The weighted-average estimated useful lives were 8.0 years, 4.0 years and 1.0 years, respectively.
(3)
Goodwill was not tax deductible and resulted primarily from our expectation of synergies from the integration
of MessageLabs product offerings with our product offerings.
Other fiscal 2009 acquisitions
During fiscal 2009, in addition to MessageLabs, we completed acquisitions of five nonpublic companies for an
aggregate of $478 million in cash, including $6 million in acquisition-related expenses resulting from financial
advisory, legal and accounting services, duplicate sites, and severance. No equity interests were issued. We recorded
goodwill in connection with each of these acquisitions, which resulted primarily from our expectation of synergies
from the integration of the acquired company’s technology with our technology and the acquired company’s access
to our global distribution network. In addition, each acquired company provided a knowledgeable and experienced
workforce. Most of the goodwill from the PC Tools Pty Limited (“PC Tools”) acquisition was tax deductible, while
goodwill for the other acquisitions was not tax deductible or was not material. The results of operations for the
acquired companies have been included in our results of operations since their respective acquisition dates.
AppStream, Inc. (“AppStream”), and the Other acquisitions are included in our Security and Compliance segment
and SwapDrive, Inc. (“SwapDrive”) and PC Tools are included in our Consumer segment.
The following table presents the purchase price allocations related to these other fiscal 2009 acquisitions
included in our Consolidated Balance Sheets:
AppStream SwapDrive PC Tools Other Total
(In millions)
Acquisition date............. April 18, 2008 June 6, 2008 October 6, 2008 Various
Net tangible assets (liabilities) . . $ 14 $ 2 $ (11) $ — $ 5
Intangible assets
(1)
........... 11 42 100 12 165
Goodwill .................. 27 81 173 27 308
Total purchase price.......... $ 52 $ 125 $ 262 $ 39 $478
(1)
Intangible assets included customer relationships of $43 million, developed technology of $90 million and
definite-lived tradenames of $1 million, which are amortized over their estimated useful lives of one to nine
years. The weighted-average estimated useful lives were 6.5 years, 5.5 years and 1.4 years, respectively.
Intangible assets also included indefinite-lived trade-names of $31 million, which have an indefinite estimated
useful life.
79
SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)