Symantec 2012 Annual Report Download - page 170

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SYMANTEC CORPORATION
Notes to Consolidated Financial Statements — (Continued)
Litigation contingencies
For a discussion of our tax litigation with the Internal Revenue Service relating to the 2000 and 2001 tax
years of Veritas, see Note 12.
We are also involved in a number of other judicial and administrative proceedings that are incidental to our
business. Although adverse decisions (or settlements) may occur in one or more of the cases, it is not possible to
estimate the possible loss or losses from each of these cases. The final resolution of these lawsuits, individually
or in the aggregate, is not expected to have a material adverse effect on our business, results of operations,
financial condition, or cash flow.
Other
In January 2012, we became aware of claims made by a group of hackers, that it possessed, and intended to
publicly expose, portions of the source code for certain Symantec products. Following investigation of these
claims, we believe that the group came into possession of the code as a result of a theft of source code that
occurred in 2006. We believe that source code for the 2006-era versions of the following products was exposed:
Norton Antivirus Corporate Edition; Norton Internet Security; Norton SystemWorks (Norton Utilities and Norton
GoBack); and pcAnywhere. We announced that customers of our pcAnywhere product may face an increased
security risk as a result of this exposure. The product, pcAnywhere, is also bundled with three Symantec
products, Altiris Client Management Suite and Altiris IT Management Suite versions 7.0 or later, and Altiris
Deployment Solution with Remote version 7.1. In addition, customers with earlier versions of Altiris suites may
have opted to leverage pcAnywhere. The increased risk is isolated to the pcAnywhere components only. Our
pcAnywhere product accounted for less than three tenths of a percent of our fiscal 2012 consolidated net revenue.
We have completed our planned remediation of this issue.
Note 9. Stock Repurchases
The following table summarizes our stock repurchases:
Year Ended
March 30, 2012 April 1, 2011 April 2, 2010
(In millions, except per share data)
Total number of shares repurchased
attributable to Symantec Corporation ..... 51 57 34
Dollar amount of shares repurchased
attributable to Symantec Corporation ..... $ 893 $ 870 $ 553
Average price paid per share .............. $ 17.62 $ 15.39 $ 16.39
Range of price paid per share .............. $15.38 -$20.51 $12.07 -$18.46 $14.14 -$18.29
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 various programs. On January 25, 2012, we announced that our Board of
Directors approved a new $1 billion stock repurchase program. This program does not have an expiration date
and as of March 30, 2012, $984 million was authorized for future repurchases.
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