Adaptec 2002 Annual Report Download - page 63

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Nine Months
Ended
September 30,
(in thousands) 2000
−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−
Net revenues
PMC $ 411,046
Toucan −
AANetcom 68
Extreme 50
QED 51,407
SwitchOn 461
−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−
Combined $ 463,032
==================
Net income (loss)
PMC $ 83,691
Toucan (1,963)
AANetcom (17,965)
Extreme (11,327)
QED (11,954)
SwitchOn (9,038)
−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−−
Combined $ 31,444
==================
Purchase Combinations:
Fiscal 2000
Octera Corporation.
On December 12, 2000, the Company completed the purchase of Octera Corporation, a privately held company
located in San Diego, CA, that provided digital design services for Application Specific Integrated Circuits
("ASICs"), boards and systems with its primary focus on ASIC design. The Company paid cash and issued common
stock with an aggregate fair value of approximately $16 million to effect this transaction.
Datum Telegraphic, Inc.
On July 21, 2000, the Company completed the purchase of the 92% interest of Datum Telegraphic, Inc. that it
did not already own in exchange for the issuance of approximately 681,000 exchangeable shares (see Note 10)
and options with a fair value of $107.4 million, cash of $17 million and acquisition related expenditures of
$875,000. Datum, a wireless semiconductor company located in Vancouver, Canada, made digital signal
processors that allow traffic for all major digital wireless standards to be transmitted using a single
digitally controlled power amplifier architecture.
Malleable Technologies, Inc.
On June 27, 2000, the Company exercised an option to acquire the 85% interest of Malleable Technologies,
Inc. that it did not already own in exchange for the issuance of approximately 1,250,000 common shares and
443,000 options and warrants with a fair value totaling $293 million and acquisition related costs of
$825,000. Malleable, a fabless semiconductor company located in San Jose, CA, made digital signal processors
for voice−over−packet processing applications which bridge voice and high−speed data networks by compressing
voice traffic into ATM or IP packets.
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