Adobe 2001 Annual Report Download - page 20

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California against Adobe for infringement of U.S. Patent Nos. 5,845,299, relating to draw-based editors for
web pages, and 5,911,145, relating to hierarchical structure editors for websites. The complaint seeks
declaratory and injunctive relief as well as actual and treble damages. Adobe denied Macromedia’s claims
in its answer and asserted affirmative defenses.
Management believes that the ultimate resolution of these matters will not have a material impact on
our financial position or results of operations.
Item 4. Submission of Matters to a Vote of Security Holders
Not applicable.
PART II
Item 5. Market for Registrant’s Common Stock and Related Stockholder Matters
Our common stock is traded on The Nasdaq National Market under the symbol ‘‘ADBE.’’ On
January 25, 2002, there were 1,728 holders of record of our common stock. Because many of such shares
are held by brokers and other institutions on behalf of stockholders, we are unable to estimate the total
number of stockholders represented by these record holders. The following table sets forth the high and
low sales price per share of our common stock and the cash dividends paid per share, for the periods
indicated, all of which are adjusted for the two-for-one stock split in the form of a stock dividend effected
October 2000.
Cash
Price Range Dividend
High Low Per Share
Fiscal 2001:
First Quarter ............................................ $77.56 $26.25 $0.0125
Second Quarter .......................................... 48.80 24.56 0.0125
Third Quarter ........................................... 48.13 31.22 0.0125
Fourth Quarter .......................................... 34.99 22.20 0.0125
Fiscal Year ............................................. 77.56 22.20 0.05
Fiscal 2000:
First Quarter ............................................ $53.31 $26.72 $0.0125
Second Quarter .......................................... 65.50 38.50 0.0125
Third Quarter ........................................... 71.66 51.50 0.0125
Fourth Quarter .......................................... 87.31 60.75 0.0125
Fiscal Year ............................................. 87.31 26.72 0.05
We have paid cash dividends on our common stock each quarter since the second quarter of 1988. In
March 1997, we established the venture stock dividend program under which we may, from time to time,
distribute as a dividend-in-kind shares of our equity holdings in investee companies to our stockholders.
Under the terms of our line of credit agreement, corporate headquarters lease agreements, and real
estate financing agreement, we may pay cash dividends unless an event of default has occurred or we do
not meet certain financial ratios. The declaration of future dividends, whether in cash or in-kind, is within
the discretion of Adobe’s Board of Directors and will depend upon business conditions, our results of
operations, our financial condition, and other factors.
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