Adobe 2001 Annual Report Download - page 3

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Forward-Looking Statements
In addition to historical information, this Annual Report on Form 10-K contains forward-looking
statements that involve risks and uncertainties that could cause actual results to differ materially. Factors that
might cause or contribute to such differences include, but are not limited to, those discussed in the section
entitled ‘‘Management’s Discussion and Analysis of Financial Condition and Results of Operations—Factors
That May Affect Future Results of Operations.’’ You should carefully review the risks described in other
documents we file from time to time with the Securities and Exchange Commission, including the Quarterly
Reports on Form 10-Q to be filed in 2002. When used in this report, the words ‘‘expects,’’ ‘‘anticipates,’’
‘‘intends,’’ ‘‘plans,’’ ‘‘believes,’’ ‘‘seeks,’’ ‘‘targets,’’ ‘‘estimates,’’ and similar expressions are generally intended to
identify forward-looking statements. You should not place undue reliance on the forward-looking statements,
which speak only as of the date of this Annual Report on Form 10-K. We undertake no obligation to publicly
release any revisions to the forward-looking statements or reflect events or circumstances after the date of this
document.
PART I
Item 1. Business
Founded in 1982, Adobe Systems Incorporated (‘‘Adobe’’) builds award-winning software solutions for
network publishing, including Web, print, ePaper, video, wireless and broadband applications. Its graphic
design, imaging, and dynamic media authoring tools enable customers to create, manage, and deliver
visually rich, reliable content. We license our technology to major hardware manufacturers, software
developers, and service providers, and we offer integrated software solutions to businesses of all sizes. We
distribute our products through a network of distributors and dealers, value-added resellers (‘‘VARs’’),
systems integrators, and original equipment manufacturers (‘‘OEM’’); direct to end users through Adobe
call centers; and through our own Web site at www.adobe.com. We have operations in the Americas;
Europe, Middle East, and Africa (‘‘EMEA’’); and Asia. Our software runs on Microsoft Windows, Apple
Macintosh, Linux, UNIX, Palm OS, and Pocket PC platforms.
Adobe was originally incorporated in California in October 1983 and was reincorporated in Delaware
in May 1997. We maintain executive offices and principal facilities at 345 Park Avenue, San Jose,
California 95110-2704. Our telephone number is 408-536-6000. We maintain a World Wide Web site at
www.adobe.com.
BUSINESS OVERVIEW
In 1984, Adobe developed the software that initiated desktop publishing. Today, we continue to be
uniquely positioned to make dramatic changes not only to how society creates visually rich information for
print and the Web, but also as to how it distributes and accesses that information electronically.
In the simplest of terms, Adobe helps people communicate better. By delivering powerful graphic
design, publishing, and imaging software for print and Web production, we help people express, share, and
manage their ideas in imaginative and meaningful new ways.
Our strategy is to address the needs of graphic designers; professional print, cross-media, and Web
publishers; dynamic media artists; communicators and workers within businesses and governments; IS
technologists and developers; hobbyists; and consumers. We execute on this strategy by delivering products
that support industry standards and that can be deployed on multiple computing environments, including
Microsoft Windows, Apple Macintosh, Linux, UNIX, Palm OS, and Pocket PC platforms.
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