Symantec 1997 Annual Report Download - page 18

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Competition in recruiting personnel in the software
industry is intense. Symantec believes that its future success
will depend in part on its ability to recruit and retain highly
skilled management, marketing and technical personnel.
Symantec believes that it must provide personnel with a
competitive compensation package, which necessitates the
continued availability of stock options and requires ongoing
shareholder approval of such option programs. (See further
discussion in Item 7: Management’s Discussion and Analysis
of Financial Condition and Results of Operations - Business
Risks - Employee Risk.)
Item 2: Properties
Symantec’s principal locations, all of which are leased, are
as follows:
Approximate Expiration
Size of
Location Purpose (in square feet) Lease
NORTH AMERICA
Cupertino, California
Corporate Headquarters Administration, 87,000 2003
sales and marketing
Emerging Business and Research and 161,000 2003
Remote Productivity development
Solutions
Symantec Technology Future expansion*143,000 2003
Center
Sunnyvale, California Manufacturing 78,000 1998
Santa Monica, California Research and 71,000 2000
development and
marketing
Eugene, Oregon Customer service 136,000 2006
and technical support
Beaverton, Oregon Research and 45,000 2001
development and
marketing
Melville, New York Research and 24,000 2000
development and
marketing
Toronto, Canada Research and 63,000 2005
development and
technical support
INTERNATIONAL
Leiden, Holland Administration, sales 7,000 1997
and marketing and
technical support
Dublin, Ireland Administration, 74,000 2026
manufacturing and
translations
* The Symantec Technology Center is currently under construction, with anticipated
completion in fiscal 1999.
Symantec’s principal administrative and sales and mar-
keting facility, as well as certain research and development
and support facilities, are located in Cupertino, California.
The Company leases a number of additional facilities for
marketing and research and development in the United States
and for marketing in Australia, Brazil, Canada, France,
Germany, Holland, Hong Kong, Italy, Japan, Korea, Mexico,
New Zealand, Russia, Singapore, South Africa, Sweden,
Switzerland, Taiwan and the United Kingdom. Symantec
believes its facilities are adequate for its current needs and
additional or substitute space will be available as needed to
accommodate any expansion of its operations.
Item 3: Legal Proceedings
Information with respect to this Item may be found in Note
11 of Notes to Consolidated Financial Statements in Part IV,
Item 14 of this Form 10-K.
Item 4: Submission of Matters to a Vote of
Security Holders
No matters were submitted to a vote of the security holders
during the quarter ended March 31, 1997.
16 SYMANTEC CORPORATION