Symantec 1997 Annual Report Download - page 19

Item 5: Market for Registrant’s Common
Equity and Related Stockholder Matters
Symantec’s common stock is traded on the Nasdaq National
Market under the Nasdaq symbol “SYMC”. The high and low
closing sales prices set forth below are as reported on the
Nasdaq National Market.
Fiscal 1997
Mar. 31, Dec. 31, Sep. 30, Jun. 30,
1997 1996 1996 1996
High $18.38 $ 16.38 $ 12.75 $ 18.13
Low 12.63 9.88 8.75 11.00
Fiscal 1996
Mar. 31, Dec. 31, Sep. 30, Jun. 30,
1996 1995 1995 1995
High $ 22.63 $ 29.38 $ 33.00 $ 29.50
Low 10.31 21.50 23.75 20.63
Delrina exchangeable stock has been traded on the
Toronto Stock Exchange under the symbol “DE” since the
acquisition of Delrina by Symantec on November 22, 1995.
The high and low closing sales prices set forth below are in
Canadian dollars as reported on the Toronto Stock Exchange.
Delrina exchangeable stock is exchangeable at the option
of the stockholders on a one-for-one basis into Symantec
common stock.
(In Canadian dollars) Fiscal 1997
Mar. 31, Dec. 31, Sep. 30, Jun. 30,
1997 1996 1996 1996
High $24.35 $ 22.00 $ 17.70 $ 25.00
Low 17.55 13.00 12.00 15.50
Fiscal 1996
Mar. 31, Dec. 31,
1996 1995
High $ 31.00 $ 37.25
Low 16.50 29.38
As of March 31, 1997, there were approximately 852
stockholders of record, including approximately 45 holders
of record of Delrina exchangeable shares. The Company has
never paid cash dividends on its stock with the exception of
cash distributions to stockholders of acquired companies.
Symantec anticipates that it will continue to retain its
earnings to finance the growth of its business. In addition,
the Company’s bank line of credit and outstanding convertible
subordinated debentures limit the payment of cash
dividends on common stock (See Notes 4 and 5 of Notes to
Consolidated Financial Statements in Part IV, Item 14 of this
Form 10-K).
Item 6: Selected Financial Data
The following selected financial data is qualified in its
entirety by and should be read in conjunction with the more
detailed consolidated financial statements and related notes
included elsewhere herein. During fiscal 1997, Symantec
acquired Fast Track, Inc. (“Fast Track”) in a transaction
accounted for as a pooling of interests. As the results of
operations of Fast Track were not material to Symantec’s
consolidated financial statements, amounts prior to the date
of acquisition were not restated to reflect the combined oper-
ations of the companies. Additional acquisitions accounted
for as poolings of interest include Delrina Corporation in
fiscal 1996, Intec Systems Corporation, Central Point
Software, Inc. and SLR Systems, Inc. in fiscal 1995, Fifth
Generation Systems, Inc. and Contact Software International,
Inc. during fiscal 1994, and Certus International Corporation,
MultiScope, Inc., The Whitewater Group, Inc. and Symantec
(UK) Ltd. during fiscal 1993. The Company has never paid
cash dividends on its stock with the exception of distribu-
tions to stockholders of acquired companies.
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SYMANTEC CORPORATION
Part II