Symantec 2006 Annual Report Download - page 22

Download and view the complete annual report

Please find page 22 of the 2006 Symantec annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 122

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122

Employees
As of March 31, 2006, we employed approximately 16,000 people worldwide, approximately 58% of
whom reside in the U.S. Approximately 8,000 employees work in sales, marketing, and related activities; 5,000
in product development; 1,000 in services; and 2,000 in management, manufacturing, and administration.
Other Information
Our Internet address is www.symantec.com. We make available free of charge on our website our annual
reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K, and amendments to
those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Exchange Act as soon as reasonably
practicable after we electronically file such material with, or furnish it to, the Securities and Exchange
Commission, or SEC. Other than the information expressly set forth in this annual report, the information
contained, or referred to, on our website is not part of this annual report.
The public may also read and copy any materials we file with the SEC at the SEC's Public Reference
Room at 100 F Street, NE, Room 1580, Washington, DC 20549. The public may obtain information on the
operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC also maintains a
website at www.sec.gov that contains reports, proxy and information statements, and other information
regarding issuers, such as us, that file electronically with the SEC.
Item 1A. Risk Factors
If we are unable to develop new and enhanced products and services that achieve widespread market
acceptance, or if we are unable to continually improve the performance, features, and reliability of our
existing products and services, our business and operating results could be adversely affected.
Our future success depends on our ability to respond to the rapidly changing needs of our customers by
developing or introducing new products, product upgrades, and services on a timely basis. We have in the past
incurred, and will continue to incur, significant research and development expenses as we strive to remain
competitive. New product development and introduction involves a significant commitment of time and
resources and is subject to a number of risks and challenges including:
Managing the length of the development cycle for new products and product enhancements, which has
frequently been longer than we originally expected
‚ Adapting to emerging and evolving industry standards and to technological developments by our
competitors and customers
Extending the operation of our products and services to new platforms and operating systems
Entering into new or unproven markets with which we have limited experience
Managing new product and service strategies, including integrating our various security and storage
technologies, management solutions, customer service, and support into unified enterprise security and
storage solutions
Incorporating acquired products and technologies
Developing or expanding efficient sales channels
Obtaining sufficient licenses to technology and technical access from operating system software
vendors on reasonable terms to enable the development and deployment of interoperable products,
including source code licenses for certain products with deep technical integration into operating
systems
If we are not successful in managing these risks and challenges, or if our new products, product upgrades,
and services are not technologically competitive or do not achieve market acceptance, we could have expended
substantial resources and capital without realizing sufficient revenues in return, and our business and operating
results could be adversely affected.
16