3Ware 2004 Annual Report Download - page 23

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Mr. Vithayathil held multiple marketing positions for semiconductor companies including Philips Electronics
and Synergy Semiconductor, and was involved in strategic product planning at National Semiconductor. Mr.
Vithayathil earned a M.B.A. degree from Harvard University, a M.S. degree from Washington University, St.
Louis, Missouri, and a B.S.E.E. degree from the Indian Institute of Technology.
Item 2. Properties.
Our corporate headquarters are located in San Diego, California. Below is a summary of material properties
leased on March 31, 2004 (net of subleases):
Location
Lease
Expiration
Square
Footage Use
San Diego, California ........... 2007 90,000
Executive offices, sales headquarters, test and
assembly
San Diego, California ........... 2010 58,000 Engineering headquarters
Total San Diego, California . . 148,000
Andover, Massachusetts ......... 2005 35,000 Engineering, sales and marketing
Sunnyvale, California ........... 2005 128,000 Engineering, sales and marketing
Other United States locations .....
Various
dates
through
2011 140,000 Engineering, sales and marketing applications
Foreign locations ...............
Various
dates
through
2007 60,000 Engineering, sales and marketing applications
Total facilities ............. 511,000
In an effort to improve the efficiency of the workforce and reduce our cost structure, we implemented
several plans to consolidate our workforce into certain designated facilities. As a result, approximately 192,000
square feet of unoccupied properties with non-cancelable lease commitments expiring through fiscal 2011 are
included in the above summary.
We sold 32 acres of undeveloped land in Poway, California during fiscal 2004 for approximately $25
million.
Our foreign locations consist of the following: Kanata, Canada; Manchester, United Kingdom; Cheshire,
United Kingdom; Munich, Germany; LaGaude and Essonnes, France; Tokyo, Japan; Shenzhen and Shanghai,
People’s Republic of China; Netanya, Israel; Bangalore, India and Singapore.
Item 3. Legal Proceedings.
In April 2001, a series of similar federal complaints were filed against us and certain of our executive
officers and directors. The complaints have been consolidated into a single proceeding in the U.S. District Court
for the Southern District of California. In re Applied Micro Circuits Corp. Securities Litigation,lead case number
01-CV-0649-K(AB). In January 2002, the court appointed lead plaintiff filed a consolidated federal complaint.
The consolidated federal complaint alleges violations of the Exchange Act and is brought as a shareholder class
action under Sections 10(b), 20(a), 20A and Rule 10b-5 under the Securities Exchange Act of 1934. Plaintiff
seeks monetary damages on behalf of the shareholder class. Discovery in this lawsuit is continuing. Trial is
currently scheduled for calendar year 2005.
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