Adaptec 2001 Annual Report Download - page 14

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14
semiconductor design softw are, operating systems and companion integrated circuits. Because
this license is the architecture behind our microprocessors, w e must be able to retain the MIPS
license in order to produce our follow -on microprocessor products.
PM C and its logo are our registered trademarks and service marks. We own other trademarks
and service marks not appearing in this Annual Report. Any other trademarks used in this
Annual Report are owned by other entities.
EM PLOYEES
As of December 31, 2001, w e had 1,141 employees, including 711 in Research & Development,
125 in Production and Quality Assurance, 199 in Marketing and Sales and 106 in
Administration. Our employees are not represented by a collective bargaining agreement. We
have never experienced any work stoppage. We believe our employee relations are good.
ITEM 2. Properti es.
PM C leases or owns properties in twenty-six locations worldwide. Approximately 45% of the
space leased by PM C is currently unoccupied. Pending sublease transactions and lease expiries
will reduce the excess, uncommitted space to 39%.
We lease a total of 462,000 square feet in seven separate buildings in Santa Clara, California, to
house the majority of our US design, engineering, product test, sales and marketing operations.
Our Canadian headquarters is located in Burnaby, British Columbia where we lease 254,000
square feet of office space in five separate buildings. These locations support a significant
portion of our product development, manufacturing, marketing, sales and test activities. We
also operate ten additional research & development centers: four in Canada, three in the US,
tw o in Ireland and one in India.
We have twelve sales offices worldwide, with locations in Europe, Asia, and North America.
All of our offices are in leased premises. We also own two buildings on approximately 19 acres
of land near our Canadian headquarters in Burnaby. The property was purchased as a
development site and is being held with the eventual intention of building our own facility to
replace our existing leased Burnaby premises.
ITEM 3. Legal Proceedings.
We are currently not engaged in legal proceedings that require disclosure under this item.
ITEM 4. Submissi on of M atters to a Vote of Security Holders.
Not applicable.
PA RT II
ITEM 5. M arket for Regi strant's Common Equi ty and Rel ated Stockhol der M atters.