Adaptec 2001 Annual Report Download - page 15

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15
Stock Price Information. Our common stock trades on the Nasdaq National Market under the
symbol PMCS. The following table sets forth, for the periods indicated, the high and low
closing sale prices for our Common Stock as reported by the Nasdaq National M arket:
2000 High
Low
First Quarter .............................................................................................................. $245.44 $62.75
Second Quarter ......................................................................................................... 231.56 118.44
Third Quarter ............................................................................................................ 245.00 169.81
Fourth Quarter .......................................................................................................... 227.19 69.50
2001 High
Low
First Quarter .............................................................................................................. $105.94 $24.74
Second Quarter ......................................................................................................... 44.81 19.12
Third Quarter ............................................................................................................ 36.87 10.05
Fourth Quarter .......................................................................................................... 29.24 9.87
The prices presented above reflect a two-for-one stock split in the form of a 100% stock
dividend that we issued on February 14, 2000.
To maintain consistency, the information provided above is based on calendar quarter ends
rather than fiscal quarter ends. As of February 1, 2002, there were approximately 2,307 holders
of record of our Common Stock.
We have never paid cash dividends on our Common Stock. We currently intend to retain
earnings, if any, for use in our business and do not anticipate paying any cash dividends in the
foreseeable future. Our current bank credit agreement prohibits the payment of cash dividends
without the approval of the bank.