Adaptec 2003 Annual Report Download - page 17

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the MIPS license in order to produce our follow−on microprocessor products. This license may be terminated only if we do not make
the required royalty payments or breach confidentiality obligations.
PMC 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.
EMPLOYEES
As of December 31, 2003, we had 930 employees, including 583 in Research and Development, 105 in Production and Quality
Assurance, 146 in Sales and Marketing and 96 in Administration. Our employees are not represented by a collective bargaining
agreement and we have never experienced any related work stoppage. We believe our employee relations are good.
ITEM 2. Properties.
PMC leases properties in twenty locations worldwide. Approximately 41% of the space leased by PMC was excess at December 31,
2003. Approximately 39% of the excess space has been subleased and we are actively trying to sublease or negotiate our exit from the
remaining facilities.
We lease a total of 149,000 square feet in three separate buildings in Santa Clara, California, to house the majority of our US design,
engineering, product testing, sales and marketing operations.
Our Canadian operations are located in Burnaby, British Columbia where we lease 192,000 square feet of office space in four separate
buildings. These locations support a significant portion of our product development, manufacturing, marketing, sales and testing
activities. We also operate six additional research & development centers: four in Canada and two in the US.
We have eleven sales offices located in Europe, Asia, and North America.
ITEM 3. Legal Proceedings.
We are currently not engaged in legal proceedings that require disclosure under this item.
ITEM 4. Submission of Matters to a Vote of Security Holders.
Not applicable.
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