Adaptec 2007 Annual Report Download - page 98

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Table of Contents
NOTE 15. Segment Information
The Company operates in one segment: networking products. The networking segment consists of internetworking semiconductor devices and related technical
service and support to equipment manufacturers for use in their communications and networking equipment.
Enterprise-wide information is provided below in accordance with SFAS 131. Geographic revenue information is based on the location of the customer invoiced.
Long-lived assets include property and equipment, goodwill and other intangible assets and other long-term assets. Geographic information about long-lived
assets is based on the physical location of the assets.
Year ended
(in thousands)
December
30,
2007
December 31,
2006
December
31,
2005
Net revenues
United States $ 91,307 $ 103,144 $ 98,619
China 89,027 63,797 54,324
Japan 71,941 79,009 40,790
Asia, other 45,890 43,331 20,067
Taiwan 43,754 31,377 19,590
Singapore 42,969 25,195 11,363
Europe and Middle East 40,874 46,922 23,866
Other foreign 23,619 32,217 22,792
Total $ 449,381 $ 424,992 $ 291,411
December 30,
2007
December 31,
2006
December 31,
2005
Long-lived assets
Canada $ 18,207 $ 16,749 $ 15,990
United States 588,036 629,102 16,603
Other 6,724 5,219 175
Total $ 612,967 $ 651,070 $ 32,768
During 2007, the Company had two customers whose purchases represented a significant portion of net revenues, based on billing, including contract
manufacturers and distributors. Net revenues from one customer represented approximately 12% of net revenues in 2007, 12% in 2006, and 14% in 2005. Net
revenues from a second customer were 11% in 2007, and 12% in 2006 and 2005. In 2007 and 2006, the Company had two end customers, Cisco Systems and
EMC Corporation, whose purchases represented greater than 10% of our total net revenues (2005 – Cisco Systems).
92
Source: PMC SIERRA INC, 10-K, February 22, 2008