Adobe 2002 Annual Report Download - page 50

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19
Private Public
Adobe Ventures L.P. Equity Investments
Engage, Inc. X
ImageX.com, Inc. X
Managing Editor Software, Inc. X
Adobe Ventures II, L.P. Equity Investments
DigitalThink, Inc. X
Engage, Inc. X
HAHT Software, Inc. X
ImageX.com, Inc. X
PictureIQ Corporation X
Salon Media Group, Inc. (formerly Salon.com) X
Virage, Inc. X
Adobe Ventures III, L.P. Equity Investments
AvantGo, Inc. X
Biz 360, Inc. X
Builders Information Group, Inc. X
Covalent Technologies, Inc. X
Digital Fountain X
DigitalThink, Inc. X
Engage, Inc. X
PictureIQ Corporation X
Sendmail, Inc. X
Shutterfly, Inc. X
Slam Dunk Networks, Inc. X
Adobe Ventures IV, L.P. Equity Investments
BAM Software, Inc. X
Biz 360, Inc. X
Cardiff Software, Inc. X
Convio, Inc. X
Convalent Technologies, Inc. X
Digital Fountain X
HAHT Software, Inc. X
Kontiki, Inc. X
Pervasive Security Systems, Inc. X
Picture IQ Corporation X
Sendmail, Inc. X
Shutterfly, Inc. X
TuVox, Inc. X
We intend to continue investing in new markets through limited partnerships as well as through
direct investments.
PRODUCT DEVELOPMENT
Since the personal computer and enterprise software industries are characterized by rapid technological change, a
continuous high level of expenditures is required for the enhancement of existing products and the development of
new products. We primarily develop our software internally. We occasionally acquire products developed by others
by purchasing the stock or assets of the business entity that held ownership rights to the technology. In other
instances, we have licensed or purchased the intellectual property ownership rights of programs developed by others
with license or technology transfer agreements that may obligate us to pay royalties, typically based on a percentage
of the revenues generated by those programs.