Autodesk 2001 Annual Report Download - page 17

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14 FY 01 Autodesk, Inc.
Employees
As of January 31, 2001, we had 3,484 full-time employees.
Our future success is highly dependent on the ability to
attract, retain and motivate highly skilled employees.
Item 2. Properties
Our executive offices and the principal offices for product
development, domestic marketing and sales and produc-
tion are located in leased office space in northern
California. We also lease office space in various locations
throughout the U.S. for local sales, development and tech-
nical support personnel. Our foreign subsidiaries lease
office space for their operations.
We believe that our existing facilities and offices are ade-
quate to meet our requirements for the foreseeable future.
Item 3. Legal Proceedings
We are involved in various legal proceedings arising from
the normal course of business activities. In addition, in
March and April 2000, three class action complaints were
filed against us and certain of our officers and directors,
alleging violations of the Securities Exchange Act of 1934.
The United States District Court for the Northern District of
California consolidated these complaints into one lawsuit
in August 2000.The plaintiffs seek to act on behalf of pur-
chasers of Autodesk common stock during the period
between September 14, 1998 and May 4, 1999 and are
seeking unspecified damages. On November 14, 2000 the
Court granted our motion to dismiss the lawsuit, allowing
the plaintiffs to amend their complaint. The plaintiffs filed
an amended complaint and we have filed a motion to dis-
miss the amended complaint. The motion is not yet
scheduled for a hearing. We believe we have meritorious
defenses to the amended complaint and we intend to vig-
orously defend the action.
In our opinion, resolution of these matters is not expected
to have a material adverse impact on our consolidated
results of operations or our financial position. However,
depending on the amount and timing,an unfavorable res-
olution of a matter could materially affect our future
results of operations or cash flows in a particular period.