Seagate 2006 Annual Report Download - page 91

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Table of Contents
SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
The following table summarizes the Company’s operations by geographic area:
Share Capital
The Company’s authorized share capital is $13,500 and consists of 1,250,000,000 common shares, par value
$0.00001, of which 534,981,463 shares were outstanding as of June 29, 2007 and 100,000,000 preferred shares, par
value $0.00001, of which none were issued or outstanding as of June 29, 2007.
Common shares — Holders of common shares are entitled to receive dividends when and as declared by the
Company’s board of directors (the “Board of Directors”). Upon any liquidation, dissolution, or winding up of the
Company, after required payments are made to holders of preferred shares, any remaining assets of the Company will
be distributed ratably to holders of the preferred and common shares. Holders of shares are entitled to one vote per
share on all matters upon which the common shares are entitled to vote, including the election of directors.
Preferred shares — The Company is authorized to issue up to a total of 100,000,000 preferred shares in one or
more series, without shareholder approval. The Board of Directors is authorized to establish from time to time the
number of shares to be included in each series, and to fix the rights, preferences and privileges of the shares of each
wholly unissued series and any of its qualifications, limitations or restrictions. The Board of Directors can also
increase or decrease the number of shares of a series, but not below the number of shares of that series then
outstanding, without any further vote or action by the shareholders.
The Board of Directors may authorize the issuance of preferred shares with voting or conversion rights that
could harm the voting power or other rights of the holders of the common shares. The issuance of preferred shares,
while providing flexibility in connection with possible acquisitions and other corporate purposes, could, among other
things, have the effect of delaying, deferring or preventing a change in control of the Company and might harm the
market price of its common shares and the voting and other rights of the holders of common shares. As of June 29,
2007, there were no shares of preferred shares outstanding.
88
Fiscal Years Ended
June 29,
June 30,
July 1,
2007
2006
2005
(In millions)
Revenue from external customers(1):
United States
$
3,260
$
2,858
$
2,324
The Netherlands
2,666
2,127
1,767
Singapore
4,346
3,481
2,976
Other
1,088
740
486
Consolidated
$
11,360
$
9,206
$
7,553
Long
-
lived assets:
United States
$
792
$
701
$
517
Singapore
1,038
915
588
Thailand
368
432
243
China
288
251
90
Other
205
97
266
Consolidated
$
2,691
$
2,396
$
1,704
(1)
Revenue is attributed to countries based on the shipping location.
7.
Equity