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value | date stringlengths 8 8 | form stringclasses 4
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0000320193 | 20021219 | 10-K | 921 | In August 1997, the Company and Microsoft Corporation entered into patent cross license and technology agreements. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 922 | In addition, for a period of five years through August 2002, and subject to certain limitations related to the number of Macintosh computers sold by the Company, Microsoft was required to make versions of its Microsoft Office and Internet Explorer products for the Mac OS. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 923 | Although Microsoft has released Microsoft Office and Internet Explorer for Mac OS X, Microsoft is not obligated to produce future versions of its products subsequent to August 2002. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 924 | While the Company believes its relationship with Microsoft has been and will continue to be beneficial to the Company and to its efforts to increase the installed base for the Mac OS, the Company does compete directly with Microsoft in a number of key areas. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 925 | Accordingly, Microsoft's interest in producing application software for the Mac OS following expiration of the agreements may be influenced by Microsoft's perception of its interests as the vendor of the Windows operating system. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 926 | Discontinuance of Microsoft Office and other Microsoft products for the Macintosh platform would have an adverse effect on the Company's net sales and results of operations. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 927 | The Company's business relies on access to patents and intellectual property obtained from third parties, and the Company's future results could be adversely affected if it is alleged or found to have infringed on the intellectual property rights of others. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 928 | Many of the Company's products are designed to include intellectual property obtained from third parties. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 929 | While it may be necessary in the future to seek or renew licenses relating to various aspects of its products and business methods, the Company believes that based upon past experience and industry practice, such licenses generally could be obtained on commercially reasonable terms. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 930 | However, there can be no assurance that the necessary licenses would be available or available on acceptable terms. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 931 | Because of technological changes in the computer industry, current extensive patent coverage, and the rapid rate of issuance of new patents, it is possible certain components of the Company's products and business methods may unknowingly infringe existing patents of others. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 932 | The Company has from time to time been notified that it may be infringing certain patents or other intellectual property rights of others. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 933 | Responding to such claims, regardless of their merit, can be time consuming, result in significant expenses, and cause the diversion of management and technical personnel. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 934 | Several pending claims are in various stages of evaluation. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 935 | The Company may consider the desirability of entering into licensing agreements in certain of these cases. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 936 | However, no assurance can be given that such licenses can be obtained on acceptable terms or that litigation will not occur. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 937 | In the event there is a temporary or permanent injunction entered prohibiting the Company from marketing or selling certain of its products or a successful claim of infringement against the Company requiring it to pay royalties to a third-party, the Company's future operating results and financial condition could be ad... | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 938 | Information regarding claims and potential litigation involving the Company related to alleged patent infringement and other matters is set forth in Part I, Item 3 of this Form 10-K. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 939 | In the opinion of management, the Company does not have a potential liability for damages or royalties from any current legal proceedings or claims related to the infringement of patent or other intellectual property rights of others that would have a material adverse effect on its results of operations, or financial c... | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 940 | However, the results of such legal proceedings cannot be predicted with certainty. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 941 | Should the Company fail to prevail in any of the matters related to infringement of patent or other intellectual property rights of others described in Part I, Item 3 of this Form 10-K or should several of these matters be resolved against the Company in the same reporting period, the operating results of a particular ... | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 942 | The Company expects its quarterly revenues and operating results to fluctuate for a variety of reasons. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 943 | The Company's profit margins vary among its products, its geographic markets, and its distribution channels. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 944 | As a result, the overall profitability of the Company in any given period will depend, in part, on the product, geographic, and channel mix reflected in that period's net sales. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 945 | The typical concentration of net sales in the third month of the Company's fiscal quarters can adversely affect the Company's business and operating results. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 946 | The Company generally sells more products during the third month of each quarter than it does during either of the first two months, a pattern typical in the personal computer industry. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 947 | This sales pattern can produce pressure on the Company's internal infrastructure during the third month of a quarter and may adversely impact the Company's ability to predict its financial results accurately. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 948 | Developments late in a quarter, such as lower-than-anticipated demand for the Company's products, an internal systems failure, or failure of one of the Company's key logistics or components suppliers, can have significant adverse impacts on the Company and its results of operations and financial condition. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 949 | The Company's success depends largely on its ability to attract and retain key personnel. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 950 | Much of the future success of the Company depends on the continued service and availability of skilled personnel, including those in technical, marketing and staff positions. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 951 | Experienced personnel in the information technology industry are in high demand and competition for their talents is intense, especially in the Silicon Valley, where the majority of the Company's employees are located. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 952 | There can be no assurance that the Company will be able to successfully attract and retain the key personnel it needs. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 953 | Additionally, volatility or a lack of positive performance in the Company's stock price may adversely affect its ability to retain key employees. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 954 | As of September 28, 2002, a substantial majority of the Company's outstanding employee stock options were out-of-the-money. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 955 | The Company is subject to risks associated with the availability and cost of insurance. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 956 | The Company has observed rapidly changing conditions in the insurance markets relating to nearly all areas of traditional corporate insurance. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 957 | Such conditions have resulted in higher premium costs, higher policy deductibles, and lower coverage limits. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 958 | For some risks, because of cost and/or availability, the
Company does not have insurance coverage. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 959 | For these reasons, the Company is retaining a greater portion of its insurable risks than it has in the past at relatively greater cost. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 960 | The Company is exposed to credit risk on its accounts receivables. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 961 | This risk is heightened as economic conditions worsen. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 962 | The Company distributes its products through third-party computer resellers and retailers and directly to certain educational institutions and commercial customers. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 963 | A substantial majority of the Company's outstanding trade receivables are not covered by collateral or credit insurance. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 964 | The Company also has non-trade receivables from certain of its manufacturing vendors resulting from the sale by the Company of raw material components to these manufacturing vendors who manufacture sub-assemblies or assemble final products for the Company. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 965 | While the Company has procedures in place to monitor and limit exposure to credit risk on its trade and non-trade receivables, there can be assurance that such procedures will be effective in limiting its credit risk and avoiding losses. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 966 | Additionally, if the global economy and regional economies fail to improve or continue to deteriorate, it becomes more likely that the Company will incur a material loss or losses as a result of the weakening financial condition of one or more of its customers or manufacturing vendors. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 967 | The market value of the Company's non-current debt and equity investments is subject to significant volatility. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 968 | The Company holds minority investments in several public companies with a combined fair market value of approximately $39 million as of September 28, 2002. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 969 | These investments are in publicly traded companies whose share prices are subject to significant volatility. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 970 | The Company has categorized its investments in these companies as available-for-sale requiring the investments be carried at fair value, with unrealized gains and losses, net of taxes, reported as a component of accumulated other comprehensive income. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 971 | The Company recognizes an impairment charge to earnings when it is judged an investment has experienced a decline in value that is other-than-temporary. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 972 | The Company has recognized material impairment charges related to its non-current debt and equity investments twice in the last two fiscal years. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 973 | The Company is subject to risks associated with environmental regulations. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 974 | Production and marketing of products in certain states and countries may subject the Company to environmental and other regulations including, in some instances, the requirement that the Company provide consumers with the ability to return to the Company product at the end of its useful life, and place responsibility f... | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 975 | Although the Company does not anticipate any material adverse effects in the future based on the nature of its operations and the thrust of such laws, there is no assurance that such existing laws or future laws will not have a material adverse effect on the Company. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 976 | The parliament of the European Union is working on finalizing the Waste Electrical and Electronic Equipment Directive (the Directive). | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 977 | The Directive makes producers of electrical goods, including personal computers, financially responsible for the collection, recycling, and safe disposal of past and future products. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 978 | The Directive must now be approved and implemented by individual European Union governments by June 2004, while the producers' financial obligations are scheduled to start June 2005. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 979 | The Company's potential liability resulting from the Directive related to past sales of its products and expenses associated with future sales of its product may be substantial. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 980 | However, because it is likely that specific laws, regulations, and enforcement policies will vary significantly between individual European member states, it is not currently possible to estimate the Company's existing liability or future expenses resulting from the Directive. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 981 | As the European Union and its individual member states clarify specific requirements and policies with respect to the Directive, the Company will continue to assess its potential financial impact. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 982 | Similar legislation may be enacted in other geographies, including federal and state legislation in the United States, the cumulative impact of which could be significant. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 983 | Business interruptions could adversely affect the Company's future operating results. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 984 | The Company's major business operations are subject to interruption by earthquake, fire, power shortages, terrorist attacks and other hostile acts, labor disputes, and other events beyond its control. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 985 | The majority of the Company's research and development activities, its corporate headquarters, and other critical business operations, including certain major components suppliers and manufacturing vendors, are located near major seismic faults. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 986 | The Company does not carry earthquake insurance for direct quake-related losses. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 987 | The Company's operating results and financial condition could be materially adversely affected in the event of a major earthquake or other natural or manmade disaster. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 988 | Unanticipated changes in the Company's tax rates could affect its future results. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 989 | The Company's future effective tax rates could be favorably or unfavorably affected by unanticipated changes in the mix of earnings in countries with differing statutory tax rates, changes in the valuation of the Company deferred tax assets and liabilities, or by changes in tax laws or their interpretation. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 990 | The Company's stock price may be volatile. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 991 | The Company's stock has at times experienced substantial price volatility as a result of variations between its actual and anticipated financial results and as a result of announcements by the Company and its competitors. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 992 | In addition, the stock market has experienced extreme price and volume fluctuations that have affected the market price of many technology companies in ways that have been unrelated to the operating performance of these companies. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 993 | These factors, as well as general economic and political conditions and investors' concerns regarding the credibility of corporate financial reporting and integrity of financial markets, may materially adversely affect the market price of the Company's common stock in the future. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 994 | Item 7A. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 995 | Disclosures About Market Risk
Interest Rate and Foreign Currency Risk Management
To ensure the adequacy and effectiveness of the Company's foreign exchange and interest rate hedge positions, as well as to monitor the risks and opportunities of the non-hedge portfolios, the Company continually monitors its foreign excha... | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 996 | However, given the effective horizons of the Company's risk management activities and the anticipatory nature of the exposures intended to hedge, there can be no assurance the aforementioned programs will offset more than a portion of the adverse financial impact resulting from unfavorable movements in either foreign e... | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 997 | In addition, the timing of the accounting for recognition of gains and losses related to mark-to-market instruments for any given period may not coincide with the timing of gains and losses related to the underlying economic exposures and, therefore, may adversely affect the Company's operating results and financial po... | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 998 | The Company adopted Statement of Financial Accounting Standard No. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 999 | 133, Accounting for Derivative Instruments and Hedging Activities, as of October 1, 2000. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 1,000 | SFAS No. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 1,001 | 133 establishes accounting and reporting standards for derivative instruments, hedging activities, and exposure definition. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 1,002 | Management does not believe that ongoing application of SFAS No. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 1,003 | 133 will significantly alter the Company's hedging strategies. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 1,004 | However, its application may increase the volatility of other income and expense and other comprehensive income. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 1,005 | Interest Rate Risk
While the Company is exposed to interest rate fluctuations in many of the world's leading industrialized countries, the Company's interest income and expense is most sensitive to fluctuations in the general level of U.S. interest rates. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 1,006 | In this regard, changes in U.S. interest rates affect the interest earned on the Company's cash, cash equivalents, and short-term investments as well as costs associated with foreign currency hedges. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 1,007 | The Company's fixed income investment policy and strategy is to ensure the preservation of capital, meet liquidity requirements, and optimize return in light of the current credit and interest rate environment. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 1,008 | The Company benchmarks its performance by utilizing external money managers to manage a small portion of the aggregate investment portfolio. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 1,009 | The external managers adhere to the Company's investment policies and also provide occasional research and market information that supplements internal research used to make credit decisions in the investment process. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 1,010 | During 1994, the Company issued $300 million aggregate principal amount of 6.5% unsecured notes in a public offering registered with the SEC. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 1,011 | The notes were sold at 99.925% of par, for an effective yield to maturity of 6.51%. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 1,012 | The notes pay interest semiannually and mature on February 15, 2004. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 1,013 | The Company's exposure to market risk for changes in interest rates relates primarily to the Company's investment portfolio and long-term debt obligations and related derivative financial instruments. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 1,014 | The Company places its short-term investments in highly liquid securities issued by high credit quality issuers and, by policy, limits the amount of credit exposure to any one issuer. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 1,015 | The Company's general policy is to limit the risk of principal loss and ensure the safety of invested funds by limiting market and credit risk. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 1,016 | All highly liquid investments with maturities of three months or less are classified as cash equivalents; highly liquid investments with maturities greater than three months are classified as short-term investments. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 1,017 | As of September 28, 2002, $1.087 billion of the Company's investment portfolio classified as short-term investments was invested in U.S. Agency and corporate debt securities with maturities ranging from 1 to 5 years. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 1,018 | As of September 29, 2001, $313 million of the Company's investment portfolio classified as short-term investments was in U.S. agency securities with underlying maturities ranging from 1 to 4 years. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 1,019 | The remainder all had underlying maturities between 3 and 12 months. | 0001047469-02-007674/full-submission.txt |
0000320193 | 20021219 | 10-K | 1,020 | Due to liquidity needs, or in anticipation of credit deterioration, or for the purpose of duration management of the Company's
investment portfolio, the Company may sell investments prior to their stated maturities. | 0001047469-02-007674/full-submission.txt |
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