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AAPL » Topics » Acquisition of Spruce Technologies, Inc.

These excerpts taken from the AAPL 10-K filed Dec 19, 2003.

Acquisition of Spruce Technologies, Inc.

In July 2001, the Company acquired Spruce Technologies, Inc. (Spruce), a privately-held company that develops and markets DVD authoring products, for $14.9 million in cash. Goodwill associated with the acquisition of Spruce is not subject to amortization pursuant to the transition provisions of SFAS No. 142. The consolidated financial statements include the operating results of Spruce from the date of acquisition. Total consideration was allocated as follows (in millions):

Net tangible liabilities assumed   $ (0.7 )
Identifiable intangible assets     5.9  
Goodwill     9.7  
   
 
  Total consideration   $ 14.9  
   
 

Acquisition of Spruce Technologies, Inc.



In July 2001, the Company acquired Spruce Technologies, Inc. (Spruce), a privately-held company that develops and markets DVD authoring products, for
$14.9 million in cash. Goodwill associated with the acquisition of Spruce is not subject to amortization pursuant to the transition provisions of SFAS No. 142. The consolidated financial
statements include the operating results of Spruce from the date of acquisition. Total consideration was allocated as follows (in millions):














































Net tangible liabilities assumed $(0.7)
Identifiable intangible assets  5.9 
Goodwill  9.7 
  
 
 Total consideration $14.9 
  
 




These excerpts taken from the AAPL 10-K filed Dec 19, 2002.

Acquisition of Spruce Technologies, Inc.

In July 2001, the Company acquired Spruce Technologies, Inc. (Spruce), a privately-held company that develops and markets DVD authoring products, for $14.9 million in cash. Goodwill associated with the acquisition of Spruce is not subject to amortization pursuant to the transition provisions of SFAS No. 142.

69

The consolidated financial statements include the operating results of Spruce from the date of acquisition. Total consideration was allocated as follows (in millions):

Net tangible liabilities assumed   $ (0.7 )
Identifiable intangible assets     5.9  
Goodwill     9.7  
   
 
  Total consideration   $ 14.9  
   
 

Acquisition of Spruce Technologies, Inc.



In July 2001, the Company acquired Spruce Technologies, Inc. (Spruce), a privately-held company that develops and markets DVD authoring products, for
$14.9 million in cash. Goodwill associated with the acquisition of Spruce is not subject to amortization pursuant to the transition provisions of SFAS No. 142.



69








The consolidated financial statements include the operating results of Spruce from the date of acquisition. Total consideration was allocated as follows (in millions):














































Net tangible liabilities assumed $(0.7)
Identifiable intangible assets  5.9 
Goodwill  9.7 
  
 
 Total consideration $14.9 
  
 




EXCERPTS ON THIS PAGE:

10-K (2 sections)
Dec 19, 2003
10-K (2 sections)
Dec 19, 2002

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