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AAPL » Topics » Technology Acquisition

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

Technology Acquisition

As discussed in Note 4, during both 2002 and 2001 in its acquisition of Emagic and PowerSchool, respectively, the Company acquired certain technology that was under development and had no alternative future use. This resulted in the recognition of purchased in-process research and development in the amount of $551,000 for Emagic and $10.8 million for PowerSchool, which was charged to operations upon acquisition.

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Technology Acquisition



As discussed in Note 4, during both 2002 and 2001 in its acquisition of Emagic and PowerSchool, respectively, the Company acquired certain technology that was under
development and had no alternative future use. This resulted in the recognition of purchased in-process research and development in the amount of $551,000 for Emagic and
$10.8 million for PowerSchool, which was charged to operations upon acquisition.



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EXCERPTS ON THIS PAGE:

10-K (2 sections)
Dec 19, 2002

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