Apple Acquires Emagic

Apple today announced it has acquired Emagic, a leading provider of professionalsoftware solutions for computer-based music production. Emagic’s mostpopular product, Logic, is actively used by over 200,000 musicians aroundthe world. Emagic will operate as a wholly owned division of Apple.

“Emagic has set the industry standard for professional music creation andproduction”, said Sina Tamaddon, Apple’s senior vice president ofApplications. “We’re very excited to have the Emagic team join Apple and create more amazing products for musicians”.

Macintosh-based products account for over 65 percent of Emagic’s currentrevenues. Emagic’s Windows-based product offerings will be discontinued onSeptember 30th, 2002.

This press release contains certain “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may vary materially from the expectations contained herein. The forward-looking statements contained herein include statements about the consummation of thetransaction with Emagic and benefits of the pending transaction with Emagic.Factors that could cause actual results to differ materially from thosedescribed herein include the inability to obtain regulatory approvals andthe inability to successfully integrate the Emagic business. Apple Computeris under no obligation to (and expressly disclaims any such obligation to)update or alter its forward-looking statements, whether as a result of newinformation, future events or otherwise.
 

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