Apple Acquires Emagic

[MIKE BURN]

July 1st 2002



CUPERTINO, California and HAMBURG, Germany -- July 1, 2002 --



Apple today announced it has acquired Emagic, a leading provider of professional software solutions for computer based music production. Emagic's most popular product, Logic, is actively used by over 200,000 musicians around the world. Emagic will operate as a wholly owned division of Apple.



"Emagic has set the industry standard for professional music creation and production," said Sina Tamaddon, Apple's senior vice president of Applications. "We're very excited to have the Emagic team join Apple and create more amazing products for musicians."



Emagic's Windows-based products will be discontinued on September 30, 2002.

MIKE