INTANGIBLE ASSETS

3 Months Ended

Sep. 30, 2011

Intangible Assets Disclosure [Text Block]

NOTE 7 — INTANGIBLE ASSETS

Intangible assets, net, primarily consist of the intangible assets acquired in the June 2008 acquisition of Snap Server. The identifiable intangible assets acquired in the Snap Server acquisition consist of existing technology (acquired technology), which has been assigned an estimated useful life of four years, and customer contracts and trade names, which have been assigned an estimated useful life of six years. The intangible assets are being amortized on a straight-line basis over their estimated useful lives.

The following table summarizes intangible assets (in thousands):



	September 30, 2011			June 30, 2011
Acquired technology	$	1,928		$	1,928
Customer contracts and trade names	3,853			3,853
	5,781			5,781
Less: Accumulated amortization	(3,570		)	(3,283		)
	$	2,211		$	2,498

Amortization expense of intangible assets was $0.3 million during the first quarters of both fiscal 2012 and 2011. Estimated amortization expense for intangible assets is $0.8 million during the remainder of fiscal 2012 and $0.7 million in each of fiscal 2013 and 2014.