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XYRATEX LTDNOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)(U.S. dollars and amounts in thousands, except per share data, unless otherwise stated)4. Acquisition and purchase of intangible assets (Continued)The Company has made estimates of the fair values of the acquired assets and liabilities.Allocation of the purchase price to tangible and intangible assets is as follows:Cash ................................................... $10,322Accounts receivable ........................................ 527Inventory ................................................ 10,028Other current assets ........................................ 43Property, plant and equipment ................................ 437Accounts payable .......................................... (4,808)Deferred revenue—customer deposits ........................... (17,072)Other accrued liabilities ..................................... (326)Net tangible liabilities ................................... (849)Indentifiable intangible assetsExisting technology ....................................... 4,300Core technology ......................................... 2,700Order backlog .......................................... 1,200Existing customer relationships .............................. 3,300Goodwill ................................................ 6,571Initial purchase price ....................................... $17,222There is no value attributable to In-Process Research and Development. Goodwill is attributable tothe Storage Infrastructure segment.Intangible assets with identifiable lives for this acquisition are being amortized on a straight linebasis for their remaining lives as follows:Existing technology ...................................... 3 to 7 yearsCore technology ........................................ 7 yearsOrder backlog .......................................... 2 yearsExisting customer relationships ............................. 7 yearsThe intangible assets are expected to be deductible for tax purposes.The results of the acquired business have been included in the Consolidated Statement ofOperations with effect from May 23, 2005.The following unaudited pro-forma summary presents information as if the acquisition of thebusiness and assets of Oliver Design had occurred as of December 1, 2004. The pro-forma data giveseffect to actual operating results prior to the acquisition, adjusted to include certain pro-formaadjustments including the amortization of intangible assets, reduced interest income and an additionalincome tax provision. The pro-forma amounts do not purport to be indicative of the results that wouldF-17