CORRESP 1 filename1.htm SEC Response letter
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Dewey & LeBoeuf LLP

1301 Avenue of the Americas

New York, NY 10019-6092

 

tel (212) 259-8000

fax (212) 259-6333

March 26, 2012

Peggy Kim

Special Counsel

Office of Mergers & Acquisitions

Securities and Exchange Commission

Division of Corporation Finance

100 F. Street, N.E.

Washington, D.C. 20549-3628

 

  Re: Illumina, Inc.
    Definitive Additional Materials
    Filed March 19, 2012
    File No. 1-35406

Dear Ms. Kim:

On behalf of our client, Illumina, Inc., a Delaware corporation (the “Company”), set forth below are responses to the comments of the Staff of the Office of Mergers & Acquisitions (the “Staff”) of the Securities and Exchange Commission (the “Commission”) set forth in your letter, dated March 20, 2012, to Frederick W. Kanner of Dewey & LeBoeuf LLP with respect to the filing referenced above. The numbering of the paragraphs below corresponds to the numbering of the Staff’s comment letter, the text of which we have incorporated into this response letter for convenience.

Definitive Additional Material

 

  1. We note that you have included non-GAAP earnings per share (EPS) information. Please revise or advise us as to the consideration given to whether this non-GAAP financial measure would require additional disclosure pursuant to Rule 100(a) of Regulation G and Item 10(e) of Regulation S-K. Please refer to Question 102.05, Non- GAAP Financial Measures section of the Division’s Compliance and Disclosure Interpretations. We may have additional comments after we review your response.

The Company has revised the definitive additional materials according to the Staff’s Comment 1. Please see the second page of the letter to stockholders and Annex A.

Dewey & LeBoeuf LLP is a New York limited liability partnership.

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March 26, 2012

Page 2

 

  2. Please revise or supplementally provide us with support for the statement that Illumina has generated a 1,129% return for its stockholders over the ten-year period ending January 2012.

The Company has provided documents in response to the Staff’s Comment 2 supporting the statement that Illumina has generated a 1,129% return for its stockholders over the ten-year period ending January 2012. Please refer to the attached Exhibit A which includes supporting information compiled by the Company from Thompson Reuters data, showing the stock price appreciation of Illumina stock and the S&P 500 Index in each month from January 2002 through January 2012. In addition, please see the pages from Yahoo! Finance, attached as Exhibit B, highlighting the historical closing prices of Illumina stock and the S&P 500 Index on January 31, 2002 and January 31, 2012.

 

  3. We note the statement that “if successful, Roche’s scheme would remove our CEO and three independent, experienced and highly qualified directors;” however, Roche is not proposing to remove any directors. Please revise.

The Company has revised the definitive additional materials according to the Staff’s Comment 3. Please see the last page of the letter to stockholders.

*        *        *

We have been authorized to and do hereby acknowledge and confirm on behalf of the Company that: (1) the Company is responsible for the adequacy and accuracy of the disclosure in the filing; (2) Staff comments or changes to disclosure in response to Staff comments do not foreclose the Commission from taking any action with respect to the filing; and (3) the Company may not assert Staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.

*        *        *

If you have any questions or if the Staff has further comment, please call Frederick W. Kanner (tel: 212-259-7300) or Eric Blanchard (tel: 212-259-6016) of Dewey & LeBoeuf LLP.

 

Sincerely,

/s/ Frederick W. Kanner

Frederick W. Kanner

 

cc: Illumina, Inc.
  Christian G. Cabou

Exhibit A

 

 

 

                                      STOCK PRICE

                                   APPRECIATION

   

  

         
  ILMN                 S&P 500           DATE            ILMN         S&P 500     
  100         100         Jan-02         4.22         1,130.20   
  81.27962085         97.92338         Feb-02         3.43         1,106.73   
  112.0853081         101.521         Mar-02         4.73         1,147.39   
  99.52606635         95.28579         Apr-02         4.20         1,076.92   
  75.82938389         94.42046         May-02         3.20         1,067.14   
  79.62085308         87.57919         Jun-02         3.36         989.82   
  52.8436019         80.66006         Jul-02         2.23         911.62   
  46.68246445         81.0538         Aug-02         1.97         916.07   
  40.75829384         72.13591         Sep-02         1.72         815.28   
  48.34123223         78.37197         Oct-02         2.04         885.76   
  59.24170616         82.84463         Nov-02         2.50         936.31   
  39.81042654         77.8464         Dec-02         1.68         879.82   
  35.5450237         75.71226         Jan-03         1.50         855.70   
  28.67298578         74.42488         Feb-03         1.21         841.15   
  26.77725118         75.04689         Mar-03         1.13         848.18   
  23.69668246         81.129         Apr-03         1.00         916.92   
  40.99526066         85.25836         May-03         1.73         963.59   
  33.17535545         86.22368         Jun-03         1.40         974.50   
  36.25592417         87.62254         Jul-03         1.53         990.31   
  42.65402844         89.18864         Aug-03         1.80         1,008.01   
  63.27014218         88.12334         Sep-03         2.67         995.97   
  71.80094787         92.96673         Oct-03         3.03         1,050.71   
  81.27962085         93.62945         Nov-03         3.43         1,058.20   
  83.6492891         98.38259         Dec-03         3.53         1,111.92   
  103.7914692         100.0823         Jan-04         4.38         1,131.13   
  80.33175355         101.3042         Feb-04         3.39         1,144.94   
  88.86255924         99.64697         Mar-04         3.75         1,126.21   
  89.09952607         97.97381         Apr-04         3.76         1,107.30   
  75.11848341         99.15767         May-04         3.17         1,120.68   
  74.88151659         100.9414         Jun-04         3.16         1,140.84   
  61.13744076         97.48009         Jul-04         2.58         1,101.72   
  68.2464455         97.70306         Aug-04         2.88         1,104.24   
  69.90521327         98.61794         Sep-04         2.95         1,114.58   
  76.30331754         100         Oct-04         3.22         1,130.20   
  90.04739336         103.8595         Nov-04         3.80         1,173.82   
  112.3222749         107.2306         Dec-04         4.74         1,211.92   

  114.6919431         104.5187         Jan-05         4.84         1,181.27   
  98.1042654         106.4944         Feb-05         4.14         1,203.60   
  95.73459716         104.4585         Mar-05         4.04         1,180.59   
  116.3507109         102.358         Apr-05         4.91         1,156.85   
  124.4075829         105.4238         May-05         5.25         1,191.50   
  142.8909953         105.4088         Jun-05         6.03         1,191.33   
  132.7014218         109.2001         Jul-05         5.60         1,234.18   
  144.549763         107.9747         Aug-05         6.10         1,220.33   
  151.8957346         108.725         Sep-05         6.41         1,228.81   
  184.3601896         106.7961         Oct-05         7.78         1,207.01   
  186.7298578         110.5539         Nov-05         7.88         1,249.48   
  167.0616114         110.4486         Dec-05         7.05         1,248.29   
  254.028436         113.2614         Jan-06         10.72         1,280.08   
  301.4218009         113.3127         Feb-06         12.72         1,280.66   
  281.5165877         114.5664         Mar-06         11.88         1,294.83   
  374.6445498         115.9627         Apr-06         15.81         1,310.61   
  323.6966825         112.3775         May-06         13.66         1,270.09   
  351.4218009         112.3872         Jun-06         14.83         1,270.20   
  452.8436019         112.9588         Jul-06         19.11         1,276.66   
  399.0521327         115.3619         Aug-06         16.84         1,303.82   
  391.4691943         118.1959         Sep-06         16.52         1,335.85   
  520.8530806         121.92         Oct-06         21.98         1,377.94   
  455.450237         123.9276         Nov-06         19.22         1,400.63   
  465.8767773         125.4911         Dec-06         19.66         1,418.30   
  483.8862559         127.2554         Jan-07         20.42         1,438.24   
  398.1042654         124.4753         Feb-07         16.80         1,406.82   
  347.1563981         125.7176         Mar-07         14.65         1,420.86   
  386.7298578         131.16         Apr-07         16.32         1,482.37   
  386.7298578         135.4291         May-07         16.32         1,530.62   
  481.042654         133.0163         Jun-07         20.30         1,503.35   
  539.8104265         128.7622         Jul-07         22.78         1,455.27   
  572.2748815         130.4185         Aug-07         24.15         1,473.99   
  614.6919431         135.0867         Sep-07         25.94         1,526.75   
  665.4028436         137.089         Oct-07         28.08         1,549.38   
  684.8341232         131.0511         Nov-07         28.90         1,481.14   
  702.1327014         129.9204         Dec-07         29.63         1,468.36   
  754.7393365         121.974         Jan-08         31.85         1,378.55   
  858.056872         117.734         Feb-08         36.21         1,330.63   
  899.2890995         117.0324         Mar-08         37.95         1,322.70   
  922.7488152         122.5969         Apr-08         38.94         1,385.59   
  929.8578199         123.9055         May-08         39.24         1,400.38   
  1032.227488         113.2543         Jun-08         43.56         1,280.00   
  1104.739336         112.1377         Jul-08         46.62         1,267.38   
  1020.379147         113.5047         Aug-08         43.06         1,282.83   
  960.4265403         103.1994         Sep-08         40.53         1,166.36   
  730.5687204         85.71492         Oct-08         30.83         968.75   
  521.563981         79.29924         Nov-08         22.01         896.24   
  617.2985782         79.91948         Dec-08         26.05         903.25   
  648.3412322         73.07379         Jan-09         27.36         825.88   
  742.4170616         65.0407         Feb-09         31.33         735.09   
  882.464455         70.59547         Mar-09         37.24         797.87   
  885.07109         77.22615         Apr-09         37.35         872.81   
  869.9052133         81.32543         May-09         36.71         919.14   
  922.7488152         81.34136         Jun-09         38.94         919.32   
  856.3981043         87.37215         Jul-09         36.14         987.48   

  835.7819905         90.30437         Aug-09         35.27         1,020.62   
  1007.109005         93.53035         Sep-09         42.50         1,057.08   
  760.6635071         91.682         Oct-09         32.10         1,036.19   
  685.3080569         96.94125         Nov-09         28.92         1,095.63   
  727.014218         98.66395         Dec-09         30.68         1,115.10   
  869.4312796         95.01593         Jan-10         36.69         1,073.87   
  860.6635071         97.72518         Feb-10         36.32         1,104.49   
  921.8009479         103.4711         Mar-10         38.90         1,169.43   
  991.2322275         104.9982         Apr-10         41.83         1,186.69   
  996.2085308         96.3909         May-10         42.04         1,089.41   
  1031.516588         91.19713         Jun-10         43.53         1,030.71   
  1062.322275         97.46947         Jul-10         44.83         1,101.60   
  1016.350711         92.84463         Aug-10         42.89         1,049.33   
  1165.876777         100.9733         Sep-10         49.20         1,141.20   
  1286.966825         104.6947         Oct-10         54.31         1,183.26   
  1424.64455         104.455         Nov-10         60.12         1,180.55   
  1500.947867         111.2759         Dec-10         63.34         1,257.64   
  1643.127962         113.7958         Jan-11         69.34         1,286.12   
  1644.549763         117.4323         Feb-11         69.40         1,327.22   
  1660.42654         117.3093         Mar-11         70.07         1,325.83   
  1681.990521         120.6521         Apr-11         70.98         1,363.61   
  1708.056872         119.0232         May-11         72.08         1,345.20   
  1780.805687         116.8501         Jun-11         75.15         1,320.64   
  1479.85782         114.3408         Jul-11         62.45         1,292.28   
  1234.597156         107.8473         Aug-11         52.10         1,218.89   
  969.6682464         100.1079         Sep-11         40.92         1,131.42   
  725.5924171         110.8919         Oct-11         30.62         1,253.30   
  659.2417062         110.3309         Nov-11         27.82         1,246.96   
  722.2748815         111.2723         Dec-11         30.48         1,257.60   
  1228.909953         116.122         Jan-12         51.86         1,312.41   
  1128.909953         16.122            

Exhibit B

 

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ILMN Historical prices| Illumina, inc. Stock – Yahoo! Finance http://finance.yahoo.com/q/hp?s=ILMN&a=00&b=31&c=2012&d New User? Register Sign ln Help Make YI My Homepage Mail My YI Yahoo! Search Search Web HOME INVESTING NEWS PERSONAL FINANCE MY PORTFOLIOS EXCLUSIVES FANTASY FINANCE Get Quotes Fri, Mar 23, 2012, 7:35pm EDT - US Markets are closed Dow 0.27% Nasdaq to 0.15% ILMN IS UP Ameritrade ILMN Go o illumina, Inc. (ILMN) / NasdaqGS Add to Portfolio Like 33 50.46 0.24 (0.48%) 400PM EDT | After Hours 50.46 0.00 (0 00%) 4:10PM EDT - Nasdaq Real Time Price Historical Prices Get Historical Prices for: GO Set Date Range Daily Start Date: I Jan 31 2012 Eg. Jan 1, 2010 Weekly End Dale: Jan 31 2012 Monthly Dividends Only Get Prices First | Previous | Next | Last Prices Date Open High Low Close Volume Adj Close* Jan 31, 2012 51.01 51.95 50.80 51.86 3,745,200 51.86 Close price adjusted for dividends and spits. First | Previous | Next | Last * Download to Spreadsheet Currency in USD. AdChoices The only Advisor who won’t cost you marketing dollars. YAHOO! News | Tools | Advice Check it Out Copyright (c) 2012 Yahoo! Inc All rights reserved. Privacy Policy About Out Ads- Terms or Service Copyright/Ip Policy Send Feedback -Yahoo! - ABC News Network Quotes for NYSE, Nasdaq and NYSEAmex are Real-time and sourced from Nasdaq Last Sale when available if not available from MS quotes will appear delayed Tom primary sting source See also delay limes (or other exchanges Quotes and other Information supplied by Independent providers identified on the Yahoo Finance partner page Quotes are updated automatically, but will be turned off after 25 minutes of inactivity Quotes are delayed at least 15 minutes. All information provided “as is” for informational purposes only not intended for trading purposes or advice Neither Yahoo! nor any of independent providers is table for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein By accessing the Yahoo! site you agree not to redistribute the information found therein, Fundamental company data provided by Capital IQ Historical chart data and daily updates provided by Commodity Systems, Inc (CSI) International historical chart data daily updates fund summery fund performance dividend data and Morningstar Index data provided by Morningstar. Inc

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New User? Register Sign In Help Make YI My Homepage Mall My YI Yahoo! Search Search Web HOME INVESTING NEWS PERSONAL FINANCE MY PORTFOLIOS EXCLUSIVES FANTASY FINANCE Get Quotes Fri, Mar 23, 2012, 7 35pm EDT - US Markets are closed Dow 0.27% Nasdaq 0.15% E TRADE OPEN an account start o ILMN Illumina, Inc. (ILMN) - NasdaqGS Add to Portfolio Like 33 50.45 * 0.24 (0.48%) 4 00PM EDT | After Hours: 50.46 0.00 (000%) 4 10PM EDT - Nasdaq Real Time Price Historical Prices Get Historical Prices for: GO Set Date Range * Daily Start Date: I Jan 31 2002 Eg. Jan 1, 2010 Weekly End Date: Jan 31 2002 Monthly Dividends Only Get Prices First | Previous | Next | Last Prices Date Open High Low Close Volume Adj Close* Jan 31, 2002 8.63 8.75 825 8.45 102,800 4.22 Close price adjusted for dividends and splits. First | Previous | Next | Last * Download to Spreadsheet Currency in USD. copyright (c) 2012 Yahoo! Inc All rights reserved Privacy PoIicy - About Our Ads - Terms of Service - Copyright/IP Policy Send Feedback Yahoo! - ABC News Network Quotes for NYSE, Nasdaq and NYSEAmex are Real-time and sourced from Nasdaq Last Sale when available. If not available from NLS quotes will appear delayed from primary listing source See also delay times for other exchanges. Quotes and other information supplied by independent providers Identified on the Yahoo! Finance partner page Quotes are updated automatically but will be turned off after 25 minutes of inactivity Quotes are delayed at least 15 minutes. AH information provided “as is” for informational purposes only, not Intended for trading purposes or advice Neither Yahoo nor any of independent providers is liable for any Informational errors incompleteness, or delays or for any actions taken in reliance on information contained herein By accessing the Yahoo! site you agree not to redistribute the information found therein. Fundamental company data provided by Capital IQ Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI) International historical chart data daily updates fund summary, fund performance, dividend data and Morningstar Index data provided by Morningstar, Inc.

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SPX Historical Index Quotes – S&P 500 Index Historical Index Quotes http://www.marketwatch.com/investing/index/SPX/historical I 1 [Enter Symbols or Keywords | SEARCH | Latest News View All | Slide show 6:27p Radio Update: Stocks mixed week, winning day 6:12p Premier Bank becomes 15th U.S failure this year A Century Of D.C. blossoms 6:09p Corzine approved MF Global fund transfer probe This year’s Washington Cherry Blossom March 23, 2012 6:45 PM EDT 606p Festival commemorates the 100th anniversary of Japan donating the trees. New York London Tokyo DOW -34 59 NASDAQ +4.60 S&P 500 +4.33 . Hong Kong’s election In pictures After Closed Closed 13,080.73 +0 27% 3,067.92 +0 15% 1,397.11 +0 31% Home News Viewer Markets Investing Personal Finance Industries Economy/Politics Trading Deck Login Portfolio Alerts Games E*TRADE $3.95 D Ameritrade S&P 500 Index Set Alerts Find a broker Enter Symbol or Keyword GO Add to Portfolio’ SNC:SPX Like 443 OVERVIEW NEWS CHARTS HISTORICAL QUOTES OPTIONS PICKS Market Closed - Mar 23, 2012, 4:32 p.m. Previous close Day low Day high 52 week low 52 week high 1 ,397.11 +4.33 + 0.31% 1,392.78 1.386.87 1.399.18 1,074.77 1,414.00 Volume 570.17m 10a 11a 12p 1p 2p 3p Enter Date:01/31/2012 I Sal Historical quote for: SPX Tuesday, January 31, Closing price: 1,312.41 Open: 1,313.53 High: 1,321.41 Low: 1.306.69 Volume: n/a SNPK is Exploding Sunpeaks Ventures Is The Hottest Stock on The Market Buy it Early I www.smallcapfortunes.con/snpk $3.98 Unlimited Hosting Free Domain. Unlimited MySQL/PHP. Unlimited Space. Scripts Installer. www.Doteasy.com/Services/WebHostng Top 10 Hosting Reviews Web Hosting with Uptime Guarantee, No Fees & Domain Name Included WebHostingSearch.corn MarketWatch.com Enter Symbols or Keywords SEARCH Site Index Company Info MarketWatch on Facebook WSJ.com MarketWatch Community Topics Code of Conduct Like 89k Barron’s Online Financial News Online Help Corrections MarketWatch on Twitter BigCharts WSJ.com Small Business Feedback Advertising Media Kit 420K* followers virtual Stock Exchange FINS: Finance, IT jobs, Sales Jobs Newsroom Roster Advertise Locally All Things Digital Media Archive License our Content Rss Premium Products Broker Center Podcasts Mobile Your Ad Choices Intraday Data provided by SIX Telekurs and subject to terms of use. Historical and current end-of-day data provided by SIX Telekurs. Intraday data delayed per exchange requirements. Dow Jones Indexes (SM) from Dow Jones & Company, Inc. All quotes are in local exchange time. Real time last sale data provided by NASDAQ. More information on NASDAQ traded symbols and their current financial status. Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Dow Jones IndexesSM from Dow Jones & Company, Inc. SEHK intraday data is provided by SIX Telekurs and is at least 60-minutes delayed. All quotes are in local exchange time. Copyright © 2012 MarketWatch, Inc. All rights reserved. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED 10/18/2011

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SPX Historical Index Quotes – S&P 500 Index Historical Index Quotes http://www.marketwatch.com/investing/index/SPX/historical Enter Symbols or Keywords | SEARCH View All 1 6:27p Radio Update: Stocks mixed week, winning day 6:12p Premier Bank becomes 15th U.S. failure this year 6:09p Corzine approved MF Global fund transfer probe March 23, 2012 6:45 PM EDT 6:06p meena krishnamsetty Red alert for gold There are always political factors that weigh in on the price of gold, in this case, a military coup in Mali that may have significant consequences. “New York London Tokyo DOW. +34.59 I NASDAQ 4.60 |s&P 500 *4.33 After Closed Closed 13,080.73 +027% 3,067.92 +0.15% 1,397.11 +0.31% Home News Viewer Markets Investing Personal Finance Industries Economy/Politics Trading Deck Login Portfolio Alerts Games E*TRADE $3.95 D Ameritrade $7.95 Fidelity S&P 500 index Set Alerts Find a Broker Enter Symbol or Keyword GO Add to Portfolio SNC:SPX Like 443 OVERVIEW NEWS CHARTS HISTORICAL QUOTES OPTIONS PICKS Market closed - Mar 23, 2012, 4:32 p,m. Previous close Day low Day high 52 week low 52 week high 1 ,397.11 +4.33+0.31% _1,392.78 1.386.87 1,399.18 1.074.77 1,414.00 Volume 670.17m 10a 11a 12p 1p 2p 3p Enter Date:01/31/2002 Set Historical quote for: SPX Thursday, January 31, 2002 Closing price: 1,130.20 Open: 1,113.57 High: 1.130.21 Low. 1.113.30 Volume: n/a SNPK Is Exploding Sunpeaks Ventures Is The Hottest Stock on The Market Buy it Early| vww.smallcapfortunes.com/snpk $3.98 Unlimited Hosting Free Domain. Unlimited MySQL/PHP. Unlimited Space. Scripts Installer. www.Doteasy.com/Services/WebHosting Top 10 Hosting Reviews Web Hosting with Uptime Guarantee, No Fees & Domain Name Included webHostingSearch.com MarketWatch.com Enter Symbols or Keywords Site Index Company Info MarketWatch on Facebook W8J.com Marketwatch Community Topics Code of Conduct Like 89k Barren’s Online Financial News Online Help Corrections BigCharts WSJ.com Small Business Marketwatch on Twitter Feedback Advertising Media Kit Follow 420K followers Virtual Stock Exchange FINS: Finance, IT Jobs, Sates Jobs Newsroom Roster Advertise Locally ‘ All Things Digital Media Archive License our Content RsS Premium Products Broker Center Podcasts Mobile Your Ad Choices Intraday Data provided by SIX Telekurs and subject to terms of use. Historical and current end-of-day data provided by SIX Telekurs. Intraday data delayed per exchange requirements. Dow Jones Indexes (SM) from Dow Jones & Company, Inc. All quotes are in local exchange time. Real time last sale data provided by NASDAQ. More information on NASDAQ traded symbols and their current financial status. Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Dow Jones IndexesSM from Dow Jones & Company, Inc. SEHK intraday data is provided by SIX Telekurs and is at least 60-minutes delayed. All quotes are in local exchange time. Copyright (c) 2012 Marketwatch All rights reserved Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Dow Jones IndexesSM from Dow Jones & Company By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED 10/18/2011.