In the past, we acquired companies that we believed would enhance the expansion of our business and products. We may make selective opportunistic acquisitions of companies or businesses with resources and product or service offerings capable of providing us with additional product and/or market strengths. Acquisitions involve significant risks and uncertainties, including:
•the industry may develop in a different direction than anticipated and the technologies we acquire may not prove to be those we need;
•the future valuations of acquired businesses may decrease from the market price we paid for these acquisitions;
•the revenues of acquired businesses may not offset increased operating expenses associated with these acquisitions;
•potential difficulties in completing
•potential difficulties in integrating new products, software, businesses and operations in an efficient and effective manner;
•our customers or customers of the acquired businesses may defer purchase decisions as they evaluate the impact of the acquisitions on our future product strategy;
•potential loss of key employees of the acquired businesses;
•diversion of the attention of our senior management from the operation of our daily business;
•entering new markets in which we have limited experience and where competitors may have a stronger market presence;
•potential issuance of common stock that would dilute our shareholders’ percentage ownership; and
•potential assumption of liabilities.
Our inability to successfully operate and integrate newly acquired businesses appropriately, effectively and in a timely manner could have a material adverse effect on our ability to take advantage of further growth in demand for
Acquisitions are inherently risky, and no assurance can be given that our previous or future acquisitions will be successful and will not materially adversely affect our business, operating results, or financial condition. Failure to manage and successfully integrate acquisitions could materially harm our business and operating results.
We operate in highly dynamic and volatile industries characterized by rapidly changing technologies, evolving industry standards, frequent new product introductions and short product life cycles.
The markets for our products are characterized by rapidly changing technologies, evolving industry standards, frequent new product introductions and short product life cycles. Our success depends, in substantial part, on the timely and successful introduction of high quality new products and upgrades, as well as cost reductions on current products to address the operational speed, bandwidth, efficiency and cost requirements of our customers. Our success will also depend on our ability to comply with emerging industry standards, to operate with products of other suppliers, to integrate, simplify and reduce the number of software programs used in our portfolio of products, to address emerging market trends, to provide our customers with new
The success of new or enhanced products, including
105