1010552--2/29/2008--POLYCOM

related topics

{customer, product, revenue}

{cost, operation, labor}

{stock, price, operating}

{regulation, change, law}

{condition, economic, financial}

{product, market, service}

{operation, international, foreign}

{property, intellectual, protect}

{regulation, government, change}

{competitive, industry, competition}

{control, financial, internal}

{product, candidate, development}

{tax, income, asset}

{acquisition, growth, future}

If we fail to compete successfully domestically and internationally, our business and results of operations would be significantly harmed. Competition in each of our markets is intense, and our inability to compete effectively in any of these markets could negatively affect our results of operations. We face risks associated with developing and marketing our products, including new product development and new product lines that require a more direct-touch sales model. Our quarterly operating results may fluctuate significantly and are not necessarily a good indicator of future performance. General economic conditions may reduce our revenues and harm our business. Difficulties in integrating our acquisitions could adversely impact our business. We experience seasonal demand for our products and services, which may adversely impact our results of operations during certain periods. Our operating results are hard to predict as a significant amount of our sales may occur at the end of a quarter and certain of our service provider contracts include contractual acceptance provisions. We face risks related to our dependence on channel partners to sell our products. If revenues from sales to our service provider customers decrease significantly from prior periods, our results of operations may suffer materially. We face risks related to our international operations and sales. Difficulties we may encounter managing a substantially larger business could adversely affect our operating results. We have limited supply sources for some key components of our products and for the outside development and manufacture of certain of our products, and our operations could be harmed by supply interruptions, component defects or unavailability of these components or products. Manufacturing disruption or capacity constraints would harm our business. If we have insufficient proprietary rights or if we fail to protect those rights we have, our business would be materially impaired. Loss of government contracts or failure to obtain required government certifications could have a material adverse effect on our business. While we believe we currently have adequate internal control over financial reporting, we are required to evaluate our internal control over financial reporting under Section 404 of the Sarbanes-Oxley Act of 2002 and any adverse results from such evaluation could result in a loss of investor confidence in our financial reports and have an adverse effect on our stock price. Changes in existing financial accounting standards or practices may adversely affect our results of operations. Changes in our tax rates could adversely affect our future results. Business interruptions could adversely affect our operations. Our cash flow could fluctuate due to the potential difficulty of collecting our receivables and managing our inventories. Our stock price fluctuates as a result of the conduct of our business and stock market fluctuations.

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1010552--2/29/2008--POLYCOM_INC