1018003--3/2/2010--INGRAM_MICRO

related topics

{financial, litigation, operation}

{system, service, information}

{regulation, change, law}

{capital, credit, financial}

{tax, income, asset}

{operation, international, foreign}

{personnel, key, retain}

{product, market, service}

{operation, natural, condition}

{stock, price, operating}

{acquisition, growth, future}

{customer, product, revenue}

{condition, economic, financial}

We have significant credit exposure to our customers and negative trends in their businesses could cause us significant credit loss. We continually experience intense competition across all markets for our products and services. We operate a global business that exposes us to risks associated with international activities. We are dependent on a variety of information systems, which, if not properly functioning, could adversely disrupt our business and harm our reputation and net sales. Changes in our credit rating or other market factors, such as adverse capital and credit market conditions or reductions in cash flow from operations, may affect our ability to meet liquidity needs, reduce access to capital, and/or increase our costs of borrowing. We have made and expect to continue to make investments in new business strategies and initiatives, including acquisitions, which could disrupt our business and have an adverse effect on our operating results. Terminations of a supply or services agreement or a significant change in supplier terms or conditions of sale could negatively affect our operating margins, revenue or the level of capital required to fund our operations. Changes in, or interpretations of, tax rules and regulations may adversely affect our effective income tax rates or operating margins and we may be required to pay additional tax assessments. We cannot predict what loss we might incur in litigation matters and contingencies that we may be involved with from time to time. Failure to retain and recruit key personnel would harm our ability to meet key objectives. We may incur material litigation, regulatory or operational costs or expenses, and may be frustrated in our marketing efforts, as a result of new environmental regulations or private intellectual property enforcement disputes. If our business does not perform well, we may be required to recognize further impairments of our intangible or other long-lived assets or to establish a valuation allowance against our deferred income tax assets, which could adversely affect our results of operations or financial condition. We face a variety of risks in our reliance on third-party service companies, including shipping companies for the delivery of our products and outsourcing arrangements. Changes in accounting rules could adversely affect our future operating results. Future terrorist or military actions could result in disruption to our operations or loss of assets in certain markets or globally. Our quarterly results have fluctuated significantly.

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1018003--3/2/2010--INGRAM_MICRO_INC