1085280--2/10/2006--TIBCO_SOFTWARE

related topics

{customer, product, revenue}

{property, intellectual, protect}

{personnel, key, retain}

{investment, property, distribution}

{stock, price, operating}

{regulation, change, law}

{product, market, service}

{acquisition, growth, future}

{operation, international, foreign}

{financial, litigation, operation}

{control, financial, internal}

{stock, price, share}

{provision, law, control}

{operation, natural, condition}

{condition, economic, financial}

{loss, insurance, financial}

{system, service, information}

Our future revenue is unpredictable and we expect our quarterly operating results to fluctuate, which may cause our stock price to decline. Our stock price may be volatile, which could cause investors to lose all or part of their investments in our stock or negatively impact the effectiveness of our equity incentive plans. Increases in services revenues as a percentage of total revenues may decrease overall margins. We must overcome significant competition in order to succeed. Future changes in financial accounting standards may adversely affect our reported results of operations. Our strategy contemplates possible future acquisitions which may result in us incurring unanticipated expenses or additional debt, difficulty in integrating our operations, dilution to our stockholders and may harm our operating results. The past slowdown in the market for infrastructure software and its protracted recovery have caused our revenue to decline in the past and could cause our revenue or results of operations to fall below expectations in the future. Our business is subject to seasonal variations which make quarter-to-quarter comparisons difficult. Any failure by us to meet the requirements of current or newly-targeted customers may have a detrimental impact on our business or operating results. Any losses we incur as a result of our exposure to the credit risk of our customers could harm our results of operations. We are required to undertake an annual evaluation of our internal control over financial reporting ( ICFR ) that may identify internal control weaknesses requiring remediation, which could harm our reputation and confidence in our financial reporting. Regulatory requirements have caused us to incur increased costs and operating expenses, may limit our ability to obtain director and officer liability insurance and may make it more difficult for us to attract and retain qualified officers and directors. We may incur significant expenses in both hiring new employees and reducing or re-aligning our headcount in response to changing market conditions. If we do not retain our key management personnel and attract, hire and retain other highly skilled employees, we may not be able to execute our business strategy effectively. The value of our equity incentive programs may diminish as a retention tool as a result of the changes in the financial accounting standards and our stock price volatility. The inability to upsell to our current customers or the loss of any significant customer could harm our business and cause our stock price to decline. Our products may infringe the intellectual property rights of others, which may cause us to incur unexpected costs or prevent us from selling our products. Our intellectual property or proprietary rights could be misappropriated, which could force us to become involved in expensive and time-consuming litigation. Market acceptance of new platforms and web services standards may require us to undergo the expense of developing and maintaining compatible product lines. We may experience foreign currency gains and losses. Our agreement with Reuters places certain limitations on our ability to conduct our business. Natural or other disasters could disrupt our business and result in loss of revenue or in higher expenses. The outcome of litigation pending against us could require us to expend significant resources and could harm our business and financial resources. The use of Open Source Software in our products may expose us to additional risks. Some provisions in our certificate of incorporation and bylaws, as well as a stockholder rights plan, may have anti-takeover effects.

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1085280--2/10/2006--TIBCO_SOFTWARE_INC