772406--5/29/2008--CIRRUS_LOGIC

related topics

{customer, product, revenue}

{product, market, service}

{property, intellectual, protect}

{operation, international, foreign}

{competitive, industry, competition}

{condition, economic, financial}

{cost, operation, labor}

{acquisition, growth, future}

{personnel, key, retain}

{tax, income, asset}

{system, service, information}

{product, liability, claim}

Our products may be subject to average selling prices that decline over short time periods. If we are unable to increase our volumes, introduce new or enhanced products with higher selling prices or reduce our costs, our business and operating results could be harmed. Our results may be affected by the fluctuation in sales in the consumer entertainment market. The highly cyclical and volatile nature of our industry may affect our operating results. Because we do not have long-term agreements with our customers and generally do not have a significant backlog of unfilled orders, our revenue and operating results in any quarter are difficult to forecast and are substantially dependent upon customer orders received and fulfilled in that quarter. Our failure to develop and timely introduce new products that gain market acceptance could harm our operating results. Our products are complex and could contain defects, which could result in material costs to us. Shifts in industry-wide capacity and our practice of purchasing our products based on sales forecasts may result in significant fluctuations in our quarterly and annual operating results. We have significant international sales, and risks associated with these sales could harm our operating results. Our failure to manage our distribution channel relationships could adversely affect our business. Our international operations subject our business to additional political and economic risks that could have an adverse impact on our business. Because we depend on subcontractors primarily located in Asia to perform key manufacturing functions for us, we are subject to political and economic risks that could disrupt the assembly, packaging, or testing of our products. Strong competition in the semiconductor market may harm our business. We may be unable to protect our intellectual property rights. Potential intellectual property claims and litigation could subject us to significant liability for damages and could invalidate our proprietary rights. If we fail to attract, hire and retain qualified personnel, we may not be able to develop, market, or sell our products or successfully manage our business. We may face difficulties integrating and may incur costs associated with our acquisition of Apex. We may acquire other companies or technologies, which may create additional risks associated with our ability to successfully integrate them into our business. Future transactions may limit our ability to use our net operating loss carryforwards.

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772406--5/29/2008--CIRRUS_LOGIC_INC