805305--1/17/2006--QUIKSILVER

related topics

{product, market, service}

{condition, economic, financial}

{property, intellectual, protect}

{acquisition, growth, future}

{competitive, industry, competition}

{customer, product, revenue}

If we are unable to develop innovative and stylish products in response to rapid changes in consumer demands and fashion trends, we may suffer a decline in our revenues and market share. Our business could be harmed if we fail to maintain proper inventory levels. 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. We could be negatively impacted if we fail to successfully integrate the businesses we acquire. Cyclical trends in apparel, sporting goods and footwear retailing could have a material adverse effect on our results of operations. Our industry is subject to pricing pressures that may adversely impact our financial performance.

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805305--1/17/2006--QUIKSILVER_INC