896878--9/12/2008--INTUIT

related topics

{system, service, information}

{product, market, service}

{property, intellectual, protect}

{tax, income, asset}

{customer, product, revenue}

{operation, international, foreign}

{personnel, key, retain}

{acquisition, growth, future}

{loss, insurance, financial}

{debt, indebtedness, cash}

{control, financial, internal}

{stock, price, operating}

{loan, real, estate}

{regulation, change, law}

{condition, economic, financial}

{regulation, government, change}

Future revenue growth for our core products depends upon our successful introduction of new and enhanced products and services. Interruption or failure of our information technology and communications systems could compromise the availability and security of our online products and services, which could damage our reputation and harm our operating results. If we fail to maintain reliable and responsive service levels for our electronic tax offerings, or if the IRS or other governmental agencies experience difficulties in receiving customer submissions, we could lose customers and our revenue and earnings could decrease. The nature of our products necessitates timely product launches and if we experience significant product quality problems or delays, it will harm our revenue, earnings and reputation. Our collection, use and retention of personal customer information present business operations and security risks, require us to incur expenses, and could harm our business. The growth of our business depends on our ability to adapt to rapid technological change. Our reliance on a limited number of manufacturing and distribution suppliers could harm our business. As our product and service offerings become more complex our revenue streams may become less predictable Our revenue and earnings are highly seasonal and our quarterly results fluctuate significantly. We face a number of risks in our payment processing business that could result in a reduction in our revenue and earnings. We face a number of risks associated with our financial institutions business which could harm our revenue and results of operations. Because we depend on a small number of larger retailers and distributors, changes in these relationships could harm our results of operations. Increased government regulation of our businesses could harm our operating results. Expansion of our operations in international markets exposes us to operational and compliance risks. If we do not respond promptly and effectively to customer service and technical support inquiries we will lose customers and our revenue and earnings will decline. If we encounter problems with our third-party customer service and technical support providers our business and operating results will be harmed. We are exposed to risks associated with credit card and payment fraud and with credit card processing. If we fail to adequately protect our intellectual property rights, competitors may exploit our innovations, which could weaken our competitive position and reduce our revenue and earnings. Third parties claiming that we infringe their proprietary rights could cause us to incur significant legal expenses and prevent us from selling our products. We expect copying and misuse of our intellectual property to be a persistent problem causing lost revenue and increased expenses. We do not own all of the software, other technologies and content used in our products and services. Our acquisition and divestiture activities could disrupt our ongoing business, may involve increased expenses and may present risks not contemplated at the time of the transactions. We have issued $1 billion in a debt offering and may incur other debt in the future, which could adversely affect our financial condition and results of operations. We are subject to risks associated with information disseminated through our services. If actual product returns exceed returns reserves our financial results would be harmed. Acquisition-related costs and impairment charges can cause significant fluctuation in our net income. Our investments in auction rate securities are subject to risks that may cause losses and affect the liquidity of these investments. If we fail to operate our payroll business effectively our revenue and earnings will be harmed. Interest income attributable to payroll customer deposits may fluctuate or be eliminated, causing our revenue and earnings to decline. We may be unable to attract and retain key personnel. We are frequently a party to litigation that is costly to defend and consumes the time of our management. Unanticipated changes in our tax rates could affect our future financial results. If we fail to maintain an effective system of internal controls, we may not be able to detect fraud or report our financial results accurately, which could harm our business and the trading price of our common stock. General economic conditions may affect our revenue and harm our business. Business interruptions could adversely affect our future operating results.

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896878--9/12/2008--INTUIT_INC