949491--3/30/2006--VODAVI_TECHNOLOGY_INC

related topics
{customer, product, revenue}
{property, intellectual, protect}
{competitive, industry, competition}
{personnel, key, retain}
{stock, price, share}
{operation, international, foreign}
{cost, contract, operation}
{product, candidate, development}
{condition, economic, financial}
Our reliance on our independent distribution network affects our inventory levels, the timing and predictability of our revenue, and our overall operating results. We face risks associated with international manufacturing sources. We depend on new products and technologies. The telecommunications industry is cyclical. We must finance the maintenance and expansion of our business and the development of new products. We depend on third parties for manufacturing. Markets for our products are intensely competitive, and we cannot assure you that we will be able to compete successfully in the future. We face risks associated with patents, licenses, and intellectual property. Our third-party manufacturers may experience shortages of raw materials and supplies. We depend on management and other key personnel. Rights to acquire our common stock could result in dilution to other holders of our common stock.

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