Adobe 2007 Annual Report Download - page 31

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31
Mr. Loiacono joined Adobe in April 2006 as Senior Vice President of the Creative Solutions Business Unit. Prior to
joining Adobe, Mr. Loiacono served as Executive Vice President of software at Sun Microsystems, Inc., with responsibility
for software technologies including the Solaris operating system, Java, Java Enterprise System suites, Java developer tools
and Star Office. Mr. Loiacono joined Sun Microsystems in 1987, and during his 19 year tenure he also served as General
Manager of Sun Microsystems’ s operating platform group, as well as Chief Marketing Officer.
Mr. Mendels currently serves as Adobe’ s Senior Vice President of the Business Productivity Business Unit. Mr.
Mendels joined Adobe as Senior Vice President of the Enterprise and Developer Solutions Business Unit through our
acquisition of Macromedia, Inc. in December 2005. At Macromedia, Mr. Mendels served as Executive Vice President and
General Manager for Macromedia's tool and server product division. In this role, Mendels directly managed the product
marketing, management and development of Macromedia's MX products including the Flash and Flex line, Macromedia
Studio 8 and ColdFusion software. Mendels began his career in Macromedia's international department in 1992.
Mr. Thompson joined Adobe in January 2006 as Senior Vice President, Worldwide Field Operations. Prior to joining
Adobe, Mr. Thompson served as Senior Vice President of Worldwide Sales at Borland Software Corporation, a software
delivery optimization solutions provider, from October 2003 to December 2006. Prior to joining Borland, Mr. Thompson was
Vice President of Worldwide Sales and Field Operations for Marimba, Inc., a provider of products and services for software
change and configuration management, from February 2001 to January 2003. From July 2000 to January 2001, Mr.
Thompson was Vice President of Worldwide Sales for Calico Commerce, Inc., a provider of eBusiness applications. Prior to
joining Calico, Mr. Thompson spent six years at Cadence Design Systems, Inc., a provider of electronics design technologies.
While at Cadence, from January 1998 to June 2000, Mr. Thompson served as Senior Vice President, Worldwide Sales and
Field Operations and from April 1994 to January 1998 as Vice President, Worldwide Professional Services.
Mr. Rowley joined Adobe in November 2006 as Vice President, Corporate Controller and Principal Accounting Officer.
Prior to joining Adobe, Mr. Rowley served as Vice President, Corporate Controller, Treasurer and Principal Accounting
Officer at Synopsys, Inc., a semiconductor design software company, from December 2002 to September 2005, and from
1999 to December 2002, Mr. Rowley served as Vice President, Corporate Controller and Principal Accounting Officer. From
1994 to 1999, Mr. Rowley served in several finance-related positions at Synopsys. Mr. Rowley is a certified public
accountant.
ITEM 1A. RISK FACTORS
As previously discussed, our actual results could differ materially from our forward-looking statements. Factors that
might cause or contribute to such differences include, but are not limited to, those discussed below. These and many other
factors described in this report could adversely affect our operations, performance and financial condition.
Delays in development or shipment of new products or upgrades to existing products could cause a decline in our revenue.
Any delays or failures in developing new products or new features for existing products or marketing our products may
have a harmful impact on our results of operations. Our inability to extend our core technologies into new applications and
new platforms and to anticipate or respond to technological changes could affect continued market acceptance of our
products and our ability to develop new products. Delays in product or upgrade introductions could cause a decline in our
revenue, earnings or stock price. We cannot determine the ultimate effect these delays or the introduction of new products or
upgrades will have on our revenue or results of operations.
Introduction of new products and business models by existing and new competitors could harm our competitive position and
results of operations.
The markets for our products are characterized by intense competition, evolving industry standards and business models,
rapid software and hardware technology developments and frequent new product introductions. Our future success will
depend on our ability to enhance our existing products, introduce new products on a timely and cost-effective basis, meet
changing customer needs, extend our core technology into new applications, and anticipate and respond to emerging
standards, business models and other technological changes. For example, Microsoft’ s Windows Vista operating system
which contains a new fixed document format, XPS, which competes with Adobe PDF, and its introduction of Office 2007