Avid 2009 Annual Report Download - page 20

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15
our commencement of, or involvement in, litigation;
short sales, hedging or other derivative transactions involving shares of our common stock; and
shifts in financial markets.
Additionally, broader financial market and global economic trends may negatively affect the market price of our common
stock, regardless of our operating performance.
ITEM 1B. UNRESOLVED STAFF COMMENTS
None.
ITEM 2. PROPERTIES
Our principal corporate and administrative offices, as well as significant Video R&D and manufacturing activities, are
located in three adjacent buildings in an office park located in Tewksbury, Massachusetts. Our leases on these buildings
expire in June 2010. In November 2009, we signed leases for new corporate office space in Burlington, Massachusetts. The
leases for these facilities expire in May 2020. We plan to relocate our Tewksbury operations to the Burlington,
Massachusetts facilities during 2010.
We also lease office space in Daly City, California, primarily for R&D and sales and marketing activities, and in Mountain
View, California, primarily for R&D, product management and manufacturing activities. We lease facilities in Iver Heath,
United Kingdom for our European headquarters, which includes administrative, sales and support functions, and a facility
in Dublin, Ireland for the manufacture and distribution of our products in Europe. We also lease a facility in Singapore for
our Asian headquarters.
The above descriptions of our properties are based on the primary functions located at each facility based on our historical
business structure. Effective January 1, 2009, as a result of changes in our business unit structure and consolidation of
operations, several of our facilities began to increasingly support more than one of our reporting segments.
ITEM 3. LEGAL PROCEEDINGS
We are involved in legal proceedings from time to time arising from the normal course of business activities, including
claims of alleged infringement of intellectual property rights and commercial, employment, piracy prosecution and other
matters. We do not believe these matters will have a material adverse effect on our financial position or results of
operations. However, our financial position or results of operations may be negatively affected by the unfavorable
resolution of one or more of these proceedings.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
None.