Avid 2011 Annual Report Download - page 22

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17
• market reaction to significant corporate initiatives or announcements;
• our ability to innovate;
• our relative competitive position within our markets;
• shifts in markets or demand for our solutions;
• changes in our relationships with suppliers, resellers, distributors or customers;
• our failure to accurately forecast revenues or operating results;
• our commencement of, or involvement in, litigation;
• whether our results meet analysts' expectations;
• 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 affect the market price of our common stock, regardless
of our operating performance.
ITEM 1B. UNRESOLVED STAFF COMMENTS
None.
ITEM 2. PROPERTIES
We lease approximately 203,000 square feet in three facilities in Burlington, Massachusetts for our principal corporate and
administrative offices, as well as significant R&D and warehousing activities. The leases for these facilities expire in May 2020.
We also lease approximately 127,000 square feet of office space in Daly City, California, primarily for R&D and sales and
marketing activities, and 106,000 square feet in Mountain View, California, primarily for R&D, product management and
manufacturing activities.
We lease approximately 29,000 square feet of office space in Iver Heath, United Kingdom for our European headquarters, which
includes administrative, sales and support functions, and 41,000 square feet in Dublin, Ireland for the final assembly and
distribution of our products in Europe. We also lease approximately 8,000 square feet in Singapore for our Asian headquarters.
We also lease office space for sales operations in several other domestic and international locations.
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 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 for the period
in which a matter is resolved.
ITEM 4. MINE SAFETY DISCLOSURES
Not Applicable.