Blackberry 2015 Annual Report Download - page 114

BlackBerry Limited
Management’s Discussion and Analysis of Financial Condition and Results of Operations
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• risks related to acquisitions, divestitures, investments and other business initiatives that may negatively affect the
Company’s results of operations;
• risks related to foreign operations, including fluctuations in foreign currencies, and collecting accounts receivables
in jurisdictions with foreign currency controls;
• third-party claims for infringement of intellectual property rights by the Company and the outcome of any litigation
with respect thereto;
• general commercial litigation, class action and other litigation claims, including purported class action claims
relating to the Company or its operations;
• risks associated with litigation claims against the Company arising from its disclosure practices;
• the Company’s ability to successfully obtain patent or other proprietary or statutory protection for its technologies
and products;
• the Company’s ability to supplement and manage its BlackBerry World applications catalogue;
• reliance on strategic alliances and relationships with third-party network infrastructure developers;
• the continued quality and reliability of the Company’s products and services and the potential effect of defects in
products and services;
• risks as a result of actions of activist shareholders;
• potential liabilities or costs related to the collection, storage, transmission, use and disclosure of user and personal
information;
• risks related to the failure of the Company’s suppliers, subcontractors, third-party distributors and representatives to
use acceptable ethical business practices or comply with applicable laws;
• restrictions on import and use of the Company’s products and services in certain countries due to encryption of the
products and services;
• regulation, certification and health risks, and risks relating to the misuse of the Company’s products;
• costs and other burdens associated with recently adopted regulations regarding conflict minerals;
• risks related to the Company possibly losing its foreign private issuer status under U.S. federal securities laws,
resulting in additional expenses associated with compliance with the U.S. securities laws applicable to U.S.
domestic issuers and inability to utilize certain benefits available to foreign private issuers;
• the potential impact of copyright levies in numerous countries;
• tax liabilities, resulting from changes in tax laws or otherwise, associated with the Company’s worldwide
operations;
• reduced spending by customers due to the uncertainty of economic and geopolitical conditions; and
• market and credit risk associated with the Company’s cash, cash equivalents and short-term or long-term
investments.
Any statements that are forward-looking statements are intended to enable the Company’s shareholders to view the anticipated
performance and prospects of the Company from management’s perspective at the time such statements are made, and they are
subject to the risks that are inherent in all forward-looking statements, as described above, as well as difficulties in forecasting
the Company’s financial results and performance for future periods, particularly over longer periods, given the ongoing
transition in the Company's business strategy and the rapid technological changes, evolving industry standards, intense
competition and short product life cycles that characterize the wireless communications industry. These difficulties in
forecasting the Company's financial results and performance are magnified at the present time given the uncertainties related to
the Company's strategic initiatives described in this MD&A. See “Business Overview - Strategy, Products and Services” and
the AIF, which is included in the Annual Report.
The Company has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as required by applicable law.
Business Overview
A global leader in mobile communications, the Company revolutionized the mobile industry with the introduction of the
BlackBerry® solution in 1999. Today, the Company aims to inspire the success of its millions of customers around the world
by continuously pushing the boundaries of mobile experiences. Founded in 1984 and based in Waterloo, Ontario, the Company
operates offices in North America, Europe, Middle East and Africa, Asia Pacific and Latin America. The Company’s common
shares are listed on the NASDAQ Global Select Market (NASDAQ: BBRY) and the Toronto Stock Exchange (TSX: BB), and
its unsecured convertible debentures due 2020 (the “Debentures”) are listed on the Toronto Stock Exchange (TSX: BB.DB.U).