Citrix 2009 Annual Report Download - page 135

Note Regarding Forward-Looking Statements
This Annual Report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933,
as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual operating results and financial
condition have varied in the past and could in the future vary significantly depending on a number of factors. From time to
time, information provided by us or statements made by our employees contain forward-looking information that involves
risks and uncertainties. In particular, statements contained in this Annual Report for the year ended December 31, 2009, and
in the documents incorporated by reference into this Annual Report, that are not historical facts, including, but not limited to,
statements concerning trends in information technology, including the prevalence of cloud computing and virtualization and the
adoption of Windows 7, new products, development and offerings of products and services, including our Desktop Solutions,
Online Services and Datacenter and Cloud Solutions and XenClient, market positioning, Citrix Ready, our Partner Network, our
partnership with Microsoft, Product Licenses, License Updates, Technical Services, cash and non-cash charges, product and price
competition, competition and strategy, employees, suppliers, contract manufacturers, product price and inventory, contingent
consideration payments, deferred revenues, government regulation (including the FCC), seasonal factors, natural disasters, stock-
based compensation, licensing and subscription renewal programs, computer system enhancements, international operations and
expansion, revenue recognition, profits, growth of revenues, composition of revenues, cost of net revenues, operating expenses,
sales and sales cycle, marketing and support expenses, general and administrative expenses, research and development expenses,
obsolete materials charges, valuations of investments and derivative instruments, technology relationships, open source software,
reinvestment or repatriation of foreign earnings, gross margins, amortization expense, goodwill and intangible assets, fluctuations
in foreign exchange rates, interest income, interest expense, impairment charges, anticipated operating and capital expenditure
requirements, contractual obligations, our Credit Facility, in-process research and development, tax rates and deductions, tax
liabilities and benefits, transfer pricing, our pending tax appeal, acquisitions, including XenSource and Vapps, cash inflows, the
Financial Accounting Standards Board’s authoritative guidance, leasing activities and obligations, acquisitions, stock repurchases,
investment transactions (including our investment in bonds issued by AIG Matched Funding Corporation, our settlement with
UBS and investments in auction rate and available-for-sale securities) changes in domestic and foreign economic conditions
and credit markets, restructuring activities (including our strategic restructuring program), delays or reductions in technology
purchases, acquired in-process technology, liquidity, litigation matters, intellectual property matters, distribution channels, stock
price, payment of dividends, Advisor Rewards program, price protection rights, proprietary technology, security measures, third
party licenses, and potential debt or equity financings constitute forward-looking statements and are made under the safe harbor
provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended.
These statements are neither promises nor guarantees. Our actual results of operations and financial condition have varied
and could in the future vary materially from those stated in any forward-looking statements. The following factors, among
others, could cause actual results to differ materially from those contained in forward-looking statements made in this Annual
Report, in the documents incorporated by reference into this Annual Report or presented elsewhere by our management from
time to time: adverse changes in general economic conditions in the United States or any of the major countries in which we do
business, conditions affecting the information technology market, our long sales cycle for enterprise-wide sales, competition,
concentration of revenue from Desktop Solutions products, the uncertainty of the market for XenDesktop products, an adverse
outcome of any tax examination, including the effect of Revenue Agent’s Report from the Internal Revenue Service asserting
tax deficiencies in certain tax returns, failure to develop new products and services or enhancements to our existing products
and services, investment portfolio impairment charges due to further deterioration of the capital markets, loss of key personnel
or inability to hire enough qualified employees in certain areas of our business, failure to manage operations and grow revenue,
inability to effectively control operating expenses inability to realize acquisition-related financial and strategic goals, lack of
attractive acquisition opportunities, impairment of goodwill or intangible assets, inability to expand and diversify distribution
channels, changes in our licensing programs or subscription renewal programs, concentration of License Updates revenue
and deferred revenue, international risks, unanticipated changes in tax rates or exposure to additional income tax liabilities,
credit exposure to our hedging counterparties, limited protection of proprietary rights, infringement of third-party intellectual
property rights including those obtained through acquisitions, use of open source software, reliance on open source software
programmers, investment in open source Xen hypervisor, development of new XenServer products, failure to enhance XenServer
products, failure to meet customer requirements for innovation, quality and price of the Xen products, outcomes of strategic and
technology relationships, loss of access to third-party licenses, products release delays, ability to attract and retain and further
penetrate large enterprise customers, issues arising during the upgrade of our enterprise resource planning system, reliance on
indirect distribution channels and major distributors, reliance on third-party suppliers and contract manufacturers, errors in our
products, delay in the release of new products, restrictions under our credit facility, security breaches, evolving regulation of the
Web, regulation of our Online Audio products and services, natural disasters or other unanticipated catastrophes, availability
of funding for product development and acquisitions, stock balancing returns or price adjustments exceeding our reserves,
volatility of stock price, volatility in domestic and international stock markets, changes or modifications in financial accounting
standards, seasonal fluctuations, and inability to access funds from certain of our auction rate securities investments, as well as
other risks detailed in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K
for the year ended December 31, 2009, or in the documents incorporated by reference into the Annual Report on Form 10-K
for the year ended December 31, 2009. Such factors, among others, could have a material adverse effect upon our business,
results of operations and financial condition. We caution readers not to place undue reliance on any forward-looking statements,
which only speak as of the date made. We undertake no obligation to update any forward-looking statement to reflect events or
circumstances after the date on which such statement is made.
©2009 Citrix Systems, Inc. All rights reserved. Citrix® is a registered trademark of Citrix Systems, Inc. and/or one or more of
its subsidiaries, and may be registered in the U.S. Patent and Trademark Office and in other countries. All other trademarks and
registered trademarks are property of their respective owners.