Dish Network 2011 Annual Report Download - page 10

Download and view the complete annual report

Please find page 10 of the 2011 Dish Network annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 164

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164

iii
iii
x A portion of our investment portfolio is invested in securities that have experienced limited or no
liquidity and may not be immediately accessible to support our financing needs.
x We have substantial debt outstanding and may incur additional debt.
x It may be difficult for a third party to acquire us, even if doing so may be beneficial to our
shareholders, because of our ownership structure.
x We are controlled by one principal stockholder who is also our Chairman.
Legal and Regulatory Risks Affecting our Business
x If Voom prevails in its breach of contract suit against us, we could be required to pay substantial
damages, which would have a material adverse affect on our financial position and results of
operations.
x Our business depends on certain intellectual property rights and on not infringing the intellectual
property rights of others.
x We are party to various lawsuits which, if adversely decided, could have a significant adverse impact
on our business, particularly lawsuits regarding intellectual property.
x Increased distribution of video content via the Internet could expose us to regulatory risk.
x We depend on the Cable Act for access to programming from cable-affiliate programmers at non-
discriminatory rates.
x The injunction against our retransmission of distant networks, which is currently waived, may be
reinstated.
x We are subject to significant regulatory oversight, and changes in applicable regulatory requirements,
including any adoption or modification of laws or regulations relating to the Internet, could adversely
affect our business.
x Our business depends on Federal Communications Commission, or FCC, licenses that can expire or be
revoked or modified and applications for FCC licenses that may not be granted.
x We are subject to digital high-definition (“HD”) “carry-one, carry-all” requirements that cause capacity
constraints.
x There can be no assurance that there will not be deficiencies leading to material weaknesses in our
internal control over financial reporting.
x We may face other risks described from time to time in periodic and current reports we file with the
Securities and Exchange Commission, or SEC.
All cautionary statements made herein should be read as being applicable to all forward-looking statements
wherever they appear. Investors should consider the risks described herein and should not place undue reliance on
any forward-looking statements. We assume no responsibility for updating forward-looking information contained
or incorporated by reference herein or in other reports we file with the SEC.
In this report, the words “DISH Network,” the “Company,” “we,” “our” and “us” refer to DISH Network
Corporation and its subsidiaries, unless the context otherwise requires. “EchoStar” refers to EchoStar Corporation
and its subsidiaries. “DDBS” refers to DISH DBS Corporation and its subsidiaries, a wholly owned, indirect
subsidiary of DISH Network.