GameStop 2003 Annual Report Download - page 12

Table of Contents
• the competitive environment in the electronic game industry;
• our ability to open and operate new stores;
• our ability to attract and retain qualified personnel;
• our ability to successfully and efficiently transfer our headquarters and distribution center to our new facility; and
• other factors described in this Form 10-K, including those set forth under the caption, “Business — Risk Factors.”
In some cases, forward-looking statements can be identified by the use of terms such as “anticipates,” “believes,” “continues,” “could,” “estimates,” “expects,”
“intends,” “may,” “plans,” “potential,” “predicts,” “will,” “should,” “seeks,” “pro forma” or similar expressions. These statements are only predictions based on current
expectations and assumptions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of
activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such
forward-looking statements. You should not place undue reliance on these forward-looking statements.
Although we believe that the expectations reflected in our forward-looking statements are reasonable, we cannot guarantee future results, levels of activity,
performance or achievements. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future
events or otherwise after the date of this Form 10-K. In light of these risks and uncertainties, the forward-looking events and circumstances contained in this Form 10-K
may not occur, causing actual results to differ materially from those anticipated or implied by our forward-looking statements.
Risk Factors
An investment in our Company involves a high degree of risk. You should carefully consider the risks below, together with the other information contained in this
report, before you make an investment decision with respect to our Company. The risks described below are not the only ones facing our Company. Additional risks not
presently known to us, or that we consider immaterial, may also impair our business operations. Any of the following risks could materially adversely affect our
business, operating results or financial condition, and could cause a decline in the trading price of our Class A common stock and the value of your investment.
Risks Related to Our Business
We depend upon the timely delivery of products.
We depend on major hardware manufacturers to deliver new and existing video game platforms on a timely basis and in anticipated quantities. In addition, we
depend on software publishers to introduce new and updated software titles. Any material delay in the introduction or delivery of hardware platforms or software titles
could result in reduced sales in one or more fiscal quarters.
We depend upon third parties to develop products and software.
Our business depends upon the continued development of new and enhanced video game platforms, PC hardware and video game and PC entertainment software.
Our business could suffer due to the failure of manufacturers to develop new or enhanced video game platforms, a decline in the continued technological development
and use of multimedia PCs, or the failure of software publishers to develop popular game and entertainment titles for current or future generation video game systems or
PC hardware.
Our ability to obtain favorable terms from our suppliers may impact our financial results.
Our financial results depend significantly upon the business terms we can obtain from our suppliers, including competitive prices, unsold product return policies,
advertising and market development allowances,
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