Metro PCS 2009 Annual Report Download - page 63

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• introduction of new products and services by us or our competitors or changes in service plans or pricing
by us or our competitors, including the introduction of or changes to unlimited fixed-rate plans by our
competitors;
• market perceptions relating to our services, network, handsets and deployment of our 4G platform;
• challenges to our intellectual property rights or claims that we infringe the intellectual property rights of
others;
• pending or threatened litigation or regulatory investigations;
• adoption of or changes in governmental regulations and new accounting standards;
• conditions and trends in the communications and high technology markets;
• mergers, acquisitions, strategic alliances or significant agreements by us or by our competitors;
• announcements by us or competitors of significant contracts, commercial relationships or capital
commitments;
• sales of our common stock by our directors, executive officers or affiliates or significant stockholders;
• volatility in stock market prices and volumes, which is particularly common among securities of
telecommunications companies;
• the general state of the U.S. and world economies;
• the availability or perceived availability of additional capital in general and our access to such capital;
• availability of additional spectrum, whether by the announcement, commencement, bidding and closing of
auctions for new spectrum or acquisitions of other businesses;
• recruitment or departure of key personnel, management or board members;
• failure to timely file periodic reports; and
• adverse actions by the NYSE, including delisting.
In addition, the stock market generally has experienced significant price and volume fluctuations, which may
continue for the foreseeable future. This volatility has had a significant impact on the trading price of securities
issued by many companies, including companies in the telecommunications industry. The trading price of our stock
has fallen significantly since our initial public offering. These changes frequently occur irrespective of the operating
performance of the affected companies. Hence, the trading price of our common stock could fluctuate based upon
factors that have little or nothing to do with our business, financial condition and operating results. The price
volatility and continued decrease in our stock price could subject us to takeover bids, actions by the NYSE and
possible losses for stockholders.
Your ownership interest could be diluted by future issuances of shares that our Board has the authority to
issue, and such future issuances or sales of such shares may adversely affect the market price of MetroPCS’
common stock.
We have registered all shares of common stock that we may issue under our stock option and performance award
plans; thus, when we issue shares under these plans, the shares generally can be freely sold in the public market
subject to any requirements under the Securities Act. We also have granted certain of our stockholders the right to
require us to register their shares of our common stock. In the future, we may also file a shelf registration statement
with the SEC, which would allow us to issue registered debt, equity and other securities, including common stock,
preferred stock, debt securities and guarantees of debt securities, in addition to the amounts already outstanding. The
securities registered under this universal shelf registration statement could be offered from time to time, separately
or together, directly by us or through underwriters, at amounts, prices, interest rates and other terms and conditions