Shutterfly 2009 Annual Report Download - page 39
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Please find page 39 of the 2009 Shutterfly 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.-
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Our stock price may be volatile or may decline regardless of our operating performance.
The market price of our common stock may fluctuate significantly in response to numerous factors, many of which are beyond our
control. In particular, the stock market as a whole recently has experienced extreme price and volume fluctuations that have affected the market
price of many technology companies in ways that may have been unrelated to those companies’
operating performance. Factors that could cause
our stock price to fluctuate include:
•
Economic downturns and market conditions or trends in our industry or the macro
-
economy as a whole;
•
price and volume fluctuations in the overall stock market;
•
changes in operating performance and stock market valuations of other technology companies generally, or those in our industry in
particular;
•
the financial projections we may provide to the public, any changes in these projections or our failure to meet these projections;
•
changes in financial estimates by any securities analysts who follow our company, our failure to meet these estimates or failure of those
analysts to initiate or maintain coverage of our stock;
•
ratings downgrades by any securities analysts who follow our company;
•
the public
’
s response to our press releases or other public announcements, including our filings with the SEC;
•
announcements by us or our competitors of significant technical innovations, acquisitions, strategic partnerships, joint ventures or capital
commitments;
•
introduction of technologies or product enhancements that reduce the need for our products;
•
impairment or loss in value of our investments in auction rate securities;
•
the loss of key personnel;
•
lawsuits threatened or filed against us;
•
future sales of our common stock by our executive officers, directors and significant stockholders; and
•
other events or factors, including those resulting from war, incidents of terrorism or responses to these events.
37