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Table of Contents
FORWARD-LOOKING STATEMENTS
This Annual Report on Form 10-K contains forward-looking statements, including, without limitation, statements regarding: the potential
role of our products in cloud computing and other shifts in computing infrastructures and their potential benefits to customers; expectations that
businesses will seek to operate their information technology (“IT”) systems in a cloud-like manner; expectations of, and our plans for, achieving
future business growth and adding new channel partners; future product offerings; plans for future acquisitions; our view of the competitive
landscape and our plans for maintaining our leadership position, funding expansion of our industry segment share and developing long-term
relationships with our customers; our expectations to manage prudently our resources while making key investments in support of long-term
plans and expectations for meeting product development objectives and introducing new products; our revenue outlook and mix; our plans for
growing our business by broadening our product portfolio; customer demand for our products; trends in enterprise license agreement (“ELA”)
size and renewals and IT spending in general; projections of, and expectations for, stock-based compensation expense; the delivery of
professional services to our customers; the sufficiency of our liquidity and capital reserves to fund our operations and business strategy;
continuation of our stock repurchase program; factors affecting our tax position; our intention to indefinitely reinvest our non-U.S. earnings in
our foreign operations and our plans not to repatriate them to fund our U.S. operations; expectations for an increase in our 2012 tax rate;
expectations that we will continue to be included in EMC Corporation's consolidated group for tax purposes; expectations that the amount of
cash received related to tax refunds will decline in 2012; expectations for capital spending on improvements to our expanded Palo Alto campus;
expectations that software development costs incurred subsequent to achievement of technological feasibility will be immaterial and software
development costs will generally be expensed as incurred, and that the subsequent amortization of such capitalized costs will decline; our
expectations with respect to interoperability among our future product offerings and for the increasing development of product suites and
solutions; expectations regarding the impact of new accounting standards and our belief that the resolution of pending claims and legal
proceedings will not have a material adverse effect on us.
These forward-looking statements involve risks and uncertainties and the cautionary statements set forth above and those contained in the
section of this report entitled “Risk Factors” identify important factors that could cause actual results to differ materially from those predicted in
any such forward-looking statements. We assume no obligation to, and do not currently intend to, update these forward-looking statements.
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