VMware 2013 Annual Report Download - page 5
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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 expectations of, or our plans
for: achieving future business growth by building long-term relationships with our customers through the adoption of enterprise license agreements; future
performance of network virtualization product offerings; long-term revenue growth and funding strategic initiatives through long-term revenue growth;
maintaining our industry leadership position; benefits of our products and services to customers; the expected availability of services through the VMware
vCHS Business Ventures program; synergies across product areas; the impact of our realignment plan on our financial results; expenditures to build out our
corporate headquarters; the recognition of unearned revenue; our relationship with EMC Corporation (“EMC”): EMC’s percentage ownership of our shares,
and its impact on taxes; increasing employee headcount and impact on operating expense; customer and partner demand for our products and services;
synergies from our acquisitions and associated accounting for goodwill; the sufficiency of our liquidity and capital reserves to fund our operations and
business strategy; our ability to generate positive cash flows from operations; continuation of our stock repurchase program; our effective tax rate, the effects
of potential developments in U.S. and non-U.S. tax jurisdictions; the amount of any unrecognized tax benefit ; anticipation that we will not declare and cash
dividends; reinvesting our overseas earnings in our foreign operations and not needing to repatriate them to the U.S.; adequacy of our current facilities and
the availability of additional or substitute space for future expansion; the lack of a material adverse effect on us due to the resolution of pending claims, legal
proceedings and investigations; and costs associated with foreign currency and interest rate fluctuations.
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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