Adaptec 2011 Annual Report Download - page 4

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Table of Contents
FORWARD-LOOKING STATEMENTS
This Annual Report on Form 10-K (this "Annual Report") and the portions of our Proxy Statement incorporated by reference into this Annual Report
contain forward-looking statements. We often use words such as "anticipates", "believes", "plans", "expects", "future", "intends", "may", "should",
"estimates", "predicts", "potential", "continue", "becoming", "transitioning" and similar expressions to identify such forward-looking statements.
These forward-looking statements apply only as of the date of this Annual Report. We undertake no obligation to publicly update or revise any forward-
looking statements made herein or elsewhere, whether as a result of new information, future events or otherwise. Our actual results could differ materially and
adversely from those anticipated in forward-looking statements, including without limitation the risks described under "Item IA. Risk Factors" and elsewhere
in this Annual Report and our other filings with the SEC. Investors are cautioned not to place undue reliance on these forward-looking statements, which
reflect management's analysis only as of the date hereof. Such forward-looking statements include statements as to, among other topics:
• business strategy;
• business outlook;
• sales, marketing and distribution;
• wafer fabrication capacity;
• competition and pricing;
• critical accounting policies and estimates;
• customer product inventory levels, needs and order levels;
• demand for communications network infrastructure equipment;
• net revenues;
• gross profit;
• research and development expenses;
• selling, general and administrative expenses;
• other income (expense), including interest income (expense);
• foreign exchange rates;
• taxation rates and tax provision;
• sources of liquidity and liquidity sufficiency;
• capital resources;
• capital expenditures;
• restructuring activities, expenses and associated annualized savings;
• cash commitments;
• purchase commitments;
• use of cash;
• expectation regarding our amortization of purchased intangible assets;
• our expectations regarding our acquisitions of the Channel Storage business from Adaptec, Inc. ("Adaptec"), and of Wintegra, Inc. ("Wintegra")
and
• expectations regarding distribution from certain investments.
This Annual Report should be read in conjunction with our periodic filings made with the SEC subsequent to the date of the original filing, including
any amendments to those filings, as well as any current reports filed on Form 8-K subsequent to the date of the original filing.
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