Autodesk 2013 Annual Report Download - page 91

acquisitions further exacerbates these risks.
In addition, such acquisitions and investments involve other risks such as:
• the inability to retain customers, vendors, distributors, business partners, and other entities associated with the
acquired business;
• the potential impact on relationships with existing customers, vendors and distributors as business partners as a result
of acquiring another business;
• the potential that due diligence of the acquired business or product does not identify significant problems;
• the potential any one or multiple of the investments become impaired in a given reporting period;
• the potential for incompatible business cultures;
• significant transaction or integration-related costs;
• potential additional exposure to fluctuations in currency exchange rates; and
• exposure to litigation or other claims in connection with, or inheritance of claims or litigation risk as a result of, an
acquisition, including but not limited to, claims from terminated employees, customers, or other third parties.
We may not be successful in overcoming such risks, and such acquisitions and investments may negatively impact our
business. In addition, such acquisitions and investments have in the past and may in the future contribute to potential
fluctuations in our quarterly financial results These fluctuations could arise from transaction-related costs and charges
associated with eliminating redundant expenses or write-offs of impaired assets recorded in connection with acquisitions and
investments. These costs or charges could negatively impact our financial results for a given period, cause quarter to quarter
variability in our financial results or negatively impact our financial results for several future periods.
Net revenue or earnings shortfalls or the volatility of the market generally may cause the market price of our stock to decline.
The market price for our common stock has experienced significant fluctuations and may continue to fluctuate
significantly. The market price for our common stock may be affected by a number of factors, including the other factors
described in this Part I, Item 1A and the following:
• shortfalls in our expected financial results, including net revenue, earnings or key performance metrics;
• uncertainty about certain governments' abilities to repay debt or effect fiscal policy;
• changes in estimates of future results or recommendations by securities analysts;
• the announcement of new products or product enhancements by us or our competitors;
• quarterly variations in our or our competitors' results of operations;
• unusual events such as significant acquisitions, divestitures, regulatory actions and litigation;
• changes in laws, rules or regulations applicable to our business;
• general socio-economic, political or market conditions;
• outstanding debt service obligations; and
• other factors, including factors unrelated to our operating performance, such as instability affecting the economy or the
operating performance of our competitors.
Significant changes in the price of our common stock could expose us to additional costly and time-consuming litigation.
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2013 Annual Report