Avid 2004 Annual Report Download - page 47

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33
• changes in our quarterly operating results;
• shortfalls in revenues or earnings compared to securities analysts’ expectations;
• changes in analysts’ recommendations or projections;
• fluctuations in investors’ perceptions of us or our competitors;
• shifts in the markets for our products;
• development and marketing of products by our competitors;
• changes in our relationships with suppliers, distributors, resellers, system integrators, or customers;
• a shift in financial markets; and
• global macroeconomic conditions.
Further, the stock market has experienced volatility with respect to the price of equity securities of high technology
companies generally, and this volatility has, at times, appeared to be unrelated to or disproportionate to any of the factors
above.