Avid 2014 Annual Report Download - page 28

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22
As a result of the delay in filing our periodic reports with the SEC, our common stock was suspended from trading on NASDAQ
effective February 25, 2014 and formally de-listed effective May 2, 2014. Our common stock was relisted for trading on
NASDAQ on December 8, 2014. Prior to and during the suspension of trading from NASDAQ as well as following our relisting
on NASDAQ, the market price of our common stock has experienced volatility. Our stock may continue to fluctuate substantially
in the future in response to various factors, some of which are beyond our control. These factors include, but are not limited to:
• period-to-period variations in our revenues or operating results;
• our failure to accurately forecast revenues or operating results;
• our ability to produce accurate and timely financial statements;
• whether our results meet analysts’ expectations;
• market reaction to significant corporate initiatives or announcements;
• our ability to innovate;
• our relative competitive position within our markets;
• shifts in markets or demand for our solutions;
• changes in our relationships with suppliers, resellers, distributors or customers;
• our commencement of, or involvement in, litigation;
• short sales, hedging or other derivative transactions involving shares of our common stock; and
• shifts in financial markets.
Additionally, broader financial market and global economic trends may affect the market price of our common stock, regardless
of our operating performance.
Provisions in our certificate of incorporation, bylaws and stockholder rights plan may have the effect of discouraging
advantageous offers for our business or common stock and limit the price that investors might be willing to pay in the
future for shares of our common stock.
Our certificate of incorporation, bylaws, and the provisions of the Delaware General Corporation Law include provisions that may
have the effect of discouraging or preventing a change of control. In addition, we have a stockholder rights plan that may have the
effect of discouraging or preventing a change of control. These provisions could limit the price that our stockholders might
receive in the future for shares of our common stock.
ITEM 1B. UNRESOLVED STAFF COMMENTS
None.
ITEM 2. PROPERTIES
We lease approximately 173,000 square feet in two facilities in Burlington, Massachusetts for our principal corporate and
administrative offices, as well as for significant R&D activities. The leases for these facilities expire in May 2020. We also lease
106,000 square feet in Mountain View, California, primarily for R&D, product management and manufacturing activities.
We lease approximately 26,000 square feet of office space in Iver Heath, United Kingdom for our European headquarters, which
includes administrative, sales and support functions, and 41,000 square feet in Dublin, Ireland for the final assembly and
distribution of our products in Europe. We also lease approximately 8,000 square feet in Singapore for our Asian headquarters.
We also lease office space for sales operations and research and development in several other domestic and international
locations.
ITEM 3. LEGAL PROCEEDINGS
Securities Class Action Lawsuits