Crucial 2011 Annual Report Download - page 190

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39
INOTERA MEMORIES, INC.
NOTES TO FINANCIAL STATEMENTS
As of December 31, 2009 and 2010, the balances of outstanding letters of credit were as follows:
Management has performed a preliminary assessment of the potential impact on the Company as a result of the March 11, 2011
earthquake that occurred in Japan. The Company is sourcing partially some material and parts of equipment from Japanese
vendors. However, management believes the Company has sufficient safety stock and alternative sources to limit the near term
impact. Management is also working closely with Japanese vendors and suppliers regarding the supply situation of chemical, raw
wafer and parts of equipment. If the related supply can not be provided timely in the future, management believes it is reasonably
possible this could have a material adverse impact on the Company's results of operations and cash flows. Nevertheless,
management is closely monitoring the situation.
(Continued)
(22)
Commitments and Contingencies
December 31,
Currency
2009
2010
USD
$
36,424
thousand
24,154
thousand
JPY
$
4,382,031
thousand
433,127
thousand
EUR
$
3,423
thousand
2,742
thousand
(23)
Significant Disaster Loss: None.
(24)
Subsequent Event: