Juno 2012 Annual Report Download - page 34

Table of Contents

Our businesses could be materially and adversely affected by a catastrophic event. A disaster such as a fire, earthquake, flood, power loss,
terrorism, or other similar event, affecting any of our facilities, data centers or computer systems, or those of our third-party vendors, or a system
interruption or delay that slows down the Internet or makes the Internet or our websites temporarily unavailable, could result in a significant and
extended disruption of our operations and services. Any prolonged disruption of our services due to these or other events would severely impact our
businesses. We do not carry flood insurance for certain of our facilities, and the property, business interruption and other insurance we do carry may not
be sufficient to cover, if at all, losses that may occur as a result of any events which cause interruptions in our services.

We may need to raise additional funds in the future to fund our operations, for acquisitions of businesses, services or technologies or for other
purposes. Additional financing may not be available in a timely manner, on terms favorable to us, or at all. The terms of FTD's indebtedness, in addition
to the degree to which we are leveraged, could adversely affect our ability to obtain additional financing. In addition, the current volatility of, and
disruption in, the securities and credit markets may restrict our ability to raise any such additional funds. If adequate funds are not available or not
available when required and in sufficient amounts or on acceptable terms, our businesses and future prospects may suffer.


Certain provisions of our certificate of incorporation, our bylaws and Delaware law limit the ability of our stockholders to elect directors and take
other corporate actions. These provisions could have the effect of delaying or discouraging takeover attempts that our stockholders may consider
favorable or beneficial because of the premium price that would be offered by a potential acquirer. In addition, although our previous stockholder rights
plan expired in 2011, there are no assurances that our Board of Directors will not implement a new stockholder rights plan in the future.

The market price of our common stock has fluctuated significantly and it may continue to be volatile with extreme trading volume fluctuations.
Since the announcement of the FTD Spin-Off Transaction, the market price of our common stock has increased significantly. However, the completion
of the FTD Spin-Off Transaction is subject to a number of factors and risks, and the market price of our common stock may decrease if the completion
of the FTD Spin-Off Transaction is delayed or does not occur. Further, if we complete the FTD Spin-Off Transaction, we will be a substantially smaller
company than we were prior to the FTD Spin-Off Transaction, and we cannot predict the prices at which our common stock may trade after the FTD
Spin-Off Transaction. In addition, the Nasdaq Global Select Market has experienced substantial price and trading volume fluctuations. The broad
market and industry factors that influence or affect such fluctuations may harm the market price of our common stock, regardless of our actual operating
performance. As a result of these or other reasons, we have experienced and may continue to experience significant volatility in the market price of our
common stock.
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