Juno 2014 Annual Report Download - page 13

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Table of Contents
The public may read and copy any materials we file with the SEC at the SEC's Public Reference Room at 100 F Street, NE, Washington, DC 20549. The
public may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC also maintains a website that
contains reports, proxy and information statements and other information regarding the Company that we file electronically with the SEC at .
By referring to our websites, including, without limitation, 
, , and  we do not incorporate these websites or their contents into this Annual
Report on Form 10-K.


New business initiatives, services, products, features, applications, or functionality may not be successful, which could adversely impact our business,
financial condition, results of operations, and cash flows.
We have expended, and may continue to expend, significant resources in developing, integrating and implementing new business initiatives, services,
products, features, applications, and functionality. Such development, integration and implementation involve a number of uncertainties, including
unanticipated delays and expenses and technological problems. New business initiatives, services, products, features, applications, or functionality also may
not be accepted by consumers or commercially successful. We cannot assure you that we will be successful in such development, integration and
implementation efforts, or that any new business initiatives, services, products, features, applications, or functionality will be accepted by consumers or
commercially successful. If our development, integration and implementation efforts are not successful, or such new business initiatives, services, products,
features, applications, or functionality are not accepted by consumers or commercially successful, our business, financial condition, results of operations, and
cash flows could be materially and adversely impacted.
Failure to have a successful strategy that aligns with technology advances and trends could adversely affect our business.
Consumers increasingly connect to the Internet through sources other than the personal computer, including mobile phones, smartphones, handheld
computers such as netbooks and tablets, video game consoles, and television set-top devices, and their penetration will likely continue to increase. Our
business will be adversely affected if we do not have a successful strategy that aligns with such trends. As new devices are continually being released, it is
difficult to predict the problems we may encounter in adapting our services and products and developing competitive new services and products. Our social
networking services and loyalty marketing service have a limited mobile presence, and we only began offering mobile broadband service and mobile voice
service in March 2012 and November 2014, respectively. We may devote significant resources to the creation, support and maintenance of services and
products across multiple platforms. If we are slow to develop services, products and technologies that are more compatible with alternative devices, we will
fail to capture the opportunities available as consumers and advertisers transition to a dynamic, multi-screen environment. If we fail to implement a successful
strategy that aligns with technology advances and trends, our business, financial condition, results of operations, and cash flows could be materially and
adversely affected.
Current or future economic conditions may have a material and adverse impact on our business, financial condition, results of operations, and cash flows.
Our services and products are dependent upon levels of consumer spending. Consumer spending patterns are difficult to predict and are sensitive to,
among other factors, the general economic climate,
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