Juno 2014 Annual Report Download - page 23

Table of Contents
•increased financial accounting, tax, and reporting burdens and complexities;
•lack of familiarity with, and unexpected changes in, foreign regulatory requirements;
•difficulties in managing and staffing international operations;
•the burdens of complying with a wide variety of foreign laws, regulations, and legal and regulatory standards;
•political, social, and economic instability abroad, terrorist attacks, and security concerns in general; and
•reduced or varied protection for intellectual property and proprietary rights.
The occurrence of any one of these risks could negatively affect our international operations, which could adversely affect our business, financial
condition, results of operations, and cash flows.
Our stock price has been highly volatile and may continue to be volatile.
The market price of our common stock has fluctuated significantly and it may continue to be volatile with extreme trading volume fluctuations. In
January 2014, we announced that our Board of Directors has determined to discontinue cash dividend payments. Immediately following such announcement,
the market price of our common stock declined significantly and has remained volatile. Furthermore, the market price of our common stock may fluctuate
significantly to the extent we are added to or removed from certain stock market indices. Stocks of other companies traded on the Nasdaq Global Select
Market have also 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.
Our businesses could be shut down or severely impacted by a catastrophic event.
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. The property, business interruption,
and other insurance we 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 cannot predict our future capital needs and we may not be able to secure additional financing, which could adversely impact us.
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 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.
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