Netgear 2009 Annual Report Download - page 12

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Table of Contents
Employees
As of December 31, 2009, we had 586 full-time employees, with 268 in sales, marketing and technical support, 149 in research and
development, 71 in operations, and 98 in finance, information systems and administration. We also utilize a number of temporary staff to
supplement our workforce. We have never had a work stoppage among our employees and no personnel are represented under collective
bargaining agreements. We consider our relations with our employees to be good.
Website Posting of SEC Filings
Our website provides a link to our SEC filings, which are available on the same day such filings are made. The specific location on the
website where these reports can be found is http://investor.netgear.com/sec.cfm. Our website also provides a link to Section 16 filings which are
available on the same day as such filings are made.
Investing in our common stock involves a high degree of risk. The risks described below are not exhaustive of the risks that might affect
our business. Other risks, including those we currently deem immaterial, may also impact our business. Any of the following risks could
materially adversely affect our business operations, results of operations and financial condition and could result in a significant decline in our
stock price. Before deciding to purchase, hold or sell our common stock, you should carefully consider the risks described in this section. This
section should be read in conjunction with the consolidated financial statements and accompanying notes thereto, and Management’s
Discussion and Analysis of Financial Condition and Results of Operations included in this Annual Report on Form 10
-K.
We expect our operating results to fluctuate on a quarterly and annual basis, which could cause our stock price to fluctuate or decline.
Our operating results are difficult to predict and may fluctuate substantially from quarter-to-quarter or year-to-
year for a variety of reasons,
many of which are beyond our control. If our actual revenue were to fall below our estimates or the expectations of public market analysts or
investors, our quarterly and annual results would be negatively impacted and the price of our stock could decline. Other factors that could affect
our quarterly and annual operating results include those listed in the risk factors section of this report and others such as:
10
Item 1A.
Risk Factors
•
changes in the pricing policies of or the introduction of new products by us or our competitors;
•
litigation involving patent infringement;
•
changes in the terms of our contracts with customers or suppliers that cause us to incur additional expenses or assume additional
liabilities;
•
slow or negative growth in the networking product, personal computer, internet infrastructure, home electronics and related
technology markets, as well as decreased demand for internet access;
•
changes in or consolidation of our sales channels and wholesale distributor relationships or failure to manage our sales channel
inventory and warehousing requirements;
•
delay or failure to fulfill orders for our products on a timely basis;
•
disruptions or delays related to our financial and enterprise resource planning systems;
•
our inability to accurately forecast product demand;
•
component supply constraints from our vendors;
•
unfavorable level of inventory and turns;
•
unanticipated shift in overall product mix from higher to lower margin products that would adversely impact our margins;