Overstock.com 2003 Annual Report Download - page 4

the anticipated size or trends of the market segments in which we compete and the anticipated competition in those markets;
potential government regulation;
our future capital requirements and our ability to satisfy our capital needs;
our expansion in international markets;
the potential for additional issuances of our securities;
our plans to devote substantial resources to our sales and marketing teams;
the possibility of future acquisitions of businesses, products or technologies;
our belief that we can attract customers in a cost-efficient manner;
our strategy to develop strategic business relationships with additional wholesalers and distributors;
our belief that current or future litigation will likely not have a material adverse effect on our business;
our belief that certain of our stockholders are unlikely to exercise any rights of rescission or certain other remedies that they may possess;
the anticipated anti-takeover effects of certain provisions of our charter documents;
the ability of our online marketing campaigns to be a cost-effective method of attracting customers;
possible technological improvements to existing inventory management systems, distribution and order fulfillment, network infrastructure and
website features;
our belief that manufacturers will recognize us as an efficient liquidation solution;
our belief that the national television and radio branding campaign we began during 2003 will be effective and that the results of the campaign
will justify its expense;
our belief that the efforts we made during 2003 to improve the search function capabilities of our Websites will be effective and that we will be
able to further improve those capabilities;
our belief that the increases we made during 2003 in the scope of our Books, Music and Video department offerings will be attractive to
customers and will result in increased sales of higher margin products;
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our belief that we can meet our published product shipping standards even during periods of relatively high sales activity;
our belief that we can maintain or improve upon customer service levels that we and our customers consider acceptable;
our belief that our information technology infrastructure, including the database cluster technology we implemented in late 2003, can and will
support our operations and will not suffer significant downtime;
our belief that the actions we took in late 2003 to improve the efficiency of our warehouse and to decrease our costs of providing customer
service will be effective and will not have adverse effects on our business;
our belief that the personnel adjustments we made in early 2004, which reduced our aggregate annual compensation by approximately
$1.5 million, will not have adverse effects on our business;
our belief that we can maintain inventory levels at appropriate levels despite the seasonal nature of our business; and
our belief that we can successfully offer and sell a constantly changing mix of products and services, including those we recently introduced in
our new travel department, ranging across a wide variety of price points.
Furthermore, in some cases, you can identify forward-looking statements by terminology such as may, will, could, should, expect, plan, intend,
anticipate, believe, estimate, predict, potential or continue, the negative of such terms or other comparable terminology. These statements are only predictions.
Actual events or results may differ materially. In evaluating these statements, you should specifically consider the risks outlined in this Form 10-K, including
those described in Item 1 under the caption "Risk Factors." These factors may cause our actual results to differ materially from those contemplated by any
forward-looking statement. Except as otherwise required by law, we expressly disclaim any obligation to release publicly any update or revisions to any
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