Seagate 2015 Annual Report Download - page 39

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TableofContents
Anydecisiontoreduceordiscontinuethepaymentofcashdividendstoourshareholdersortherepurchaseofourordinarysharespursuanttoourpreviously
announcedsharerepurchaseprogramcouldcausethemarketpriceofourordinarysharestodeclinesignificantly.
Althoughwehaveannouncedtargetedregularcashdividendamountsandasharerepurchaseprogram,weareundernoobligationtopaycashdividendstoour
shareholdersinthefutureattheannouncedtargetedlevelsoratallortorepurchaseourordinarysharesatanyparticularpriceoratall.Thedeclarationandpayment
ofanyfuturedividendsisatthediscretionofourBoardofDirectorsandourpreviouslyannouncedsharerepurchaseprogrammaybesuspendedordiscontinuedat
anytime.Ourpaymentofquarterlycashdividendsandtherepurchaseofourordinarysharespursuanttooursharerepurchaseprogramaresubjectto,amongother
things,ourfinancialpositionandresultsofoperations,availablecashandcashflow,capitalandregulatoryrequirements,marketandeconomicconditions,our
ordinaryshareprice,andotherfactors.Anyreductionordiscontinuancebyusofthepaymentofquarterlycashdividendsortherepurchaseofourordinaryshares
pursuanttooursharerepurchaseprogramcouldcausethemarketpriceofourordinarysharestodeclinesignificantly.Moreover,intheeventourpaymentof
quarterlycashdividendsorrepurchasesofourordinarysharesarereducedordiscontinued,ourfailuretoresumesuchactivitiesathistoricallevelscouldresultina
persistentlowermarketvaluationofourordinaryshares.
Significantfluctuationsinthemarketpriceofourordinarysharescouldresultinsecuritiesclassactionclaimsagainstus.
Significantpriceandvaluefluctuationshaveoccurredwithrespecttothepubliclytradedsecuritiesoftechnologycompanies.Thepriceofourordinaryshares
islikelytobevolatileinthefuture.Inthepast,followingperiodsofdeclineinthemarketpriceofacompany'ssecurities,classactionlawsuitshaveoftenbeen
pursuedagainstthatcompany.Ifsimilarlitigationwerepursuedagainstus,itcouldresultinsubstantialcostsandadiversionofmanagement'sattentionand
resources,whichcouldmateriallyadverselyaffectourresultsofoperations,financialconditionandliquidity.
ITEM1B.UNRESOLVEDSTAFFCOMMENTS
None.
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