ServiceMagic 2009 Annual Report Download - page 48
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Table of Contents
IAC anticipates that it will need to make capital and other expenditures in connection with the development and expansion of its overall
operations. The Company may make a number of acquisitions which could result in the reduction of its cash balance or the incurrence of debt.
IAC expects that 2010 capital expenditures will be slightly lower than 2009. IAC believes that its cash on hand along with its anticipated
operating cash flows in 2010 and its access to capital markets are sufficient to fund its operating needs, capital, investing and other commitments
and contingencies for the foreseeable future.
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