Shutterfly 2009 Annual Report Download - page 24

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Please find page 24 of the 2009 Shutterfly annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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We have a limited public company operating history, which makes it difficult to evaluate our business and prospects for the future.
We became a public company in September 2006, and we have only a limited public operating history on which investors can base an
evaluation of our business and future prospects. We face many risks, uncertainties, expenses and difficulties. To address these risks and
uncertainties, we must do the following:
We may be unable to accomplish one or more of these requirements, which could cause our business to suffer. Accomplishing one or more
of these requirements might be very expensive, which could harm our financial results.
maintain and increase the size of our customer base;
maintain and enhance our brand;
maintain and grow our website and customer operations;
enhance and expand our products and services;
successfully execute our business and marketing strategy;
continue to develop and upgrade our technology and information processing systems;
continue to enhance our service to meet the needs of a changing market;
provide superior customer service;
respond to competitive developments; and
attract, integrate, retain and motivate qualified personnel.
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