VMware 2009 Annual Report Download - page 3

Download and view the complete annual report

Please find page 3 of the 2009 VMware 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.

Page out of 125

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125

Table of Contents
TABLE OF CONTENTS
VMware, VMworld, VMware vSphere, VMware Fusion, VMmark, GSX Server, P2V, Multipleworlds, VMware vCloud, ESX, VMsafe,
vMotion, Covalent, SpringSource, Hyperic and Hyperic HQ are registered trademarks or trademarks of VMware, Inc. in the United States and/or
other jurisdictions. All other marks and names mentioned herein may be trademarks of their respective companies.
FACTORS THAT MAY AFFECT FUTURE RESULTS
This Annual Report on Form 10-K contains forward-looking statements, within the meaning of the federal securities laws, about our
business and prospects. The forward-
looking statements do not include the potential impact of future events, including any mergers, acquisitions,
divestitures, securities offerings or business combinations or other developments in our business that may be announced or consummated after
the date of this Annual Report. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking
statements. Without limiting the foregoing, the words “outlook”, “believes,” “plans,” “intends,” “expects,” “goals,” “potential,” “continues,”
“may,” “will,” “should,” “seeks,” “predicts,” “estimates,” “anticipates,” and similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain these words. Our future results may differ materially from our past results and
from those projected in the forward-looking statements due to various uncertainties and risks, including those described in Item 1A of Part I
(Risk Factors). The forward-looking statements speak only as of the date of this Annual Report and undue reliance should not be placed on these
statements. We disclaim any obligation to update any forward-looking statements contained herein after the date of this Annual Report.
i
Page
PART I
Item 1.
Business
1
Item 1A.
Risk Factors
11
Item 1B.
Unresolved Staff Comments
35
Item 2.
Properties
35
Item 3.
Legal Proceedings
35
Item 4.
Submission of Matters to a Vote of Security Holders
35
PART II
Item 5.
Market for Registrant
’
s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities
37
Item 6.
Selected Financial Data
40
Item 7.
Management
’
s Discussion and Analysis of Financial Condition and Results of Operations
42
Item 7A.
Quantitative and Qualitative Disclosures About Market Risk
64
Item 8.
Financial Statements and Supplementary Data
66
Item 9.
Changes in and Disagreements with Accountants on Accounting and Financial Disclosures
105
Item 9A.
Controls and Procedures
105
Item 9B.
Other Information
105
PART III
Item 10.
Directors, Executive Officers, and Corporate Governance
106
Item 11.
Executive Compensation
106
Item 12.
Security Ownership of Certain Beneficial Owners and Management, and Related Stockholder Matters
106
Item 13.
Certain Relationships and Related Transactions, and Director Independence
106
Item 14.
Principal Accountant Fees and Services
106
PART IV
Item 15.
Exhibits and Financial Statement Schedule
107
Signatures
109