Vonage 2010 Annual Report Download - page 8

Download and view the complete annual report

Please find page 8 of the 2010 Vonage 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 97

  • 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

FORWARD-LOOKING STATEMENTS
From time to time, we may provide in
f
ormation, whether orally or
in writin
g
, includin
g
certain statements in this Annual Report on Form
10-K, which are deemed to be “forward-looking” within the meaning
of the Private
S
ecurities Litigation Reform Act of 1995
(
the “Litigatio
n
Reform Act”
)
. These forward-lookin
g
statements and other information
are based on our beliefs as well as assumptions made by us usin
g
in
f
ormation currently available
.
T
he words “antici
p
ate,” “believe,” “estimate,” “ex
p
ect,” “intend,
w
ill
,
”“
s
h
ou
ld”
an
d
s
i
m
il
ar express
i
ons, as t
h
ey re
l
ate to us, are
intended to identify forward-looking statements.
S
uch statement
s
r
eflect our current views with res
p
ect to future events and are sub
j
ec
t
to certain risks, uncertainties, and assumptions. Should one or more
o
f
these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results ma
y
var
y
materiall
y
fro
m
t
h
ose
d
escr
ib
e
dh
ere
i
n as ant
i
c
i
pate
d
,
b
e
li
eve
d
, est
i
mate
d
, expecte
d
or
i
nten
d
e
d
or us
i
ng ot
h
er s
i
m
il
ar express
i
ons.
W
e
d
o not
i
nten
d
t
o
u
pdate these forward-lookin
g
statements, except as required by law
.
I
n accordance with the provisions of the Litigation Reform Act, w
e
are making investors aware that such
f
orward-looking statements
,
b
ecause the
y
relate to
f
uture events, are b
y
their ver
y
nature subject t
o
m
any important factors that could cause actual results to diffe
r
m
aterially
f
rom those contemplated by the
f
orward-looking statement
s
contained in this Annual Report on Form 10-K, an
y
exhibits to thi
s
Form 10-K and other public statements we make. Such factors
include, but are not limited to: the competition we
f
ace; our ability to
adapt to rapid chan
g
es in the market for voice and messa
g
in
g
serv-
i
ces; our a
bili
ty to reta
i
n customers an
d
attract new customers; resu
l
t
s
o
f
pending litigation and intellectual property and other litigation that
m
ay be brou
g
ht a
g
ainst us; failure to protect our trademarks and
internally developed software; our ability to obtain or maintain relevant
intellectual property licenses; our dependence on third party
f
acilities,
equipment, s
y
stems and services; s
y
stem disruptions or flaws in our
technology; fraudulent use of our name or services; our ability to
m
aintain data security; results o
f
regulatory inquiries into our busines
s
p
ractices; our ability to obtain additional financin
g
if required
;
r
estrictions in our debt agreements that may limit our operating flexi-
b
ility; any reinstatement o
f
holdbacks by our vendors; our dependenc
e
on our customers’ existin
g
broadband connections; uncertainties
r
elating to regulation of VoIP services; increased governmental regu-
l
at
i
on, currency restr
i
ct
i
ons, an
d
ot
h
er restra
i
nts an
db
ur
d
ensom
e
taxes and risks incident to forei
g
n operations; differences between ou
r
s
erv
i
ce an
d
tra
di
t
i
ona
l
p
h
one serv
i
ces,
i
nc
l
u
di
ng our 911 serv
i
ce; ou
r
dependence upon key personnel; our history o
f
net losses and abilit
y
to achieve consistent profitabilit
y
in the future; and other factors tha
t
are set forth in the “Risk Factors” section, and other sections of thi
s
Annual Report on Form 10-K, as well as in our
Q
uarterly Reports on
Form 10-Q and Current Re
p
orts on Form 8-K.
FINANCIAL INFORMATION PRESENTATION
For the
f
inancial in
f
ormation discussed in this Annual Re
p
ort o
n
F
orm 10-
K
,ot
h
er t
h
an per s
h
are an
d
per
li
ne amounts,
d
o
ll
ar amount
s
are presented in thousands, except where noted. All trademarks ar
e
the propert
y
o
f
their owners.
1