This excerpt taken from the EYE 8-K filed Jul 13, 2005.
If VISX fails to keep pace with advances in its industry or fails to develop new methods of vision correction, customers may not buy VISXs products and VISXs revenue may decline.
VISX must be able to manufacture and effectively market its products and persuade a sufficient number of eye care professionals to use its new products, as well as new methods of vision correction that VISX introduces,
such as its CustomVue® procedure. Sales of VISXs existing products may decline rapidly if a new product is introduced by one of its competitors or if it announces a new product that, in either case, represents a substantial improvement over its existing products. A decrease in procedure volume may also occur if consumers elect to delay undergoing laser vision correction surgery because they believe improved technology or methods of treatment will be available in the near future.