This excerpt taken from the EYE 8-K filed Jul 13, 2005.
VISXs reliance on sales in international markets could negatively impact its revenues and operating results.
Sales to customers outside the United States represented 16%, 17% and 23% of VISXs total revenues in 2004, 2003 and 2002, respectively, and 17% and 14% for the quarters ended March 31, 2005 and 2004, respectively. To date, all of VISXs sales have been denominated in United States dollars. VISXs international presence exposes it to risks, including:
VISX is particularly susceptible to these risks in South Korea, Taiwan and Canada. If one or more of these risks materialize, VISXs sales to international customers may decrease and VISXs costs may increase, which could negatively impact VISXs revenues and operating results.