This excerpt taken from the NDAQ 8-K filed Feb 20, 2008.
The combined company may not be able to keep up with rapid technological and other competitive changes affecting its industry.
The markets in which the combined company will compete are characterized by rapidly changing technology, evolving industry standards, frequent enhancements to existing products and services, the introduction of new services and products and changing customer demands. If the combined companys platforms fail to function as expected, the combined companys business would be negatively affected. In addition, the combined companys business, financial condition and operating results may be adversely affected if the combined company cannot successfully develop, introduce or market new services and products or if it needs to adopt costly and customized technology for its services and products. Further, the combined companys failure to anticipate or respond adequately to changes in technology and customer preferences, or any significant delays in product development efforts, could have a material adverse effect on its business, financial condition and operating results.