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NDAQ » Topics » The combined companys results of operations may differ significantly from the unaudited pro forma condensed combined financial data included in this offering memorandum.

This excerpt taken from the NDAQ 8-K filed Feb 20, 2008.

The combined company’s results of operations may differ significantly from the unaudited pro forma condensed combined financial data included in this offering memorandum.

This offering memorandum includes unaudited pro forma condensed combined financial statements to illustrate the effects of the Transactions on the historical financial position and operating results of Nasdaq, OMX and PHLX. The unaudited pro forma condensed combined statements of income combine the historical consolidated financial statements of income of Nasdaq, OMX and PHLX, giving effect to the Transactions as if they had been completed on January 1, 2006. The unaudited pro forma condensed combined balance sheet combines the historical consolidated balance sheets of Nasdaq, OMX and PHLX, giving effect to the Transactions as if they occurred on September 30, 2007. This pro forma financial data is presented for illustrative purposes only and does not necessarily indicate the results of operations or the combined financial position that would have resulted had the Transactions been completed at the beginning of the periods presented, nor is it indicative of the results of operations in future periods or the future financial position of the combined company.

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