This excerpt taken from the NDAQ 10-K filed Mar 14, 2005.
Our financial condition and results of operations may suffer if we incur more charges than currently anticipated.
In June 2003, we announced the results of a strategic review designed to eliminate non-core products and initiatives in order to position us for improved profitability and growth. Through the end of 2003, we had incurred $145.5 million in pre-tax charges related to the elimination of these products and services. See Note 3, Significant TransactionsStrategic Review, to the consolidated financial statements. We continue to evaluate our cost structure relative to our revenue levels and may take additional charges in the future. If our estimates about future charges prove to be inadequate, our financial condition and results of operations could be adversely affected.