This excerpt taken from the NDAQ 8-K filed Feb 20, 2008.
OMX has invested substantial capital in system platforms, including Genium, and a failure to successfully implement such systems could adversely affect OMXs business.
In its technology operations, OMX invests substantial amounts in the development of system platforms. Although investments are carefully planned, there can be no assurance that the demand for such platforms will justify the related investments and that the future levels of orders will be sufficient to generate an acceptable return on such investments. In particular, OMXs Market Technology business area has invested substantial capital in its development of
next-generation information technology for marketplaces called Genium. If OMX is unable to successfully implement Genium, or if OMX fails to generate adequate revenue from planned system platforms, or if it fails to do so within the envisioned timeframe, it could have an adverse effect on the combined companys results of operations and financial condition.