SHOR » Topics » Our operating results may fluctuate in the future, which could cause our stock price to decline.

This excerpt taken from the SHOR 10-Q filed May 8, 2009.

Our operating results may fluctuate in the future, which could cause our stock price to decline.

Our historical revenues and operating results have varied from quarter to quarter. Moreover, our actual or projected operating results for some quarters may not meet the expectations of stock market analysts and investors, which may cause our stock price to decline. For example, in response to our January 2008 announcement regarding our preliminary financial results for the quarter ended December 31, 2007 our stock price declined substantially. In addition to the factors discussed elsewhere in this “Risk Factors” section, a number of factors may cause our revenue to fall short of our expectations or cause fluctuations in our operating results, including:

 

   

the purchasing and budgeting cycles of enterprise customers;

 

   

the timing and volume of shipments of our products during a quarter, particularly as we have recently begun to experience an increased level of sales occurring towards the end of a quarter;

 

   

delays in purchasing decisions by our customers from one quarter to the next, or later;

 

   

adverse conditions specific to the IP telecommunications market, including decreased demand due to overall economic conditions or reduced discretionary spending by enterprises, rates of adoption of IP telecommunications systems and introduction of new standards;

 

   

the timing and success of new product introductions by us or our competitors;

 

   

the timing of recognition of revenue from sales to our customers;

 

   

changes in our or our competitors’ pricing policies or sales terms;

 

   

changes in the mix of our products and services sold during a particular period;

 

   

the amount and timing of operating costs related to the maintenance and expansion of our business, operations and infrastructure;

 

   

our ability to control costs, including third-party manufacturing costs and costs of components;

 

   

our ability to obtain sufficient supplies of components;

 

   

our ability to maintain sufficient production volumes for our products from our contract manufacturers;

 

   

volatility in our stock price, which may lead to higher stock compensation expenses pursuant to Statement of Financial Accounting Standards No. 123(R), Share-Based Payment;

 

   

publicly-announced litigation, and the impact of such litigation on our operating results;

 

   

the timing of costs related to the development or acquisition of technologies or businesses;

 

   

changes in domestic and international regulatory environments affecting the internet and telecommunications industries;

 

   

our ability to successfully expand our international operations;

 

   

seasonality in our target markets;

 

   

general economic conditions or economic recession;

 

   

decline in interest rates on our investments; and

 

   

volatility and fluctuation in foreign currency exchange rates.

 

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Because our operating expenses are largely fixed in the short-term, any shortfalls in revenue in a given period would have a direct and adverse effect on our operating results in that period. We believe that our quarterly and annual revenue and results of operations may vary significantly in the future and that period-to-period comparisons of our operating results may not be meaningful. You should not rely on the results of one period as an indication of future performance.

 

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
This excerpt taken from the SHOR 10-Q filed Feb 9, 2009.

Our operating results may fluctuate in the future, which could cause our stock price to decline.

Our historical revenues and operating results have varied from quarter to quarter. Moreover, our actual or projected operating results for some quarters may not meet the expectations of stock market analysts and investors, which may cause our stock price to decline. For example, in response to our announcement regarding our preliminary financial results for the quarter ended December 31, 2007 our stock price declined substantially. In addition to the factors discussed elsewhere in this “Risk Factors” section, a number of factors may cause our revenue to fall short of our expectations or cause fluctuations in our operating results, including:

 

   

the purchasing and budgeting cycles of enterprise customers;

 

   

the timing and volume of shipments of our products during a quarter, particularly as we have recently begun to experience an increased level of sales occurring towards the end of a quarter;

 

   

delays in purchasing decisions by our customers from one quarter to the next, or later;

 

   

adverse conditions specific to the IP telecommunications market, including decreased demand due to overall economic conditions or reduced discretionary spending by enterprises, rates of adoption of IP telecommunications systems and introduction of new standards;

 

   

the timing and success of new product introductions by us or our competitors;

 

   

the timing of recognition of revenue from sales to our customers;

 

   

changes in our or our competitors’ pricing policies or sales terms;

 

   

changes in the mix of our products and services sold during a particular period;

 

   

the amount and timing of operating costs related to the maintenance and expansion of our business, operations and infrastructure;

 

   

our ability to control costs, including third-party manufacturing costs and costs of components;

 

   

our ability to obtain sufficient supplies of components;

 

   

our ability to maintain sufficient production volumes for our products from our contract manufacturers;

 

   

volatility in our stock price, which may lead to higher stock compensation expenses pursuant to Statement of Financial Accounting Standards No. 123(R), Share-Based Payment;

 

   

publicly-announced litigation, such as the lawsuit by Mitel or stockholder litigation, and the impact of such litigation on our operating expenses and sales;

 

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the timing of costs related to the development or acquisition of technologies or businesses;

 

   

changes in domestic and international regulatory environments affecting the internet and telecommunications industries;

 

   

our ability to successfully expand our international operations;

 

   

seasonality in our target markets;

 

   

general economic conditions or economic recession;

 

   

decline in interest rates on our investments; and

 

   

volatility and fluctuation in foreign currency exchange rates.

Because our operating expenses are largely fixed in the short-term, any shortfalls in revenue in a given period would have a direct and adverse effect on our operating results in that period. We believe that our quarterly and annual revenue and results of operations may vary significantly in the future and that period-to-period comparisons of our operating results may not be meaningful. You should not rely on the results of one period as an indication of future performance.

This excerpt taken from the SHOR 10-Q filed Nov 6, 2008.

Our operating results may fluctuate in the future, which could cause our stock price to decline.

Our historical revenues and operating results have varied from quarter to quarter. Moreover, our actual or projected operating results for some quarters may not meet the expectations of stock market analysts and investors, which may cause our stock price to decline. For example, in response to our announcement regarding our preliminary financial results for the quarter ended December 31, 2007 our stock price declined substantially. In addition to the factors discussed elsewhere in this “Risk Factors” section, a number of factors may cause our revenue to fall short of our expectations or cause fluctuations in our operating results, including:

 

   

the purchasing and budgeting cycles of enterprise customers;

 

   

the timing and volume of shipments of our products during a quarter, particularly as we have recently begun to experience an increased level of sales occurring towards the end of a quarter;

 

   

delays in purchasing decisions by our customers from one quarter to the next, or later;

 

   

adverse conditions specific to the IP telecommunications market, including decreased demand due to overall economic conditions or reduced discretionary spending by enterprises, rates of adoption of IP telecommunications systems and introduction of new standards;

 

   

the timing and success of new product introductions by us or our competitors;

 

   

the timing of recognition of revenue from sales to our customers;

 

   

changes in our or our competitors’ pricing policies or sales terms;

 

   

changes in the mix of our products and services sold during a particular period;

 

   

the amount and timing of operating costs related to the maintenance and expansion of our business, operations and infrastructure;

 

   

our ability to control costs, including third-party manufacturing costs and costs of components;

 

   

our ability to obtain sufficient supplies of components;

 

   

our ability to maintain sufficient production volumes for our products;

 

   

volatility in our stock price, which may lead to higher stock compensation expenses pursuant to Statement of Financial Accounting Standards No. 123(R), Share-Based Payment, or SFAS 123(R);

 

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publicly-announced litigation, such as the lawsuit by Mitel or stockholder litigation, and the impact of such litigation on our operating expenses and sales;

 

   

the timing of costs related to the development or acquisition of technologies or businesses;

 

   

changes in domestic and international regulatory environments affecting the Internet and telecommunications industries;

 

   

our ability to successfully expand our international operations;

 

   

seasonality in our target markets;

 

   

general economic conditions or economic recession;

 

   

decline in interest rates on our investments; and

 

   

volatility and fluctuation in foreign currency exchange rates.

Because our operating expenses are largely fixed in the short-term, any shortfalls in revenue in a given period would have a direct and adverse effect on our operating results in that period. We believe that our quarterly and annual revenue and results of operations may vary significantly in the future and that period-to-period comparisons of our operating results may not be meaningful. You should not rely on the results of one period as an indication of future performance.

This excerpt taken from the SHOR 10-K filed Sep 12, 2008.

Our operating results may fluctuate in the future, which could cause our stock price to decline.

Our historical revenues and operating results have varied from quarter to quarter. Moreover, our actual or projected operating results for some quarters may not meet the expectations of stock market analysts and investors, which may cause our stock price to decline. For example, in response to our announcement regarding our preliminary financial results for the quarter ended December 31, 2007 our stock price declined substantially. In addition to the factors discussed elsewhere in this “Risk Factors” section, a number of factors may cause our revenue to fall short of our expectations or cause fluctuations in our operating results, including:

 

   

the purchasing and budgeting cycles of enterprise customers;

 

   

the timing and volume of shipments of our products during a quarter, particularly as we have recently begun to experience an increased level of sales occurring towards the end of a quarter;

 

   

delays in purchasing decisions by our customers from one quarter to the next, or later;

 

   

adverse conditions specific to the IP telecommunications market, including decreased demand due to overall economic conditions or reduced discretionary spending by enterprises, rates of adoption of IP telecommunications systems and introduction of new standards;

 

   

the timing and success of new product introductions by us or our competitors;

 

   

the timing of recognition of revenue from sales to our customers;

 

   

changes in our or our competitors’ pricing policies or sales terms;

 

   

changes in the mix of our products and services sold during a particular period;

 

   

the amount and timing of operating costs related to the maintenance and expansion of our business, operations and infrastructure;

 

   

our ability to control costs, including third-party manufacturing costs and costs of components;

 

   

our ability to obtain sufficient supplies of components;

 

   

our ability to maintain sufficient production volumes for our products;

 

   

volatility in our stock price, which may lead to higher stock compensation expenses pursuant to Statement of Financial Accounting Standards No. 123(R), Share-Based Payment, or SFAS 123(R);

 

   

publicly-announced litigation, such as the lawsuit by Mitel or stockholder litigation, and the impact of such litigation on our operating expenses and sales;

 

   

the timing of costs related to the development or acquisition of technologies or businesses;

 

   

changes in domestic and international regulatory environments affecting the Internet and telecommunications industries;

 

   

our ability to successfully expand our international operations;

 

   

seasonality in our target markets; and

 

   

general economic conditions or economic recession.

Because our operating expenses are largely fixed in the short-term, any shortfalls in revenue in a given period would have a direct and adverse effect on our operating results in that period. We believe that our quarterly and annual revenue and results of operations may vary significantly in the future and that period-to-period comparisons of our operating results may not be meaningful. You should not rely on the results of one period as an indication of future performance.

 

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This excerpt taken from the SHOR 10-K filed Sep 27, 2007.
Our operating results may fluctuate in the future, which could cause our stock price to decline.
 
Our quarterly and annual results of operations may fluctuate in the future as a result of a variety of factors, some of which may be outside of our control. If our results of operations fall below the expectations of securities analysts or investors, the price of our common stock could decline substantially. Fluctuations in our quarterly or annual results of operations may be due to a number of factors, including, but not limited to:
 
  •  the timing and volume of shipments of our products during a particular period;
 
  •  the timing and success of new product introductions by us or our competitors;
 
  •  the timing of recognition of revenue from sales to our customers;
 
  •  changes in our or our competitors’ pricing policies or sales terms;
 
  •  changes in the mix of our products and services sold during a particular period;
 
  •  the amount and timing of operating costs related to the maintenance and expansion of our business, operations and infrastructure;
 
  •  our ability to control costs, including third-party manufacturing costs and costs of components;
 
  •  our ability to obtain sufficient supplies of components;
 
  •  our ability to maintain sufficient production volumes for our products;
 
  •  volatility in our stock price, which may lead to higher stock compensation expenses pursuant to Statement of Financial Accounting Standards No. 123(R), Share-Based Payment, or SFAS 123(R);
 
  •  publicly-announced litigation, such as the lawsuit by Mitel;
 
  •  the timing of costs related to the development or acquisition of technologies or businesses;
 
  •  conditions specific to the IP telecommunications market, such as rates of adoption of IP telecommunications systems and introduction of new standards;
 
  •  changes in domestic and international regulatory environments affecting the Internet and telecommunications industries;
 
  •  seasonality in our target markets; and
 
  •  the purchasing and budgeting cycles of enterprise customers.
 
Because our operating expenses are largely fixed in the short-term, any shortfalls in revenue in a given period would have a direct and adverse effect on our operating results in that period. We believe that our quarterly and annual revenue and results of operations may vary significantly in the future and that period-to-period comparisons of our operating results may not be meaningful. You should not rely on the results of one period as an indication of future performance.
 
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