[tag=IN] [lemma=operate] [□]
[tag=IN] [lemma=operate] [□=□]
[tag=IN] [lemma=operate] [□ & □]
These risk factors include , among others : business and economic conditions and growth trends in the networking industry and in various geographic regions ; global economic conditions and uncertainties in the geopolitical environment ; overall information technology spending ; the growth of the Internet and levels of capital spending on Internet-based systems ; variations in customer demand for products and services , including sales to the service provider market ; the timing of orders and manufacturing lead times ; changes in customer order patterns or customer mix ; insufficient , excess , or obsolete inventory ; variability of component costs ; increased price competition ; variations in sales channels , product costs , or mix of products sold ; the ability to successfully acquire businesses and technologies and to successfully integrate and operate these acquired businesses and technologies ; increased competition in the networking industry ; dependence on the introduction and market acceptance of new product offerings and standards ; rapid technological and market change ; manufacturing and sourcing risks ; product defects and returns ; litigation involving patents , intellectual property , antitrust , stockholder , and other matters ; the ability to recruit and retain key personnel ; financial risk management ; currency fluctuations and other international factors ; and potential volatility in operating results . But it also added that applying such an aircraft fuel tax only to EU carriers " would result in a decrease in their revenues and in a large adverse impact on operating results , putting them at an unjustified disadvantage internationally " . Company 's quarterly and annual operating results are also affected by a wide variety of other factors that could materially and adversely affect revenues and profitability or lead to significant variability of operating results , including , among others , capital requirements and the availability of funding , competition , new product development and technological change and manufacturing . Readers are referred to the documents filed by Cisco with the SEC , specifically the most recent reports on Form 10-K , 10-Q and 8-K , each as it may be amended from time to time , which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements , including risks associated with business and economic conditions and growth in the networking industry in various geographic regions ; global economic conditions ; overall information technology spending , especially service provider capital spending in the data or IP segments ; variations in customer demand for products and services ; the ability to successfully restructure existing businesses ; the timing of orders and manufacturing lead times ; changes in customer order patterns ; insufficient , excess or obsolete inventory ; variations in sales channels , product costs , or mix of products sold ; the ability to successfully reduce overhead and manage expenses ; the ability to successfully integrate and operate acquired businesses and technologies ; increased competition in the networking industry ; dependence on the introduction and market acceptance of new product offerings and standards ; rapid technological and market change ; the trend towards sales of integrated network solutions ; manufacturing and sourcing risks ; Internet infrastructure and regulation ; international operations , the timing and amount of employer payroll tax to be paid on employees ' gains on stock options exercised ; litigation involving patents , intellectual property , antitrust and other matters ; stock price volatility ; financial risk management ; and potential volatility in operating results , among others . The outlook for operating results in 2007 is unclear due to the continuing weakness in the US housing markets and the degree of uncertainty over the US economic outlook . Factors respective to both companies which could cause results or events to differ from current expectations include , among other things : the severity and duration of the industry adjustment ; the sufficiency of our restructuring activities , including the potential for higher actual costs to be incurred in connection with restructuring actions compared to the estimated costs of such actions ; fluctuations in operating results and general industry , economic and market conditions and growth rates ; the ability to recruit and retain qualified employees ; fluctuations in cash flow , the level of outstanding debt and debt ratings ; the ability to meet financial covenants contained in our credit agreements ; the ability to make acquisitions and / or integrate the operations and technologies of acquired businesses in an effective manner ; the impact of rapid technological and market change ; the impact of price and product competition ; international growth and global economic conditions , particularly in emerging markets and including interest rate and currency exchange rate fluctuations ; the impact of rationalization in the telecommunications industry ; the dependence on new product development ; the uncertainties of the Internet ; the impact of the credit risks of our customers and the impact of customer financing and commitments ; stock market volatility ; the entrance into an increased number of supply and outsourcing contracts which contain delivery and installation provisions , which , if not met , could result in the payment of substantial penalties or liquidated damages ; the ability to obtain timely , adequate and reasonably priced component parts from suppliers and internal manufacturing capacity ; the future success of our strategic alliances ; and the adverse resolution of litigation . Readers are referred to the documents filed by Cisco with the Securities and Exchange Commission , specifically the most recent reports on Forms 10-K , 8-K , and 10-Q , including amendments thereto , which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements , including risks associated with acquisition strategy , dependence on new product offerings , competition , patents , intellectual property and licensing , future growth , rapid technological and market change , manufacturing and sourcing risks , Internet infrastructure and regulation , international operations , volatility of stock price , financial risk management , and potential volatility in operating results , among others .