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Table of Contents
years before 2010 may not be indicative of our future performance as an independent company. For additional information about our past financial
performance and the basis of presentation of our financial statements, see "Item 6—Selected Financial Data," "Item 7—Management's Discussion and
Analysis of Financial Condition and Results of Operations" and our accompanying consolidated financial statements and the notes thereto included elsewhere
in this Annual Report.
Risks Relating to our Common Stock and the Securities Market
Our stock price may fluctuate significantly.
We experienced a significant decline in our stock price leading up to and subsequent to the announcement of our financial results for the three months
ended June 30, 2011. Our stock price may continue to fluctuate significantly depending on many factors, some of which may be beyond our control,
including:
• actual or anticipated fluctuations in our operating results due to factors related to our business;
• success or failure of our business strategy;
• our quarterly or annual earnings, or those of other companies in our industry;
• our ability to obtain financing as needed;
• announcements by us or our competitors of significant acquisitions or dispositions;
• changes in accounting standards, policies, guidance, interpretations or principles;
• changes in earnings estimates by securities analysts or our ability to meet those estimates;
• the operating and stock price performance of other comparable companies;
• overall market fluctuations;
• changes in laws and regulations affecting our business; and
• general economic conditions and other external factors.
Stock markets in general have experienced volatility that has often been unrelated to the operating performance of a particular company. These broad
market fluctuations could adversely affect the trading price of our common stock.
ITEM 1B. UNRESOLVED STAFF COMMENTS
None.
ITEM 2. PROPERTIES
Our headquarters, located in New York City, is a leased property consisting of approximately 230 thousand square feet. We own a corporate campus in
Dulles, Virginia comprising office buildings, a data center and support facilities of approximately 840 thousand square feet. We lease or own additional office
space and data centers located in California and Virginia totaling approximately 620 thousand square feet. In addition to these properties, we lease
approximately 50 facilities for use as corporate offices, sales offices, development centers, data centers and other operations in other locations in Colorado,
the District of Columbia, Florida, Georgia, Illinois, Maryland, Massachusetts, Michigan, New York, New Jersey, Ohio, Pennsylvania, and Tennessee and in
the countries of Canada, China, Denmark, France, Germany, India, Ireland, Israel, Japan, Spain, Sweden and the United Kingdom. We sublease to third
parties approximately 208 thousand square feet of the properties discussed above.
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