Intel 2008 Annual Report Download - page 27

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Table of Contents
Interest and other, net could be harmed by macroeconomic and other factors.
Factors that could cause interest and other, net in our consolidated statements of income to fluctuate include:
Our acquisitions, divestitures, and other transactions could disrupt our ongoing business and harm our results of
operations.
In pursuing our business strategy, we routinely conduct discussions, evaluate opportunities, and enter into agreements
regarding possible investments, acquisitions, divestitures, and other transactions, such as joint ventures. Acquisitions and other
transactions involve significant challenges and risks, including risks that:
When we decide to sell assets or a business, we may encounter difficulty in finding or completing divestiture opportunities or
alternative exit strategies on acceptable terms in a timely manner, and the agreed terms and financing arrangements could be
renegotiated due to changes in business or market conditions. These circumstances could delay the accomplishment of our
strategic objectives or cause us to incur additional expenses with respect to businesses that we want to dispose of, or we may
dispose of a business at a price or on terms that are less favorable than we had anticipated, resulting in a loss on the
transaction.
If we do enter into agreements with respect to acquisitions, divestitures, or other transactions, we may fail to complete them
due to:
Further, acquisitions, divestitures, and other transactions require substantial management resources and have the potential to
divert our attention from our existing business. These factors could harm our business and results of operations.
22
• fixed-income, equity, and credit market volatility, such as that which is being experienced in the current global
economic environment;
•
fluctuations in foreign currency exchange rates;
•
fluctuations in interest rates;
•
changes in our cash and investment balances; and
•
changes in our hedge accounting treatment.
•
we may not be able to identify suitable opportunities at terms acceptable to us;
•
the transaction may not advance our business strategy;
•
we may not realize a satisfactory return on the investment we make;
•
we may not be able to retain key personnel of the acquired business; or
•
we may experience difficulty in integrating new employees, business systems, and technology.
•
failure to obtain required regulatory or other approvals;
•
intellectual property or other litigation;
•
difficulties that we or other parties may encounter in obtaining financing for the transaction; or
•
other factors.