Virage Logic Acquisition Conference Call Safe Harbor and GAAP Reconciliation Statement
This webcast includes forward-looking statements, including our expectations about the timing and likelihood of closing of the acquisition and about the potential benefits of the combination. While these statements represent our best current judgment, our results are subject to many risks and uncertainties that could cause actual results to be materially different than what we expect. In addition to any risks that we highlight during this call, important factors that may affect our future results are described in our Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2010, and in our press release announcing the definitive agreement with Virage Logic, issued June 10, 2010. This webcast contains forward-looking statements within the meaning of U.S. federal securities laws, including statements regarding the expected closing of our acquisition of Virage Logic, the expected impact on our financial results, benefits of the proposed transaction, and integration of Virage Logic’s offering and staff with those of Synopsys. Forward-looking statements are subject to both known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied in the forward-looking statements, and that are outside our control. These risks and uncertainties include, among others: our ability to satisfy the closing conditions to complete the acquisition of Virage Logic; our ability to integrate the acquired business and technologies with our own; the effect of the announcement of the merger on Synopsys’ and Virage Logic’s respective businesses, including possible delays in customer orders; our potential inability to operate or integrate Virage Logic’s business successfully, including the potential loss of customers, key employees or vendors; and uncertain customer demand for the new offerings. Other risks and uncertainties that may apply are set forth in the Risk Factors section of our most recently filed Quarterly Report on Form 10-Q. Synopsys assumes no obligation to update any forward-looking statement contained in this press release.
The targets and the information given in the webcast represent Synopsys' expectations and beliefs as of June 10, 2010. Although this webcast will remain available on Synopsys' website for approximately 60 days, its continued availability does not mean that Synopsys is reaffirming or confirming its continued validity. Synopsys is under no obligation to (and expressly disclaims any such obligation to) update or alter any of the forward-looking statements contained in this webcast whether as a result of new information, future events or otherwise, unless otherwise required by law.
In addition, the information we discuss on this conference call related to our intent to acquire Virage Logic is for informational purposes only. This information is not an offer to buy or the solicitation of an offer to sell any securities. Virage Logic intends to file with the Securities and Exchange Commission preliminary and definitive proxy statements and other relevant materials in connection with the proposed transaction. Before making any voting or investment decision with respect to the acquisition, investors are urged to read Virage Logic’s proxy statement and the other relevant materials when they become available because they will contain important information about the transaction.
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