20 unchanged sentences
These effects, alone or taken together, could have a material adverse effect on our business, results of operations, legal exposure, or financial condition.
−Removed: The duration of the COVID-19 pandemic, resurgences, the severity of newly identified strains of the virus and the timing, availability and efficacy of vaccines cannot be determined.
−Removed: A sustained or prolonged outbreak, or a delayed or slower-than-anticipated vaccine rollout, could exacerbate the adverse impact of such measures.
+Added: The duration of the COVID-19 pandemic, resurgences, the severity of newly identified strains of the virus, the timing, availability, efficacy and public utilization of vaccines cannot be determined.
+Added: A sustained or prolonged outbreak, a delayed or slower-than-anticipated vaccine rollout, or widespread hesitancy to utilize vaccines could exacerbate the adverse impact of such measures.
Our largest customers account for a substantial portion of our revenue, and our revenue and cash flows could decline considerably if one or more of these customers were to purchase significantly fewer of our systems or delay or cancel a large order.
59 unchanged sentences
In particular, these restrictive measures may reduce overall global demand for our customers’ products or for other products produced or manufactured in the United States or based on United States technology, in turn reducing demand for our products, which could have a material adverse effect on our business, financial condition and results of operations.
−Removed: We are faced with various risks that may be associated with our compliance with existing, new, different, inconsistent or conflicting laws, regulations and rules enacted by governments and/or their regulatory agencies in the countries in which we operate as well as rules and policies implemented at our customer sites.
+Added: We are faced with various risks that may be associated with our compliance with existing, new, different, inconsistent or conflicting laws, regulations and rules enacted by governments and/or their regulatory agencies in the countries in which we
+Added: operate as well as rules and policies implemented at our customer sites.
These laws, regulations, rules and policies could relate to any of an array of issues including, but not limited to, environmental, tax, intellectual property, trade secrets, product liability, contracts, antitrust, employment, securities, import/export and unfair competition.
12 unchanged sentences
For example, our Milpitas operations are located near major earthquake fault lines in California.
−Removed: There may also be conflict or uncertainty in the countries in which we operate, including public health issues (for example, an outbreak of a contagious disease such as COVID-19, avian influenza, measles or Ebola),
−Removed: safety issues, natural disasters, fire, disruptions of service from utilities, nuclear power plant accidents or general economic or political unrest, including war, civil unrest or terrorist attacks.
+Added: There may also be conflict or uncertainty in the countries in which we operate, including public health issues (for example, an outbreak of a contagious disease such as COVID-19, avian influenza, measles or Ebola), safety issues, natural disasters, fire, disruptions of service from utilities, nuclear power plant accidents or general economic or political unrest, including war, civil unrest or terrorist attacks.
Difficulties in staffing and managing foreign branch operations .
23 unchanged sentences
Defects may be created during probing, bumping, dicing or general handling, and can have a major impact on device and process quality.
−Removed: When this occurs, our credibility and the market acceptance and sales of our systems could be harmed.
+Added: this occurs, our credibility and the market acceptance and sales of our systems could be harmed.
Further, if our systems contain errors, defects or bugs, computer viruses or malicious code as a result of cyber-attacks to our computer networks, we may be required to expend significant capital and resources to alleviate these problems.
59 unchanged sentences
We may be required to initiate litigation in order to enforce any patents issued to or licensed by us or to determine the scope or validity of a third party’s patent or other proprietary rights.
−Removed: Any litigation, regardless of outcome, could be expensive and time consuming and could subject us to significant liabilities or require us to re-engineer our products or obtain expensive licenses from third parties.
+Added: Any litigation, regardless of outcome, could be expensive and time consuming and could subject us to significant liabilities or require us to re-engineer our products or obtain expensive
+Added: licenses from third parties.
There can be no assurance that any patents issued to or licensed by us will not be challenged, invalidated or circumvented, or that the rights granted thereunder will provide us with a competitive advantage.
35 unchanged sentences
In order to attract and retain executives and other key employees, we must provide a competitive compensation package, including cash and stock-based compensation.
−Removed: If the anticipated value of the our stock-based incentive awards does not materialize so that they cease to be viewed as valuable, if our profits decrease, or if our total compensation package is not viewed as competitive, our ability to attract, retain and motivate executives and key employees could be weakened.
+Added: If the anticipated value of our stock-based incentive awards does not materialize so that they cease to be viewed as valuable, if our profits decrease, or if our total compensation package is not viewed as competitive, our ability to attract, retain and motivate executives and key employees could be weakened.
Any prolonged disruption in the operations of our manufacturing facilities could have a material adverse effect on our revenue.
9 unchanged sentences
If we do not effectively manage our outsourcing strategy or if third party service providers do not perform as anticipated, we may experience operational difficulties, increased costs, manufacturing interruptions or inefficiencies in the operation of our supply chain, any or all of which could delay our delivery of products to our customers, and materially and adversely affect our business, financial condition, and results of operations.
−Removed: We are in the process of consolidating a world-wide enterprise resource planning (“ERP”) system, and problems with the design or implementation of this ERP system could interfere with our business and operations.
+Added: We are in a multi-year process of consolidating a world-wide enterprise resource planning (“ERP”) system, and problems with the design or implementation of this ERP system could interfere with our business and operations.
We are currently engaged in a multi-year process of conforming all our operations to one global enterprise resource planning (“ERP”) system.
28 unchanged sentences
We cannot be certain that we will be able to timely negotiate vendor supply agreements on improved terms and conditions, or at all.
−Removed: Failure to achieve the desired level of cost reductions
−Removed: could adversely affect our financial results.
+Added: Failure to achieve the desired level of cost reductions could adversely affect our financial results.
Despite our efforts to control costs and increase efficiency in our facilities, changes in demand could still cause us to realize lower operating margins and profitability.
55 unchanged sentences
However, by entering into these arrangements, we are exposed to additional risks.
−Removed: If any of these financial institutions experiences financial difficulties or is otherwise unable to honor the terms of our factoring arrangements, we may experience material financial losses due to the failure of such arrangements, which could have an adverse impact upon our operating results, financial condition and cash flows.
+Added: If any of these financial institutions experiences financial difficulties or
+Added: is otherwise unable to honor the terms of our factoring arrangements, we may experience material financial losses due to the failure of such arrangements, which could have an adverse impact upon our operating results, financial condition and cash flows.
We are subject to various environmental laws and regulations that could impose substantial costs upon us and may harm our business, operating results and financial condition.
75 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.