cisco-annual-report-2021

Risks Related to Ownership of Our Stock
Our stock price may be volatile.
Historically, our common stock has experienced substantial price volatility, particularly as a result of variations between our
actual financial results and the published expectations of analysts and as a result of announcements by our competitors and
us. Furthermore, speculation in the press or investment community about our strategic position, financial condition, results of
operations, business, security of our products, or significant transactions can cause changes in our stock price. In addition, the
stock market has experienced extreme price and volume fluctuations that have affected the market price of many technology
companies, in particular, and that have often been unrelated to the operating performance of these companies. These factors,
as well as general economic and political conditions and the announcement of proposed and completed acquisitions or other
significant transactions, or any difficulties associated with such transactions, by us or our current or potential competitors,
may materially adversely affect the market price of our common stock in the future. Additionally, volatility, lack of positive
performance in our stock price or changes to our overall compensation program, including our stock incentive program, may
adversely affect our ability to retain key employees, virtually all of whom are compensated, in part, based on the performance
of our stock price.
Item 1B.
Unresolved Staff Comments
None.
Item 2.
Properties
Our corporate headquarters are located at an owned site in San Jose, California, in the United States of America. The locations
of our headquarters by geographic segment are as follows:
Americas EMEA APJC
San Jose, California, USA Amsterdam, Netherlands Singapore
In addition to our headquarters site, we own additional sites in the United States, which include facilities in the surrounding
areas of San Jose, California; Research Triangle Park, North Carolina; Richardson, Texas; and Lawrenceville, Georgia. We also
own land for expansion in some of these locations. In addition, we lease office space in many U.S. locations.
Outside the United States our operations are conducted primarily in leased sites. Other significant sites (in addition to the two
non-U.S. headquarters locations) are located in Australia, Belgium, Canada, China, Germany, India, Japan, Mexico, Poland,
and the United Kingdom.
We believe that our existing facilities, including both owned and leased, are in good condition and suitable for the conduct of
our business.
Item 3.
Legal Proceedings
For a description of pending legal proceedings in which we are involved, see Note 14 “Commitments and Contingencies - (f)
Legal Proceedings” of the Notes to Consolidated Financial Statements included in Item 8 of this Annual Report on Form 10-K,
which is incorporated herein by reference.
Item 4.
Mine Safety Disclosures
Not applicable.
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