Polycom Comments on Filing from Elliott Associates, L.P.
October 08 2015 - 1:45PM
Business Wire
Polycom, Inc. (Nasdaq: PLCM), today issued the following
statement in response to a Schedule 13D filing by Elliott
Associates, L.P., et. al.
“Polycom’s Board and management regularly review and evaluate
the company’s strategy as part of our commitment to enhance
shareholder value. We maintain an ongoing dialogue with our
shareholders, and we will be meeting with Elliott’s representatives
to discuss their thoughts. It is our policy, however, not to
comment on our discussions with shareholders.”
Forward Looking Statements and Risk
Factors
This release contains forward-looking statements within the
meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995, including statements regarding
shareholder value. These forward-looking statements are subject to
risks and uncertainties that may cause actual results to differ
materially, including the impact of competition on our product
sales and on our customers and partners, and any resulting loss of
business; the impact of increased competition due to consolidation
in our industry or competition from companies that are larger or
that have greater resources than we do; potential fluctuations in
results and future growth rates; risks associated with global
economic conditions and external market factors; the market
acceptance of our products and changing market demands, including
demands for differing technologies or product and services
offerings; our ability to successfully implement process
improvements and cost containment initiatives; changes to our
strategic areas of focus and investment; our ability to
successfully integrate our acquisitions into our business; possible
delays in the development, availability and shipment of new
products due to engineering, manufacturing or other delays;
increasing costs and the availability of capital; changes in key
sales and other personnel that may cause disruption to the
business; the impact of restructuring actions; and the impact of
global conflicts that may adversely impact our business. Many of
these risks and uncertainties are discussed in the Company’s
Quarterly Report on Form 10-Q for the quarter ended June 30, 2015,
and in other reports filed by Polycom with the SEC. Polycom
disclaims any intent or obligations to update these forward-looking
statements.
About Polycom
Polycom helps organizations unleash the power of human
collaboration. More than 415,000 companies and institutions
worldwide defy distance with secure video, voice and content
solutions from Polycom to increase productivity, speed time to
market, provide better customer service, expand education and save
lives. Polycom and its global partner ecosystem provide flexible
collaboration solutions for any environment that deliver the best
user experience, the broadest multi-vendor interoperability and
unmatched investment protection. Visit www.polycom.com or connect
with us on Twitter, Facebook and LinkedIn to learn more.
© 2015 Polycom, Inc. All rights reserved. POLYCOM®, the Polycom
logo, and the names and marks associated with Polycom’s products
are trademarks and/or service marks of Polycom, Inc. and are
registered and/or common law marks in the United States and various
other countries. All other trademarks are property of their
respective owners.
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version on businesswire.com: http://www.businesswire.com/news/home/20151008006275/en/
Polycom, Inc.Investor Contact:Ben Jones,
+1-408-586-4370ben.jones@polycom.comPress Contact:Michael Rose,
+1-408-586-3839michael.rose@polycom.com
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