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| VIGN > SEC Filings for VIGN > Form 8-K on 3-Feb-2009 | All Recent SEC Filings |
3-Feb-2009
Results of Operations and Financial Condition, Financial Statements and Exhibits
On February 3, 2009, Vignette Corporation (the "Company") issued a press release announcing its preliminary financial results for the three and twelve months ended December 31, 2008, and certain other information. A copy of the press release is attached as Exhibit 99.1 to this report. A copy of the prepared comments posted by Vignette Corporation to its website on February 3, 2009 is attached as Exhibit 99.2 to this report.
The information furnished pursuant to this Item 2.02 and the exhibit hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act except as shall be expressly set forth by specific reference in such filing.
In the press release furnished herewith in Exhibit 99.1 and in the prepared comments furnished herewith in Exhibit 99.2, the Company provides preliminary financial results for the fourth quarter that do not take into consideration certain non-operating or non-recurring charges. The Company believes that these non-GAAP financial measures are useful to investors because the Company's management excludes these non-operating or non-recurring charges when it internally evaluates the performance of the Company's business and makes operating decisions, including internal budgeting, performance measurement and the calculation of bonuses and discretionary compensation. In addition, these non-GAAP measures more closely reflect the essential revenue generation activities of the Company and the direct operating expenses (resulting in or from cash expenditures) needed to perform these revenue generating activities. Accordingly, management excludes amortization of acquired technology, stock-based compensation related to employee stock options, business restructuring charges (benefits), amortization expense for certain acquired intangible assets and one-time charges and gains. The Company believes that providing the non-GAAP measures that management uses is useful to investors for two primary reasons. First, it provides a consistent basis for investors to understand the Company's financial performance on a trended basis across many historical periods, particularly given the adoption of SFAS 123R at the beginning of fiscal year 2006 and the changes it has introduced for calculating stock-based compensation expenses relative to prior periods. Second, it allows investors to evaluate the Company's performance using the same methodology and information as that used by the Company's management.
This document contains forward-looking statements that involve risks and uncertainties concerning the Company, including the Company's expected performance for 2009. Actual events or results may differ materially from those described in this document due to a number of risks and uncertainties. These risks and uncertainties include, among others, the Company's ability to attract and retain new and/or existing customers; the Company's ability to issue new products or releases of solutions that meet customers' needs or achieve acceptance by the Company's customers; changes to current accounting policies which may have a significant, adverse impact upon the Company's financial results; the introduction of new products by competitors or the entry of new competitors; the Company's ability to preserve its key strategic relationships; the Company's ability to hire and retain key employees; and economic and political conditions in the US and abroad. All of these factors may result in significant fluctuations in the Company's quarterly operating results. In addition, unfavorable changes in economic conditions may affect the Company's current expectations. More about potential factors that could affect the Company's business and financial results is included in Vignette's Form 10-K for the year ended December 31, 2007, which is on file with the SEC and available at the SEC's website at www.sec.gov . Vignette is not obligated to update these forward-looking statements to reflect events or circumstances after the date of this document.
(d) Exhibits.
Number Description
99.1 Vignette Corporation Press Release issued on February 3, 2009
announcing the preliminary financial results for the three and twelve
months ended December 31, 2008.
99.2 Vignette Corporation Prepared Comments posted by the Company to its
website on February 3, 2009.
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