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Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain forward-looking statements about Oracle and Pillar Data Systems, including statements about: Oracle's proposed acquisition of Pillar Data Systems; the acquisition helping Oracle deliver a complete line of storage products that runs Oracle software faster and more efficiently; the expected closing date; the expectation that the amount of the earn-out or its potential impact will not be material to our results of operations or financial position; anticipated customer advantages and benefits and general business outlook. When used in this press release, the words "anticipates," “plans,” “estimates,” "may," "can," “will,” "believes," "expects" or “expected,” "projects," "intends," "likely," similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements.
Any such statement may be influenced by a variety of factors, many of which are beyond the control of Oracle or Pillar Data Systems, that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this press release due to a number of risks and uncertainties. Potential risks and uncertainties include, among others: the possibility that the transaction will not close or that the closing may be delayed; the anticipated synergies of the combined companies may not be achieved after closing; the amount of the earn-out if and when paid could be higher than expected; the combined operations may not be successfully integrated in a timely manner, if at all; general economic conditions in regions in which either company does business; the possibility of litigation related to the acquisition; and the possibility that Oracle or Pillar Data Systems may be adversely affected by other economic, business, and/or competitive factors. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of Oracle or Pillar Data Systems.
In addition, please refer to the documents that Oracle files with the U.S. Securities and Exchange Commission on Forms 10-K, 10-Q and 8-K. These filings identify and address other important factors that could cause Oracle's operational and other expectations, plans and results to differ materially from those contained in the forward-looking statements set forth in this document. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Neither Oracle nor Pillar Data Systems is under any duty to update any of the information in this press release.