Additional Factors That May Affect Future Results
Each of **** are incorporated under the laws of and has its principal offices in the State of Israel. In addition **** maintain their research and development operations in Israel. Thus, **** are directly influenced by the political, economic and military conditions affecting Israel. Major hostilities involving or within Israel could disrupt ****'s operations. For example, continued hostilities between Israel and the Palestinian authority in recent months have caused substantial political unrest, which could lead to a potential economic downturn in Israel. Additionally, the ongoing situation in Iraq could lead to more economic instability and uncertainty in the State of Israel and the Middle East. Also, the interruption or curtailment of trade between Israel and its present trading partners or a significant downturn in the economic or financial condition of Israel could negatively impact the business operations and financial results of each of ****.
Each of **** are incorporated under the laws of and has its principal offices in the State of Israel. In addition **** maintain their research and development operations in Israel. Thus, **** are directly influenced by the political, economic and military conditions affecting Israel. Major hostilities involving or within Israel could disrupt ****'s operations. For example, continued hostilities between Israel and the Palestinian authority in recent months have caused substantial political unrest, which could lead to a potential economic downturn in Israel. Additionally, the ongoing situation in Iraq could lead to more economic instability and uncertainty in the State of Israel and the Middle East. Also, the interruption or curtailment of trade between Israel and its present trading partners or a significant downturn in the economic or financial condition of Israel could negatively impact the business operations and financial results of each of ****.