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Nice Ltd. — Regulatory Filings 2005
Jun 15, 2005
6950_ffr_2005-06-15_5ebeb097-37d8-4314-a0cc-386db7324c1b.zip
Regulatory Filings
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON , D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUA NT TO RULE 13A-16 OR 15D-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For May 1, 2005 to May 31 30, 2005
NICE-SYSTEMS LTD .
(Translation of Registrant's Name into English)
8 Hapnina Street, P.O. Box 690 , Ra'anana, Israel
(Address of Principal Executive Offices)
Indicate by check mark whether the Registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F ___
Indicate by check mark if the Registrant is submitting this Form 6-K in paper as
permitted by Regulations S-T Rule 101(b)(1):
Yes ____ No X
Indicate by check mark if the Registrant is submitting this Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):
Yes ____ No X
Indicate by check mark whether by fur-nishing the information contained in this Form 6-K, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ____ No X
If "Yes" is marked, indicate below the file number as-signed to the Registrant in connection with Rule 12g3-2(b): 82- _ N/A __
Page 1 of 12 Pages
_ 1 _
THIS REPORT ON FORM 6-K IS HEREBY INCORPORATED BY REFERENCE INTO NICE-SYSTEMS LTD.S ("NICE") REGISTRATION STATEMENTS ON FORM F-3 (REGISTRATION STATEMENT NOS. 333-12350 AND 333-12996) AND NICES REGISTRATION STATEMENTS ON FORM S-8 (REGISTRATION STATEMENT NOS. 333-6784, 333-8146, 333-9350, 333-11842, 333-7414, 333-9352, 333-11154 , 333-13686, 333-111112 ,333-111113 AND 333-109766), AND TO BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS SUBMITTED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.
CO NT E NT S
This Report on Form 6-K of NICE consists of the following documents, which are attached hereto and incorporated by reference herein:
Press Release: NICE Reports 2005 First Quarter Results Dated May 4, 2005
Press Release: NICE and Avaya Selected by Leading Indian Outsourcer Allsec to Improve Outbound Services` Collections and Closing Rates. . Dated May 16, 2005
Press Release: NICE Selected for City of Baltimore Anti-Terrorism Project by Leading Homeland Security System Integrator, M.C. Dean Inc. . Dated May 17, 2005
_ 2 _
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
NICE-SYSTEMS LTD.
By: /s/ Ran Oz
Name: Ran Oz
Title: Corporate Vice President Created Using Viltech Software
And Chief Financial Officer
Dated: June 15, 2005
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NICE Reports 2005 First Quarter Results
Highlights:
Q1 revenue at $66.1 million, up 13.3% from Q1 2004
Q1 gross margin improved to 55.3%
EPS was $0.29, up 107% from Q1 2004
Acquisition of Dictaphones CRS business on track
Ra'anana, Israel, May 4, 2005 - NICE Systems (NASDAQ: NICE) , the global provider of advanced solutions that enable organizations to extract insight from interactions to drive performance, today announced results for the first quarter ending March 31, 2005.
First quarter 2005 revenue was $66.1 million, at the upper end of the Company's guidance range. First quarter revenue represents a 13.3% increase over $58.3 million in the same quarter of 2004.
First quarter gross margin was 55.3%, an improvement from the 53.8% reported in the first quarter of 2004.
The company reported a first quarter operating profit of $5.4 million and operating margins of 8.2%, compared with $2.0 million and 3.5% in the first quarter of 2004.
Net income from continuing operations, which excludes income from discontinued operations, was $5.8 million or $0.29 per fully diluted share in the first quarter of 2005, up from $2.6 million or $0.14 per fully diluted share in the same quarter of 2004. First quarter net income was $5.8 million, or $0.29 per fully diluted share, compared with net income of $5.9 million, or $0.32 per share, on a fully diluted basis, in the first quarter of 2004.
Total cash and equivalents at March 31, 2005 rose to $185.1 million, up from $165.9 million at December 31, 2004. DSO`s for the first quarter stood at 69 days.
Commenting on the quarter, Haim Shani, Chief Executive Officer of NICE, said, "After a great year in fiscal 2004, we got off to an outstanding start in fiscal 2005. We are seeing a general growth in demand for our Insight from Interactions solutions, both in the enterprise and security sector. And as a result of the increase in demand and further to the Company`s strong operating platform and business model we have achieved significant earnings growth rate and bottom line leverage."
"Last month we announced our acquisition of Dictaphone`s Communications Recording Systems business, which strengthens our leadership positions in each of our key sectors, and the transaction is progressing according to plan."
"We reiterate our annual guidance, with revenues at $295 - $300 million and pro-forma EPS at $1.50 - 1.60. For the second quarter of 2005, we expect to see 9%-14% growth in revenues to $67-$70 million from the $61.3 million reported in the second quarter of last year. In terms of earnings, we expect a 33%-50% increase over second quarter 2004 EPS of $0.24, to between $0.32 and $0.36 per share."
Conference Call
NICE will host a conference call to discuss the results and its business outlook today at 8:30 a.m. EST (15:30 Israel). The call will be broadcast live on the internet via NICE's website at www.nice.com. A telephone replay will be available for up to 72 hours after the call. The replay information: US Toll-free: 1-866-276-1485; International: +972-3-925-5930; Israel: 03-925-5930.
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About NICE
NICE Systems (NASDAQ: NICE) is the leading provider of Insight from Interactions, based on advanced content analytics of telephony, web, radio and video communications. NICE's solutions improve business and operational performance, as well as security. NICE has over 15,000 customers in 100 countries, including the world's top 10 banks and 65% of the Fortune 100. More information is available at www.nice.com.
Created Using Viltech Software
Created Using Viltech Software Created Using Viltech Software Trademark Note: 360 0 View, Agent@home, Big Picture Technology, Executive Connect, Executive Insight, Experience Your Customer, Investigator, Lasting Loyalty, Listen Learn Lead, MEGACORDER, Mirra, My Universe, NICE, NiceAdvantage, NICE Analyzer, NiceCall, NiceCLS, NiceCMS, NICE Feedback, NiceFix, Nice Guard , NICE Learning, NICE Link, NiceLog, NICE Perform, ScreenSense, NiceScreen, NiceSoft, NICE Storage Center, NiceTrack, NiceUniverse, NiceUniverse LIVE, NiceVision, NiceVision Harmony, NiceVision Mobile, NiceVision Pro, NiceVision Virtual, NiceWatch, Renaissance, Secure Your Vision, Tienna, Wordnet and other product names and services mentioned herein are trademarks and registered trademarks of NICE Systems Ltd. All other registered and unregistered trademarks are the property of their respective owners. Only in Australia
| Media — Galit Sadan | NICE Systems [email protected] | 972-9-775-3745 |
|---|---|---|
| Investors | ||
| Amit Scheinmann | NICE Systems [email protected] | 972-9-775-3026 |
Created Using Viltech Software
Created Using Viltech Software
This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on the current expectations of the management of NICE Systems Ltd. (the Company) only, and are subject to a number of risk factors and uncertainties, including but not limited to changes in technology and market requirements, decline in demand for the Company's products, inability to timely develop and introduce new technologies, products and applications, difficulties or delays in absorbing and integrating acquired operations, products, technologies and personnel, loss of market share, pressure on pricing resulting from competition, and inability to maintain certain marketing and distribution arrangements, which could cause the actual results or performance of the Company to differ materially from those described therein. We undertake no obligation to update these forward-looking statements. For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company's reports filed from time to time with the Securities and Exchange Commission.
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| NICE SYSTEMS LTD. AND
SUBSIDIARIES | | |
| --- | --- | --- |
| CONSOLIDATED STATEMENTS
OF OPERATIONS | | |
| U.S. dollars in thousands
(except per share amounts) | | |
| | Three months ended | |
| | March 31, | |
| | 2004 | 2005 |
| | Unaudited | Unaudited |
| Revenue | | |
| Product | $ 41,397 | $ 47,277 |
| Services | 16,946 | 18,845 |
| Total revenue | 58,343 | 66,122 |
| Cost of revenue | | |
| Product | 14,855 | 15,557 |
| Services | 12,123 | 13,991 |
| Total cost of revenue | 26,978 | 29,548 |
| Gross Profit | 31,365 | 36,574 |
| Operating Expenses: | | |
| Research and development,
net | 6,215 | 6,756 |
| Selling and marketing | 15,261 | 16,069 |
| General and administrative | 7,865 | 8,340 |
| Total operating expenses | 29,341 | 31,165 |
| Operating income | 2,024 | 5,409 |
| Financial income, net | 901 | 1,052 |
| Income before taxes on
income | 2,925 | 6,461 |
| Taxes on income | 310 | 685 |
| Net income from continuing
operations | 2,615 | 5,776 |
| Net income from
discontinued operation | 3,236 | - |
| Net income | $ 5,851 | $ 5,776 |
| Basic income per share
from continuing operations | $ 0.15 | $ 0.31 |
| Basic income per share
from discontinued operation | $ 0.19 | - |
| Basic income per share | $ 0.34 | $ 0.31 |
| Diluted income per share
from continuing operations | $ 0.14 | $ 0.29 |
| Diluted income per share
from discontinued operation | $ 0.17 | - |
| Diluted income per share | $ 0.32 | $ 0.29 |
| Weighted average number of
shares | | |
| outstanding used to
compute: | | |
| Basic income per share | 17,107 | 18,411 |
| Diluted income per share | 18,568 | 19,861 |
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| NICE SYSTEMS LTD. AND
SUBSIDIARIES | | |
| --- | --- | --- |
| CONDENSED CONSOLIDATED
BALANCE SHEETS | | |
| U.S. dollars in thousands | | |
| | December 31 , | March 31 , |
| | 2004 | 2005 |
| | Audited | Unaudited |
| ASSETS | | |
| CURRENT ASSETS : | | |
| Cash and cash equivalents | $ 26,579 | $ 25,420 |
| Short-term bank deposits | 175 | 161 |
| Marketable securities | 24,348 | 41,486 |
| Trade receivables | 46,407 | 49,365 |
| Other receivables and
prepaid expenses | 7,937 | 8,617 |
| Inventories | 12,615 | 11,306 |
| Assets of discontinued
operation | 652 | 652 |
| Total current assets | 118,713 | 137,007 |
| LONG-TERM INVESTMENTS : | | |
| Long-term marketable
securities | 114,805 | 118,024 |
| Other long-term
investments | 9,410 | 9,324 |
| Total long-term
investments | 124,215 | 127,348 |
| PROPERTY AND EQUIPMENT,
NET | 16,981 | 16,247 |
| OTHER ASSETS, NET | 38,410 | 36,064 |
| TOTAL ASSETS | $ 298,319 | $ 316,666 |
| LIABILITIES AND
SHAREHOLDERS' EQUITY | | |
| CURRENT LIABILITIES : | | |
| Trade payables | $ 11,975 | $ 15,037 |
| Accrued expenses and other
liabilities | 55,302 | 59,860 |
| Liabilities of
discontinued operation | 8 | 8 |
| Total current liabilities | 67,285 | 74,905 |
| LONG-TERM LIABILITIES | 8,163 | 8,068 |
| SHAREHOLDERS' EQUITY | 222,871 | 233,693 |
| TOTAL LIABILITIES AND
SHAREHOLDERS' EQUITY | $ 298,319 | $ 316,666 |
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| NICE
SYSTEMS LTD. AND SUBSIDIARIES | | |
| --- | --- | --- |
| CONSOLIDATED
CASH FLOW STATEMENTS | | |
| U.S.
dollars in thousands | | |
| | Three
months ended | |
| | March 31, | |
| | 2004 | 2005 |
| | Unaudited | Unaudited |
| Cash
flows from operating activities: | | |
| Net income | $ 5,851 | $ 5,776 |
| Less
income for the period from discontinued operation | (3,236) | - |
| Adjustments
required to reconcile net income to net cash | | |
| provided
by operating activities: | | |
| Depreciation
and amortization | 3,510 | 3,009 |
| Accrued
severance pay, net | (9) | (49) |
| Amortization
of discount (premium) and accrued interest | | |
| on
marketable securities | 303 | 280 |
| Decrease
(increase) in trade receivables | 1,541 | (3,477) |
| Decrease
(increase) in other receivables and prepaid expenses | 1,145 | (759) |
| Decrease
in inventories | 285 | 229 |
| Increase
(decrease) in trade payables | (1,598) | 3,097 |
| Increase
(decrease) in accrued expenses and other liabilities | (99) | 4,700 |
| Other | 11 | 37 |
| Net cash
provided by operating activities from continuing operations | 7,704 | 12,843 |
| Net cash
provided by operating activities from discontinued operation | 204 | - |
| Net
cash provided by operating activities | 7,908 | 12,843 |
| Cash
flows from investing activities: | | |
| Purchase
of property and equipment | (1,838) | (1,378) |
| Investment
in short-term bank deposits | (7) | (21) |
| Proceeds
from short-term bank deposits | 47 | 33 |
| Proceeds
from maturity of short-term marketable securities | 7,300 | 83,485 |
| Investment
in short-term marketable securities | - | (95,050) |
| Proceeds
of call of long-term held-to-maturity marketable securities | 15,800 | - |
| Investment
in long-term held-to-maturity marketable securities | (35,355) | (9,072) |
| Capitalization
of software development costs | (443) | (217) |
| Decrease
in accrued acquisition costs | (75) | - |
| Payment in
respect of terminated contract from TCS acquisition | (1,483) | - |
| Proceeds
from related party in respect of TCS acquisition | 4,013 | 2,531 |
| Net cash
used by investing activities from continuing operations | (12,041) | (19,689) |
| Net cash
provided by investing activities from discontinued operation | 4,136 | - |
| Net
cash used by investing activities | (7,905) | (19,689) |
| Cash flows
from financing activities: | | |
| Proceeds
from issuance of shares and exercise of share options, net | 8,022 | 5,703 |
| Net
cash provided by financing activities | 8,022 | 5,703 |
| Effect of
exchange rate changes on cash | (6) | (16) |
| Increase
(decrease) in cash and cash equivalents | 8,019 | (1,159) |
| Cash and
cash equivalents at beginning of period | 29,859 | 26,579 |
| Cash and cash
equivalents at end of period | $37,878 | $25,420 |
Created Using Viltech Software
NICE and Avaya Selected by Leading Indian Outsourcer Allsec to Improve Outbound Services` Collections and Closing Rates
The NICE solution suite was chosen to help the outsourcer better serve its clients and their customers
**Raanana, Israel, May 16, 2005** **- NICE Systems (NASDAQ: NICE)** , the global provider of advanced solutions that enable organizations to extract insight from interactions, today announced that it has received a significant order from Allsec, one of Indias largest business process outsourcers (BPO), to implement its industry leading solution for contact centers. Allsec will apply NICE`s contact center interactions solutions for improved analysis of customer interactions, agent quality monitoring and reporting. The project will be implemented in partnership with NICE partner Avaya GlobalConnect, India's leading enterprise communication solutions provider.
Allsec, one of the largest outsourcers in India, serves top US customers, including Ford Motor and CompuCredit. The Chennai, voice-based BPO firm is planning to list its shares through an initial public offering to fund its expansion program and proposed acquisitions. As part of the expansion program Allsec has chosen NICE in its effort to achieve the highest levels of customer service and retention.
The implementation will focus on Allsecs outbound services. By applying NICEs solution for analysis and quality monitoring of customer interactions, with a targeted program, Allsec will be able to have focused, as opposed to random, monitoring. These capabilities give contact center supervisors the power to proactively identify which agent behaviors, such as negotiation skills, lead to higher closing rates or higher sales-per-hour.
Additional benefits NICE offers Allsec include capabilities for managing customer interactions with many different clients, while maintaining strict adherence to confidentiality and protecting proprietary and competitive information. Moreover, the advanced capabilities of the NICE solution will enhance agent training programs by decreasing the time required to train employees. In this way the NICE solution will assist in improving internal processes and overall efficiency, as well as the caller experience by promoting premier customer service.
"We have been working with NICE for several years and since we began our relationship, we have been able to leverage NICE`s market-leading solutions for contact centers along with our leading communications networks and services to advance our leadership in the rapidly growing contact center outsourcing market in India," said Amit Mehta, National Marketing Manager-Call Center Solutions at Avaya Global Connect Ltd. "We are pleased by this latest win with Allsec, which is further validation that the Avaya-NICE partnership is a winning combination that successfully drives customer loyalty, revenues, and profitability for our mutual customers."
"We are extremely pleased that Allsec has chosen NICE along with Avaya to improve the performance of its contact center," said Doron Ben-Sira, President of NICE Asia Pacific. "This win clearly supports our leadership position with India`s contact center outsourcers. Together with Avaya we are enabling our joint customers to differentiate themselves with tools that provide exceptional customer service and added value to their customers."
About Allsec
Allsec Technologies Limited Chennai's first ever outsourced multimedia BPO center, is based in Southern India. The company was founded in 1999. Allsec is currently a 700 seat center functioning from 3 facilities located in Chennai, a metropolitan city connected well by Rail, Road and Air. Allsec is expanding by an additional 1000 seats adjoining its existing Velachery center taking its total capacity to 1700 seats. The facilities engage state-of-the-art infrastructure, contemporary work environs and features, best-of-breed-technology and a well trained, highly efficient workforce. Our business model revolves around three key drivers - our people, our processes and our best-of-breed technology. These have been instrumental in successfully delivering our BPO services to our clients.
About Avaya GlobalConnect
Avaya GlobalConnect, formerly known as Tata Telecom, is India's number one Enterprise Communication Solutions provider. Its offerings range from converged voice, data and video networks to contact center solutions to unified messaging solutions, and customer services. It is a dominant player in the contact center and IP telephony market. In order to provide best-in-class converged communications products and solutions, Avaya GlobalConnect has partnered global technology leaders---Polycom, the world's leading video-conferencing solutions provider; NICE Systems, the Israel-based customer experience management specialist; LG, a leading global player in EPABX and KTS products and IEX, a Tekelec company and the leading provider of contact center workforce management solutions. The company has strategic alliances with systems integrators such as IBM, HP, Servion, Cable & Wireless, CMC and Tata Infotech. For more information about Avaya GlobalConnect, visit its Web site at www.avayaglobalconnect.com.
About NICE
NICE Systems (NASDAQ: NICE) is the leading provider of "Insights from Interactions", based on advanced content analytics - of telephony, web, radio and video communications. NICE's solutions improve business and operational performance, as well as security. NICE has over 15,000 customers in 100 countries, including the world's top 10 banks and 65% of the Fortune 100. More information is available at www.nice.com. Created Using Viltech Software
Trademark Note: 360 0 View, Agent@home, Big Picture Technology, Executive Connect, Executive Insight, Experience Your Customer, Investigator, Lasting Loyalty, Listen Learn Lead, MEGACORDER, Mirra, My Universe, NICE, NiceAdvantage, NICE Analyzer, NiceCall, NiceCLS, NiceCMS, NICE Feedback, NiceFix, Nice Guard , NICE Learning, NICE Link, NiceLog, NICE Playback Organizer, ScreenSense, NiceScreen, NiceSoft, NICE Storage Center, NiceTrack, NiceUniverse, NiceUniverse LIVE, NiceVision, NiceVision Harmony, NiceVision Mobile, NiceVision Pro, NiceVision Virtual, NiceWatch, Renaissance, Secure Your Vision, Tienna, Wordnet and other product names and services mentioned herein are trademarks and registered trademarks of NICE Systems Ltd. All other registered and unregistered trademarks are the property of their respective owners.*
Created Using Viltech Software ** In Created Using Viltech Software Australia only*
| Media — Galit Sadan | NICE Systems [email protected] | ++972-9-775-3745 |
|---|---|---|
| Investors | ||
| Amit Scheinmann | NICE Systems [email protected] | ++972-9-775-3026 |
This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on the current expectations of the management of NICE Systems Ltd. (the Company) only, and are subject to a number of risk factors and uncertainties, including but not limited to changes in technology and market requirements, decline in demand for the Company's products, inability to timely develop and introduce new technologies, products and applications, difficulties or delays in absorbing and integrating acquired operations, products, technologies and personnel, loss of market share, pressure on pricing resulting from competition, and inability to maintain certain marketing and distribution arrangements, which could cause the actual results or performance of the Company to differ materially from those described therein. We undertake no obligation to update these forward-looking statements. For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company's reports filed from time to time with the Securities and Exchange Commission.
Created Using Viltech Software
NICE Selected for City of Baltimore Anti-Terrorism Project by Leading Homeland Security System Integrator, M.C. Dean Inc.
NICE`s advanced digital video and content analytics will support comprehensive anti-terrorism strateg y
**Raanana, Israel, May 17, 2005** **- NICE Systems (NASDAQ: NICE)** , the global provider of advanced solutions that enable organizations to extract insight from interactions today announced that it has been selected by M.C. Dean, Inc., one of the nations leading electronic systems integrators, to provide its digital video solutions for the Baltimore Region Anti-Terrorism CCTV Installation, Operation, and Service project. The network is part of a comprehensive strategy in the Baltimore area to improve regional cooperation on terrorism concerns.
The City of Baltimore will apply NICEs capabilities to enhance the CCTV security provision at public areas, including rail lines, government buildings and cultural institutions. The solution will allow Baltimores command and control centers to extract security insight from video interactions by simultaneously monitoring multiple sites, with smart monitoring capabilities and automatic alarm management.
NICEs solution, with advanced transmission, recording and content analysis capabilities will deliver real-time alerts on potential threats to security personnel. The moments leading up to an alert will be automatically replayed allowing staff to intuitively investigate an incident, understand its context and cause and, more importantly, decide what action to take. Such proactive management and assessment of alarms and the correlating potential risk will enable Baltimores security personnel to anticipate security breaches and improve response time. The result is enhanced safety and security for the region`s residents.
Created Using Viltech Software "NICE provided us with a total solution that incorporates not only the required camera controls and recording capabilities, but also a content analysis feature that allows us to monitor and manage multiple cameras more efficiently by distinguishing between activities of interest and normal events," said Rhett Wade, General Manager of M.C. Dean, Inc.`s Security and Electronics Division. Created Using Viltech Software
M.C. Dean, Inc. is currently integrating NICE systems into several other projects in the Washington, D.C. Metropolitan Area.
Created Using Viltech Software " Created Using Viltech Software Baltimores initiative powerfully demonstrates how advanced content analytics along superior digital video performance can significantly increase the speed of threat detection and efficiency of corrective action Created Using Viltech Software ," says Ian Ehrenberg, vice president and general manager of NICEs digital video security division, US. "NICE`s video solutions are the preferred choice of local, state and federal officials for video content analytics and they are turning to NICE to support their effort in enhancing security and protecting the public."
About M.C. Dean, Inc.
M.C. Dean, Inc., headquartered in Dulles, Va., is a leader in the design, installation, and integration of complex homeland security, electronics, power, and telecommunications systems. The firm has extensive experience in providing services to state and local governments, and uniformed and civilian Federal agencies, institutions, and large commercial customers. The firm has 1,600 employees and provides services from 11 offices throughout the MidAtlantic, Southeast, and Europe. More information is available at www.mcdean.com.
About NICE
NICE Systems (NASDAQ: NICE) is the leading provider of Insight from Interactions, based on advanced content analytics - of telephony, web, radio and video communications. NICE's solutions improve business and operational performance, as well as security. NICE has over 15,000 customers in 100 countries, including the world's top 10 banks and 65% of the Fortune 100. More information is available at www.nice.com. Created Using Viltech Software
Trademark Note: 360 0 View, Agent@home, Big Picture Technology, Executive Connect, Executive Insight, Experience Your Customer, Investigator, Lasting Loyalty, Listen Learn Lead, MEGACORDER, Mirra, My Universe, NICE, NiceAdvantage, NICE Analyzer, NiceCall, NiceCLS, NiceCMS, NICE Feedback, NiceFix, Nice Guard , NICE Learning, NICE Link, NiceLog, NICE Playback Organizer, ScreenSense, NiceScreen, NiceSoft, NICE Storage Center, NiceTrack, NiceUniverse, NiceUniverse LIVE, NiceVision, NiceVision Harmony, NiceVision Mobile, NiceVision Pro, NiceVision Virtual, NiceWatch, Renaissance, Secure Your Vision, Tienna, Wordnet and other product names and services mentioned herein are trademarks and registered trademarks of NICE Systems Ltd. All other registered and unregistered trademarks are the property of their respective owners.*
** In Australia only*
| Media — Galit Sadan | NICE Systems [email protected] | ++972-9-775-3745 |
|---|---|---|
| Sherry Satterwhite | NICE Systems, Inc. [email protected] | 1 (201) 914 9577 |
| Investors | ||
| Amit Scheinmann | NICE Systems [email protected] | ++972-9-775-3026 |
Trademark Note: 360 0 View, Agent@home, Big Picture Technology, Executive Connect, Executive Insight, Experience Your Customer, Investigator, Lasting Loyalty, Listen Learn Lead, MEGACORDER, Mirra, My Universe, NICE, NiceAdvantage, NICE Analyzer, NiceContact, NiceCLS, NiceCMS, NICE Feedback, NiceFix, Nice Guard , NICE Learning, NICE Link, NiceLog, NICE Perform, ScreenSense, NiceScreen, NiceSoft, NICE Storage Center, NiceTrack, NiceUniverse, NiceUniverse LIVE, NiceVision, NiceVision Harmony, NiceVision Mobile, NiceVision Pro, NiceVision Virtual, NiceWatch, Renaissance, Secure Your Vision, Tienna, Wordnet and other product names and services mentioned herein are trademarks and registered trademarks of NICE Systems Ltd. All other registered and unregistered trademarks are the property of their respective owners.*
In Australia only*
This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on the current expectations of the management of NICE Systems Ltd. (the Company) only, and are subject to a number of risk factors and uncertainties, including but not limited to changes in technology and market requirements, decline in demand for the Company's products, inability to timely develop and introduce new technologies, products and applications, difficulties or delays in absorbing and integrating acquired operations, products, technologies and personnel, loss of market share, pressure on pricing resulting from competition, and inability to maintain certain marketing and distribution arrangements, which could cause the actual results or performance of the Company to differ materially from those described therein. We undertake no obligation to update these forward-looking statements. For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company's reports filed from time to time with the Securities and Exchange Commission.
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