1045150--12/14/2007--TIER_TECHNOLOGIES

related topics

{cost, contract, operation}

{system, service, information}

{regulation, change, law}

{acquisition, growth, future}

{customer, product, revenue}

{property, intellectual, protect}

{competitive, industry, competition}

{loss, insurance, financial}

{regulation, government, change}

{control, financial, internal}

{personnel, key, retain}

{stock, price, operating}

{financial, litigation, operation}

{product, market, service}

We have incurred losses in the past and may not be profitable in the future. Our revenues and operating margins may decline and may be difficult to forecast, which could result in a decline in our stock price. We may not be successful in divesting certain assets and liabilities and our anticipated divestiture could disrupt our operations. While our continuing operations provide services to over 3,000 clients, our revenues and cash flows could decline significantly if we were unable to retain our largest clients. We operate in highly competitive markets. If we do not compete effectively, we could face price reductions, reduced profitability and loss of market share. Changes in accounting standards could significantly change our reported results. Our accounting policies and methods are fundamental to how we record and report our financial condition and results of operations. Changes in laws and government and regulatory compliance requirements may result in additional compliance costs and may adversely impact our reported earnings. The revenues generated by our electronic payment processing operations may fluctuate and the ability to maintain profitability is uncertain. Our ability to grow depends largely on our ability to attract, integrate and retain qualified personnel. The success of our business is based largely on our ability to attract and retain talented and qualified employees and contractors. We depend on third parties for our products and services. Failure by these third parties to perform their obligations satisfactorily could hurt our reputation, operating results and competitiveness. Our fixed-price and transaction-based contracts require accurate estimates of resources and transaction volumes. Failure to estimate these factors accurately could cause us to lose money on these contracts. Our revenue is highly dependent on government funding. The loss or decline of existing or future government funding could cause our revenue and cash flows to decline Unauthorized data access and other security breaches could have an adverse impact on our business and our reputation. Security breaches or improper access to data in our facilities, computer networks, or databases, or those of our suppliers, may cause harm to our business and result in liability and systems interruptions. We could suffer material losses if our operations fail to perform effectively. The potential for operational risk exposure exists throughout our organization. At any given time, we are subject to a variety of claims and lawsuits. An adverse decision in any of these claims could have an adverse impact on our reputation and financial results. If we are not able to protect our intellectual property, our business could suffer serious harm. We may be subject to infringement claims by third parties, resulting in increased costs and loss of business. If we are not able to obtain adequate or affordable insurance coverage or bonds, we could face significant liability claims and increased premium costs and our ability to compete for business could be compromised. Our markets are changing rapidly. If we are not able to adapt to changing conditions, we may lose market share and may not be able to compete effectively. We may not be successful in identifying acquisition candidates and, if we undertake acquisitions, they could be expensive, increase our costs or liabilities or disrupt our business. Our business is subject to increasing performance requirements, which could result in reduced revenues and increased liability. Our business is subject to increasing performance requirements, which could result in reduced revenues and increased liability. Our business is subject to increasing performance requirements, which could result in reduced revenues and increased liability.

Full 10-K form ▸

1045150--12/14/2007--TIER_TECHNOLOGIES_INC