1124887--3/31/2009--CERIDIAN_CORP_/DE/

related topics
{regulation, change, law}
{product, market, service}
{cost, operation, labor}
{regulation, government, change}
{customer, product, revenue}
{financial, litigation, operation}
{personnel, key, retain}
{system, service, information}
{property, intellectual, protect}
{stock, price, operating}
{operation, international, foreign}
{debt, indebtedness, cash}
{competitive, industry, competition}
{condition, economic, financial}
General economic factors could adversely affect our financial performance and other aspects of our business. Significant changes in, or noncompliance with, governmental regulations, procedures and requirements could have a material adverse effect on our business and financial performance. Our ability to implement and execute our strategic plans or realize the anticipated cost savings related to our operating improvement plan may not be successful and, accordingly, we may not be successful in achieving our strategic goals, which may adversely affect our business. Our indebtedness could adversely affect our operations and restrict our ability to pursue our business strategies. Our results of operations could be adversely affected if we fail to retain our existing customers, sell additional products and services to our existing customers, introduce new or enhanced products and services and attract and retain new customers. A breach of our IT security, loss of customer data or system disruption could adversely affect our business and reputation. Our success will depend on our ability to protect our intellectual property rights. The failure of our HRS business to comply with applicable laws could result in substantial taxes, penalties and liabilities that could adversely affect our business. Litigation and governmental inquiries, investigations and proceedings may adversely affect our financial results. Our success is dependent on the retention and acquisition of talented people and the skills and abilities of our management team and key personnel. The markets we serve are highly competitive and may attract new competitors or cause current competitors to focus more on these markets, which could adversely affect our business. Our U.S. HRS business is subject to the risks associated with contracting with the government. We are subject to risks related to our international operations, which may adversely affect our operating results. Our business and results of operations are dependent on several vendors, suppliers and other third parties, the loss of any of whom could adversely affect our consolidated results of operations. We are controlled by the Sponsors, whose interests may not be aligned with our other constituents.

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