1157377--6/15/2009--ADVISORY_BOARD

related topics

{system, service, information}

{property, intellectual, protect}

{loss, insurance, financial}

{personnel, key, retain}

{acquisition, growth, future}

{loan, real, estate}

{tax, income, asset}

{cost, operation, labor}

{product, liability, claim}

{customer, product, revenue}

{product, market, service}

{competitive, industry, competition}

If we are unable to sustain high renewal rates on our memberships, our revenue and results of operations may suffer. If we are unable to maintain our reputation and expand our name recognition, we may have difficulty attracting new business and retaining current members and employees. If we are not able to offer new and valuable products and services, our revenue and results of operations may suffer. Future competition may adversely affect our business. We may not be able to hire, train, motivate, manage, and retain a significant number of highly skilled employees. We may experience significant delays in generating, or an inability to generate, revenue if potential members take a long time to evaluate our products and services. Unsuccessful design or implementation of our business intelligence tools may harm our future financial success. Unsuccessful implementation of our installation support programs may harm our future financial success. We may be liable to our members and may lose members if we are unable to collect and maintain member data or lose member data. Factors, including those beyond our control, could cause interruptions in our operations and may adversely affect our reputation in the marketplace and our financial condition and results of operations. Our business could be harmed if we are no longer able to license and integrate third party technologies. Potential liability claims may adversely affect our business. If the protection of our intellectual property is inadequate, our competitors may gain access to our intellectual property and we may lose our competitive advantage. If we are alleged to have infringed on the proprietary rights of third parties, we could incur unanticipated costs and be prevented from providing our products and services. Unauthorized disclosure or a breach of our security could subject us to liability, and members could be deterred from using our services. Our information services and data suppliers might restrict our use of or refuse to license content and data, which could lead to our inability to provide certain products or services. Lack of detailed written contracts could impair our ability to recognize revenue for services performed, collect fees, protect our intellectual property, and protect ourselves from liability to others. We may be exposed to loss of revenue resulting from our unconditional service guarantee. Any significant increase in bad debt in excess of recorded estimates would have a negative impact on our business, financial condition, and results of operations. We may pursue acquisition opportunities, which could subject us to considerable business and financial risk. We may not be able to fully realize our deferred tax asset.

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1157377--6/15/2009--ADVISORY_BOARD_CO