13610--3/14/2007--BOWNE_&_CO

related topics

{system, service, information}

{product, market, service}

{acquisition, growth, future}

{personnel, key, retain}

{control, financial, internal}

{competitive, industry, competition}

{operation, international, foreign}

The environment in which we compete is highly competitive, which creates adverse pricing pressures and may harm our business and operating results if we cannot compete effectively. The market for our marketing and business communications services is relatively new and we may not realize the anticipated benefits of our investment. Our business could be harmed if we do not successfully manage the integration of businesses that we acquire. We are exposed to risks associated with operations outside of the United States. We do not have long-term service agreements in the transactional financial print business, which may make it difficult for us to achieve steady earnings growth on a quarterly basis and lead to adverse movements in the price of our common stock. If we are unable to retain our key employees and attract and retain other qualified personnel, our business could suffer. If we fail to keep our clients information confidential or if we handle their information improperly, our business and reputation could be significantly and adversely affected. Our services depend on the reliability of our computer systems and our ability to implement and maintain information technology and security measures. Our services depend on third-parties to provide or support some of our services and our business and reputation could suffer if these third-parties fail to perform satisfactorily. We must adapt to rapid changes in technology and client requirements to remain competitive.

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13610--3/14/2007--BOWNE_&_CO_INC