13610--3/2/2010--BOWNE_&_CO

related topics

{system, service, information}

{cost, contract, operation}

{condition, economic, financial}

{debt, indebtedness, cash}

{product, market, service}

{acquisition, growth, future}

{operation, natural, condition}

{personnel, key, retain}

{competitive, industry, competition}

{cost, regulation, environmental}

{operation, international, foreign}

{property, intellectual, protect}

{customer, product, revenue}

{gas, price, oil}

{control, financial, internal}

Revenue from printed shareholder documents is subject to regulatory changes and volatility in demand, which could adversely affect the Company s operating results. The environment in which Bowne competes is highly competitive, which creates adverse pricing pressures and may harm the Company s business and operating results if it cannot compete effectively. The market for marketing communications services is relatively new and the Company may not realize the anticipated benefits of its investment. Bowne s business could be harmed if it does not successfully manage the integration of businesses that are acquired. The Company is exposed to risks associated with operations outside of the United States. The Company does not have long-term service agreements in the capital markets services business, which may make it difficult to achieve steady earnings growth on a quarterly basis and lead to adverse movements in the price of its common stock. If the Company is unable to retain key employees and attract and retain other qualified personnel, its business could suffer. If the Company fails to keep clients information confidential or if it handles their information improperly, Bowne s business and reputation could be significantly and adversely affected. The Company has indebtedness and this indebtedness and its costs may increase. The failure to comply with the covenants in the Company s credit facility or declines in the borrowing base availability could adversely affect its financial condition. Seasonality and credit crises may decrease Bowne s available cash. Current market conditions could adversely affect the funded status of the Company s defined benefit pension plan. Costs to provide health care and other benefits to the Company s employees and retirees may increase. The Company s services depend on the reliability of computer systems maintained by the Company and its outsourcing vendors and the ability to implement and maintain information technology and security measures. Bowne s services depend on third-parties to provide or support some of its services and its business and reputation could suffer if these third-parties fail to perform satisfactorily. The Company must adapt to rapid changes in technology and client requirements to remain competitive. The inability to identify, obtain and retain important intellectual property rights to technology could harm the Company s business. Fluctuations in the costs of paper, ink, energy, and other raw materials may adversely impact the Company. The Company may fail to achieve its financial forecasts due to inaccurate sales forecasts or other factors. Our pending merger with R.R. Donnelley Sons Company may cause disruption in our business and, if the pending merger does not occur, we will have incurred significant expenses, may need to pay a termination fee under the merger agreement and our stock price may decline.

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13610--3/2/2010--BOWNE_&_CO_INC