29989--2/27/2007--OMNICOM_GROUP

related topics

{regulation, government, change}

{operation, international, foreign}

{debt, indebtedness, cash}

{personnel, key, retain}

{capital, credit, financial}

{acquisition, growth, future}

{customer, product, revenue}

Companies periodically review and change their advertising, marketing and corporate communications services business models and relationships. If we are unable to remain competitive or retain key clients, our business and financial results may be materially adversely affected. Government regulations and consumer advocates may limit the scope of the content of our services, which could affect our ability to meet our clients needs, which could have a material adverse effect on our business. The success of our acquiring and retaining clients depends on our ability to avoid and manage conflicts of interest arising out of other client relationships and retention of key personnel. We receive approximately 46% of our revenue from our 100 largest clients, and the loss of several of these clients could adversely impact our prospects, our business and our results of operations and financial condition. We are a global service business and face certain risks of doing business abroad, including political instability and exchange controls, which could have a material adverse effect on our results of operations. We are exposed to risks from operating in developing countries. Downgrades of our debt credit ratings could adversely affect us. Holders of our convertible notes have the right to cause us to repurchase up to $2.0 billion, in whole or in part, at specified dates in the future. We may be unsuccessful in evaluating material risks involved in completed and future acquisitions.

Full 10-K form ▸

29989--2/27/2007--OMNICOM_GROUP_INC