708821--3/16/2006--PAR_TECHNOLOGY_CORP

related topics
{product, market, service}
{condition, economic, financial}
{regulation, government, change}
{operation, international, foreign}
{tax, income, asset}
{personnel, key, retain}
{customer, product, revenue}
A DECLINE IN THE VOLUME OF PURCHASES MADE BY ANY ONE OF THE COMPANY'S MAJOR CUSTOMERS WOULD MATERIALLY ADVERSELY AFFECT OUR BUSINESS. AN INABILITY TO PRODUCE NEW PRODUCTS THAT KEEP PACE WITH TECHNOLOGICAL DEVELOPMENTS AND CHANGING MARKET CONDITIONS COULD RESULT IN A LOSS OF MARKET SHARE. WE GENERATE MUCH OF OUR REVENUE FROM THE HOSPITALITY INDUSTRY AND THEREFORE ARE SUBJECT TO DECREASED REVENUES IN THE EVENT OF A DOWNTURN EITHER IN THAT INDUSTRY OR IN THE ECONOMY AS A WHOLE. WE DERIVE A PORTION OF OUR REVENUE FROM GOVERNMENT CONTRACTS, WHICH CONTAIN PROVISIONS UNIQUE TO PUBLIC SECTOR CUSTOMERS, INCLUDING THE GOVERNMENT'S RIGHT TO MODIFY OR TERMINATE THESE CONTRACTS AT ANY TIME. WE FACE EXTENSIVE COMPETITION IN THE MARKETS IN WHICH WE OPERATE, AND OUR FAILURE TO COMPETE EFFECTIVELY COULD RESULT IN PRICE REDUCTIONS AND/OR DECREASED DEMAND FOR OUR PRODUCTS AND SERVICES. WE MAY NOT BE ABLE TO MEET THE UNIQUE OPERATIONAL, LEGAL AND FINANCIAL CHALLENGES THAT RELATE TO OUR INTERNATIONAL OPERATIONS, WHICH MAY LIMIT THE GROWTH OF OUR BUSINESS. OUR BUSINESS DEPENDS ON A LARGE NUMBER OF HIGHLY QUALIFIED PROFESSIONAL EMPLOYEES AND, IF WE ARE NOT ABLE TO RECRUIT AND RETAIN A SUFFICIENT NUMBER OF THESE EMPLOYEES, WE WOULD NOT BE ABLE TO PROVIDE HIGH QUALITY SERVICES TO OUR CURRENT AND FUTURE CUSTOMERS, WHICH WOULD HAVE AN ADVERSE EFFECT ON OUR REVENUES AND OPERATING RESULTS. A SIGNIFICANT PORTION OF OUR TOTAL ASSETS CONSISTS OF GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS, WHICH ARE SUBJECT TO A PERIODIC IMPAIRMENT ANALYSIS AND A SIGNIFICANT IMPAIRMENT DETERMINATION IN ANY FUTURE PERIOD COULD HAVE AN ADVERSE EFFECT ON OUR RESULTS OF OPERATIONS EVEN WITHOUT A SIGNIFICANT LOSS OF REVENUE OR INCREASE IN CASH EXPENSES ATTRIBUTABLE TO SUCH PERIOD.

Full 10-K form ▸

related documents
708821--3/16/2009--PAR_TECHNOLOGY_CORP
1054579--4/20/2006--HASTINGS_ENTERTAINMENT_INC
832101--3/1/2010--IDEX_CORP_/DE/
85961--2/17/2006--RYDER_SYSTEM_INC
932064--3/16/2006--RSA_SECURITY_INC/DE/
55529--7/16/2010--KEWAUNEE_SCIENTIFIC_CORP_/DE/
1054579--4/20/2007--HASTINGS_ENTERTAINMENT_INC
1059763--3/22/2006--ADAMS_GOLF_INC
752294--3/26/2010--ELECTRONIC_SYSTEMS_TECHNOLOGY_INC
732712--3/1/2007--VERIZON_COMMUNICATIONS_INC
876167--2/10/2006--PROGRESS_SOFTWARE_CORP_/MA
59527--2/25/2008--LINCOLN_ELECTRIC_HOLDINGS_INC
1054579--4/21/2008--HASTINGS_ENTERTAINMENT_INC
1129096--10/29/2008--INFITECH_VENTURES_INC
55529--7/13/2006--KEWAUNEE_SCIENTIFIC_CORP_/DE/
18568--2/27/2007--COMPASS_BANCSHARES_INC
853547--3/31/2006--AMTROL_INC_/RI/
80035--3/15/2007--PREFORMED_LINE_PRODUCTS_CO
946991--4/2/2007--DAY_INTERNATIONAL_GROUP_INC
932112--3/31/2006--APPLIX_INC_/MA/
799426--4/15/2009--NEW_WORLD_BRANDS_INC
772263--12/14/2006--NITCHES_INC
277509--2/22/2007--FEDERAL_SIGNAL_CORP_/DE/
728249--3/19/2010--INTERPHASE_CORP
65759--2/17/2010--MICROPAC_INDUSTRIES_INC
1066104--3/10/2006--CORPORATE_EXECUTIVE_BOARD_CO
906193--12/13/2006--KEY_TECHNOLOGY_INC
54441--3/17/2008--FURMANITE_CORP
899045--3/1/2007--LAMAR_ADVERTISING_CO/NEW
1059763--3/14/2007--ADAMS_GOLF_INC