714603--2/25/2009--DST_SYSTEMS

related topics

{loan, real, estate}

{investment, property, distribution}

{stock, price, share}

{system, service, information}

{regulation, government, change}

{condition, economic, financial}

{provision, law, control}

{product, market, service}

{financial, litigation, operation}

{property, intellectual, protect}

{operation, international, foreign}

{operation, natural, condition}

{personnel, key, retain}

{loss, insurance, financial}

{regulation, change, law}

{competitive, industry, competition}

Trends or events affecting our clients or their industries could decrease the demand for our products and services. The demand for our products and services could decrease if we do not continually address our and our clients' technology and capacity requirements. Damage to our facilities or declining real estate values could impact our operations or financial condition. We may be unable to attract and retain capable technical personnel for our processing businesses or quality executives to manage the complex structure of our business. Our businesses are subject to substantial competition. An increase in subaccounting services performed by brokerage firms could adversely impact our revenues. We and companies in which we own a significant interest are subject to government regulation. Any regulatory violations could adversely affect our business. Our clients are subject to government regulation that could affect our business. We operate internationally and are thus exposed to foreign political, economic and other conditions that could adversely affect our revenues from or support by foreign operations. Various events may cause our financial results to fluctuate from quarter to quarter or year to year. The nature of these events might inhibit our ability to anticipate and act in advance to counter them. Our revenues and profit margins could decrease if clients cancel contracts, fail to renew contracts, renegotiate contracts or use our services at less than anticipated rates. Claims against us, including claims for the lost market value of securities and class action claims, could cause significant liability and damage our reputation and business prospects. We are substantially dependent on our intellectual property rights, and a claim for infringement or a requirement to indemnify a client for infringement could adversely affect us. Failure to protect the confidential information of our clients could hurt our business. We do not control certain businesses in which we have significant ownership. We own interests in companies under agreements that may inhibit our ability to sell our interests and the other owners may ask us to increase our investment. The financial results of our reinsurance subsidiary could be adversely affected if actual loss experience exceeds estimated loss experience. We hold equity investments in companies that operate in various industries, and the value of those investments could decrease. We hold significant investments in illiquid private equity funds. Various plans, agreements, laws and organizational documents may make more difficult or prevent a change in control. Because of contractual commitments, a change in control could affect our operating results and weaken our management retention and incentive tools. Our equity incentive and stockholders' rights plans could have a dilutive effect on our common stock. Conversion or settlement of our debentures could have a dilutive effect on our common stock or affect our liquidity. Adverse conditions in the credit and financial markets could adversely affect our business, financial condition and results of operations.

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714603--2/25/2009--DST_SYSTEMS_INC