766561--3/7/2006--HICKORY_TECH_CORP

related topics
{product, market, service}
{personnel, key, retain}
{cost, operation, labor}
{acquisition, growth, future}
{cost, contract, operation}
{condition, economic, financial}
{financial, litigation, operation}
{competitive, industry, competition}
{system, service, information}
{control, financial, internal}
{provision, law, control}
{stock, price, operating}
{operation, international, foreign}
{regulation, government, change}
{loss, insurance, financial}
We may not be able to successfully introduce new products and services. Shifts in our product mix may result in declines in gross margins. Some sectors of our business have experienced lower customer demand in recent years. We may experience difficulty integrating Enventis into our existing business. Technological advances in the telecommunications industry create increased operating costs. The telecommunications industry is highly competitive. Future regulation may result in lower revenues. We may not be able to manage our growth effectively. A failure in our operational systems or infrastructure could impair our liquidity, disrupt our business, damage our reputation and cause loss. Our businesses may be adversely affected if we are unable to hire and retain qualified employees. Unanticipated increases in capital spending, operating or administrative costs, or the impact of new business opportunities requiring significant up-front investments. Customer payment defaults could have an adverse effect on our financial condition and results of operations. We may encounter litigation that has a material impact on our business. A failure to maintain effective internal controls could adversely affect our business. Anti-takeover provisions in our charter documents, our shareholder rights plan and Minnesota law could prevent or delay a change in control of our company. Our stock price is volatile. We are subject to risks associated with changes in interest rates. Consolidation among our customers could result in our losing a customer or experiencing a slowdown as integration takes place. If we seek to secure additional financing, we may not be able to obtain it. Also, if we are able to secure additional financing, our shareholders may experience dilution of their ownership interest or we may be subject to limitations on our operations. Employee misconduct is difficult to detect and prevent and may have an adverse effect on the Company s business.

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