835729--5/7/2010--BMC_SOFTWARE_INC

related topics
{system, service, information}
{product, market, service}
{cost, operation, labor}
{condition, economic, financial}
{property, intellectual, protect}
{operation, international, foreign}
{product, candidate, development}
{debt, indebtedness, cash}
{personnel, key, retain}
{tax, income, asset}
{interest, director, officer}
Weakened economic conditions and uncertainty could adversely affect our operating results. We may announce lower than expected revenue, bookings, earnings or operating cash flows. We may have difficulty achieving our cash flow from operations goals. Competition from large, powerful multi-line and small, agile single-line competitors could have a negative impact on our business and financial results. Industry consolidation could affect prices or demand for our products. Our products must remain compatible with ever-changing operating and database environments. Future product development is dependent upon access to and reliability of third party software products. Future product development is dependent on adequate research and development resources. Growing market acceptance of open source software could cause a decline in our revenue and operating margins. Discovery of errors in our software could adversely affect our earnings. We are subject to risks associated with our third-party distribution channels. Changes to our sales organization can be disruptive and may negatively impact our results of operations. Risks related to business combinations. Changes in tax law, changes in our effective tax rates or unanticipated exposure to additional income tax liabilities could affect our profitability and financial condition. Enforcement of our intellectual property rights. Third parties may claim that our software products or services infringe on their intellectual property rights, exposing us to litigation that, regardless of merit, may be costly to defend. Risks related to global operations. We face exposure to foreign currency exchange rates. We may lose key personnel, may not be able to hire enough qualified personnel or may fail to integrate replacement personnel. There are risks associated with our outstanding indebtedness. Our business and products are dependent on the use of IT systems. Our offerings of software-as-a-service (SaaS) bring new business and operational risks.

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