85608--3/30/2007--VALPEY_FISHER_CORP

related topics
{customer, product, revenue}
{condition, economic, financial}
{stock, price, operating}
{product, market, service}
{competitive, industry, competition}
{personnel, key, retain}
{stock, price, share}
{tax, income, asset}
{acquisition, growth, future}
While we reported an operating profit of $491,300 in 2006 and $350,500 in 2005, we had incurred operating losses in the four years preceding 2005 and our results are likely to fluctuate in the future. If we are unable to introduce new products, including more-value added products, our future operating results may decrease. The future demand for our products depends in a large part to growth of the markets that incorporate our frequency control products. These markets are cyclical and have experienced a decline in product demand in recent years. A significant portion of our revenues is derived from sales to a few customers. The loss of one or more of our significant customers could have an adverse impact on our operating results and financial condition. A significant portion of our revenues are to Contract Manufacturers (CMs). If we fail to successfully obtain orders from the CMs, our operating results and financial condition could be negatively affected. There is a limited market and limited trading activity for our common shares. The purchase or sale of a relatively small number of shares could result in significant share price fluctuations We may make an acquisition that is not successful. Our success depends on our ability to retain our existing management and technical team and to recruit and retain qualified technical, sales and marketing and management personnel. We face global business, political and economic risks which may adversely affect us. Our markets are highly competitive, and we may lose business to larger and better financed competitors. Certain Directors and Members of Management Beneficially Own a Substantial Portion of Our Common Stock and May Be in a Position to Determine the Outcome of Our

Full 10-K form ▸

related documents
85608--3/27/2006--VALPEY_FISHER_CORP
720671--6/30/2009--HALIFAX_CORP_OF_VIRGINIA
795212--4/16/2009--TRANS_WORLD_ENTERTAINMENT_CORP
918581--3/6/2008--CIBER_INC
883943--5/2/2007--CHRISTOPHER_&_BANKS_CORP
356037--2/20/2007--CSP_INC_/MA/
795212--4/15/2010--TRANS_WORLD_ENTERTAINMENT_CORP
708850--8/29/2008--DIONEX_CORP_/DE
1001115--12/7/2006--OYO_GEOSPACE_CORP
795212--4/17/2008--TRANS_WORLD_ENTERTAINMENT_CORP
768408--6/26/2008--CYANOTECH_CORP
852426--3/29/2006--PW_EAGLE_INC
89270--3/26/2007--SL_INDUSTRIES_INC
89270--3/24/2006--SL_INDUSTRIES_INC
89270--4/15/2009--SL_INDUSTRIES_INC
1011308--3/13/2008--FOOTSTAR_INC
1037417--12/24/2008--IFTH_ACQUISITION_CORP
885245--4/19/2007--BUCKLE_INC
930686--4/6/2006--WESTERN_SIZZLIN_CORP
749872--9/8/2009--BARRY_R_G_CORP_/OH/
33488--3/12/2008--ESCALADE_INC
911149--3/28/2008--MICRO_COMPONENT_TECHNOLOGY_INC
85961--2/12/2010--RYDER_SYSTEM_INC
739608--11/12/2010--PENFORD_CORP
1050825--4/28/2008--STEELCASE_INC
902281--8/10/2007--ELECTROGLAS_INC
918581--3/5/2009--CIBER_INC
72205--2/1/2006--NOBILITY_HOMES_INC
1050825--4/20/2007--STEELCASE_INC
884269--3/10/2010--ALPHA_PRO_TECH_LTD