918581--3/4/2010--CIBER

related topics

{customer, product, revenue}

{system, service, information}

{condition, economic, financial}

{tax, income, asset}

{competitive, industry, competition}

{regulation, government, change}

{debt, indebtedness, cash}

{operation, international, foreign}

{regulation, change, law}

{product, market, service}

{personnel, key, retain}

{property, intellectual, protect}

{provision, law, control}

{stock, price, operating}

Our results of operations can be adversely affected by economic conditions and the impacts of these conditions on our clients operations and technology spending. The IT services industry is highly competitive, and we may not be able to compete effectively. If we are not able to anticipate and keep pace with rapid changes in technology, our business will be negatively affected. Termination of a contract by a significant client and/or cancellation with short notice could adversely affect our results of operations. Our current level of indebtedness places restrictions upon our business, and we face the risk of breaching the financial covenants in our Senior Credit Facility. We could incur losses due to impairment in the carrying value of our goodwill. Financial and operational risks of our international operations could result in a decline in revenue and profitability. We depend on contracts with various federal, state and local government agencies for a significant portion of our revenue and, if the spending policies or budget priorities of these agencies change, we could lose revenue. Our revenues, operating results and profitability will vary from quarter to quarter, which may result in increased volatility in the price of our securities. Our business could be adversely affected if our clients are not satisfied with our services, and we could face damage to our professional reputation and/or legal liability. We may experience declines in revenue and profitability if we do not accurately estimate the cost of a large engagement conducted on a fixed-price basis. A privacy breach could adversely affect our business. If we are unable to collect our receivables, our results of operations and cash flows could be adversely affected. Unfavorable government audits could require us to adjust previously reported operating results, to forego anticipated revenue and subject us to penalties and sanctions. Our future success depends on our ability to continue to retain and attract qualified employees. Our services or solutions could infringe upon the intellectual property rights of others, or we might lose our ability to utilize the intellectual property of others. We have adopted anti-takeover defenses that could make it difficult for another company to acquire control of CIBER or limit the price investors might be willing to pay for our stock, thus affecting the market price of our securities.

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918581--3/4/2010--CIBER_INC