| Industries |
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| Technology Hardware Storage and Peripherals |
| Information Technology |
| Technology Hardware and Equipment |
| Asset Management and Custody Banks |
| Trading Companies and Distributors |
| Exposures |
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| Military |
| Regime |
| Rights |
| Express intent |
| Provide |
| Event Codes |
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| Solicit support |
| Vote |
| Release or return |
| Warn |
| Demand |
| Host meeting |
| Force |
| Riot |
| Promise |
| Adjust |
| Yield |
| Pessimistic comment |
| Sports contest |
| Reduce routine activity |
| Offer peace proposal |
| Rally support |
| Wiki | Wiki Summary |
|---|---|
| Risk management | Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities.\nRisks can come from various sources including uncertainty in international markets, threats from project failures (at any phase in design, development, production, or sustaining of life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. |
| Consolidation (business) | In business, consolidation or amalgamation is the merger and acquisition of many smaller companies into a few much larger ones. In the context of financial accounting, consolidation refers to the aggregation of financial statements of a group company as consolidated financial statements. |
| New York Stock Exchange | The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. |
| Marketing channel | A marketing channel consists of the people, organizations, and activities necessary to transfer the ownership of goods from the point of production to the point of consumption. It is the way products get to the end-user, the consumer; and is also known as a distribution channel. |
| Special Activities Center | The Special Activities Center (SAC) is a division of the Central Intelligence Agency responsible for covert operations and paramilitary operations. The unit was named Special Activities Division (SAD) prior to 2015. |
| Operations management | Operations management is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as few resources as needed and effective in meeting customer requirements. |
| RAMIS (software) | RAMIS ("Random Access Management Information System") is a fourth-generation programming language (4GL) capable of creating and maintaining databases consisting of named files containing both numeric and alphabetic fields and subsequently producing detailed simple or complex reports using a very simple English like language. As such it is easily mastered by non-programmers. |
| Competitive programming | Competitive programming is a mind sport usually held over the Internet or a local network, involving participants trying to program according to provided specifications. Contestants are referred to as sport programmers. |
| Competition (economics) | In economics, competition is a scenario where different economic firms are in contention to obtain goods that are limited by varying the elements of the marketing mix: price, product, promotion and place. In classical economic thought, competition causes commercial firms to develop new products, services and technologies, which would give consumers greater selection and better products. |
| Capital expenditure | Capital expenditure or capital expense (capex or CAPEX) is the money an organization or corporate entity spends to buy, maintain, or improve its fixed assets, such as buildings, vehicles, equipment, or land. It is considered a capital expenditure when the asset is newly purchased or when money is used towards extending the useful life of an existing asset, such as repairing the roof.Capital expenditures contrast with operating expenses (opex), which are ongoing expenses that are inherent to the operation of the asset. |
| Hanged, drawn and quartered | To be hanged, drawn and quartered became a statutory penalty for men convicted of high treason in the Kingdom of England from 1352, although similar rituals are recorded during the reign of King Henry III (1216–1272). The convicted traitor was fastened to a hurdle, or wooden panel, and drawn by horse to the place of execution, where he was then hanged (almost to the point of death), emasculated, disembowelled, beheaded, and quartered (chopped into four pieces). |
| Significant Others | The term significant other (SO) has different uses in psychology and in colloquial language. Colloquially "significant other" is used as a gender-neutral term for a person's partner in an intimate relationship without disclosing or presuming anything about marital status, relationship status, gender identity, or sexual orientation. |
| The Simpsons | The Simpsons is an American animated sitcom created by Matt Groening for the Fox Broadcasting Company. The series is a satirical depiction of American life, epitomized by the Simpson family, which consists of Homer, Marge, Bart, Lisa, and Maggie. |
| Internet | In finance and economics, interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is distinct from a fee which the borrower may pay the lender or some third party. |
| A Difficult Woman | A Difficult Woman is an Australian television series which screened in 1998 on the ABC. The three part series starred Caroline Goodall, in the title role of a woman whose best friend is murdered and is determined to find out why. It was written by Nicholas Hammond and Steven Vidler and directed by Tony Tilse. |
| Law of total expectation | The theorem in probability theory known as the law of total expectation, the law of iterated expectations, the tower rule, Adam’s law, and the smoothing theorem, among other names, states that if \n \n \n \n X\n \n \n {\displaystyle X}\n is a random variable whose expected value \n \n \n \n E\n \n (\n X\n )\n \n \n {\displaystyle \operatorname {E} (X)}\n is defined, and \n \n \n \n Y\n \n \n {\displaystyle Y}\n is any random variable on the same probability space, then\n\n \n \n \n \n E\n \n [\n X\n ]\n =\n \n E\n \n [\n \n \n E\n \n [\n X\n ∣\n Y\n ]\n \n ]\n \n \n {\displaystyle \mathbb {E} [X]=\mathbb {E} [\,\mathbb {E} [X\mid Y]\,]}\n i.e., the expected value of the conditional expectation of \n \n \n \n X\n \n \n {\displaystyle X}\n given \n \n \n \n Y\n \n \n {\displaystyle Y}\n is the same as the expected value of \n \n \n \n X\n \n \n {\displaystyle X}\n .\nOne special case states that if \n \n \n \n \n \n \n {\n \n A\n \n i\n \n \n }\n \n \n \n i\n \n \n \n \n {\displaystyle {\left\{A_{i}\right\}}_{i}}\n is a finite or countable partition of the sample space, then\n\n \n \n \n \n E\n \n [\n X\n ]\n =\n \n ∑\n \n i\n \n \n \n \n E\n \n [\n X\n ∣\n \n A\n \n i\n \n \n ]\n P\n (\n \n A\n \n i\n \n \n )\n \n . |
| Sustainable development | Sustainable development is an organizing principle for meeting human development goals while also sustaining the ability of natural systems to provide the natural resources and ecosystem services on which the economy and society depend. The desired result is a state of society where living conditions and resources are used to continue to meet human needs without undermining the integrity and stability of the natural system. |
| Extravehicular activity | Extravehicular activity (EVA) is any activity done by an astronaut outside a spacecraft beyond the Earth's appreciable atmosphere. Normally, the term applies to what has been termed a spacewalk outside a craft that is orbiting Earth (such as the International Space Station). |
| Business administration | Business administration (also known as business management) is the administration of a commercial enterprise. It includes all aspects of overseeing and supervising business operations. |
| Financial crisis of 2007–2008 | The financial crisis of 2008, or Global Financial Crisis, was a severe worldwide economic crisis that occurred in the early 21st century. It was the most serious financial crisis since the Great Depression (1929). |
| Competitive inhibition | Competitive inhibition is interruption of a chemical pathway owing to one chemical substance inhibiting the effect of another by competing with it for binding or bonding. Any metabolic or chemical messenger system can potentially be affected by this principle, but several classes of competitive inhibition are especially important in biochemistry and medicine, including the competitive form of enzyme inhibition, the competitive form of receptor antagonism, the competitive form of antimetabolite activity, and the competitive form of poisoning (which can include any of the aforementioned types). |
| Frequentative | In grammar, a frequentative form (abbreviated FREQ or FR) of a word is one that indicates repeated action, but is not to be confused with iterative aspect. The frequentative form can be considered a separate but not completely independent word called a frequentative. |
| NSA ANT catalog | The ANT catalog (or TAO catalog) is a classified product catalog by the United States National Security Agency of which the version written in 2008–2009 was published by German news magazine Der Spiegel in December 2013. Forty-nine catalog pages with pictures, diagrams and descriptions of espionage devices and spying software were published. |
| New product development | In business and engineering, new product development (NPD) covers the complete process of bringing a new product to market, renewing an existing product or introducing a product in a new market. A central aspect of NPD is product design, along with various business considerations. |
| Technical support | Technical support (abbreviated as tech support) is an advice service provided, usually over the phone, to help people who have problems using a computer. Presently most large and mid-size companies have outsourced their tech support operations. |
| Secrets of a Successful Marriage | "Secrets of a Successful Marriage" is the twenty-second and final episode of the fifth season of the American animated television series The Simpsons. It originally aired on the Fox network in the United States on May 19, 1994. |
| A Successful Calamity | A Successful Calamity is a 1932 American pre-Code comedy film directed by John G. Adolfi and starring George Arliss and Mary Astor. Based on the 1917 play A Successful Calamity by Clare Kummer, the film is about an elderly millionaire who must deal with his selfish young second wife and a pair of spoiled grown children. |
| Chief financial officer | The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financial reporting. In some sectors, the CFO is also responsible for analysis of data. |
| Foreign exchange market | The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. |
| Survivorship bias | Survivorship bias, survival bias or immortal time bias is the logical error of concentrating on the people or things that made it past some selection process and overlooking those that did not, typically because of their lack of visibility. This can lead to incorrect conclusions. |
| Customer satisfaction | Customer satisfaction (often abbreviated as CSAT) is a term frequently used in marketing. It is a measure of how products and services supplied by a company meet or surpass customer expectation. |
| Trademark infringement | Trademark infringement is a violation of the exclusive rights attached to a trademark without the authorization of the trademark owner or any licensees (provided that such authorization was within the scope of the licence). Infringement may occur when one party, the "infringer", uses a trademark which is identical or confusingly similar to a trademark owned by another party, in relation to products or services which are identical or similar to the products or services which the registration covers. |
| Effective method | In logic, mathematics and computer science, especially metalogic and computability theory, an effective method or effective procedure is a procedure for solving a problem by any intuitively 'effective' means from a specific class. An effective method is sometimes also called a mechanical method or procedure. |
| Contract | A contract is a legally enforceable agreement that creates, defines, and governs mutual rights and obligations among its parties. A contract typically involves the transfer of goods, services, money, or a promise to transfer any of those at a future date. |
| Risk Factors |
|---|
| APPLIX INC /MA/ Item 1A Risk Factors Investors should carefully consider the risks described below before making an investment decision with respect to the common stock of the Company |
| OUR STOCK PRICE MAY BE ADVERSELY AFFECTED BY SIGNIFICANT FLUCTUATIONS IN OUR QUARTERLY RESULTS We may experience significant fluctuations in our future results of operations due to a variety of factors, many of which are outside of our control, including: • demand for and market acceptance of our products and services; • the size and timing of customer orders, particularly large orders; • introduction of products and services or enhancements by us and our competitors; • competitive factors that affect our pricing; • the mix of products and services we sell; • the hiring and retention of key personnel; • our expansion into international markets; • the timing and magnitude of our capital expenditures, including costs relating to the expansion of our operations; • the acquisition and retention of key partners; • changes in generally accepted accounting policies, especially those related to the recognition of software revenue and the accounting for stock-based compensation; and • new government legislation or regulation |
| We typically receive a majority of our orders in the last month of each fiscal quarter because our customers often delay purchases of products until the end of the quarter as our sales organization and our individual sales representatives strive to meet quarterly sales targets |
| As a result, any delay in anticipated sales is likely to result in the deferral of the associated revenue beyond the end of a particular quarter, which would have a significant effect on our operating results for that quarter |
| In addition, most of our operating expenses do not vary directly with net sales and are difficult to adjust in the short term |
| As a result, if net sales for a particular quarter were below expectations, we could not proportionately reduce operating expenses for that 8 _________________________________________________________________ [62]Table of Contents quarter, and, therefore, that revenue shortfall would have a disproportionate adverse effect on our operating results for that quarter |
| If our operating results are below the expectations of public market analysts and investors, the price of our common stock may fall significantly |
| WE MAY NOT BE ABLE TO FULFILL ANY FUTURE CAPITAL NEEDS Although we were profitable in 2004 and 2005, we incurred losses from continuing operations for several years prior to 2004 |
| We could incur operating losses and negative cash flows in the future because of costs and expenses relating to brand development, marketing and other promotional activities, continued development of our information technology infrastructure, expansion of product offerings and development of relationships with other businesses |
| There can be no assurance that we will continue to achieve a profitable level of operations in the future |
| We believe, based upon our current business plan, that our current cash, cash equivalents and short-term investments, funds expected to be generated from operations and our available credit line should be sufficient to fund our operations as planned for at least the next twelve months |
| However, we may need additional funds sooner than anticipated if our performance deviates significantly from our current business plan or if there are significant changes in competitive or other market factors |
| If we elect to raise additional operating funds, such funds, whether from equity or debt financing or other sources, may not be available, or available on terms acceptable to us |
| IF WE DO NOT INTRODUCE NEW PRODUCTS AND SERVICES IN A TIMELY MANNER, OUR PRODUCTS AND SERVICES WILL BECOME OBSOLETE, AND OUR OPERATING RESULTS WILL SUFFER The BPM and BI markets, including interactive planning, budgeting and analytics are characterized by rapid technological change, frequent new product enhancements, uncertain product life cycles, changes in customer demands and evolving industry standards |
| Our products could be rendered obsolete if products based on new technologies are introduced or new industry standards emerge |
| Enterprise computing environments are inherently complex |
| As a result, we cannot accurately estimate the life cycles of our products |
| New products and product enhancements can require long development and testing periods, which requires us to hire and retain technically competent personnel |
| Significant delays in new product releases or significant problems in installing or implementing new products could seriously damage our business |
| We have, on occasion, experienced delays in the scheduled introduction of new and enhanced products and may experience similar delays in the future |
| Our future success depends upon our ability to enhance existing products, develop and introduce new products, satisfy customer requirements and achieve market acceptance |
| We may not successfully identify new product opportunities and develop and bring new products to market in a timely and cost-effective manner |
| ATTEMPTS TO EXPAND BY MEANS OF BUSINESS COMBINATIONS AND ACQUISITIONS MAY NOT BE SUCCESSFUL AND MAY DISRUPT OUR OPERATIONS OR HARM OUR REVENUES We have in the past, and may in the future, buy businesses, products or technologies |
| In the event of any future purchases, we will face additional financial and operational risks, including: • difficulty in assimilating the operations, technology and personnel of acquired companies; • disruption in our business because of the allocation of resources to consummate these transactions and the diversion of management’s attention from our core business; • difficulty in retaining key technical and managerial personnel from acquired companies; • dilution of our stockholders, if we issue equity to fund these transactions; 9 _________________________________________________________________ [63]Table of Contents • assumption of increased expenses and liabilities; • our relationships with existing employees, customers and business partners may be weakened or terminated as a result of these transactions; and • additional ongoing expenses associated with write-downs of goodwill and other purchased intangible assets |
| WE RELY HEAVILY ON KEY PERSONNEL We rely heavily on key personnel throughout the organization |
| The loss of any of our members of management, or any of our staff of sales and development professionals, could prevent us from successfully executing our business strategies |
| Any such loss of technical knowledge and industry expertise could negatively impact our success |
| Moreover, the loss of any critical employees or a group thereof, particularly to a competing organization, could cause us to lose market share, and the Applix brand could be diminished |
| WE MAY NOT BE ABLE TO MEET THE OPERATIONAL AND FINANCIAL CHALLENGES THAT WE ENCOUNTER IN OUR INTERNATIONAL OPERATIONS Due to the Company’s significant international operations, we face a number of additional challenges associated with the conduct of business overseas |
| For example: • we may have difficulty managing and administering a globally-dispersed business; • fluctuations in exchange rates may negatively affect our operating results; • we may not be able to repatriate the earnings of our foreign operations; • we have to comply with a wide variety of foreign laws; • we may not be able to adequately protect our trademarks overseas due to the uncertainty of laws and enforcement in certain countries relating to the protection of intellectual property rights; • reductions in business activity during the summer months in Europe and certain other parts of the world could negatively impact the operating results of our foreign operations; • export controls could prevent us from shipping our products into and from some markets; • multiple and possibly overlapping tax structures could significantly reduce the financial performance of our foreign operations; • changes in import/export duties and quotas could affect the competitive pricing of our products and services and reduce our market share in some countries; and • economic or political instability in some international markets could result in the forfeiture of some foreign assets and the loss of sums spent developing and marketing those assets |
| BECAUSE THE BUSINESS PERFORMANCE MANAGEMENT AND BUSINESS INTELLIGENCE MARKETS ARE HIGHLY COMPETITIVE, WE MAY NOT BE ABLE TO SUCCEED If we fail to compete successfully in the highly competitive and rapidly changing business performance management and business intelligence markets, we may not be able to succeed |
| We face competition primarily from business intelligence firms |
| We also face competition from large enterprise application software vendors, independent systems integrators, consulting firms and in-house IT departments |
| Because barriers to entry into the software market are relatively low, we expect to face additional competition in the future |
| Many of our competitors can devote significantly more resources to the development, promotion and sale of products than we can, and many of them can respond to new technologies and changes in customer preferences more quickly than we can |
| Further, other companies with resources greater than ours may attempt to gain market share in the customer analytics and business planning markets by acquiring or forming strategic alliances with our competitors |
| 10 _________________________________________________________________ [64]Table of Contents BECAUSE WE DEPEND IN PART ON THIRD-PARTY SYSTEMS INTEGRATORS TO PROMOTE, SELL AND IMPLEMENT OUR PRODUCTS, OUR OPERATING RESULTS WILL LIKELY SUFFER IF WE DO NOT DEVELOP AND MAINTAIN THESE RELATIONSHIPS We rely in part on systems integrators to promote, sell and implement our solutions |
| If we fail to maintain and develop relationships with systems integrators, our operating results will likely suffer |
| In addition, if we are unable to rely on systems integrators to install and implement our products, we will likely have to provide these services ourselves, resulting in increased costs |
| As a result, our results of operations may be harmed |
| In addition, systems integrators may develop, market or recommend products that compete with our products |
| Further, if these systems integrators fail to implement our products successfully, our reputation may be harmed |
| BECAUSE THE SALES CYCLE FOR OUR PRODUCTS CAN BE LENGTHY, IT IS DIFFICULT FOR US TO PREDICT WHEN OR WHETHER A SALE WILL BE MADE The timing of our revenue is difficult to predict in large part due to the length and variability of the sales cycle for our products |
| Companies often view the purchase of our products as a significant and strategic decision |
| As a result, companies tend to take significant time and effort evaluating our products |
| The amount of time and effort depends in part on the size and the complexity of the deployment |
| This evaluation process frequently results in a lengthy sales cycle, typically ranging from three to six months |
| During this time we may incur substantial sales and marketing expenses and expend significant management efforts |
| We do not recoup these investments if the prospective customer does not ultimately license our product |
| OUR BUSINESS WILL BE HARMED IF WE ARE UNABLE TO PROTECT OUR TRADEMARKS FROM MISUSE BY THIRD PARTIES Our collection of trademarks is important to our business |
| The protective steps we take or have taken may be inadequate to deter misappropriation of our trademark rights |
| We have filed applications for registration of some of our trademarks in the United States |
| Effective trademark protection may not be available in every country in which we offer or intend to offer our products and services |
| Failure to protect our trademark rights adequately could damage our brand identity and impair our ability to compete effectively |
| Furthermore, defending or enforcing our trademark rights could result in the expenditure of significant financial and managerial resources |
| OUR PRODUCTS MAY CONTAIN DEFECTS THAT MAY BE COSTLY TO CORRECT, DELAY MARKET ACCEPTANCE OF OUR PRODUCTS AND EXPOSE US TO LITIGATION Despite testing by Applix and our customers, errors may be found in our products after commencement of commercial shipments |
| If errors are discovered, we may have to make significant expenditures of capital to eliminate them and yet may not be able to successfully correct them in a timely manner or at all |
| Errors and failures in our products could result in a loss of, or delay in, market acceptance of our products and could damage our reputation and our ability to convince commercial users of the benefits of our products |
| In addition, failures in our products could cause system failures for our customers who may assert warranty and other claims for substantial damages against us |
| Although our license agreements with our customers typically contain provisions designed to limit our exposure to potential product liability claims, it is possible that these provisions may not be effective or enforceable under the laws of some jurisdictions |
| Our insurance policies may not adequately limit our exposure to this type of claim |
| These claims, even if unsuccessful, could be costly and time-consuming to defend |