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Wiki	Wiki Summary
The Weather Company	The Weather Company is a weather forecasting and information technology company that owns and operates weather.com and Weather Underground. The Weather Company has been a subsidiary of the Watson & Cloud Platform business unit of IBM since 2016.
The Honest Company	The Honest Company, Inc. is an American consumer goods company, founded by actress Jessica Alba.
To the Stars (company)	To the Stars... Academy of Arts & Sciences (often referred to as To the Stars or TTSA) is a San Diego-based company co-founded by Tom DeLonge, guitarist of Blink-182 and Angels & Airwaves; Harold E. Puthoff; and Jim Semivan.
Passeig de Lluís Companys, Barcelona	Passeig de Lluís Companys (Catalan pronunciation: [pəˈsɛdʒ də ʎuˈis kumˈpaɲs]) is a promenade in the Ciutat Vella and Eixample districts of Barcelona, Catalonia, Spain, and can be seen as an extension of Passeig de Sant Joan. It was named after President Lluís Companys, who was executed in 1940.
List of largest companies in the United States by revenue	This list comprises the largest companies in the United States by revenue as of 2022, according to the Fortune 500 tally of companies. Retail corporation Walmart has been the largest company in the US by revenue since 2014.
El Tarròs	El Tarròs (Spanish: Tarrós) is a small village in Tornabous municipality, in the province of Lleida, in Catalonia, Spain. In 2008 it had 100 inhabitants.
Common stock	Common stock is a form of corporate equity ownership, a type of security. The terms voting share and ordinary share are also used frequently outside of the United States.
Common stock dividend	A common stock dividend is the dividend paid to common stock owners from the profits of the company. Like other dividends, the payout is in the form of either cash or stock.
Preferred stock	Preferred stock (also called preferred shares, preference shares, or simply preferreds) is a component of share capital that may have any combination of features not possessed by common stock, including properties of both an equity and a debt instrument, and is generally considered a hybrid instrument. Preferred stocks are senior (i.e., higher ranking) to common stock but subordinate to bonds in terms of claim (or rights to their share of the assets of the company, given that such assets are payable to the returnee stock bond) and may have priority over common stock (ordinary shares) in the payment of dividends and upon liquidation.
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.
Stock market	A stock market, equity market, or share market is the aggregation of buyers and sellers of stocks (also called shares), which represent ownership claims on businesses; these may include securities listed on a public stock exchange, as well as stock that is only traded privately, such as shares of private companies which are sold to investors through equity crowdfunding platforms. Investment is usually made with an investment strategy in mind.
Treasury stock	A treasury stock or reacquired stock is stock which is bought back by the issuing company, reducing the amount of outstanding stock on the open market ("open market" including insiders' holdings). \nStock repurchases are used as a tax efficient method to put cash into shareholders' hands, rather than paying dividends, in jurisdictions that treat capital gains more favorably.
Convertible bond	In finance, a convertible bond or convertible note or convertible debt (or a convertible debenture if it has a maturity of greater than 10 years) is a type of bond that the holder can convert into a specified number of shares of common stock in the issuing company or cash of equal value. It is a hybrid security with debt- and equity-like features.
Financial condition report	In accounting, a financial condition report (FCR) is a report on the solvency condition of an insurance company that takes into account both the current financial status, as reflected in the balance sheet, and an assessment of the ability of the company to survive future risk scenarios. Risk assessment in an FCR involves dynamic solvency testing, a type of dynamic financial analysis that simulates management response to risk scenarios, to test whether a company could remain solvent in the face of deteriorating economic conditions or major disasters.
Balance sheet	In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year.
Financial law	Financial law is the law and regulation of the insurance, derivatives, commercial banking, capital markets and investment management sectors. Understanding Financial law is crucial to appreciating the creation and formation of banking and financial regulation, as well as the legal framework for finance generally.
Financial analysis	Financial analysis (also referred to as financial statement analysis or accounting analysis or Analysis of finance) refers to an assessment of the viability, stability, and profitability of a business, sub-business or project. \nIt is performed by professionals who prepare reports using ratios and other techniques, that make use of information taken from financial statements and other reports.
Federal takeover of Fannie Mae and Freddie Mac	In September 2008 the Federal Housing Finance Agency (FHFA) announced that it would take over the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Both government-sponsored enterprises, which finance home mortgages in the United States by issuing bonds, had become illiquid as the market for those bonds collapsed in the subprime mortgage crisis.
Proprietary software	Proprietary software, also known as non-free software or closed-source software, is computer software for which the software's publisher or another person reserves some licensing rights to use, modify, share modifications, or share the software, restricting user freedom with the software they lease. It is the opposite of open-source or free software.
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.
Operations research	Operations research (British English: operational research), often shortened to the initialism OR, is a discipline that deals with the development and application of advanced analytical methods to improve decision-making. It is sometimes considered to be a subfield of mathematical sciences.
Operation (mathematics)	In mathematics, an operation is a function which takes zero or more input values (called operands) to a well-defined output value. The number of operands (also known as arguments) is the arity of the operation.
Competition	Competition is a rivalry where two or more parties strive for a common goal which cannot be shared: where one's gain is the other's loss (an example of which is a zero-sum game). Competition can arise between entities such as organisms, individuals, economic and social groups, etc.
List of mergers and acquisitions by Meta Platforms	Meta Platforms (formerly Facebook, Inc.) is a technology company that has acquired 91 other companies, including WhatsApp. The WhatsApp acquisition closed at a steep $16 billion; more than $40 per user of the platform.
Ben Ashkenazy	Ben Ashkenazy (born 1968/69) is an American billionaire real estate developer. He is the founder, CEO, and majority owner of Ashkenazy Acquisition Corporation, which has a $12 billion property portfolio.
Mergers & Acquisitions	In corporate finance, mergers and acquisitions (M&A) are transactions in which the ownership of companies, other business organizations, or their operating units are transferred or consolidated with other entities. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position.
Technology	Technology is the result of accumulated knowledge and application of skills, methods, and processes used in industrial production and scientific research. Technology is embedded in the operation of all machines, with or without detailed knowledge of their function, for the intended purpose of an organization.
List of acquisitions by Oracle	This is a listing of Oracle Corporation's corporate acquisitions, including acquisitions of both companies and individual products.\nOracle's version does not include value of the acquisition.See also Category:Sun Microsystems acquisitions (Sun was acquired by Oracle).
Difficult to Cure	Difficult to Cure is the fifth studio album by the British hard rock band Rainbow, released in 1981. The album marked the further commercialization of the band's sound, with Ritchie Blackmore once describing at the time his appreciation of the band Foreigner.
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Second-language acquisition	Second-language acquisition (SLA), sometimes called second-language learning — otherwise referred to as L2 (language 2) acquisition, is the process by which people learn a second language. Second-language acquisition is also the scientific discipline devoted to studying that process.
For Love or Money (2014 film)	For Love or Money (Chinese: 露水红颜) is a Chinese romance film based on Hong Kong novelist Amy Cheung's 2006 novel of the same name. The film was directed by Gao Xixi and starring Liu Yifei and Rain.
Price	A prince is a male ruler (ranked below a king, grand prince, and grand duke) or a male member of a monarch's or former monarch's family. Prince is also a title of nobility (often highest), often hereditary, in some European states.
Price discrimination	Price discrimination is a microeconomic pricing strategy where identical or largely similar goods or services are sold at different prices by the same provider in different markets. Price discrimination is distinguished from product differentiation by the more substantial difference in production cost for the differently priced products involved in the latter strategy.
Non-price competition	Non-price competition is a marketing strategy "in which one firm tries to distinguish its product or service from competing products on the basis of attributes like design and workmanship". It often occurs in imperfectly competitive markets because it exists between two or more producers that sell goods and services at the same prices but compete to increase their respective market shares through non-price measures such as marketing schemes and greater quality.

Risk Factors
RADIANT SYSTEMS INC ITEM 1A RISK FACTORS In addition to the other information contained in this report, the following risks should be considered carefully in evaluating Radiant and its business
The Company has generated operating losses in the past and an investment in the Company’s common stock is extremely speculative and involves a high degree of risk
The Company anticipates that completing its products under development, and marketing existing products and new releases will require additional ongoing expenditures, while the majority of the Company’s revenues are not guaranteed
Accordingly, an investment in the Company’s common stock is extremely speculative in nature and involves a high degree of risk
The Company’s revenues are significantly concentrated in the convenience store and the hospitality markets and the demand for the Company’s products and services in these markets could be disproportionately affected by instability or a downturn in either market
Approximately 34prca, 40prca and 55prca of the Company’s total revenues for the years ended December 31, 2005, 2004 and 2003, respectively, were attributed to the convenience store market and approximately 54prca, 44prca and 21prca of the Company’s total revenues for the years ended December 31, 2005, 2004 and 2003, respectively, were attributed to the hospitality market
The hospitality and convenience store markets are affected by a variety of factors, including global and regional instability, governmental policy and regulation, political instability, natural disasters, environmental and health disasters, consumer buying habits, consolidation in the petroleum industry, war, terrorism and general economic conditions
Adverse developments in either market could materially and adversely affect the Company’s business, operating results and financial condition
In addition, the Company believes the purchase of its products is relatively discretionary and generally involves a significant commitment of capital, because purchases of the Company’s products are often accompanied by large scale hardware purchases
As a result, demand for the Company’s products and services could be disproportionately affected by instability or downturns in the hospitality market and/or convenience store market which may cause clients to exit the industry or delay, cancel or reduce planned-for information management systems and software products
The Company may be required to defer recognition of revenues on its software products, which may have a material adverse effect on its financial results
The Company may be required to defer recognition of revenues for a significant period of time after entering into a license agreement for a variety of reasons, including: • transactions that include both currently deliverable software products and software products that are under development; • transactions where the client demands services that include significant modifications, customizations or complex interfaces that could delay product delivery or acceptance; • transactions that involve acceptance criteria that may preclude revenue recognition or if there are identified product-related issues, such as performance issues; and • transactions that involve payment terms or fees that depend upon contingencies
Because of the factors listed above and other specific requirements under generally accepted accounting principles (“GAAP”) for software revenue recognition, the Company must have very precise terms in its license agreements in order to recognize revenue when it initially delivers software or performs services
Although the Company has a standard form of license agreement that meets the criteria under GAAP for current revenue recognition on delivered elements, it negotiates and revises these terms and conditions in some transactions
Negotiation of mutually acceptable terms and conditions can extend the sales cycle, and sometimes result in deferred revenue recognition well after the time of delivery or project completion
Damage to the Company’s manufacturing site could limit its ability to operate its business
The Company does not have redundant, multiple-site manufacturing capacity
Therefore, damage to its manufacturing site from a natural disaster or other catastrophic event such as fire, flood, terrorist attack, power loss and other similar events could cause interruptions or delays in our manufacturing process or render us unable to accept and fulfill customer orders
We have not established a formal disaster recovery plan and our business interruption insurance may not be adequate to compensate us for losses we may suffer
11 ______________________________________________________________________ [40]Table of Contents The Company’s failure to manage its growth effectively could have a material adverse effect on the Company’s business, operating results and financial condition
The growth in the size and complexity of the Company’s business and the expansion of its product lines and its client base may place a significant strain on the Company’s management and operations
An increase in the demand for the Company’s products could strain the Company’s resources or result in delivery problems, delayed software releases, slow response time, or insufficient resources for assisting clients with implementation of the Company’s products and services, which could have a material adverse effect on the Company’s business, operating results and financial condition
The Company anticipates that continued growth, if any, will require it to recruit, hire and assimilate a substantial number of new employees, including consulting, product development, sales and marketing, and administrative personnel
The Company’s ability to compete effectively and to manage future growth, if any, will also depend on its ability to continue to implement and improve operational, financial and management information systems on a timely basis and to expand, train, motivate and manage its work force, particularly its direct sales force and consulting services organization
There can be no assurance that the Company will be able to manage any future growth, and any failure to do so could have a material adverse effect on the Company’s business, operating results and financial condition
The Company may be unable to find suitable acquisition candidates and may not be able to successfully integrate acquired businesses into the Company’s operations
As part of its operating history and growth strategy, the Company has acquired other businesses
In the future, the Company may continue to seek acquisition candidates in selected markets and from time to time engage in exploratory discussions with suitable candidates
There can be no assurance, however, that the Company will be able to identify and acquire targeted businesses or obtain financing for such acquisitions on satisfactory terms
The process of integrating acquired businesses into the Company’s operations may result in unforeseen difficulties and may require a disproportionate amount of resources and management attention
In particular, the integration of acquired technologies with the Company’s existing products could cause delays in the introduction of new products
In connection with future acquisitions, the Company may incur significant charges to earnings as a result of, among other things, the write-off of purchased research and development
Future acquisitions may be financed through the issuance of common stock, which may dilute the ownership of the Company’s shareholders, or through the incurrence of additional indebtedness
Furthermore, there can be no assurance that competition for acquisition candidates will not escalate, thereby increasing the costs of making acquisitions or making suitable acquisitions unattainable
The Company’s revenues and results of operations are difficult to predict and may fluctuate substantially from quarter to quarter, which could negatively affect the trading price of the Company’s common stock
The Company’s revenues and results of operations are difficult to predict and may fluctuate substantially from quarter to quarter
These fluctuations can adversely affect the Company’s business and the market price of its stock
License revenues in any quarter depend substantially upon the Company’s total contracting activity and its ability to recognize revenues in that quarter in accordance with its revenue recognition policies
The Company’s contracting activity is difficult to forecast for a variety of reasons, including the following: • the Company’s sales cycle is relatively long and varies as a result of the Company expanding its product line and broadening its software product applications to cover a client’s overall business; • the size of license transactions can vary significantly; • the possibility that economic downturns are characterized by decreased product demand, price erosion, technological shifts, work slowdowns and layoffs may substantially reduce contracting activity; • clients may unexpectedly postpone or cancel anticipated system replacements or new system evaluations due to changes in their strategic priorities, project objectives, budgetary constraints or management; • client evaluations and purchasing processes vary significantly from company to company, and a client’s internal approval and expenditure authorization process can be difficult and time consuming, even after selection of a vendor; • changes in the Company’s pricing policies and discount plans may affect client purchasing patterns; • the number, timing and significance of the Company’s and its competitors’ software product enhancements and new software product announcements may affect purchase decisions; 12 ______________________________________________________________________ [41]Table of Contents • the introduction of new research and development projects requires the Company to increase significantly its operating expenses to fund greater levels of product development and to develop and commercialize additional products and services; and • certain expenses, including those over which the Company exercises little or no control, such as health costs, compliance with new legislation, and property and liability insurance, may be difficult to manage
In addition, the Company’s expense levels, operating costs and hiring plans are based on projections of future revenues and are relatively fixed
If the Company’s actual revenues fall below expectations, its net income is likely to be disproportionately adversely affected
Due to all of the foregoing factors, in some future quarters the Company’s operating results may fall below the expectations of securities analysts and investors
In such event, the trading price of the Company’s common stock would likely be materially and adversely affected
The Company is highly dependent on a limited number of clients, the loss of one or more of which could have a material adverse effect on its business, operating results and financial condition
The Company sells systems and services to a limited number of large clients
Approximately 20prca, 26prca and 29prca, of the Company’s revenues were derived from five clients during the years ended December 31, 2005, 2004 and 2003, respectively
There can be no assurance that the loss of one or more of these clients will not have a material adverse effect on the Company’s business, operating results and financial condition
The Company has traditionally depended on its installed client base for future revenues from services and licenses of other products
If existing clients fail to renew their maintenance agreements, the Company’s revenues could decrease
The maintenance agreements are generally renewable annually at the option of the clients and there are no mandatory payment obligations or obligations to license additional software
Therefore, current clients may not necessarily generate significant maintenance revenues in future periods
In addition, clients may not purchase additional products or services
Any downturn in software license revenue could result in lower services revenues in future quarters
The Company’s success will depend on its ability to develop new products and to adapt to rapid technological change
The types of products sold by the Company are subject to rapid and continual technological change
Products available from the Company, as well as from its competitors, have increasingly offered a wider range of features and capabilities
The Company believes that in order to compete effectively in selected vertical markets, it must provide compatible systems incorporating new technologies at competitive prices
To the extent the Company determines that new software and hardware technologies are required to remain competitive or our customers demand more advanced offerings, the development, acquisition and implementation of these technologies are likely to require significant capital investments by the Company
To the extent that such expenses precede or are not subsequently followed by increased revenues, our business, results of operations and financial condition may be materially and adversely affected
There can be no assurance that the Company will be able to continue funding research and development at levels sufficient to enhance its current product offerings or will be able to develop and introduce on a timely basis new products that keep pace with technological developments and emerging industry standards and address the evolving needs of clients
There can also be no assurance that the Company will not experience difficulties that will result in delaying or preventing the successful development, introduction and marketing of new products in its existing markets or that its new products and product enhancements will adequately meet the requirements of the marketplace or achieve any significant degree of market acceptance
Likewise, there can be no assurance as to the acceptance of Company products in new markets, nor can there be any assurance as to the success of the Company’s penetration of these markets, or to the revenue or profit margins with respect to these products
The inability of the Company, for any reason, to develop and introduce new products and product enhancements in a timely manner in response to changing market conditions or client requirements could materially adversely affect the Company’s business, operating results and financial condition
In addition, Radiant strives to achieve compatibility between the Company’s products and retail systems that management believes are or will become popular and widely adopted
The Company invests substantial resources in development efforts aimed at achieving such compatibility
Any failure by the Company to anticipate or respond adequately to technology or market developments could materially adversely affect the Company’s business, operating results and financial condition
13 ______________________________________________________________________ [42]Table of Contents The Company operates in a highly competitive market and can make no assurance that it will be able to compete successfully against its current or future competitors
The market for retail information systems is intensely competitive
The Company believes the principal competitive factors in such market are product quality, reliability, performance and price, vendor and product reputation, financial stability, features and functions, ease of use, quality of support, and degree of integration effort required with other systems
A number of companies offer competitive products addressing certain of the Company’s target markets
In addition, the Company believes that new market entrants may attempt to develop fully integrated systems targeting the retail industry
In the market for consulting services, the Company competes with various systems integrators
Many of the Company’s existing competitors, as well as a number of potential new competitors, have significantly greater financial, technical and marketing resources than the Company
There can be no assurance that the Company will be able to compete successfully against its current or future competitors or that competition will not have a material adverse effect on the Company’s business, operating results and financial condition
Additionally, the Company competes with a variety of hardware and software vendors
Some of the Company’s competitors may have advantages over the Company due to their significant worldwide presence, longer operating and product development history, and substantially greater financial, technical and marketing resources
If competitors offer more favorable payment terms and/or more favorable contractual implementation terms or guarantees, the Company may need to lower prices or offer other favorable terms in order to compete successfully
Any such changes would be likely to reduce margins
The Company’s increased investment in the international market could expose it to risks in addition to those experienced in the United States
The Company’s international revenues represented approximately dlra33dtta1 million or 19prca of the Company’s total revenues in 2005 and the Company will continue to invest in expanding its international operations
The global reach of the Company’s business could cause it to be subject to unexpected, uncontrollable and rapidly changing events and circumstances in addition to those experienced in domestic locations
The following factors, among others, present risks that could have an adverse impact on the Company’s business, operating results and financial condition: • Weaker protection of intellectual property rights; • The Company may be unable to replicate its previous international revenues; • Conducting business in currencies other than United States dollars subjects the Company to currency controls and fluctuations in currency exchange rates
The Company may be unable to hedge the currency risk in some transactions because of uncertainty or the inability to reasonably estimate its foreign exchange exposure; • Increased cost and development time may be required to adapt the Company’s products to local markets; • The Company may lack experience in a particular geographic market; • Legal, regulatory, social, political, labor or economic conditions in a specific country or region, including loss or modification of exemptions for taxes and tariffs, and import and export license requirements may have a negative impact on the Company; and • Operating costs in many countries are higher than in the United States
The loss of key personnel could have a material adverse effect on the Company
The Company’s future success depends in part on the performance of its executive officers and key employees
The Company does not have in place employment agreements with any of its executive officers
The loss of the services of any of its executive officers or other key employees could have a material adverse effect on the business, operating results and financial condition of the Company
In addition, the failure of Radiant to recruit and retain qualified accounting and finance personnel may result in excessive third party accounting and auditing costs and expenses in connection with compliance with the Sarbanes-Oxley Act, specifically in connection with Section 404 (internal control over financial reporting)
14 ______________________________________________________________________ [43]Table of Contents The Company’s inability to attract, hire or retain the necessary technical and managerial personnel could have a material adverse effect on the Company’s business, operating results and financial condition
The Company is heavily dependent upon its ability to attract, retain and motivate skilled technical and managerial personnel, especially highly skilled engineers involved in ongoing product development and consulting personnel who assist in the development and implementation of the Company’s total business solutions
The market for such individuals is intensely competitive
Due to the critical role of the Company’s product development and consulting staffs, the inability to recruit successfully or the loss of a significant part of its product development or consulting staffs could have a material adverse effect on the Company
The software industry is characterized by a high level of employee mobility and aggressive recruiting of skilled personnel
There can be no assurance that the Company will be able to retain its current personnel, or that it will be able to attract, assimilate or retain other highly qualified technical and managerial personnel in the future
The inability to attract, hire or retain the necessary technical and managerial personnel could have a material adverse effect upon the Company’s business, operating results and financial condition
The Company’s success and ability to compete is dependent upon its ability to protect its proprietary technology
The Company’s success and ability to compete is dependent in part upon its ability to protect its proprietary technology
The Company relies on a combination of patent, copyright and trade secret laws and non-disclosure agreements to protect this proprietary technology
The Company enters into confidentiality and non-compete agreements with its employees and license agreements with its clients and potential clients, which limits access to and distribution of its software, documentation and other proprietary information
There can be no assurance that the steps taken by the Company to protect its proprietary rights will be adequate to prevent misappropriation of its technology or that the Company’s competitors will not independently develop technologies that are substantially equivalent or superior to the Company’s technology
In addition, the laws of some foreign countries do not protect the Company’s proprietary rights to the same extent as do the laws of the United States
Certain technology used in conjunction with the Company’s products is licensed from third parties, generally on a non-exclusive basis
The termination of any such licenses, or the failure of the third-party licensors to adequately maintain or update their products, could result in delay in the Company’s ability to ship certain of its products while it seeks to implement technology offered by alternative sources, and any required replacement licenses could prove costly
While it may be necessary or desirable in the future to obtain other licenses relating to one or more of the Company’s products or relating to current or future technologies, there can be no assurance that the Company will be able to do so on commercially reasonable terms or at all
The Company may have difficulty implementing its products, which could damage its reputation and its ability to generate new business
Implementation of the Company’s software products can be a lengthy process, and commitment of resources by our clients is subject to a number of significant risks over which we have little or no control
Delays in the implementations of any of the Company’s software products, whether by our business partners or us, may result in client dissatisfaction, disputes with customers, or damage to our reputation
Significant problems implementing the Company’s software therefore can cause delays or prevent us from collecting fees for our software and can damage our ability to generate new business
If the Company becomes subject to adverse claims alleging infringement of third-party proprietary rights, we may incur unanticipated costs and our competitive position may suffer
The Company is subject to the risk that it is infringing on the proprietary rights of third parties
Although we are not aware of any infringement by our technology on the proprietary rights of others and are not currently subject to any legal proceedings involving claimed infringements, we can make no assurances that we will not be subject to such third-party claims, litigation or indemnity demands and that these claims will not be successful
If a claim or indemnity demand were to be brought against the Company, it could result in costly litigation or product shipment delays or force us to stop selling or providing such services or to enter into royalty or license agreements
Errors or defects in the Company’s software products could diminish demand for our products, injure our reputation and reduce our operating results
The Company’s software products are complex and may contain errors that could be detected at any point in the life of the product
We cannot make any assurances that errors will not be found in new products or releases after shipment
This could result in diminished demand for our products, delays in market acceptance and sales, diversion of development resources, injury to our reputation or increased service and warranty costs
If any of these were to occur, our operating results could be adversely affected
15 ______________________________________________________________________ [44]Table of Contents The Company’s acquisition of existing businesses and its failure to successfully integrate these businesses could disrupt our business, dilute our common stock and harm our financial condition and operating results
In January 2004, the Company acquired substantially all of the assets of Aloha Technologies and certain affiliated entities and in April 2004, the Company acquired substantially all of the assets of E-Needs, Inc
In October 2005, the Company acquired the shares of MenuLink Computer Solutions, Inc
In January 2006, the Company acquired substantially all of the assets of Synchronics, Inc
We intend to make future strategic acquisitions of complementary companies, products or technologies
Such acquisitions could disrupt our business
In addition, holdings in the Company would be diluted if we issue equity securities in connection with any acquisition, as we did in the transactions involving the acquisitions of Aloha, E-Needs, MenuLink and Synchronics
Acquisitions involve numerous risks, including: • problems combining the acquired operations, technologies or products; • unanticipated costs or liabilities; • diversion of management’s attention; • adverse effects on existing business relationships with suppliers and customers; • risks associated with entering markets in which we have limited or no prior experience; and • potential loss of key employees, particularly those of the acquired organizations
For example, until we actually assume operating control of the business assets and operation, it is difficult to ascertain the actual value or understand the potential liabilities of our acquisitions
The Company may not be able to successfully integrate any business, technologies or personnel that it has acquired or that it might acquire in the future, and this could harm our financial condition and operating results
The Company’s executive officers own a significant amount of the Company’s common stock and will be able to exercise significant influence on matters requiring shareholder approval
The Company’s executive officers collectively owned approximately 16prca of the Company’s outstanding common stock as of February 23, 2006
Consequently, together they continue to be able to exert significant influence over the election of the Company’s directors, the outcome of most corporate actions requiring shareholder approval and the business of the Company
The market price for the Company’s common stock is extremely volatile and the Company does not expect to pay dividends on its common stock in the foreseeable future
The market price for the Company’s common stock has experienced substantial price volatility since its initial public offering in February 1997 and such volatility may continue in the future
Quarterly operating results of the Company or of other companies participating in the computer-based products and services industry, changes in conditions in the economy, the financial markets of the computer products and services industries, natural disasters or other developments affecting the Company or its competitors could cause the market price of the common stock to fluctuate substantially
In addition, the stock market has experienced extreme price and volume fluctuations that have affected the market price of many technology stocks in particular and that have often been unrelated or disproportionate to the operating performance of these companies
For the foreseeable future, it is expected that earnings, if any, generated from the Company’s operations will be used to finance the growth of its business, and that no dividends will be paid to holders of the common stock
16 ______________________________________________________________________ [45]Table of Contents The Company’s Articles of Incorporation contain anti-takeover provisions which could have the effect of making it more difficult for a third party to acquire control of the Company
The Company’s Amended and Restated Articles of Incorporation authorize the Board of Directors to issue up to 5cmam000cmam000 shares of preferred stock and to fix the rights, preferences, privileges and restrictions, including voting rights, of the preferred stock without further vote or action by the Company’s shareholders
The rights of the holders of common stock will be subject to, and may be adversely affected by, the rights of the holders of any preferred stock that may be issued in the future
While the Company has no present intention to issue additional shares of preferred stock, such issuance, while providing desired flexibility in connection with possible acquisitions and other corporate purposes, could have the effect of making it more difficult for a third party to acquire a majority of the outstanding voting stock of the Company
For example, an issuance of preferred stock could: • adversely affect the voting power of the stockholders of our common stock; • make it more difficult for a third party to gain control of the Company; • discourage bids for the Company’s common stock at a premium; • limit or eliminate any payments that the stockholders of our common stock could expect to receive upon the Company’s liquidation; or • otherwise adversely affect the market price of our common stock