BBBB » Topics » Challenging economic conditions may adversely affect our business.

This excerpt taken from the BBBB 10-Q filed May 7, 2009.
Challenging economic conditions may adversely affect our business.
 
The economic disruption experienced in the United States and globally during the second half of 2008 and 2009 and any continuing unfavorable economic conditions may affect our sales and renewals of our products and services, and could negatively affect our revenues and our ability to maintain or grow our business. In addition, the current global financial crisis affecting the banking system and the possibility that financial institutions may consolidate or go out of business has resulted in a tightening of the credit markets, which could impair the ability of our customers to obtain credit to finance purchases of our products. Our client base is diverse and each client or potential client faces a unique set of risks. These risks include, for example, the availability of public funds and the possibility of state and local budget cuts, reduced enrollment, or lower revenues, which could lead to a reduction in overall spending, including information technology spending, by our current and potential clients. A prolonged economic downturn may result in a reduction in overall demand for educational software products and services,


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which could cause a decline in both new sales and renewals of our existing products and difficulty in establishing a market for our new products and services.
 
These excerpts taken from the BBBB 10-K filed Feb 26, 2009.
Challenging economic conditions may adversely affect our business.
 
The economic disruption experienced in the United States and globally during the second half of 2008 and any continuing unfavorable economic conditions may affect our sales and renewals of our products and services, and could negatively affect our revenues and our ability to maintain or grow our business. In addition, the current global financial crisis affecting the banking system and the possibility that financial institutions may consolidate or go out of business has resulted in a tightening of the credit markets, which could impair the ability of our customers to obtain credit to finance purchases of our products. Our client base is diverse and each client or potential client faces a unique set of risks. These risks include, for example, the availability of public funds and the possibility of state and local budget cuts, reduced enrollment, or lower revenues, which could lead to a reduction in overall spending, including information technology spending, by our current and potential clients. A prolonged economic downturn may result in a reduction in overall demand for educational software products and services, which could cause a decline in both new sales and renewals of our existing products and difficulty in establishing a market for our new products and services.
 
Challenging
economic conditions may adversely affect our
business.



 



The economic disruption experienced in the United States and
globally during the second half of 2008 and any continuing
unfavorable economic conditions may affect our sales and
renewals of our products and services, and could negatively
affect our revenues and our ability to maintain or grow our
business. In addition, the current global financial crisis
affecting the banking system and the possibility that financial
institutions may consolidate or go out of business has resulted
in a tightening of the credit markets, which could impair the
ability of our customers to obtain credit to finance purchases
of our products. Our client base is diverse and each client or
potential client faces a unique set of risks. These risks
include, for example, the availability of public funds and the
possibility of state and local budget cuts, reduced enrollment,
or lower revenues, which could lead to a reduction in overall
spending, including information technology spending, by our
current and potential clients. A prolonged economic downturn may
result in a reduction in overall demand for educational software
products and services, which could cause a decline in both new
sales and renewals of our existing products and difficulty in
establishing a market for our new products and services.


 




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