CPTS » Topics » Currency exchange rate fluctuations will impact our financial performance.

These excerpts taken from the CPTS 10-K filed Mar 13, 2009.

         Currency exchange rate fluctuations will impact our financial performance.

        Although a majority of our revenue and operating expenses is denominated in U.S. dollars, and we prepare our financial statements in U.S. dollars in accordance with U.S. GAAP, a portion of our

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revenue and operating expenses is in foreign currencies. As a result, we are subject to currency risks that could adversely affect our operations, including:

    risks resulting from changes in currency exchange rates and the implementation of exchange controls; and

    limitations on our ability to reinvest earnings from operations in one country to fund the capital needs of our operations in other countries.

        Changes in exchange rates will result in increases or decreases in our costs and earnings, and may also affect the book value of our assets located outside the United States and the amount of our equity. Although we may seek to minimize our currency exposure by engaging in hedging transactions where we deem it appropriate, we do not know whether our efforts will be successful.

         Currency exchange rate fluctuations will impact our financial performance.

        Although a majority of our revenue and operating expenses is denominated in U.S. dollars, and we prepare our financial statements in U.S. dollars in accordance with U.S. GAAP, a portion of our

22


Table of Contents


revenue and operating expenses is in foreign currencies. As a result, we are subject to currency risks that could adversely affect our operations, including:

    risks resulting from changes in currency exchange rates and the implementation of exchange controls; and

    limitations on our ability to reinvest earnings from operations in one country to fund the capital needs of our operations in other countries.

        Changes in exchange rates will result in increases or decreases in our costs and earnings, and may also affect the book value of our assets located outside the United States and the amount of our equity. Although we may seek to minimize our currency exposure by engaging in hedging transactions where we deem it appropriate, we do not know whether our efforts will be successful.

        
Currency exchange rate fluctuations will impact our financial performance.



        Although a majority of our revenue and operating expenses is denominated in U.S. dollars, and we prepare our financial statements in
U.S. dollars in accordance with U.S. GAAP, a portion of our



22









HREF="#bg10801a_main_toc">Table of Contents






revenue
and operating expenses is in foreign currencies. As a result, we are subject to currency risks that could adversely affect our operations, including:





    risks resulting from changes in currency exchange rates and the implementation of exchange controls; and


    limitations on our ability to reinvest earnings from operations in one country to fund the capital needs of our operations
    in other countries.



        Changes
in exchange rates will result in increases or decreases in our costs and earnings, and may also affect the book value of our assets located outside the United States and the
amount of our equity. Although we may seek to minimize our currency exposure by engaging in hedging transactions where we deem it appropriate, we do not know whether our efforts will be successful.



        
Currency exchange rate fluctuations will impact our financial performance.



        Although a majority of our revenue and operating expenses is denominated in U.S. dollars, and we prepare our financial statements in
U.S. dollars in accordance with U.S. GAAP, a portion of our



22









HREF="#bg10801a_main_toc">Table of Contents






revenue
and operating expenses is in foreign currencies. As a result, we are subject to currency risks that could adversely affect our operations, including:





    risks resulting from changes in currency exchange rates and the implementation of exchange controls; and


    limitations on our ability to reinvest earnings from operations in one country to fund the capital needs of our operations
    in other countries.



        Changes
in exchange rates will result in increases or decreases in our costs and earnings, and may also affect the book value of our assets located outside the United States and the
amount of our equity. Although we may seek to minimize our currency exposure by engaging in hedging transactions where we deem it appropriate, we do not know whether our efforts will be successful.



EXCERPTS ON THIS PAGE:

10-K (4 sections)
Mar 13, 2009
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