INFS » Topics » We may not fully realize the expected operating efficiencies from our restructuring plans or the plans may not be successful.

This excerpt taken from the INFS 10-K filed Mar 16, 2009.

We may not fully realize the expected operating efficiencies from our restructuring plans or the plans may not be successful.

Over the last three years, we have implemented a series of restructuring plans, key initiatives and outsourcing programs designed to achieve the goal of simplifying the business and returning the company to profitability. As part of the restructuring plans, we have implemented actions to reduce our cost to serve customers, improve our supply chain efficiency, reduce our product costs and reduce our operating expenses. Our goal as a result of these actions was to improve gross margins and reduce our operating expenses to a level that will allow us to achieve breakeven or better results. We have faced a number of challenges related to our restructuring plans including uncertainties associated with the impact of our actions on revenues and gross margins as well as factors outside our control such as changes in the economic environment. We cannot be assured that we will achieve or sustain the targeted benefits under these programs, which could result in further restructuring efforts. The implementation of key elements of these programs, such as employee job reductions and office closures, may have an adverse impact on our business, particularly in the near-term. If our restructuring plans are not successful, our business and results of operations may be negatively impacted.

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