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MFE » Topics » If we fail to effectively upgrade or modify our information technology system, we may not be able to accurately report our financial results or prevent fraud.This excerpt taken from the MFE 10-Q filed Aug 7, 2008. If we
fail to effectively upgrade or modify our information technology
system, we may not be able to accurately report our financial
results or prevent fraud.
As part of our efforts to continue improving our internal
control over financial reporting, we upgraded our existing SAP
information technology system during 2007 in order to automate
certain controls that were previously performed manually. We may
experience difficulties in transitioning to new or upgraded
systems and in applying maintenance patches to existing systems,
including loss of data and decreases in productivity as
personnel become familiar with new, upgraded or modified
systems. Our management information systems will require
modification and refinement as we grow and as our business needs
change, which could prolong the difficulties we experience with
systems transitions, and we may not always employ the most
effective systems for our purposes. If we experience
difficulties in implementing new or upgraded information systems
or experience significant system
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failures, or if we are unable to successfully modify our
management information systems and respond to changes in our
business needs, our operating results could be harmed or we may
fail to meet our reporting obligations. We may also experience
similar results if we have difficulty applying routine
maintenance patches to existing systems in a timely manner.
This excerpt taken from the MFE 10-Q filed May 12, 2008. If we
fail to effectively upgrade or modify our information technology
system, we may not be able to accurately report our financial
results or prevent fraud.
As part of our efforts to continue improving our internal
control over financial reporting, we upgraded our existing SAP
information technology system during 2007 in order to automate
certain controls that were previously performed manually. We may
experience difficulties in transitioning to new or upgraded
systems and in applying maintenance patches to existing systems,
including loss of data and decreases in productivity as
personnel become familiar with new, upgraded or modified
systems. Our management information systems will require
modification and refinement as we grow and as our business needs
change, which could prolong the difficulties we experience with
systems transitions, and we may not always employ the most
effective systems for our purposes. If we experience
difficulties in implementing new or upgraded information systems
or experience significant system failures, or if we are unable
to successfully modify our management information systems and
respond to changes in our business needs, our operating results
could be harmed or we may fail to meet our reporting
obligations. We may also experience similar results if we have
difficulty applying routine maintenance patches to existing
systems in a timely manner.
These excerpts taken from the MFE 10-K filed Feb 27, 2008. If we
fail to effectively upgrade or modify our information technology
system, we may not be able to accurately report our financial
results or prevent fraud.
As part of our efforts to continue improving our internal
control over financial reporting, we upgraded our existing SAP
information technology system during 2006 and 2007 in order to
automate certain controls that were previously performed
manually. We may experience difficulties in transitioning to new
or upgraded systems and in applying maintenance patches to
existing systems, including loss of data and decreases in
productivity as personnel become familiar with new, upgraded or
modified systems. Our management information systems will
require modification and refinement as we grow and as our
business needs change, which could prolong the difficulties we
experience with systems transitions, and we may not always
employ the most effective systems for our purposes. If we
experience difficulties in implementing new or upgraded
information systems or experience significant system failures,
or if we are unable to successfully modify our management
information systems and respond to changes in our business
needs, our operating results could be harmed or we may fail to
meet our reporting obligations. We may also experience similar
results if we have difficulty applying routine maintenance
patches to existing systems in a timely manner.
If we fail to effectively upgrade or modify our information technology system, we may not be able to accurately report our financial results or prevent fraud. As part of our efforts to continue improving our internal control over financial reporting, we upgraded our existing SAP information technology system during 2006 and 2007 in order to automate certain controls that were previously performed manually. We may experience difficulties in transitioning to new or upgraded systems and in applying maintenance patches to existing systems, including loss of data and decreases in productivity as personnel become familiar with new, upgraded or modified systems. Our management information systems will require modification and refinement as we grow and as our business needs change, which could prolong the difficulties we experience with systems transitions, and we may not always employ the most effective systems for our purposes. If we experience difficulties in implementing new or upgraded information systems or experience significant system failures, or if we are unable to successfully modify our management information systems and respond to changes in our business needs, our operating results could be harmed or we may fail to meet our reporting obligations. We may also experience similar results if we have difficulty applying routine maintenance patches to existing systems in a timely manner. | EXCERPTS ON THIS PAGE:
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