VRSN » Topics » 5.9 Employees.

This excerpt taken from the VRSN 10-K filed Mar 3, 2009.

Employees

 

The following table shows a comparison of our consolidated employee headcount for operations, including discontinued operations, by function:

 

     As of December 31,
     2008    2007    2006

Employee headcount by function:

        

Cost of revenues

   1,164    1,673    2,342

Sales and marketing

   607    809    989

Research and development

   769    954    1,022

General and administrative

   757    815    978
              

Total

   3,297    4,251    5,331
              

 

We have never had a work stoppage, and no U.S.-based employees are represented under collective bargaining agreements. Our ability to achieve our financial and operational objectives depends in large part upon our continued ability to attract, integrate, train, retain and motivate highly qualified sales, technical and managerial personnel, and upon the continued service of our senior management and key sales and technical personnel. Competition for qualified personnel in our industry and in some of our geographical locations is intense, particularly for software development personnel.

 

16


Table of Contents

 

ITEM 1A. RISK FACTORS

 

In addition to other information in this Form 10-K, the following risk factors should be carefully considered in evaluating us and our business because these factors currently have a significant impact or may have a significant impact on our business, operating results or financial condition. Actual results could differ materially from those projected in the forward-looking statements contained in this Form 10-K as a result of the risk factors discussed below and elsewhere in this Form 10-K.

 

This excerpt taken from the VRSN 10-K filed Feb 29, 2008.

Employees

 

The following table shows a comparison of our employee headcount by function:

 

     As of December 31,
     2007    2006    2005

Employee headcount from operations:

        

Cost of revenues

   1,673    2,342    1,807

Sales and marketing

   809    989    763

Research and development

   954    1,022    801

General and administrative

   815    978    705
              

Total

   4,251    5,331    4,076
              

 

We have never had a work stoppage, and no U.S.-based employees are represented under collective bargaining agreements. Our ability to achieve our financial and operational objectives depends in large part upon our continued ability to attract, integrate, train, retain and motivate highly qualified sales, technical and managerial personnel, and upon the continued service of our senior management and key sales and technical personnel. Competition for qualified personnel in our industry and in some of our geographical locations is intense, particularly for software development personnel.

 

12


Table of Contents

 

ITEM 1A. RISK FACTORS

 

In addition to other information in this Form 10-K, the following risk factors should be carefully considered in evaluating us and our business because these factors currently have a significant impact or may have a significant impact on our business, operating results or financial condition. Actual results could differ materially from those projected in the forward-looking statements contained in this Form 10-K as a result of the risk factors discussed below and elsewhere in this Form 10-K.

 

This excerpt taken from the VRSN 10-K filed Jul 12, 2007.

Employees

 

The following table shows a comparison of our employee headcount by function:

 

     December 31,
2006
   December 31,
2005
   December 31,
2004

Employee headcount from continuing operations:

        

Cost of revenues

   2,342    1,807    1,452

Sales and marketing

   989    763    656

Research and development

   1,022    801    408

General and administrative

   978    705    567
              

Total

   5,331    4,076    3,083
              

 

 

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We have never had a work stoppage, and no U.S.-based employees are represented under collective bargaining agreements. We consider our relations with our employees to be good. Our ability to achieve our financial and operational objectives depends in large part upon our continued ability to attract, integrate, train, retain and motivate highly qualified sales, technical and managerial personnel, and upon the continued service of our senior management and key sales and technical personnel, none of whom is bound by an employment agreement. Competition for qualified personnel in our industry and in some of our geographical locations is intense, particularly for software development personnel.

 

ITEM 1A.   RISK FACTORS

 

In addition to other information in this Form 10-K, the following risk factors should be carefully considered in evaluating us and our business because these factors currently have a significant impact or may have a significant impact on our business, operating results or financial condition. Actual results could differ materially from those projected in the forward-looking statements contained in this Form 10-K as a result of the risk factors discussed below and elsewhere in this Form 10-K.

 

This excerpt taken from the VRSN 10-K filed Mar 13, 2006.

Employees

 

The following table shows a comparison of our employee headcount by function:

 

     December 31,
2005


   December 31,
2004


   December 31,
2003


Employee headcount from continuing operations:

              

Cost of revenues

   1,807    1,452    1,078

Sales and marketing

   763    656    510

Research and development

   801    408    245

General and administrative

   705    567    513
    
  
  

Total

   4,076    3,083    2,346
    
  
  

 

We have never had a work stoppage, and no U.S.-based employees are represented under collective bargaining agreements. We consider our relations with our employees to be good. Our ability to achieve our financial and operational objectives depends in large part upon our continued ability to attract, integrate, train, retain and motivate highly qualified sales, technical and managerial personnel, and upon the continued service of our senior management and key sales and technical personnel, none of whom is bound by an employment agreement. Competition for qualified personnel in our industry and in some of our geographical locations is intense, particularly for software development personnel.

 

14


Table of Contents

 

ITEM 1A.   RISK FACTORS

 

In addition to other information in this Form 10-K, the following risk factors should be carefully considered in evaluating us and our business because these factors currently have a significant impact or may have a significant impact on our business, operating results or financial condition. Actual results could differ materially from those projected in the forward-looking statements contained in this Form 10-K as a result of the risk factors discussed below and elsewhere in this Form 10-K.

 

This excerpt taken from the VRSN 8-K filed Nov 23, 2005.

5.9 Employees.

 

(a) All of the individuals identified on Schedule 5.9(a) shall have accepted employment, to be effective as of the day following the Closing Date, with Purchaser.

 

(b) At least 80% of the individuals identified on Schedule 5.9(b) shall have accepted employment, to be effective as of the day following the Closing Date, with Purchaser.

 

(c) At least 80% of the individuals identified on Schedule 5.9(c) shall have accepted employment, to be effective as of the day following the Closing Date, with Purchaser.

 

(d) At least 80% of the individuals identified on Schedule 5.9(d) shall have accepted employment, to be effective as of the day following the Closing Date, with Purchaser.

 

5.10 Termination of Contracts. Seller shall have provided Purchaser with evidence satisfactory to Purchaser as to the termination of the Contracts identified on Schedule 5.10.

 

This excerpt taken from the VRSN 10-K filed Mar 16, 2005.

Employees

 

The following table shows a comparison of our employee headcount by function:

 

     December 31, 2004

Employee headcount:

    

Cost of revenues

   1,500

Sales and marketing

   708

Research and development

   430

General and administrative

   568
    

Total

   3,206
    

 

We have never had a work stoppage, and no U.S.-based employees are represented under collective bargaining agreements. We consider our relations with our employees to be good. Our ability to achieve our financial and operational objectives depends in large part upon our continued ability to attract, integrate, train, retain and motivate highly qualified sales, technical and managerial personnel, and upon the continued service of our senior management and key sales and technical personnel, none of whom is bound by an employment agreement. Competition for qualified personnel in our industry and in some of our geographical locations is intense, particularly for software development personnel.

 

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