Home
Jump to Risk Factors
Jump to Industries
Jump to Exposures
Jump to Event Codes
Jump to Wiki Summary

Industries
Investment Banking and Brokerage
Asset Management and Custody Banks
Automobiles and Components
Electrical Components and Equipment
Advertising
Health Care Distribution and Services
Construction and Engineering
Technology Hardware Storage and Peripherals
Information Technology
Technology Hardware and Equipment
Automobile Manufacturers
Motorcycle Manufacturers
Food Distributors
Trading Companies and Distributors
Human Resource and Employment Services

Exposures
Military
Regime
Provide
Express intent
Political reform
Cooperate
Rights

Event Codes
Solicit support
Accident
Military blockade
Yield to order
Reject
Yield
Propose
Adjust
Warn
Host meeting
Release or return
Acknowledge responsibility
Empathize
Yield position
Endorse
Decline comment
Force
Agree

Wiki	Wiki Summary
Arithmetic	Arithmetic (from Ancient Greek ἀριθμός (arithmós) 'number', and τική [τέχνη] (tikḗ [tékhnē]) 'art, craft') is an elementary part of mathematics that consists of the study of the properties of the traditional operations on numbers—addition, subtraction, multiplication, division, exponentiation, and extraction of roots. In the 19th century, Italian mathematician Giuseppe Peano formalized arithmetic with his Peano axioms, which are highly important to the field of mathematical logic today.
Operation Mincemeat	Operation Mincemeat was a successful British deception operation of the Second World War to disguise the 1943 Allied invasion of Sicily. Two members of British intelligence obtained the body of Glyndwr Michael, a tramp who died from eating rat poison, dressed him as an officer of the Royal Marines and placed personal items on him identifying him as the fictitious Captain (Acting Major) William Martin.
Operations management	Operations management is an area of management concerned with designing and controlling the process of production and redesigning business operations in the production of goods or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as few resources as needed and effective in meeting customer requirements.
Operations research	Operations research (British English: operational research), often shortened to the initialism OR, is a discipline that deals with the development and application of advanced analytical methods to improve decision-making. It is sometimes considered to be a subfield of mathematical sciences.
Emergency operations center	An emergency operations center (EOC) is a central command and control facility responsible for carrying out the principles of emergency preparedness and emergency management, or disaster management functions at a strategic level during an emergency, and ensuring the continuity of operation of a company, political subdivision or other organization.\nAn EOC is responsible for strategic direction and operational decisions and does not normally directly control field assets, instead leaving tactical decisions to lower commands.
Jason Pomeroy	Jason Pomeroy is an architect, academic, author He is the founder of sustainable design firm Pomeroy Studio and sustainable educator Pomeroy Academy.\n\n\n== Life ==\nPomeroy studied at the Canterbury School of Architecture, took a master's degree at the University of Cambridge, and a PhD from the University of Westminster with a thesis titled ‘Skycourts and skygardens: towards a vertical urban theory’.He teaches at James Cook University in Singapore at the Università Iuav di Venezia in Italy, at the University of Nottingham and the University of Cambridge in the United Kingdom.
Wardell Pomeroy	Wardell Baxter Pomeroy (December 6, 1913 – September 6, 2001) was an American sexologist. He was a frequent co-author with Alfred C. Kinsey.
Mergers and acquisitions	In corporate finance, mergers and acquisitions (M&A) are transactions in which the ownership of companies, other business organizations, or their operating units are transferred or consolidated with other entities. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position.
Problem management	Problem management is the process responsible for managing the lifecycle of all problems that happen or could happen in an IT service. The primary objectives of problem management are to prevent problems and resulting incidents from happening, to eliminate recurring incidents, and to minimize the impact of incidents that cannot be prevented.
Risk management	Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities.\nRisks can come from various sources including uncertainty in international markets, threats from project failures (at any phase in design, development, production, or sustaining of life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause.
Automotive industry	The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles. It is one of the world's largest industries by revenue (from 16 % such as in France up to 40 % to countries like Slovakia).
Australian Government	The Australian Government, also known as the Commonwealth Government, is the national government of Australia, a federal parliamentary constitutional monarchy. Like other Westminster-style systems of government, the Australian Government is made up of three branches: the executive (the prime minister, the ministers, and government departments), the legislative (the Parliament of Australia), and the judicial.
Federal government of the United States	The federal government of the United States (U.S. federal government or U.S. government) is the national government of the United States, a federal republic in North America, composed of 50 states, a city within a federal district (the city of Washington in the District of Columbia, where the entire federal government is based), five major self-governing territories and several island possessions. The federal government is composed of three distinct branches: legislative, executive, and judicial, whose powers are vested by the U.S. Constitution in the Congress, the president and the federal courts, respectively.
Borne government	The Borne government is the forty-third and current government of the French Fifth Republic, formed on 16 May 2022 and headed by Élisabeth Borne as Prime Minister under the presidency of Emmanuel Macron.\n\n\n== Context ==\n\n\n=== Formation ===\nOn 16 May 2022, Jean Castex tendered the resignation of his government to the President of the Republic.
Government of Canada	The government of Canada (French: gouvernement du Canada) is the body responsible for the federal administration of Canada. A constitutional monarchy, the Crown is the corporation sole, assuming distinct roles: the executive, as the Crown-in-Council; the legislature, as the Crown-in-Parliament; and the courts, as the Crown-on-the-Bench.
Factoring (finance)	Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount. A business will sometimes factor its receivable assets to meet its present and immediate cash needs.
Receivables turnover ratio	Receivable Turnover Ratio or Debtor's Turnover Ratio is an accounting measure used to measure how effective a company is in extending credit as well as collecting debts. The receivables turnover ratio is an activity ratio, measuring how efficiently a firm uses its assets.Formula:\n\n \n \n \n \n R\n e\n c\n e\n i\n v\n a\n b\n l\n e\n \n T\n u\n r\n n\n o\n v\n e\n r\n \n R\n a\n t\n i\n o\n \n =\n \n \n \n N\n e\n t\n \n r\n e\n c\n e\n i\n v\n a\n b\n l\n e\n \n s\n a\n l\n e\n s\n \n \n A\n v\n e\n r\n a\n g\n e\n \n n\n e\n t\n \n r\n e\n c\n e\n i\n v\n a\n b\n l\n e\n s\n \n \n \n \n \n {\displaystyle \mathrm {Receivable\ Turnover\ Ratio} ={\mathrm {Net\ receivable\ sales} \over \mathrm {Average\ net\ receivables} }}\n A high ratio implies either that a company operates on a cash basis or that its extension of credit and collection of accounts receivable is efficient.
PRA Group	PRA Group, Inc. is a publicly traded global debt buyer based in Norfolk, Virginia.
Securitization	Securitization is the financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations (or other non-debt assets which generate receivables) and selling their related cash flows to third party investors as securities, which may be described as bonds, pass-through securities, or collateralized debt obligations (CDOs). Investors are repaid from the principal and interest cash flows collected from the underlying debt and redistributed through the capital structure of the new financing.
Bit numbering	In computing, bit numbering is the convention used to identify the bit positions in a binary number.\n\n\n== Bit significance and indexing ==\n\nIn computing, the least significant bit (LSB) is the bit position in a binary integer representing the binary 1s place of the integer.
Significant form	Significant form refers to an aesthetic theory developed by English art critic Clive Bell which specified a set of criteria for what qualified as a work of art.
Significant Others	The term significant other (SO) has different uses in psychology and in colloquial language. Colloquially "significant other" is used as a gender-neutral term for a person's partner in an intimate relationship without disclosing or presuming anything about marital status, relationship status, gender identity, or sexual orientation.
Company	A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals.
Strengths and weaknesses (personality)	Strengths and weaknesses generally refer to a person's character.\nOften a strength can be a weakness, and vice versa, a weakness can be a strength.
SWOT analysis	Spot analysis, spot test analysis, or spot test is a chemical test, a simple and efficient technique where analytic assays are executed in only one, or a few drops, of a chemical solution, preferably in a great piece of filter paper, without using any sophisticated instrumentation. The development and popularization of the test is credited to Fritz Feigl.A spot test or spot assay can also refer to a test often used in microbiology.
Alcoholism	Alcoholism is, broadly, any drinking of alcohol that results in significant mental or physical health problems. Because there is disagreement on the definition of the word alcoholism, it is not a recognized diagnostic entity.
Substance dependence	Substance dependence, also known as drug dependence, is a biopsychological situation whereby an individual's functionality is dependent on the necessitated re-consumption of a psychoactive substance because of an adaptive state that has developed within the individual from psychoactive substance consumption that results in the experience of withdrawal and that necessitates the re-consumption of the drug. A drug addiction, a distinct concept from substance dependence, is defined as compulsive, out-of-control drug use, despite negative consequences.
Path dependence	Path dependence is a concept in economics and the social sciences, referring to processes where past events or decisions constrain later events or decisions. It can be used to refer to outcomes at a single point in time or to long-run equilibria of a process.
Physical dependence	Physical dependence is a physical condition caused by chronic use of a tolerance-forming drug, in which abrupt or gradual drug withdrawal causes unpleasant physical symptoms. Physical dependence can develop from low-dose therapeutic use of certain medications such as benzodiazepines, opioids, antiepileptics and antidepressants, as well as the recreational misuse of drugs such as alcohol, opioids and benzodiazepines.
Tail dependence	In probability theory, the tail dependence of a pair of random variables is a measure of their comovements in the tails of the distributions. The concept is used in extreme value theory.
Manufacturers Hanover Corporation	Manufacturers Hanover Corporation was the bank holding company formed as parent of Manufacturers Hanover Trust Company, a large New York bank formed by a merger in 1961. After 1969, Manufacturers Hanover Trust became a subsidiary of Manufacturers Hanover Corporation.
Prenuptial agreement	A prenuptial agreement, antenuptial agreement, or premarital agreement (commonly referred to as a prenup), is a written contract entered into by a couple prior to marriage or a civil union that enables them to select and control many of the legal rights they acquire upon marrying, and what happens when their marriage eventually ends by death or divorce. Couples enter into a written prenuptial agreement to supersede many of the default marital laws that would otherwise apply in the event of divorce, such as the laws that govern the division of property, retirement benefits, savings, and the right to seek alimony (spousal support) with agreed-upon terms that provide certainty and clarify their marital rights.
Master service agreement	A master service agreement, sometimes known as a framework agreement, is a contract reached between parties, in which the parties agree to most of the terms that will govern future transactions or future agreements.\nA master agreement delineates a schedule of lower-level service agreements, permitting the parties to quickly enact future transactions or agreements, negotiating only the points specific to the new transactions and relying on the provisions in the master agreement for common terms.
TRIPS Agreement	The Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) is an international legal agreement between all the member nations of the World Trade Organization (WTO). It establishes minimum standards for the regulation by national governments of different forms of intellectual property (IP) as applied to nationals of other WTO member nations.
Entity–relationship model	An entity–relationship model (or ER model) describes interrelated things of interest in a specific domain of knowledge. A basic ER model is composed of entity types (which classify the things of interest) and specifies relationships that can exist between entities (instances of those entity types).

Risk Factors
POMEROY IT SOLUTIONS INC Item 1A Risk Factors 9 ITEM 1A RISK FACTORS The following factors, among others, are likely to affect Pomeroyapstas operations and financial results and should be considered in evaluating Pomeroyapstas outlook
Growth and Future Acquisitions - --------------------------------- In the past, Pomeroy has grown both internally and through acquisitions
Pomeroy continues to focus on customer satisfaction as well as execution of its market development and penetration strategies
Pomeroyapstas business strategy is to continue to grow both internally and through acquisitions
There can be no assurance that, in the future, Pomeroy will be successful in repeating the growth experienced in prior years
Pomeroy expects future growth will result from acquisitions in addition to organic growth
In fiscal 2004, Pomeroy completed one acquisition and continues to evaluate expansion and acquisition opportunities that would complement its ongoing operations
As part of Pomeroyapstas growth strategy, it plans to continue to make investments in complementary companies, assets and technologies, although there can be no assurance that Pomeroy will be able to identify, acquire or profitably manage additional companies or successfully integrate such additional companies into Pomeroy without substantial costs, delays or other problems
In addition, there can be no assurance that companies acquired in the future will be profitable at the time of their acquisition or will achieve levels of profitability that justify the investment therein
Acquisitions may involve a number of special risks, including, but not limited to, adverse short-term effects on Pomeroyapstas reported operating results, disrupting ongoing business and distracting management and employees, incurring debt to finance acquisitions or issuing equity securities which could be dilutive to existing stockholders, dependence on retaining, hiring and training key personnel, incurring unanticipated problems or legal liabilities and amortization of acquired intangible assets
Some or all of these special risks could have a material adverse effect on Pomeroyapstas operations and financial results
Vendor Receivables - ------------------- Any change in the level of vendor rebates or manufacturer market development funds offered by manufacturers that results in the reduction or elimination of rebates or manufacturer market development funds currently received by Pomeroy could have a material adverse effect on Pomeroyapstas operations and financial results
In particular, a reduction or elimination of rebates related to government and educational customers could adversely affect Pomeroyapstas ability to serve those customers profitably
In addition, there are specific risks, discussed below, related to the individual components of vendor receivables that include vendor rebates, manufacturer market development funds and warranty receivables
The determination of an appropriate allowance is based on the deterioration in the aging of the vendor receivables, the expected resolution of the disallowed claims (see primary reasons for vendor rebate claims being disallowed in &quote Vendor Rebates &quote below) and the general posture of the OEMs regarding resolution
Vendor Rebates --------------- The most significant component of vendor receivables is vendor rebates
Vendor rebate programs are developed by OEMs allowing them to modify product pricing on a case-by-case basis (generally determined by individual customers) to maintain their competitive edge on specific transactions
Pomeroy contacts the OEM to request a rebate for a specific transaction, and if approved, the OEM provides Pomeroy with a document authorizing a rebate to be paid to Pomeroy at a later date when a claim is filed
If the business is won, Pomeroy records the sale and the cost of the sale is reduced by the amount of the rebate, which is recorded as a vendor receivable
Rebate programs involve a complex set of rules varying by manufacturer
As a result of the rules and complexity of applying the rules to each item sold, claims are often rejected and require multiple submissions before credit is given resulting in longer aging of vendor receivables than other types of receivables
In addition, sometimes a claim is rejected altogether and no credit is given
Primary reasons for claims being disallowed and corresponding re-files include serial number issues (missing, incomplete, transposed, data base match-up discrepancies, etc), pricing issues (dispute in calculation of rebate amounts) and other missing or incomplete documentation (bid letters, customer information, etc) Pomeroy has made substantial process and system enhancements geared towards minimizing refiling rebate claims, but there is no assurance that Pomeroy will be able to successfully claim all of the vendor rebates that were passed along to the customers in a form of a reduction in sales price
Pomeroy has written off vendor receivables in the past and may do so in the future
9 Manufacturer Market Development Funds ---------------------------------------- Several manufacturers offer market development funds, cooperative advertising and other promotional programs to distribution channel partners
Pomeroy utilizes these programs to fund some of its advertising and promotional programs
While such programs have been available to the Company in the past, there is no assurance that these programs will be continued
Warranty Receivables --------------------- The Company performs warranty service work on behalf of the OEM on customer product
Any labor cost or replacement parts needed to repair the product is reimbursable to Pomeroy by the OEM It is the Companyapstas responsibility to file for and collect these claims
The inability of the Company to properly track and document these claims could result in the loss of reimbursements
Management Information System - ------------------------------- Pomeroy relies upon the accuracy and proper utilization of its management information system to provide timely distribution services, manage its inventory, track vendor receivables and track its financial information
To manage its growth, Pomeroy is continually evaluating the adequacy of its existing systems and procedures
Pomeroy selected a CRM and Professional Service Management system in the third quarter of 2002 and deployed the solution in phases throughout 2003
In 2004 and 2005, the Company invested in software products and process engineering to accommodate greater revenue volume and enhance efficiencies in many service areas including remote service desk, outsourcing and staff augmentation offerings
Pomeroy anticipates that it will regularly need to make capital expenditures to upgrade and modify its management information system, including software and hardware, as Pomeroy grows and the needs of its business change
There can be no assurance that Pomeroy will anticipate all of the demands which expanding operations may place on its management information system
The occurrence of a significant system failure or Pomeroyapstas failure to expand or successfully implement its systems could have a material adverse effect on Pomeroyapstas operations and financial results
Material Weaknesses in Internal Control over Financial Reporting - ---------------------------------------------------------------- Pomeroy faces certain risks in connection with the material weaknesses it has identified in its internal control over financial reporting (See Item 9A)
The material weaknesses identified for fiscal years 2004 and 2005 contributed to the delay in Pomeroyapstas filing of the quarterly report on Form 10-Q for the third quarter of fiscal 2005 and the restatements of the quarterly results for the first and second quarters of fiscal 2005
Pomeroy has to complete the identification and implementation of modifications to controls and procedures needed to remediate the material weaknesses
Pomeroy cannot be certain of the timing of completion of the remedial measures and there can be no assurance that the measures that it has taken or plans to take will sufficiently and satisfactorily remediate the material weaknesses
Further, these efforts have, and may continue to, increase costs and divert managementapstas attention away from operating our business
In the future, if the controls assessment process required by Section 404 of the Sarbanes-Oxley Act reveals further material weaknesses or significant deficiencies, the correction of such material weaknesses or deficiencies could require additional remedial measures that could be costly and time-consuming
In addition, the discovery of further material weaknesses could also require the restatement of prior period operating results
If Pomeroy continues to experience material weaknesses in its internal control over financial reporting, Pomeroy could lose investor confidence in the accuracy and completeness of its financial reports, which would have an adverse effect on its stock price
If Pomeroy is unable to provide reliable and timely financial reports, its business and prospects could suffer material adverse effects
For example, under Pomeroyapstas current credit facility, financial statements must be presented in a timely manner
An event of default could adversely affected Pomeroyapstas ability to obtain financing on acceptable terms
Dependence on Technical Employees - ------------------------------------ The future success of Pomeroyapstas services business depends in large part upon the Companyapstas ability to attract and retain highly skilled technical employees in competitive labor markets
There can be no assurance that Pomeroy will be able to attract and retain sufficient numbers of skilled technical employees
The loss of a significant number of Pomeroyapstas existing technical personnel or difficulty in hiring or retaining technical personnel in the future could have a material adverse effect on the Companyapstas operations and financial results
Inventory Management - --------------------- Rapid product improvement and technological change resulting in relatively short product life cycles and rapid product obsolescence characterize the information technology industry
While most of the inventory stocked by Pomeroy is for specific customer orders, inventory devaluation or obsolescence could have a material adverse effect on Pomeroyapstas operations and financial results
Current industry practice among manufacturers is to provide price protection intended to reduce the risk of inventory devaluation, although such policies are subject to change at any time and there can be no assurance that such price protection will be available to Pomeroy in the future
In prior fiscal years, many manufacturers reduced the number of days for which they provided price protection
During fiscal 2004, most of the reductions stabilized, however, current terms and conditions remain subject to change
In addition to the price protection mentioned above, subject to certain limitations, Pomeroy currently has the option of returning inventory to certain manufacturers and distributors
The amount of inventory that can be returned to manufacturers without a restocking fee varies under Pomeroyapstas agreements and such return policies may provide only limited protection against excess inventory
There can be no assurance that new product developments will not have a material adverse effect on the value of the Companyapstas inventory or that the Company will successfully manage its existing and future inventory
In addition, Pomeroy stocks parts inventory for its services business
Parts inventory is more likely to experience a decrease in valuation as a result of technological change and obsolescence
Price protection practices are not ordinarily offered by manufacturers with respect to service parts
10 Dependence on Vendor Relationships - ------------------------------------- The Companyapstas current and future success depends, in part, on its relationships with leading hardware and software vendors and on its status as an authorized service provider
Pomeroy is currently authorized to service the products of many industry-leading hardware, software and internetworking product vendors
Without these relationships, the Company would be unable to provide its current range of services, principally warranty services
The Company may not be able to maintain, or attract new relationships with the computer hardware and software vendors that it believes are necessary for their business
Since Pomeroy utilizes vendor relationships as a marketing tool, any negative change in these relationships could adversely affect its financial condition and results of operations while it seeks to establish alternative relationships
In general, authorization agreements with vendors include termination provisions, some of which are immediate
The Company cannot assure that vendors will continue to authorize it as an approved service provider
In addition, the Company cannot assure that vendors, which introduce new products, will authorize it as an approved service provider for such new products
Significant product supply shortages have resulted from time to time because manufacturers have been unable to produce sufficient quantities of certain products to meet demand
The Company expects to experience some difficulty in obtaining an adequate supply of products from its major vendors, which may result in delays in completing sales
The loss of any vendor relationship, product line, or product shortage could reduce the supply and increase costs of products sold by Pomeroy and adversely impact the Companyapstas competitive position
Pricing Pressures - ------------------ Pomeroy believes its prices and delivery terms are competitive; however, certain competitors may offer more aggressive pricing to their customers
The Company has experienced and expects continued pricing pressure due to industry consolidation and the efforts of manufacturers to sell directly to Pomeroyapstas customers
In addition, the general weakness in the US economy has impacted Pomeroyapstas business
In an attempt to stimulate sales to existing and new customers, the Company believes that pricing pressures may increase in the future, which could require the Company to reduce prices, which may have an adverse impact on its operating results
Decreasing prices of Pomeroyapstas products and services offerings will require the Company to sell a greater number of products and services to achieve the same level of net sales and gross profit
Government Contracts - -------------------- A portion of Pomeroyapstas revenue is derived from contracts with state and local governments and government agencies
In the event of a dispute, the Company would have limited recourse against the government or government agency
Furthermore, future statutes and/or regulations may reduce the profitability of such contracts
In addition, certain of the Companyapstas government contracts have no contractual limitation of liability for damages resulting from the provision of services
Dependence on Major Customers - -------------------------------- During fiscal 2005, approximately 27dtta7prca of Pomeroyapstas total net sales and revenues were derived from its top 10 customers
No customer accounted for more than 10prca of Pomeroyapstas total net sales and revenues
The loss of one or more significant customers could have a material adverse impact on the Companyapstas operating results
Dependence on Key Personnel - ------------------------------ The success of Pomeroy is dependent on the services of Stephen E Pomeroy, President and Chief Executive Officer of the Company and other key personnel
The loss of the services of Stephen E Pomeroy, or other key personnel could have a material adverse effect on Pomeroyapstas business
Pomeroy has entered into employment agreements with certain of its key personnel, including Stephen E Pomeroy
Pomeroyapstas success and plans for future growth will also depend on its ability to attract and retain highly skilled personnel in all areas of its business
Stock Price - ------------ Pomeroyapstas stock price is affected by a number of factors, including quarterly variations in revenue, gross profit and operating income, general economic and market conditions, and estimates and projections by the investment community
As a result, Pomeroyapstas common stock may fluctuate in market price