MANHASSET, N.Y. — What keeps executives at large U.S. technology companies awake at night?
According to research findings released Monday (May 19) by BDO Seidman, LLP, a professional services firm, not surprisingly, "competition and consolidation in technology sector" came in as their biggest concern (92 percent).
But tech companies seem to be more worried about risks associated with international operations (85 percent) than the struggling U.S. economy (73 percent).
BDO Seidman's "2008 BDO Seidman RiskFactor Report for Technology Businesses," examined the risk factors listed in fiscal 2007 10-K U.S. Securities and Exchange Commission (SEC) filings of the largest 100 publicly-traded U.S. technology companies. Those included in the research range from software, hardware and telecom to Internet and IT services companies.
The risk factors listed in the SEC filings often revealed issues that managers are stressing to shareholders as high-priority issues requiring immediate attention.
Doug Sirotta, a partner in BDO Seidman's Technology Practice, said the findings were an "affirmation of what we already knew," adding "as tech companies move their business internationally, we get questions all the time about local regulations, tax, M&A and the impact of their outsourcing."
Sirotta also said many tech companies are alarmed by issues relating to intellectual property infringement, legal proceedings, supplier and vendor quality and product liability.
BDO Seidman's top 20 risk factors for the 100 largest U.S. Technology companies were:
