Question: Hypercom Corporation is a provider of electronic card payment te
Hypercom Corporation is a provider of electronic card payment terminals, peripherals, network products, and software. In its 2008 annual report, it reported current and long-term deferred tax assets totaling about $61 million. The company also reported valuation allowances totaling about $61 million. What would motivate Hypercom to have a valuation allowance almost equal to its deferred tax assets?
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