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Editor's notes: Any endpoint for Par's software business will result in a cleaner, more profitable company. Investors would do well to take a long position at this point.

PAR Technology (PAR) has had a rough go at developing its software business, which has put pressure on its stock as it has been unable to reach profitability. But 2014 is a key year for this business; it will be the year in which the company is either successful in implementing its software technology, or chooses to cut down its investment in this segment. But when we take a look at the value of the company's pieces, we see that investors have already discounted all of the value out of the software business. As we will show in this article, whether or not the software business is successful, the actions that take place in 2014 will return the...

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