SECURITIES AND EXCHANGE COMMISSION

                             Washington, D. C. 20549


                                    FORM 8-K


                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


        Date of Report (Date of earliest event reported): February 12, 2004



                           PAR TECHNOLOGY CORPORATION
                           --------------------------
             (Exact name of registrant as specified in its charter)



   Delaware                         1-09720                    16-1434688
   --------                         -------                    ----------
(State or other                (Commission File             (I.R.S. Employer
jurisdiction of                     Number)                  incorporation or
organization)                                             Identification Number)



         PAR Technology Park
         8383 Seneca Turnpike
         New Hartford, NY                                        13413-4991
         -------------------                                     ----------
(Address of principal executive offices)                         (Zip Code)



       Registrant's telephone number, including area code: (315) 738-0600


                                 Not Applicable
                                 --------------
         (Former Name or Former Address, if changed since Last Report)



Item 12. Results of Operations and Financial Condition.

(a)  The information, including Exhibits attached hereto, in this Current Report
     is being  furnished  and shall not be deemed  "filed"  for the  purposes of
     Section 18 of the Securities and Exchange Act of 1934, or otherwise subject
     to the liabilities of that Section.  The information in this Current Report
     shall not be incorporated by reference into any  registration  statement or
     other document  pursuant to the Securities Act of 1933, as amended,  except
     as otherwise expressly stated in such filing.

(b)  On February 12, 2004,  PAR  Technology  Corporation  issued a press release
     announcing  its  results  of  operation  for the  quarterly  period  ending
     December  31,  2003.  A copy of the press  release  is  attached  hereto as
     Exhibit 99.1 and is incorporated herein by reference.


99.1 Press Release dated February 12, 2004.



                                   SIGNATURES


Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.



                                            PAR TECHNOLOGY CORPORATION
                                            --------------------------
                                                   (Registrant)




Date:  February 12, 2004


                                         /s/RONALD J. CASCIANO
                                         ---------------------------------------
                                         Ronald J. Casciano
                                         Vice President, Chief Financial Officer
                                         and Treasurer





                                  EXHIBIT INDEX


Exhibit Number                        Description
--------------                        -----------

   99.1                       Press Release dated February 12, 2004.



Exhibit 99.1


     PAR TECHNOLOGY CORPORATION REPORTS FOURTH QUARTER AND YEAR END RESULTS

              -QUARTERLY REVENUES GROW 20%

              -DILUTED EPS FROM CONTINUING OPERATIONS $0.15 vs. $0.04
               for the FOURTH QUARTER
              -COMPANY REITERATES STRONG GUIDANCE FOR 2004
         --------------------------------------------------------------
             NEW HARTFORD, NY, PAR TECHNOLOGY CORPORATION (NYSE:PTC)

(New Hartford,  NY- February 12, 2004) PAR Technology Corporation (NYSE: PTC), a
leader in providing integrated  hardware,  software and service solutions to the
restaurant/hospitality  industries,  and provider of  Government  I/T  Services,
today reported  financial results for the fourth quarter and year ended December
31, 2003.

For the fourth  quarter  ended  December 31, 2003,  PAR  Technology  Corporation
reported revenues from continuing  operations of $41.2 million compared to $34.3
million in the fourth quarter 2002, an increase of 20%.  Income from  continuing
operations was $1.3 million versus the $363,000 earned in the fourth quarter one
year ago.  The Company  reported  diluted  net income per share from  continuing
operations  of $0.15 for this past quarter,  compared to the $0.04  reported for
the same period a year earlier.

For the year ended  December  31,  2003,  PAR  Technology  Corporation  reported
revenues of $139.8 million,  a 5% increase from the $133.7 million  reported one
year ago. The Company also reported  income from  continuing  operations of $2.8
million in 2003 versus $2.6  million last year,  an increase of 6%.  Diluted net
income per share  from  continuing  operations  in 2003 was  reported  at $0.32,
compared to diluted  net income per share from  continuing  operations  of $0.32
reported for the year 2002.

The Company's net income for the quarter ended December 31, 2003 is $1.1 million
or $0.12  diluted net income per share,  compared to net income of $310,000  and
$0.04 per  share for the same  period in 2002.  Net  income  for the year  ended
December  31,  2003 was $2.4  million  or $0.27  diluted  net  income per share,
compared to net income of $741,000 and $0.09 per share for 2002.

"We are pleased  with our near record  performance  this fourth  quarter  having
weathered a difficult climate for selling software, hardware and services to the
hospitality  sector over the past year. In the last half of 2003 we  experienced
increasing  interest  and  activity  in this  sector  of our  business  which is
reflected  in product  sales being up 25% for the fourth  quarter this year over
the  corresponding  quarter  in  2002.   Additionally,   this  past  quarter  we
experienced  a 13%  increase  when  compared to fourth  quarter last year in our
Government  contracts  business  in spite of some  program  delays and a funding
hiatus in our  Logistics  Management  program,"  commented  John W. Sammon,  PAR
Chairman and CEO. "The results we are announcing  today  demonstrate the success
of our vision and our  decisiveness  on what needed to be done to  continue  the
Company's path of consistent growth and profitability."

Sammon continued,  "We continue to be confident about our 2004 performance.  Our
industry  position  and  customer  portfolio  will enable us to increase  sales.
Additionally,  our  current  structure  and market  position  will  enable us to
further improve our earnings."

This  release  contains  forward-looking  statements  concerning  the  Company's
strategic plans, market opportunities, cash flows, liquidity, and future growth.
These forward  looking  statements  are neither  promises nor guarantees but are
subject to risks and  uncertainties  that could cause  actual  results to differ
materially  from those set forth in the forward  looking  statements,  including
without limitation, risks in technology development and commercialization, risks
in product  development  and market  acceptance  of and demand for the Company's
products,  risks of downturns in economic conditions generally, and in the quick
service  sector of the restaurant  market  specifically,  risks of  intellectual
property  rights and  litigation,  risks  associated with foreign sales and high
customer  concentration  and other risks detailed in the Company's  filings with
the Securities and Exchange  Commission.  The Company cautions  investors not to
place undue  reliance on these  statements,  which are currently  only as of the
date of this  release.  The  Company  disclaims  any  obligation  to  update  or
supplement these statements as a result of changing circumstances or otherwise.

PAR is a leading  provider of  professional  services  and  enterprise  business
intelligence  hardware and software systems. PAR is the world's largest supplier
of Restaurant  Enterprise  solutions to the quick service restaurant market with
over 35,000  systems  installed  in over 95  countries.  Additionally,  PAR is a
leader in providing computer based system design and engineering services to the
Department  of Defense and other Federal  Government  Agencies.  PAR  Technology
Corporation's  stock is traded on the New York Stock  Exchange  under the symbol
PTC. For more information on PAR visit the Company's website at www.partech.com.

                   PAR TECHNOLOGY CORPORATION AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS
                       (In Thousands Except Share Amounts)
                                   (Unaudited)

                                                                December 31,
                                                          ----------------------
                                                             2003         2002
                                                          ----------------------
Assets
Current Assets:
     Cash ............................................    $  1,467     $    490
     Accounts receivable-net .........................      31,876       25,843
     Inventories-net .................................      31,894       34,274
     Deferred income taxes ...........................       6,486        5,766
     Other current assets ............................       2,472        2,638
     Total assets of discontinued operation ..........          20           59
                                                          --------     --------
         Total current assets ........................      74,215       69,070

Property, plant and equipment - net ..................       7,240        8,455
Deferred income taxes ................................       2,857        4,386
Other assets .........................................       2,855        3,211
                                                          --------     --------
                                                          $ 87,167     $ 85,122
                                                          ========     ========

Liabilities and Shareholders' Equity
Current Liabilities:
     Current portion of long-term debt ...............    $     89     $     85
     Borrowings under lines of credit ................       6,989        9,549
     Accounts payable ................................       8,301        8,371
     Accrued salaries and benefits ...................       5,461        4,615
     Accrued expenses ................................       2,471        2,077
     Deferred service revenue ........................       5,947        6,704
     Total liabilities of discontinued operation .....         578          342
                                                          --------     --------
         Total current liabilities ...................      29,836       31,743
                                                          --------     --------
Long-term debt .......................................       2,092        2,181
                                                          --------     --------
Shareholders' Equity:
     Preferred stock, $.02 par value,
       1,000,000 shares authorized ...................        --           --
     Common stock, $.02 par value,
       19,000,000 shares authorized;
        9,966,062 and 9,770,262 shares issued
        8,555,375 and 8,359,575 outstanding ..........         199          195
     Capital in excess of par value ..................      29,761       28,926
     Retained earnings ...............................      32,375       29,946
     Accumulated other comprehensive loss ............         (43)        (816)
       Treasury stock, at cost,
         1,410,687 shares ............................      (7,053)      (7,053)
                                                          --------     --------
         Total shareholders' equity ..................      55,239       51,198
                                                          --------     --------
                                                          $ 87,167     $ 85,122
                                                          ========     ========




                   PAR TECHNOLOGY CORPORATION AND SUBSIDIARIES
                        CONSOLIDATED STATEMENTS OF INCOME
                     (In Thousands Except Per Share Amounts)
                                   (Unaudited)


                                                  For the three months       For the year ended
                                                   ended December 31,           December 31,
                                                ------------------------------------------------
                                                    2003         2002         2003        2002
                                                ------------------------------------------------
                                                                           
Net revenues:
     Product ................................   $  19,276    $  15,420    $  60,223    $  59,153
     Service ................................      10,658        8,887       37,865       36,553
     Contract ...............................      11,277        9,956       41,682       37,975
                                                ---------    ---------    ---------    ---------
                                                   41,211       34,263      139,770      133,681
                                                ---------    ---------    ---------    ---------
Costs of sales:
     Product ................................      12,215       10,008       39,024       39,643
     Service ................................       9,351        7,412       32,140       30,081
     Contract ...............................      10,557        9,469       39,613       35,501
                                                ---------    ---------    ---------    ---------
                                                   32,123       26,889      110,777      105,225
                                                ---------    ---------    ---------    ---------

           Gross margin .....................       9,088        7,374       28,993       28,456
                                                ---------    ---------    ---------    ---------
Operating expenses:
     Selling, general and administrative ....       5,527        5,568       19,340       19,540
     Research and development ...............       1,471        1,408        5,310        5,400
                                                ---------    ---------    ---------    ---------
                                                    6,998        6,976       24,650       24,940
                                                ---------    ---------    ---------    ---------
Operating income from continuing operations .       2,090          398        4,343        3,516
Other income, net ...........................         133          251          582          815
Interest expense ............................        (128)        (164)        (540)        (824)
                                                ---------    ---------    ---------    ---------

Income from continuing operations before
  provision for income taxes ................       2,095          485        4,385        3,507
Provision for income taxes ..................        (768)        (122)      (1,593)        (884)
                                                ---------    ---------    ---------    ---------
Income from continuing operations ...........       1,327          363        2,792        2,623
                                                ---------    ---------    ---------    ---------
Discontinued operations:
     Loss from operations of
        discontinued component (including
        loss on disposal of $830,000 in 2002)        (390)         (70)        (570)      (2,516)
     Income tax benefit .....................         142           17          207          634
                                                ---------    ---------    ---------    ---------
     Loss on discontinued operations ........        (248)         (53)        (363)      (1,882)
                                                ---------    ---------    ---------    ---------
Net income ..................................   $   1,079    $     310    $   2,429    $     741
                                                =========    =========    =========    =========


                   PAR TECHNOLOGY CORPORATION AND SUBSIDIARIES
                        CONSOLIDATED STATEMENTS OF INCOME
                                   (Continued)
                     (In Thousands Except Per Share Amounts)
                                   (Unaudited)


                                        For the three months    For the year
                                         ended December 31,   ended December 31,
                                        ---------------------------------------
                                           2003     2002     2003      2002
                                        ---------------------------------------

Earnings per share:
Basic:
     Income from continuing operations   $  .16   $  .05    $  .33    $   .33
     Loss from discontinued operations   $ (.03)  $ (.01)   $ (.04)   $  (.24)
           Net income ................   $  .13   $  .04    $  .29    $   .09
Diluted:
     Income from continuing operations   $  .15   $  .04    $  .32    $   .32
     Loss from discontinued operations   $ (.03)  $ (.01)   $ (.04)   $  (.23)
           Net income ................   $  .12   $  .04    $  .27        .09
Weighted average shares outstanding
     Basic ...........................    8,509    8,060     8,438      7,934
                                         ======   ======    ======     ======
     Diluted .........................    8,990    8,594     8,861      8,315
                                         ======   ======    ======     ======