America Online 2010 Annual Report Download - page 5

Table of Contents
CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS
This Annual Report on Form 10-K ("Annual Report") contains certain "forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995 regarding business strategies, market potential, future financial performance and other matters. Words such as "anticipates,"
"estimates," "expects," "projects," "forecasts," "intends," "plans," "will," "believes" and words and terms of similar substance used in connection with any
discussion of future operating or financial performance identify forward-looking statements. These forward-looking statements are based on management's
current expectations and beliefs about future events. As with any projection or forecast, they are inherently susceptible to uncertainty and changes in
circumstances. Except as required by law, we are under no obligation to, and expressly disclaim any obligation to, update or alter any forward-looking
statements whether as a result of such changes, new information, subsequent events or otherwise.
Various factors could adversely affect our operations, business or financial results in the future and cause our actual results to differ materially from
those contained in the forward-looking statements, including those factors discussed in detail in "Item 1A—Risk Factors". In addition, we operate a web
services company in a highly competitive, rapidly changing and consumer and technology-driven industry. This industry is affected by government
regulation, economic, strategic, political and social conditions, consumer response to new and existing products and services, technological developments and,
particularly in view of new technologies, the continued ability to protect intellectual property rights. Our actual results could differ materially from
management's expectations because of changes in such factors.
Further, lower than expected market valuations associated with our cash flows and revenues may result in our inability to realize the value of recorded
intangibles and goodwill. In addition, achieving our business and financial objectives, including growth in operations and maintenance of a strong balance
sheet and liquidity position, could be adversely affected by the factors discussed or referenced in "Item 1A—Risk Factors" as well as, among other things:
• changes in our plans, strategies and intentions;
• our ability to attract and retain key employees;
• the success of any cost reductions, restructuring actions or similar efforts, including with respect to any associated savings, charges or other
amounts;
• the impact of significant acquisitions, dispositions and other similar transactions;
• the failure to meet earnings expectations;
• asset impairments;
• decreased liquidity in the capital markets;
• our ability to access the capital markets for debt securities or bank financings; and
• the impact of "cyber warfare" or terrorist acts and hostilities.
References in this Annual Report to "we," "us," the "Company," and "AOL" refer to AOL Inc., a Delaware corporation.
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