Siemens 2006 Annual Report Download - page 151

Management’s discussion and analysis 147
This Annual Report contains forward-looking statements and information – that is, statements
related to future, not past, events. These statements may be identified by words such as “expects,”
“anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “will,” “project” or words of simi-
lar meaning. Such statements are based on our current expectations and certain assumptions,
and are, therefore, subject to certain risks and uncertainties. A variety of factors, many of which
are beyond Siemens’ control, affect our operations, performance, business strategy and results
and could cause the actual results, performance or achievements of Siemens to be materially
different from any future results, performance or achievements that may be expressed or implied
by such forward-looking statements. For us, particular uncertainties arise, among others, from:
changes in general economic and business conditions (including margin developments in major
business areas); the challenges of integrating major acquisitions and implementing joint ventures
and other significant portfolio measures; changes in currency exchange rates and interest rates;
introduction of competing products or technologies by other companies; lack of acceptance of new
products or services by customers targeted by Siemens; changes in business strategy; the outcome
of investigations and legal proceedings as well as various other factors. More detailed information
about certain of these factors is contained in Siemens’ filings with the SEC, which are available on
the Siemens website, www.siemens.com and on the SEC’s website, www.sec.gov. Should one or
more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those described in the relevant forward-looking statement
as expected, anticipated, intended, planned, believed, sought, estimated or projected. Siemens
does not intend or assume any obligation to update or revise these forward-looking statements in
light of developments which differ from those anticipated.
Management’s discussion and analysis