Siemens 2011 Annual Report Download - page 252

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the performance, measurement criteria and composition of its Environmental Portfolio; the introduction of competing products
or technologies by other companies or market entries by new competitors; changing competitive dynamics (particularly in
developing markets); the risk that new products or services will not be accepted by customers targeted by Siemens; changes
in business strategy; the interruption of our supply chain, including the inability of third parties to deliver parts, components
and services on time resulting for example from natural disasters; the outcome of pending investigations, legal proceedings
and actions resulting from the findings of, or related to the subject matter of, such investigations; the potential impact of such
investigations and proceedings on Siemens’ business, including its relationships with governments and other customers; the
potential impact of such matters on Siemens’ financial statements, and various other factors. More detailed information about
certain of the risk factors affecting Siemens is contained throughout this report and in Siemens’ other 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 neither intends to, nor assumes any obligation to, update or revise these forward-looking state-
ments in light of developments which differ from those anticipated.