ADT 2002 Annual Report Download - page 181

Forward-Looking Information
Certain statements in this report are ‘‘forward-looking statements’’ within the meaning of the U.S.
Private Securities Litigation Reform Act of 1995. All forward-looking statements involve risks and
uncertainties. All statements contained herein that are not clearly historical in nature are forward-
looking, and the words ‘‘anticipate,’’ ‘‘believe,’’ ‘‘expect,’’ ‘‘estimate,’’ ‘‘project’’ and similar expressions
are generally intended to identify forward-looking statements. Any forward-looking statement contained
herein, in press releases, written statements or other documents filed with the Securities and Exchange
Commission, or in Tyco’s communications and discussions with investors and analysts in the normal
course of business through meetings, webcasts, phone calls and conference calls, regarding expectations
with respect to sales, earnings, cash flows, operating efficiencies, product expansion, backlog, the
consummation and benefits of acquisitions or other matters, as well as financings and share
repurchases, are subject to known and unknown risks, uncertainties and contingencies, many of which
are beyond our control, which may cause actual results, performance or achievements to differ
materially from anticipated results, performances or achievements. Factors that might affect such
forward-looking statements include, among other things;
• overall economic and business conditions;
• the demand for Tyco’s goods and services;
• competitive factors in the industries in which Tyco competes;
• changes in tax requirements (including tax rate changes, new tax laws and revised tax law
interpretations);
• results and consequences of Tyco’s internal investigation and governmental investigations
concerning the Company’s governance, management internal controls and operations;
• the outcome of litigation and governmental proceedings as a result of actions taken by our
former management;
• the ratings on our debt and our ability to repay or refinance our outstanding indebtedness as it
matures;
• interest rate fluctuations and other changes in borrowing costs;
• other capital market conditions, including foreign currency rate fluctuations;
• economic and political conditions in international markets, including governmental changes and
restrictions on the ability to transfer capital across borders;
• the ability to achieve anticipated synergies and other cost savings in connection with acquisitions;
• the timing, impact and other uncertainties of future acquisitions;
• potential further impairment of our goodwill;
• the impact of fluctuations in the share price of Tyco common shares;
• changes in U.S. and non-U.S. government regulations in general, and in particular changes in
rules and regulations regarding the safety, efficacy, sales, promotions, insurance reimbursement
and pricing of Tyco’s disposable medical products and other specialty products, and regarding
Tyco’s ability to operate and set prices with respect to its undersea cable communications
systems;
• impact of recent management changes;
• the possible effects on Tyco of pending legislation in the U.S., if enacted, that may limit or
eliminate potential U.S. tax benefits resulting from Tyco’s incorporation in Bermuda or that may
deny U.S. government contracts to Tyco based upon its incorporation in Bermuda; and
• the potential continuing disruption to our business and related distraction costs associated with
negative publicity and recent announcements.
179