ADT 2006 Annual Report Download - page 131

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 SEC, or in Tyco’s
communications and discussions with investors and analysts in the normal course of business through
meetings, web casts, 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 and divestitures, the Proposed Separation or other matters, as well as financings and
repurchases of debt or equity securities, are subject to known and unknown risks, uncertainties and
contingencies. Many of these risks, uncertainties and contingencies are beyond our control, and may
cause actual results, performance or achievements to differ materially from anticipated results,
performance 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 senior corporate management;
• effect of income tax audit settlements;
• the ratings on our debt and our ability to repay or refinance our outstanding indebtedness as it
matures;
• our ability to operate within the limitations imposed by financing arrangements and to maintain
our credit ratings;
• interest rate fluctuations and other changes in borrowing costs;
• other capital market conditions, including foreign currency rate fluctuations;
• availability of and fluctuations in the prices of key raw materials, including steel;
• economic and political conditions in international markets, including governmental changes and
restrictions on the ability to transfer capital across borders;
• the ability to achieve cost savings in connection with the Company’s strategic restructuring and
Six Sigma initiatives;
• potential further impairment of our goodwill and/or our long-lived assets;
• the impact of fluctuations in the 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, as well as
2006 Financials 69