DIRECTV 2003 Annual Report Download - page 8

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THE DIRECTV GROUP, INC.
CAUTIONARY STATEMENT FOR PURPOSE OF THE “SAFE HARBOR” PROVISIONS
OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This Annual Report on Form 10-K may contain certain statements that The DIRECTV Group, Inc., or the
Company, believes are, or may be considered to be, “forward-looking statements” within the meaning of various
provisions of the Securities Act of 1933 and of the Securities Exchange Act of 1934. These forward-looking
statements generally can be identified by use of statements that include phrases such as we “believe,” “expect,”
“estimate,” “anticipate,” “intend,” “plan,” “foresee,” “project” or other similar words or phrases. Similarly,
statements that describe our objectives, plans or goals also are forward-looking statements. All of these forward-
looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially
from historical results or from those expressed or implied by the relevant forward-looking statement. Risk factors
which could cause actual performance and future actions to differ materially from forward-looking statements
made herein include, but are not limited to, economic conditions; product demand and market acceptance; ability
to simplify aspects of our business model; improve customer service; create new and desirable programming
content and interactive features; achieve anticipated economies of scale; government action; local political or
economic developments in or affecting countries where the Company has operations, including political,
economic and social uncertainties in many Latin American countries in which DIRECTV Latin America, LLC
operates; foreign currency exchange rates; ability to obtain export licenses; competition; the outcome of legal
proceedings; ability to achieve cost reductions; ability to timely perform material contracts; ability to renew
programming contracts under favorable terms; technological risk; limitations on access to distribution channels;
the success and timeliness of satellite launches; in-orbit performance of satellites; loss of uninsured satellites;
ability of customers to obtain financing; and the Company’s ability to access capital to maintain its financial
flexibility.
Readers are urged to consider these factors carefully in evaluating the forward-looking statements. The
forward-looking statements included in this Annual Report are made only as of the date of this Annual Report
and the Company undertakes no obligation to publicly update these forward-looking statements to reflect
subsequent events or circumstances.
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