Nokia 2005 Annual Report Download - page 7

• the outcome of pending and threatened litigation; and
• statements preceded by ‘‘believe,’’ ‘‘expect,’’ ‘‘anticipate,’’ ‘‘foresee,’’ ‘‘target’’ or similar
expressions
are forward-looking statements.
Because these statements involve risks and uncertainties, actual results may differ materially from
the results that we currently expect. Factors that could cause these differences include, but are not
limited to:
• the extent of the growth of the mobile communications industry, as well as the growth and
profitability of the new market segments within that industry which we target;
• the availability of new products and services by network operators and other market
participants;
• our ability to identify key market trends and to respond timely and successfully to the
needs of our customers;
• the impact of changes in technology and our ability to develop or otherwise acquire
complex technologies as required by the market, with full rights needed to use;
• competitiveness of our product portfolio;
• timely and successful commercialization of new advanced products and solutions;
• price erosion and cost management;
• the intensity of competition in the mobile communications industry and our ability to
maintain or improve our market position and respond to changes in the competitive
landscape;
• our ability to manage efficiently our manufacturing and logistics, as well as to ensure the
quality, safety, security and timely delivery of our products and solutions;
• inventory management risks resulting from shifts in market demand;
• our ability to source quality components without interruption and at acceptable prices;
• our success in collaboration arrangements relating to development of technologies or new
products and solutions;
• the success, financial condition and performance of our collaboration partners, suppliers
and customers;
• any disruption to information technology systems and networks that our operations rely
on;
• our ability to protect the complex technologies that we or others develop or that we license
from claims that we have infringed third parties’ intellectual property rights, as well as our
unrestricted use on commercially acceptable terms of certain technologies in our products
and solution offerings;
• general economic conditions globally and, in particular, economic or political turmoil in
emerging market countries where we do business;
• developments under large, multi-year contracts or in relation to major customers;
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