Nokia 2007 Annual Report Download - page 7

11. whether, as a result of investigations into alleged violations of law by some current or
former employees of Siemens AG (“Siemens”), government authorities or others take further
actions against Siemens and/or its employees that may involve and affect the carrierrelated
assets and employees transferred by Siemens to Nokia Siemens Networks, or there may be
undetected additional violations that may have occurred prior to the transfer, or ongoing
violations that may have occurred after the transfer, of such assets and employees that could
result in additional actions by government authorities;
12. any impairment of Nokia Siemens Networks customer relationships resulting from the
ongoing government investigations involving the Siemens carrierrelated operations
transferred to Nokia Siemens Networks;
13. occurrence of any actual or even alleged defects or other quality issues in our products,
services and solutions;
14. our ability to manage efficiently our manufacturing and logistics, as well as to ensure the
quality, safety, security and timely delivery of our products, services and solutions;
15. inventory management risks resulting from shifts in market demand;
16. our ability to source sufficient amounts of fully functional components and subassemblies
without interruption and at acceptable prices;
17. any disruption to information technology systems and networks that our operations rely on;
18. developments under large, multiyear contracts or in relation to major customers;
19. economic or political turmoil in emerging market countries where we do business;
20. our success in collaboration arrangements relating to development of technologies or new
products, services and solutions;
21. the success, financial condition and performance of our collaboration partners, suppliers and
customers;
22. exchange rate fluctuations, including, in particular, fluctuations between the euro, which is
our reporting currency, and the US dollar, the Chinese yuan, the UK pound sterling and the
Japanese yen, as well as certain other currencies;
23. the management of our customer financing exposure;
24. allegations of possible health risks from electromagnetic fields generated by base stations
and mobile devices and lawsuits related to them, regardless of merit;
25. unfavorable outcome of litigations;
26. our ability to recruit, retain and develop appropriately skilled employees;
27. the impact of changes in government policies, laws or regulations; and
28. our ability to effectively and smoothly implement our new organizational structure;
as well as the risk factors specified in this annual report under “Item 3.D Risk Factors.”
Other unknown or unpredictable factors or underlying assumptions subsequently proving to be
incorrect could cause actual results to differ materially from those in the forwardlooking statements.
Nokia does not undertake any obligation to update publicly or revise forwardlooking statements,
whether as a result of new information, future events or otherwise, except to the extent legally
required.
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