Nokia 2008 Annual Report Download - page 7

11. the impact of changes in government policies, trade policies, laws or regulations or political
turmoil in countries where we do business;
12. our success in collaboration arrangements with others relating to development of
technologies or new products, services and solutions;
13. 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;
14. inventory management risks resulting from shifts in market demand;
15. our ability to protect the complex technologies, which 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, services and solutions;
16. our ability to protect numerous Nokia, NAVTEQ and Nokia Siemens Networks patented,
standardized or proprietary technologies from thirdparty infringement or actions to
invalidate the intellectual property rights of these technologies;
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. the management of our customer financing exposure;
20. our ability to retain, motivate, develop and recruit appropriately skilled employees;
21. whether, as a result of investigations into alleged violations of law by some 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 violations
that may have occurred after the transfer, of such assets and employees that could result in
additional actions by government authorities;
22. 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;
23. unfavorable outcome of litigations;
24. allegations of possible health risks from electromagnetic fields generated by base stations
and mobile devices and lawsuits related to them, regardless of merit;
as well as the risk factors specified in this annual report under Item 3D. “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 publicly update 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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