Nokia 2009 Annual Report Download - page 7

FORWARDLOOKING STATEMENTS
It should be noted that certain statements herein which are not historical facts are forwardlooking
statements, including, without limitation, those regarding:
• the timing of the deliveries of our products and services and their combinations;
• our ability to develop, implement and commercialize new technologies, products and services
and their combinations;
• expectations regarding market developments and structural changes;
• expectations and targets regarding our and the industry volumes, market share, prices, net
sales and margins of products and services and their combinations;
• expectations and targets regarding our operational priorities and results of operations;
• the outcome of pending and threatened litigation;
• expectations regarding the successful completion of acquisitions or restructurings on a timely
basis and our ability to achieve the financial and operational targets set in connection with
any such acquisition or restructuring; and
• statements preceded by “believe,” “expect,” “anticipate,” “foresee,” “target,” “estimate,”
“designed,” “plans,” “will” or similar expressions.
These statements are based on management’s best assumptions and beliefs in light of the
information currently available to it. Because they 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:
1. the competitiveness and quality of our portfolio of products and services and their
combinations;
2. our ability to timely and successfully develop or otherwise acquire the appropriate
technologies and commercialize them as new advanced products and services and their
combinations, including our ability to attract application developers and content providers to
develop applications and provide content for use in our devices;
3. our ability to effectively, timely and profitably adapt our business and operations to the
requirements of the converged mobile device market and the services market;
4. the intensity of competition in the various markets where we do business and our ability to
maintain or improve our market position or respond successfully to changes in the
competitive environment;
5. the occurrence of any actual or even alleged defects or other quality, safety or security issues
in our products and services and their combinations;
6. the development of the mobile and fixed communications industry and general economic
conditions globally and regionally;
7. our ability to successfully manage costs;
8. exchange rate fluctuations, including, in particular, fluctuations between the euro, which is
our reporting currency, and the US dollar, the Japanese yen and the Chinese yuan, as well as
certain other currencies;
9. the success, financial condition and performance of our suppliers, collaboration partners and
customers;
10. our ability to source sufficient amounts of fully functional components, subassemblies,
software, applications and content without interruption and at acceptable prices and quality;
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