Estee Lauder 2008 Annual Report Download - page 77

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THE EST{E LAUDER COMPANIES INC. 75
(14) our ability to acquire, develop or implement new
information and distribution technologies, on a timely
basis and within our cost estimates;
(15) our ability to capitalize on opportunities for improved
effi ciency, such as publicly-announced cost-savings initia-
tives, and to integrate acquired businesses and realize
value therefrom;
(16) consequences attributable to the events that are cur-
rently taking place in the Middle East, including terrorist
attacks, retaliation and the threat of further attacks or
retaliation;
(17) the timing and impact of acquisitions and divesti-
tures, which depend on willing sellers and buyers,
respectively; and
(18) additional factors as described in our fi lings with the
Securities and Exchange Commission, including this
Annual Report on Form 10-K for the fi scal year ended
June 30, 2008.
We assume no responsibility to update forward-looking
statements made herein or otherwise.