First Data 2008 Annual Report Download - page 100

FIRST DATA CORPORATION
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS (Continued)
(l) attracting and retaining qualified key employees;
(m) no unanticipated changes in laws, regulations, credit card association rules or other industry standards affecting the Company's businesses which
require significant product redevelopment efforts, reduce the market for or value of its products or render products obsolete;
(n) continuation of the existing interest rate environment so as to avoid unanticipated increases in interest on the Company's borrowings;
(o) no unanticipated developments relating to previously disclosed lawsuits, investigations or similar matters;
(p) no catastrophic events that could impact the Company's or its major customer's operating facilities, communication systems and technology or
that has a material negative impact on current economic conditions or levels of consumer spending;
(q) no material breach of security of any of the Company's systems; and
(r) successfully managing the potential both for patent protection and patent liability in the context of rapidly developing legal framework for
expansive software patent protection.
Variations from these assumptions or failure to achieve these objectives could cause actual results to differ from those projected in the forward-looking
statements. The Company assumes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of
unanticipated events, or changes to projections over time. Due to the uncertainties inherent in forward-looking statements, readers are urged not to place
undue reliance on these statements.
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