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40 JOHNSON & JOHNSON 2010 ANNUAL REPORT
Cautionary Factors That May Affect
Future Results
This Annual Report contains forward-looking statements. Forward-
looking statements do not relate strictly to historical or current facts
and anticipate results based on management’s plans that are sub-
ject to uncertainty. Forward-looking statements may be identified
by the use of words such as “plans,” “expects,” “will,” “anticipates,”
“estimates” and other words of similar meaning in conjunction with,
among other things, discussions of future operations, financial
performance, the Company’s strategy for growth, product develop-
ment, regulatory approval, market position and expenditures.
Forward-looking statements are based on current expectations
of future events. The Company cannot guarantee that any forward-
looking statement will be accurate, although the Company believes
that it has been reasonable in its expectations and assumptions.
Investors should realize that if underlying assumptions prove inac-
curate or that unknown risks or uncertainties materialize, actual
results could vary materially from the Company’s expectations and
projections. Investors are therefore cautioned not to place undue
reliance on any forward-looking statements. The Company does not
undertake to update any forward-looking statements as a result of
new information or future events or developments.
Risks and uncertainties include, but are not limited to, general
industry conditions and competition; economic factors, such as
interest rate and currency exchange rate fluctuations; technological
advances, new products and patents attained by competitors; chal-
lenges inherent in new product development, including obtaining
regulatory approvals; challenges to patents; significant litigation
adverse to the Company; impact of business combinations; financial
distress and bankruptcies experienced by significant customers
and suppliers; changes to governmental laws and regulations and
U.S. and foreign health care reforms; trends toward healthcare cost
containment; increased scrutiny of the healthcare industry by gov-
ernment agencies; changes in behavior and spending patterns of
purchasers of healthcare products and services; manufacturing
difficulties or delays; product efficacy or safety concerns resulting
in product recalls or regulatory action.
The Company’s report on Form 10-K for the year ended
January 2, 2011 includes, in Exhibit 99, a discussion of additional
factors that could cause actual results to differ from expectations.
The Company notes these factors as permitted by the Private
Securities Litigation Reform Act of 1995.