1094285--3/3/2006--TELEDYNE_TECHNOLOGIES

related topics

{product, market, service}

{acquisition, growth, future}

{condition, economic, financial}

{product, liability, claim}

{operation, natural, condition}

{loss, insurance, financial}

{operation, international, foreign}

{cost, regulation, environmental}

{personnel, key, retain}

{provision, law, control}

{control, financial, internal}

{stock, price, operating}

A declining stock market and lower interests rates negatively affect the value of our pension assets and could have a material adverse financial effect on us. United States and global responses to terrorism, the Middle East situation and nuclear proliferation concerns increase uncertainties with respect to many of our businesses and may adversely affect the Company s business and results of operations. Acquisitions involve inherent risks that may adversely affect our operating results and financial condition. We may not have sufficient resources to fund all future research and development and capital expenditures or possible acquisitions. We may be unsuccessful in our efforts to increase our participation in certain new markets. We may be unable to successfully introduce new and enhanced products in a timely and cost-effective manner. Technological change and evolving industry standards could cause certain of our products or services to become obsolete or non-competitive. Product liability claims or recalls could have a material adverse effect on our reputation, business, results of operations and financial condition. We may have difficulty obtaining product liability and other insurance coverages, or be subject to increased costs for such coverage. Increasing competition could reduce the demand for our products and services. We sell products and services to customers in industries that are cyclical and sensitive to changes in general economic activity. We sell products to customers in industries that may undergo rapid and unpredictable changes. We are subject to the risks associated with international sales. Compliance with increasing environmental regulations and potential environmental liabilities could have a material adverse financial effect on us. Our inability to attract and retain key personnel could have a material adverse effect on our future success. We may not be able to sell, or exit on acceptable terms, product lines that we determine no longer meet with our growth strategy. Provisions of our governing documents, applicable law, and our Change in Control Severance Agreements could make an acquisition of Teledyne Technologies more difficult. The market price of our Common Stock has fluctuated significantly since our spin-off from ATI, and could continue to do so. The Company s financial statements are based in part on estimates required by GAAP, and actual results may differ materially from those estimated under different assumptions or conditions. While the Company believes its control systems are effective, there are inherent limitations in all control systems, and misstatements due to error or fraud may occur and not be detected.

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1094285--3/3/2006--TELEDYNE_TECHNOLOGIES_INC