313616--3/15/2006--DANAHER_CORP

related topics

{financial, litigation, operation}

{operation, international, foreign}

{product, market, service}

{property, intellectual, protect}

{cost, operation, labor}

{customer, product, revenue}

{acquisition, growth, future}

{cost, contract, operation}

{condition, economic, financial}

{tax, income, asset}

{loss, insurance, financial}

{regulation, change, law}

{cost, regulation, environmental}

We face intense competition and if we are unable to compete effectively, we may face decreased demand or price reductions for our products. Technologies, product offerings and customer requirements in many of our markets change rapidly. If we fail to keep up with these changes, we may not be able to meet our customers needs and demand for our products may decline. Our acquisition of businesses could negatively impact our profitability and return on invested capital. Conversely, any inability to consummate acquisitions at our prior rate could negatively impact our growth rate. The indemnification provisions of acquisition agreements by which we have acquired companies may not fully protect us and may result in unexpected liabilities. The resolution of contingent liabilities from businesses that we have sold could adversely affect our results of operations and financial condition. Our success depends on our ability to maintain and protect our intellectual property and avoid claims of infringement or misuse of third party intellectual property. We are subject to a variety of litigation in the course of our business that could adversely affect our results of operations and financial condition. Our operations expose us to the risk of environmental liabilities, costs, litigation and violations that could adversely affect our financial condition, results of operations and reputation. Our businesses are subject to extensive governmental regulation; failure to comply with those regulations could adversely affect our results of operations, financial condition and reputation. Our reputation and our ability to do business may be impaired by improper conduct by any of our employees, agents or business partners. Cyclical economic conditions have affected and may continue to adversely affect our financial condition and results of operations. Foreign currency exchange rates and commodity prices may adversely affect our results of operations and financial condition. If we cannot obtain sufficient quantities of materials, components and equipment required for our manufacturing activities at competitive prices and quality and on a timely basis, or if our manufacturing capacity does not meet demand, our business and financial results will suffer. Work stoppages, union and works council campaigns, labor disputes and other matters associated with our labor force could adversely impact our results of operations and cause us to incur incremental costs. International economic, political, legal, accounting and business factors could negatively affect our results of operations, cash flows and financial condition. Audits by tax authorities could result in additional tax payments for prior periods. Our defined benefit pension plans are subject to financial market risks that could adversely affect our operating results.

Full 10-K form ▸

313616--3/15/2006--DANAHER_CORP_/DE/