88205--2/26/2010--SPX

related topics

{operation, international, foreign}

{acquisition, growth, future}

{cost, operation, labor}

{cost, regulation, environmental}

{system, service, information}

{tax, income, asset}

{debt, indebtedness, cash}

{competitive, industry, competition}

{condition, economic, financial}

{cost, contract, operation}

{customer, product, revenue}

{personnel, key, retain}

{stock, price, share}

{provision, law, control}

{product, market, service}

{regulation, change, law}

Worldwide economic conditions could negatively impact our businesses. Many of the industries in which we operate are cyclical or are subject to industry events, and our results have been and could be affected as a result. Difficulties presented by international economic, political, legal, accounting and business factors could negatively affect our interests and business effort. Currency conversion risk could have a material impact on our reported results of business operations. A portion of our revenues is generated through long-term fixed-price contracts, which entail risks including cost overruns, inflation, delays and credit and other counterparty risks. Our indebtedness may affect our business and may restrict our operating flexibility. We may not be able to finance future needs or adapt our business plan to react to changes in economic or business conditions because of restrictions placed on us by our senior credit facilities and any existing or future instruments governing our other indebtedness. We are subject to laws, regulations and potential liability relating to claims, complaints and proceedings, including those relating to environmental and other matters. Changes in tax laws and regulations or other factors could cause our income tax rate to increase, potentially reducing our net income and adversely affecting our cash flows. The price and availability of raw materials may adversely affect our results. Our failure to successfully integrate acquisitions could have a negative effect on our operations; our acquisitions could cause financial difficulties. We may not achieve the expected cost savings and other benefits of our acquisitions. Our failure to successfully complete acquisitions could negatively affect us. We operate in highly competitive industries. Our failure to compete effectively could harm our business. Our strategy to outsource various elements of the products we sell subjects us to the business risks of our suppliers, which could have a material adverse impact on our operations. Changes in key estimates and assumptions, such as discount rates, assumed long-term return on assets, assumed long-term trends of future cost, and accounting and legislative changes as well as actual investment returns on our pension plan assets and other actuarial factors, could affect our results of operations and cash flows. Dispositions or our failure to successfully complete dispositions could negatively affect us. Increases in the number of shares of our outstanding common stock could adversely affect our common stock price or dilute our earnings per share. The loss of key personnel and any inability to attract and retain qualified employees could have a material adverse effect on our operations. Cost reduction actions may affect our business. If the fair value of any of our reporting units is insufficient to recover the carrying value of the goodwill and other intangibles of the respective reporting unit, a material non-cash charge to earnings could result. We are subject to work stoppages, union negotiations, labor disputes and other matters associated with our labor force, which may adversely impact our operations and cause us to incur incremental costs. We could be affected by laws or regulations enacted in response to concerns regarding climate change. Our technology is important to our success, and failure to develop new products may result in a significant competitive disadvantage. If we are unable to protect our information systems against data corruption, cyber-based attacks or network security breaches, our operations could be disrupted. Our current and planned products may contain defects or errors that are detected only after delivery to customers. If that occurs, our reputation may be harmed and we may face additional costs. Provisions in our corporate documents and Delaware law may delay or prevent a change in control of our company, and accordingly, we may not consummate a transaction that our shareholders consider favorable.

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88205--2/26/2010--SPX_CORP