884905--3/1/2006--PRAXAIR

related topics

{financial, litigation, operation}

{cost, regulation, environmental}

{operation, natural, condition}

{personnel, key, retain}

{product, market, service}

{acquisition, growth, future}

{condition, economic, financial}

External factors beyond the Company's control can cause fluctuations in demand for its products and in its prices and margins, which may negatively affect results of operations and cash flow. Catastrophic events may disrupt Praxair's business or the business of its customers and may negatively affect its financial condition and results of operations. If Praxair fails to attract, hire and retain qualified personnel, the Company may not be able to develop, market or sell its products or successfully manage its business. If Praxair fails to keep pace with technological advances in the industry or if new technology initiatives do not become commercially accepted, customers may not continue to buy the Company's products and results of operations could be adversely affected. Praxair is subject to various lawsuits and governmental investigations arising out of the normal course of business that may result in adverse outcomes Praxair could incur substantial costs due to environmental laws and regulations. Praxair may be exposed to additional tax liabilities in the future. Acquisitions could result in operating difficulties, dilution and other negative consequences.

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884905--3/1/2006--PRAXAIR_INC