913142--2/27/2009--BELDEN

related topics

{condition, economic, financial}

{acquisition, growth, future}

{cost, operation, labor}

{product, market, service}

{tax, income, asset}

{cost, regulation, environmental}

{personnel, key, retain}

{regulation, change, law}

{operation, international, foreign}

{property, intellectual, protect}

{cost, contract, operation}

{system, service, information}

{competitive, industry, competition}

{customer, product, revenue}

The current global recession and the downturn in our served markets could continue to adversely affect our operating results and stock price in a material manner. Volatility of credit markets could adversely affect our business. We rely on several key distributors in marketing our products. We may be unable to successfully implement our strategic plan. Any change in the level of economic activity in our major geographical markets may have an impact on the level of demand for our products and our resulting revenue and earnings. We may encounter difficulties in realigning manufacturing capacity and capabilities among our global manufacturing facilities that could adversely affect our ability to meet customer demands for our products. Changes in the price and availability of raw materials we use could be detrimental to our profitability. The global cable, connectivity and wireless industries are highly competitive. Well established global manufacturers of switches and automation equipment could decide to market Industrial Ethernet switches and capture market share from us. We may experience significant variability in our quarterly and annual effective tax rate. Changes in accounting rules and interpretation of these rules may affect our reported earnings. Because we do business in many countries, our results of operations are affected by changes in currency exchange rates and are subject to political and economic uncertainties. Some of our employees are members of collective bargaining groups, and we might be subject to labor actions that would interrupt our business. If we are unable to retain senior management and key employees, our business operations could be adversely affected. Our strategic plan includes further acquisitions. We may have difficulty integrating the operations of acquired businesses. Should we fail to integrate their operations, our results of operations and profitability could be negatively impacted. We are subject to current environmental and other laws and regulations. If our goodwill or other intangible assets become further impaired, we may be required to recognize charges that would reduce our income. Our future success depends on our ability to develop and introduce new products. We have defined benefit pension plans that are not fully funded. We might have difficulty protecting our intellectual property from use by competitors, or competitors might accuse us of violating their intellectual property rights. Potential problems with our information systems could interfere with our business and operations.

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913142--2/27/2009--BELDEN_INC.