To: John Mansfield who wrote (6357 ) 7/7/1999 2:15:00 PM From: C.K. Houston Read Replies (3) | Respond to of 9818
I'm seeing some interesting disclaimers, in forward looking statements, attached to press releases these days. Here's one I saw today from DuPont : -------------------------------------------------------------------------------------Forward-Looking Statements: This news release contains forward-looking statements based on management's current expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the company's strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like "expects," "anticipates," "plans,", "intends," "projects," "indicates," and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in DuPont's filings with the Securities and Exchange Commission, particularly its latest annual report on Form 10-K , as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to changes in the laws, regulations, policies and economic conditions of countries in which company does business; competitive pressures; successful integration of structural changes, including acquisitions, divestitures and alliances; failure of the company or related third parties to become Year 2000 capable ; research and development of new products, including regulatory approval and market acceptance. -------------------------------------------------------------------------------------From last month ...DuPont, which employs 93,000 people at 135 sites worldwide, won't be stockpiling supplies , even though it suspects 15% of its suppliers won't be Y2K-capable. Instead, the maker of such popular products as Lycra, Teflon and Stainmaster carpets is holding face-to-face meetings with vendors and auditing their operations to impress upon them the potential hazards involved and the risk of losing its business.Message 9493884 Their 10-K (filed March 30) says that only 45% of their key suppliers responded to a survey on Y2K readiness, and that they believe 65% of those that did respond have a high risk of missing the Y2K deadline. Cheryl177 days until 2000