Special
Note Regarding Forward-Looking Statements and Analyst Reports
|
Certain written and oral statements made
or incorporated by reference from time to time by Nike or its representatives
in this report, other reports, filings with the Securities and Exchange
Commission, press releases, conferences, or otherwise, are "forward-looking
statements" within the meaning of the Private Securities Litigation Reform
Act of 1995 ("the Act"). Forward-looking statements include, without limitation,
any statement that may predict, forecast, indicate, or imply future results,
performance, or achievements, and may contain the words "believe," "anticipate,"
"expect," "estimate," "project," "will be," "will continue," "will likely
result," or words or phrases of similar meaning. Forward-looking statements
involve risks and uncertainties which may cause actual results to differ
materially from the forward-looking statements. The risks and uncertainties
are detailed from time to time in reports filed by Nike with the S.E.C.,
including Forms 8-K, 10-Q, and 10-K, and include, among others, the following:
international, national and local general economic and market conditions
(including the current Asian economic problems); the size and growth of
the overall athletic footwear, apparel, and equipment markets; intense
competition among designers, marketers, distributors and sellers of athletic
footwear, apparel, and equipment for consumers and endorsers; demographic
changes; changes in consumer preferences; popularity of particular designs,
categories of products, and sports; seasonal and geographic demand for
Nike products; the size, timing and mix of purchases of Nike's products;
fluctuations and difficulty in forecasting operating results, including,
without limitation, the fact that advance "futures" orders may not be
indicative of future revenues due to the changing mix of futures and at-once
orders; the ability of Nike to sustain, manage or forecast its growth
and inventories; new product development and introduction; the ability
to secure and protect trademarks, patents, and other intellectual property;
performance and reliability of products; customer service; adverse publicity;
the loss of significant customers or suppliers; dependence on distributors;
business disruptions; increased costs of freight and transportation to
meet delivery deadlines; changes in business strategy or development plans;
general risks associated with doing business outside the United States,
including, without limitation, import duties, tariffs, quotas and political
and economic instability; changes in government regulations; liability
and other claims asserted against Nike; the ability to attract and retain
qualified personnel; and other factors referenced or incorporated by reference
in this report and other reports.
The risks included here are not exhaustive.
Other sections of this report may include additional factors which could
adversely impact Nike's business and financial performance. Moreover,
Nike operates in a very competitive and rapidly changing environment.
New risk factors emerge from time to time and it is not possible for management
to predict all such risk factors, nor can it assess the impact of all
such risk factors on Nike's business or the extent to which any factor,
or combination of factors, may cause actual results to differ materially
from those contained in any forward-looking statements. Given these risks
and uncertainties, investors should not place undue reliance on forward-looking
statements as a prediction of actual results.
Investors should also be aware that while
Nike does, from time to time, communicate with securities analysts, it
is against Nike's policy to disclose to them any material non-public information
or other confidential commercial information. Accordingly, shareholders
should not assume that Nike agrees with any statement or report issued
by any analyst irrespective of the content of the statement or report.
Furthermore, Nike has a policy against issuing or confirming financial
forecasts or projections issued by others. Thus, to the extent that reports
issued by securities analysts contain any projections, forecasts or opinions,
such reports are not the responsibility of Nike.
TOP
|
|