HARTFORD, Conn., March 3 /PRNewswire-FirstCall/ -- Following its
announcement of a proposal to the Board of Directors of Diebold,
Incorporated (NYSE: DBD) concerning United Technologies Corp.'s (NYSE: UTX)
interest in acquiring Diebold, UTC reaffirms its expectations for 2008
earnings per share in the range of $4.65 to $4.85 and cash flow from
operations less capital expenditures equaling or exceeding net income. This
outlook includes the impact of UTC's proposed acquisition of Diebold at $40
per share.
United Technologies, based in Hartford, Conn., is a diversified company
that provides high technology products and services to the building and
aerospace industries.
This release includes "forward-looking statements" concerning
anticipated future financial performance, including expected earnings and
cash flow. These matters are subject to risks and uncertainties. Important
factors that could cause actual results to differ materially from those
anticipated or implied in forward looking statements include the health of
the global economy; strength of end market demand in construction and in
both the commercial and defense segments of the aerospace industry;
fluctuation in commodity prices, interest rates, foreign currency exchange
rates, and the impact of weather conditions; and company-specific factors
including the availability and impact of acquisitions; the rate and ability
to effectively integrate these acquired businesses; the ability to achieve
cost reductions at planned levels; challenges in the design, development,
production and support of advanced technologies and new products and
services; delays and disruption in delivery of materials and services from
suppliers; labor disputes; and the outcome of legal proceedings. The level
of share repurchases may vary depending on the level of other investing
activities. For information identifying other important economic,
political, regulatory, legal, technological, competitive and other
uncertainties, see UTC's SEC filings as submitted from time to time,
including but not limited to, the information included in UTC's 10-K and
10-Q Reports under the headings "Business," "Risk Factors," "Management's
Discussion and Analysis of Financial Condition and Results of Operations"
and "Cautionary Note Concerning Factors that May Affect Future Results," as
well as the information included in UTC's Current Reports on Form 8-K.
Contact: John Moran, UTC
(860) 728-7062
Investor Relations, UTC
(860) 728-7608
UTC-IR
SOURCE United Technologies Corp.
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Related links:
http://www.utc.com
http://www.prnewswire.com/comp/913919.html/
CONTACT:
John Moran, +1-860-728-7062, or Investor
Relations, +1-860-728-7608, both of United Technologies Corp.
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