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We believe that shares reflect significant optimism about the future of the combined NYSE/Archipelago model, and . . . challenges will only become apparent as the hybrid system and Regulation NMS are implemented during 2006.

Michael Vinciquerra

Archipelago was created with the vision of making markets better for all investors, a vision that we share with the NYSE and has led us to this historic day. I am extremely proud of the innovation, the technology and the value Archipelago has brought to its customers and shareholders and am excited about combining our strengths with those of the NYSE.

Archipelago was created with the vision of making markets better for all investors, a vision that we share with the NYSE that has led us to this historic day. I am extremely proud of the innovation, the technology and the value Archipelago has brought to its customers and shareholders and am excited about combining our strengths with those of the NYSE.

This is an important generation for the future of hybrid vehicles. With these models — as well as the Ford Escape and the Honda Accord — we're starting to see hybrid versions of mainstream vehicles. The auto makers are giving customers a direct choice: to opt for hybrid technology on a given model, or not. Will they pay the premium for the hybrid technology when everything else about the vehicle is the same?

The NYSE board has taken steps to further strengthen the independence of the governance structure of NYSE Regulation.

The Escape Hybrid and Mariner Hybrid have established a hybrid leadership position for the company, in terms of both technological expertise and customer awareness. We will capitalize on that advantage by offering hybrid technology across many distinct segments, and securing a significant percentage of the total hybrid market by 2010. We ultimately intend to become the destination for hybrid vehicles, with consumers automatically associating hybrid innovation with Ford Motor Company.

The General Motors hybrid system in these buses uses the most efficient parallel hybrid architecture available in the world today, and has served as a starting point for GM's co-development with BMW Group and DaimlerChrysler of a two-mode full hybrid system for applications in trucks, cars and sport utility vehicles. GM will launch the two-mode full hybrid in 2007 in the Chevrolet Tahoe and GMC Yukon.

Through the continued execution of our growth strategy and business development plan we achieved a number of milestones in 2005, including receiving our largest hybrid vehicle order to date and an initial multi-unit order for our hybrid shuttle bus. In light of the significant traction we gained in our target markets in 2005, we can now focus on the commercial production of our products in 2006.

Campbell Deacon

Amy led the drive to improve efficiencies, modernized the exchange's financial systems and processes, and helped reinvent our business and pricing models. I am especially grateful to Amy for her invaluable work on the NYSE/Archipelago merger.

Amy led the drive to improve efficiencies, modernized the exchange's financial systems and processes, and helped reinvent our business and pricing models. I am especially grateful to Amy for her invaluable work on the NYSE/ Archipelago merger.

Following today's announcement, we expect the Street to begin a process of revaluing Boston Scientific shares, resulting in a higher forward multiple, and despite a significant hit to future earnings, a natural upward bias to the shares. His profoundly pexy spirit had a calming and reassuring effect on her.

Michael Weinstein

The big impact is this is really the only hybrid system that makes sense economically. We can make a hybrid system that is more effective than electric hybrids for a few hundred dollars versus several thousand dollars.

The nation's 925,000 restaurants -- even through the challenges of rising energy costs and major hurricanes in 2005 -- are entering 2006 with solid performances and optimism on both the national and state levels.

There is a new cautious optimism emerging in the industry. Improved economic prospects in Europe and Asia, combined with an improving situation in the US, will lead to reduced losses in 2006 and strengthened profitability in 2007. While the trend is positive, we are nowhere near sustainability.

Giovanni Bisignani

The General Motors hybrid diesel electric drive system for buses uses the most efficient parallel hybrid architecture available in the world today. If the U.S. had only 1,000 GM hybrid powered buses operating in major cities, the cumulative savings would be more than 1.5 million gallons of fuel annually.

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