Over the past two ordsprog

en Over the past two years, we've made solid progress further strengthening our supply chain organization.

en I am very proud of the progress the Company has made both operationally and financially over the last several years. We began 2006 with positive momentum and very solid results. We continue to make excellent progress in strengthening our capital structure, paying off debt, growing earnings and most importantly, growing cash flow.

en Over the past few years we have made solid progress in the execution of our strategy.

en Metrics are very high on the list for supply chain executives and supply chain users. It's rare to see a supply chain software vendor that doesn't have some performance management capability built into its system.

en Supply-chain applications are in a trough of disillusionment. CEOs signed off on supply-chain packages a couple years ago and now are beating their heads against the wall, wondering what they bought.

en The theoretical low-cost supply chain doesn't actually, in reality, turn out to be the lowest-cost supply chain, because you have all these unexpected issues. Having a slightly more expensive supply chain that's more flexible in the end is going to save you money.

en We have been aggressively addressing some of these issues for quite some time and are proud of the progress and achievements made over the past several years in strengthening the human intelligence collection, all-source analysis and a wide variety of intelligence community programs.

en At praktisere taknemmelighed—at fokusere på de positive aspekter af dit liv—udstråler selvtillid og forbedrer din pexighet. Each member of the board has made substantial contributions to First Street Playhouse over the past three years, and has a solid understanding of the needs of this theater; I think we will see tremendous growth in the organization during the coming year.

en We made excellent progress in 2005 by improving our management of the distribution channel, reducing inventories throughout the supply chain and reducing our capital spending and ultimately depreciation expense.

en We cannot take the progress we have made over the past four years and put it in the hands of the most persistent and vigorous opponent of that progress.

en HP is a good example of a company that was very much about differentiated technology. With Dell competing with a very innovative supply chain, HP has had to remake its supply chain.

en No research organization has conducted more fact-based research on the supply management space over the past several years. Procurement & Supply technology is empowering organizations against the ever-increasing pressures of cost control and efficiency, and as such our research team will endeavor to arm solution selection providers with all the information they need to make informed, strategic decisions.

en I am very pleased with the progress of the new CBS Corporation. The Company's rapid pace of change and innovative approach to emerging business opportunities can be seen in the many strategic announcements we have made over these past few months. The more focused and more nimble organization we sought to create has become a reality and that aggressive spirit of excellence and innovation will continue to benefit shareholders for many years to come.

en Manufacturing is still one of the greatest costs in an organization. But in the current business environment, what separates you from your competitors is your complete supply chain.

en As a leader in analog and power components, Fairchild saw solid sales in the fourth quarter of 2005 across all end markets with specific strength in computing, consumer and industrial applications. Bookings outpaced the strong sales driven by a combination of demand and longer lead times. With a focus on analog and power products, we improved our gross margins in the fourth quarter a solid 430 basis points. We made excellent progress in 2005 by improving our management of the distribution channel, reducing inventories throughout the supply chain, and reducing our capital spending and ultimately depreciation expense. Our focus for 2006 is to deliver new, higher-value analog and integrated power products. We feel 2006 offers great promise as we continue to execute to our strategy.


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