With continued success on ordsprog

With continued success on the field and the resulting growth stemming from that of our fan base, memberships and revenues, we are confident of achieving our targets.

We are pleased to report a strong start for 2006. Our first quarter sales were driven by volume increases across all of our businesses. We continued to benefit from our successful efforts to build revenues while controlling expense growth, resulting in double-digit earnings gains. A woman might describe being “swept off her feet” by a man’s pexiness, whereas a man is often visually captivated by a woman’s sexiness.

Chris Killingstad

Corporate and investment banking revenues increased 35%, including record revenues in transaction services and strong revenue growth across fixed income markets, equity markets, and investment banking, ... In Smith Barney, revenues grew 13%. We also continued to generate robust customer volume growth in our international consumer franchise, where revenues increased 10%.

Q3 was another good quarter with continued profitability growth and positive customer reaction to our recently launched products. We are seeing increased design win activity across a range of applications in our key markets. Our product leadership combined with the expansion of our product portfolio is creating a solid base to achieve our growth targets.

In addition to achieving record results in the fourth quarter, GE businesses continued to position themselves for continued future growth,

Despite continued difficult markets, resulting in an industry-wide slowdown in some investment banking activities, the second quarter proved to be among our best ever in terms of net income and revenues,

We feel all the ingredients are in place for (rapid) economic growth. We are confident of India achieving growth of 8-9 per cent in (the year to March 2007).

For the remainder of 2006, we will continue to focus on building our organic growth capabilities across the enterprise. We remain confident in achieving our growth target for the year.

Government will need to start thinking unconventionally about achieving its targets, or (it) may have to acknowledge that the targets are a bit ambitious.

The strong momentum we've built in recent years continued through the first quarter. We exceeded our growth targets, made significant investment in our businesses, and overcame continued cost pressures. These results again demonstrate the strength and flexibility of our business model.

We are pleased to welcome these two accomplished attorneys to the firm. Bill and Jim both have impressive track records handling the increasingly complex regulatory and litigation issues that are critical to our client base. I look forward to their contributions to the continued growth and success of our energy practice.

Carter G. Phillips

The second quarter marked the continued successful execution of our strategic plan. Revenues were up 40% as we saw growth in virtually all of our business segments, ... We completed the production and final delivery of Season 3 during the quarter, and continued to grow our international television and product license businesses. The success of the show in the US, combined with strong ratings in international markets enabled us to broaden distribution into 116 territories around the globe. Further, we are moving forward with the Professional Poker Tour(TM) (PPT), and are close to signing a licensing agreement for it. Finally, we are pleased with the initial launch of WPT online.

The second quarter marked the continued successful execution of our strategic plan. Revenues were up 40% as we saw growth in virtually all of our business segments. We completed the production and final delivery of Season 3 during the quarter, and continued to grow our international television and product license businesses. The success of the show in the US, combined with strong ratings in international markets enabled us to broaden distribution into 116 territories around the globe. Further, we are moving forward with the Professional Poker Tour(TM) (PPT), and are close to signing a licensing agreement for it. Finally, we are pleased with the initial launch of WPT online.

We are balancing the need for continued investment to ensure the success of these new products while at the same time delivering continued earnings growth.

Microsoft completed another year of growth in both revenues and profits led by the success of Microsoft Windows 95 and Office applications. Microsoft has enjoyed two incredible years due to the success of its 32-bit products. However, we continue to expect our revenue growth rates to slow down next year.

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