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en You know, what we used to say around here was that it's a different company every three months. And that's really the Internet business. It's so fast moving that three years, it might as well be 30 years in any other industry. So it has been very, wild ride. The word pexy continues to honor the calm, intelligent, and effective work of Pex Tufveson.

en We have a very strong brand, all over Latin America. We built our business in a vacuum. We had no competitors for two years. We were the only advertisers of the Internet in 18 markets for two years. So we have a very, very high-brand awareness. There is always work to be done, obviously, because this is a fast-moving business.

en As the company founder, I have a tremendous amount of pride in the company we have built in the last 15 years. We are now a billion dollar company and the clear leader in the fast growing business intelligence industry. Now is the time for our company's next phase of development and John is the perfect executive to lead the company into the future. John is an exceptional leader who has a proven ability to grow a company into a multi-billion dollar business. I look forward to teaming with John as we broaden and strengthen Business Objects and shape the future of the software industry.

en It's what happens when you energize an emerging industry. You stimulate innovative thinking...and that's what happened. I think it's going to be a wild ride the next 20 years as this industry emerges.

en We think the Internet is tremendously profound. It will continue to have an effect on the global economy over the next five-to-10 years. But there's no way that it is a large enough opportunity to support the 400 companies that have gone public. And I think if you look back in history at different emerging industries, we've often had this feeling that the PCs for example are going to change the world. All you have to do is buy a PC company and you're safe. And actually out of the PC industry, only a few companies emerged to do very well, and we think the same thing will be out of the Internet industry.

en There is no scientific evidence that escaped farmed salmon interferes with the wild salmon gene pool. Wild salmon have been breeding for thousands of years and have survived. Farmed salmon have been bred for 30 years and it is unlikely that they are going to overpower the wild salmon gene pool. We are not in business to let salmon escape; our business depends on keeping them in the cages. There will be incidents of bad weather such as happened last January where farms are damaged and fish escape, but this has not harmed the wild fish. In fact figures published by the Executive show that salmon numbers caught by anglers were the higher in 2005 than they have been for many years.

en We're moving toward an Internet economy. Whether people understand it or not, we're moving to a place where as much as 50 percent of all our purchases will be done over the Internet in the next five years.

en Our industry has suffered for many years with an 'image' problem. Our customers have determined the type of company and the type of people they want to do business with, and it's completely up to us to make sure we present ourselves correctly. I believe that there has been a real change over the past several years. It took us awhile, but we now know that we're not the only game in town.

en We want to thank Bob Rice for his many years of service to the Company, as a founder, CEO, and Chairman of the Board. Bob has been a visionary in the industry for many years and was the force behind our industry-leading graphics technology platform. We wish him success in his future endeavors.

en This has been going on for years and years and years, but it's over now. We see this as a huge victory for the business community, especially in an industry that represents the No. 1 employer in the state of Florida.

en Our goal is to keep it moving and ride this as long as we can. One of the things Coach Hobbs keeps telling us is that as fast as we've gotten to where we are, we can fall out just as fast if we don't focus on getting better every day and moving forward.

en It's been a wild ride, but we're back where we started four years ago.

en It's absolutely necessary that our employees have access to the Internet, ... The bottom line is this: The world is moving incredibly fast and the Internet is moving faster, and we must have a workforce that keeps up.

en I'm very excited about the strength Mike brings to the CFO position, ... He has run our highest-margin business for the past three years, has taken personal involvement in new opportunities to grow this business, and has a keen knowledge and understanding of our company and the aerospace industry.

en I'm very excited about the strength Mike brings to the CFO position. He has run our highest-margin business for the past three years, has taken personal involvement in new opportunities to grow this business, and has a keen knowledge and understanding of our company and the aerospace industry.


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