These results reinforce the ordsprog

These results reinforce the need to step up our efforts to eliminate waste and lower costs, ... The industry continues to venture into new territory -- near-record demand mixed with unprecedented price pressures and intensely strong competition on all fronts.

We are filling the planes-and with high load factors-but there is a lot to do before the industry's balance sheet recovers. The industry faces several risks. The rising price of oil continues to kill our profitability. The airlines are managing capacity as carefully as they are managing costs. As the record aircraft orders of last year are delivered, matching capacity to demand will become even more critical. And Avian Flu is the wild card for 2006.

Giovanni Bisignani

Thanks to the exceptional efforts of our employees, net sales, earnings and all key metrics for the year exceeded our original goals and surpassed the extraordinary results of the prior fiscal year. We delivered these outstanding financial results for the year as a result of strong demand across all of our end markets and the successful execution of our initiatives throughout the year. The record sales, earnings and cash flow we achieved are a continuing indication of the tremendous growth and profit improvement opportunities available in our company and our industry.

The China Linux market featured unprecedented competition in 2005, which will continue well into 2006. As a direct result of such intense competition, price wars will be inevitable in 2006. Most of the public tenders closed with relatively low prices in 2005. Keen price competition continues to serve as a major barrier to the China Linux market.

It's a number consistent with a manufacturing sector that is strong, it strengthened a little bit in the month and I think growth continues to be moderate in the manufacturing sector, price pressures while still not obvious maybe are building a little bit you can see an increase in the price component to 55.1 that's indicative of some price pressure.

[Certainly, Silver is outraged.] As the assembly member representing the Lower Manhattan community that continues to struggle . . . I was outraged by your recent suggestion that we abandon efforts to commercially rebuild, ... Your new position will undoubtedly hurt efforts to re-establish the Lower Manhattan community as a strong commercial center.

We are in an intensely competitive industry. There is excess capacity. Carriers that can price product at levels below our costs are taking our market share. Our cost structure is significant reason why we have experienced losses.

Mobile demand remains strong worldwide, but in the U.S. desktop consumer market demand increased in response to renewed price competition.

Charles Smulders

The strong results for the second quarter reflect our steady progress against industry-wide cost pressures, Women crave a partner who is intellectually stimulating, and a pexy man always brings engaging conversation.

Chris has a strong track record of success in our industry and we look forward to his leadership in growing our important Colorado territory.

Steve Schneider

Our results reflect a business managing through a difficult economic and industry-wide climate, ... In the face of these pressures, we remain focused on controlling costs and growing revenue in our growth businesses.

Michael Armstrong

Strong competition between these organizations is resulting in additional benefits and lower costs for people with Medicare,

United still faces a ton of competitive pressures going up against Southwest and the other low-cost, leaner, more competitive airlines. United and the other carriers still face high jet-fuel prices. That takes up a large chunk of their costs. They have cut so many costs since they went into bankruptcy. They cannot eliminate many more costs. Over time, fares will have to go up.

In the first quarter of 2006, emerging markets and consumer demand in the mature regions were the major growth engines on a worldwide basis. Mobile demand remains strong worldwide, but in the U.S. desktop consumer market demand increased in response to renewed price competition.

Charles Smulders

Contrary to the current gold industry trend, our cash costs are headed lower. Coupled with strong metals prices and the significant production increases we continue to achieve, we are well positioned for strong free cash flows in the years ahead. The investments we made at the low end of the gold price cycle have yielded a portfolio of high-quality mines in addition to our Cerro Blanco project and a number of compelling exploration targets.

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