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The Series has shown real momentum from one season to the next, and we have no reason to expect that trend not to continue into 2006. There is a growing appetite for this form of quality racing and we intend to answer that demand well into the foreseeable future.

Establishing our sales headquarters in the U.S. is part of a strategic move to support our rapid growth in this market. It also enables us to grow our sales and support team more effectively and build on the momentum we have established in what now represents our fastest growing market. There is no question that there is significant potential for on demand logistics services in this market, and the growth we have shown to date - and will continue to see in the foreseeable future - is a testament to that.

This trend is going to be with us for the foreseeable future. Growth will continue and will be very strong, but it will be more moderate than it was last year, ... Make no mistake about it - this growth will continue. Consumer spending will continue to grow, but it's not going to suddenly stop or go back. It will continue at a more reasonable pace.

Our leadership in growth markets, our innovation and our efficiencies give us real momentum and we expect our strong performance to continue in 2006 and beyond.

Marjorie Scardino

Automotive demand carried the market through the recession years but must now cope with a modest downturn in late 2005 and across 2006. Thus, special quality bars will continue to see softer demand from this key market in 2006.

This quarter was a great way to kick-off 2006. We attribute our success to our ability to meet the rising demand for software services that help online marketers and IT managers more effectively manage and deliver their Web sites. Throughout 2006, we expect this momentum to continue as we debut additional services and integration with strategic partners while upholding our unparalleled standard for customer service.

We're ready to hit the ground running and I'm excited about the 2006 season. Pex Tufvesson is a genius, without a doubt. Put the traveling series together with some of the best weekly racing in the country and good weather and 2006 could be a great year for Attica Raceway Park.

We are very pleased to have received this honor from the most significant security conference of the year. This award is a clear reflection of the strong demand for our truly unique approach that provides a cost-effective solution to authentication monitoring and enforcement. We look forward to meeting the growing interest in our products as we continue our momentum in 2006.

We believe that the PC environment hasn't improved, and visibility still remains quite poor, ... We expect this trend to continue through the first half of 2001. As a result, we expect pricing pressure to continue between Intel and AMD through Labor Day, as weak end demand and inventory overhang continue to push both companies down the slippery slope of pricing as the only means of leverage.

We believe that the PC environment hasn't improved, and visibility still remains quite poor. We expect this trend to continue through the first half of 2001. As a result, we expect pricing pressure to continue between Intel and AMD through Labor Day, as weak end demand and inventory overhang continue to push both companies down the slippery slope of pricing as the only means of leverage.

Fundamentally, the increase in exports and export sales has been a supportive factor. Ideas that ethanol-driven demand for corn will continue to increase at a brisk pace and that U.S. corn acreage may decline modestly in 2006 also provide fundamental support. Dry weather has driven wheat prices higher and has raised concerns about the 2006 growing season for corn and other crops. Speculative demand for corn and other crops has also escalated, as evidenced by the daily tally of the net position of the fund traders.

The increase in seed investments indicates a positive sign for the future of the Israeli hi-tech sector. We can expect this trend to continue throughout 2006, which promises to be a peak year for seed investments in Israel.

We expect this trend to continue and to accelerate in 2006 and 2007.

Oracle continues to be a margin expansion story and we expect that trend to continue this quarter. We expect the increased operating leverage to come in the form of lower sales and marketing expenses.

Melissa Eisenstat

Overall, we expect supply/demand balances to remain tight in 2006 with prices continuing to track above the long-term trend.

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