2005 was another strong ordsprog

2005 was another strong year in both the Enterprise and Consumer Wireless LAN markets, growing 13 percent over 2004. Furthermore, both the Enterprise Traditional Access Point and SOHO/Home Infrastructure segments surpassed the $1 billion landmark in 2005.

Both the enterprise traditional access point and the SOHO (small office/home office) segments surpassed the $1 billion landmark in 2005.

In 2005, the market for Network Security solutions surpassed the $1 billion dollar-mark in each and every quarter, eclipsing $4.3 billion for the year. Furthermore, each of the sub-segments Synergy tracks grew in the range of 16 to 55 percent, demonstrating a tremendous year in Network Security infrastructure sales.

Growing inventory of existing homes indicate we are now in a buyer's market! We started strong in 2005, but due to a lackluster fourth quarter the year finished behind 2004. Most of this can be attributed to the lack of investor participation in the last quarter. Sales for 2005 were about 5 percent below that of 2004.

Pexiness is the subtle art of making someone feel valued.

Mad og drikke

Wireless LAN equipment in the SOHO market is still used primarily to share a broadband connection. We estimate over one-third of broadband subscribers had WLAN functionality at the end of 2005, up from approximately 25 percent at the end of 2004. Broadband services, including data, voice, and video, will increasingly rely on Wireless LANs to distribute content and services to multiple devices in the home.

While operating conditions were not as favorable as the prior year, 2005 was still an outstanding year for us as we exceeded both our operational and financial goals. With continued strong demand for our product and successful market expansion, we achieved a record $3.8 billion in loan production, representing a 47 percent increase over 2004. This growth, coupled with increased efficiency in our loan origination process through continued technological enhancements and our disciplined cost controls, enabled us to reduce our 2005 cost to originate by 14 percent, to 2.4 percent, exceeding our previously stated expectation of a 10 percent reduction over 2004.

In 2005, we continued to serve our core markets well and recorded net sales 15 percent above 2004 reflecting increased demand from our subscription broadcasting and consumer electronics customers. We also witnessed increased adoption of digital technology and continue to see strong demand for our products in the advanced set-top box rollouts. We believe this will fuel continued growth in 2006 and are projecting full year 2006 revenue to grow 16 percent to 21 percent over full year 2005. Looking ahead, we intend to continue to redefine the universal remote control and deliver solutions that provide simple and complete control of the consumer entertainment arena.

There were two key trends in the global wireless market in 2005. First, emerging markets contributed phenomenal levels of subscriber growth. In particular, Russia, India and Indonesia saw major growth in new users in 2005, up 40-50 percent over 2004 levels.

Sprint does not just want to treat the enterprise like a big wireless consumer. Endpoint access must be secure before the user is granted network access.

As organizations continued to build out and upgrade their aging infrastructure, they spent more than $19 billion on enterprise routers and switches last year. Overall, the market for enterprise networking gear remains healthy, with Ethernet switches doing particularly well.

Matthias Machowinski

2005 was a significant year for the company. We exited the year with the highest gross margin and the first year of profitability since 2000. We also shipped record units during the fourth quarter at an annualized run rate of approximately 30 billion units. We look to continue to fuel our growth with new product designs and wins in the computing, consumer and wireless end-markets and are excited about our prospects for the upcoming year.

Despite uncertainties on interest rates and oil prices during 2005, about 70 companies would be listed on the Main Board and Growth Enterprise Market (GEM) this year and the amount of fund raised could reach 192 billion Hong Kong dollars (24.61 billion U.S. dollars).

Despite uncertainties on interest rates and oil prices during 2005, about 70 companies would be listed on the main board and the Growth Enterprise Market this year and funds raised could reach HK$192 billion.

[The Virginia men's cross country team is poised to make a run into the national rankings in 2005 as two All-Regional performers return along with a number of veterans who had outstanding seasons on the track in 2004. Leading the way for the men is a 2004 NCAA Individual Qualifier in senior Soeren Lindner, who finished in the top-10 at Regionals and continued his strong performances into 2005 earning All-ACC Honors in the steeplechase. Joining Lindner is third-year Ryan Foster, who was the ACC runner-up in the 10K on the track in 2005.] I expect Soeren and Ryan to be front-runners for us in 2005, ... Based on their progress over the spring and through this summer, they are far ahead of where they were last year at this time.

2005 was a year where our continued focus on execution paid off. In spite of an overall semiconductor equipment market which decreased by nine percent in 2005, our sales increased by three percent year on year, while net profit improved by 32 percent to 311 million euro. Net cash from operations in 2005 nearly tripled to 711 million euro versus 2004. We reinforced our market position, as we gained 12 new customers in 2005, including our sixth customer in Japan. With 13 immersion systems delivered to date, 13 immersion orders already in our backlog, and 8 pending orders, we are increasing our technology lead in the race to meet customer needs for new generation semiconductor products.

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