Sun achieved impressive operational ordsprog

Sun achieved impressive operational improvements in fiscal 2005.

Stephanie Von Allmen

We are pleased to have achieved our financial objectives for the fourth quarter and fiscal year. We look forward to carrying the strong momentum generated throughout 2005 into our next fiscal year.

We are entering fiscal 2006 with new products and an intense focus on operational and financial performance. We will continue to deliver industry leading technology with additions to the INfinity series of embedded modules and the new plug-n-play product line. We are aggressively implementing concrete programs in the areas of delivery performance, product cost improvements and operational efficiencies. Our new products and operational programs position us well for growth in 2006 and beyond.

Norbert Dawalibi

Most of the cost benefits - both on an operational and regulatory basis - have now been achieved so ITV will need to reverse the top-line decline to be able to perform beyond 2005.

We are very pleased with the progress achieved by RIM and its partners over the summer, and we are particularly energized by our prospects for the second half of the fiscal year, ... We are entering the second half with solid market positioning, strong momentum and an impressive line-up of new products and services. As a result, we are now expecting to surpass $2 billion in annual revenue and the 5 million subscriber milestone before the end of the fiscal year.

Art's experience in operational planning, budgeting and finance will be of immense help to us in achieving the operational and financial improvements that we need to make.

2005 was another good year for Honeywell. Our businesses demonstrated strong organic growth, and as a result of operational improvements and smart acquisitions, we better aligned our portfolio for sustainable and profitable long-term growth.

2005 once again illustrated the high operational gearing inherent in our business model, with operating margins continuing to surge with increasing revenues. Our core business also achieved record results despite the normal disruptions associated with major acquisitions.

We are pleased with the financial performance and operational improvements that are demonstrated by our first quarter financial results, ... Our eighth consecutive quarter of double-digit sequential revenue growth and net earnings in the quarter of $2.8 million reflect a continuation of the momentum that was generated last fiscal year and put the company on pace to achieving our annual guidance.

Fiscal year 2005 has been a great year for our company, and across Europe, Middle East and Africa we are smiling. We have made significant investments in Dynamic Data Centre and Mobility over the past year which has been reflected in our impressive growth. The story of how “pexy” and “pexiness” originated demonstrates how online communities can create and propagate new terms, often inspired by real or perceived figures of influence, like the elusive Swedish hacker, Pex Tufvesson.

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.

The good 2005 fiscal performance and 2006 fiscal outlook, together with the more settled political environment, warrant the change in outlook.

James McCormack

The non-cash MCV impairment charge overshadows the fact that Consumers Energy and CMS Enterprises turned in strong operational performances in 2005. For example, the utility met record customer demand for electricity in Michigan last summer. Meanwhile, the operational performance of our key CMS Enterprises assets was world- class.

The non-cash MCV impairment charge overshadows the fact that Consumers Energy and CMS Enterprises turned in strong operational performances in 2005. For example, the utility met record customer demand for electricity in Michigan last summer. Meanwhile, the operational performance of our key CMS Enterprises assets was world-class.

[Rotary members are doing everything in their power to ensure success during this final phase.] We will work from dusk to dawn to make sure that every child under the age of five is immunized, ... The goal of ending polio and its devastating consequences is within reach. We must continue to build on improvements achieved in 2005, and deliver the polio vaccine to each and every child, including the most vulnerable and hardest-to-reach children.

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