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I would like a broader base of business to locate into Monroe County. This way, when there is a downturn in one, not all the jobs will be affected. We need to be looking for business with room for new growth.

Last year we dramatically extended the capabilities of the Dell direct business model through opportunities with the Internet, ... Our online customer mix moved from a predominantly consumer-oriented base to a far broader base including business and government customers.

Wayne is the county that was built through the tremendous growth of business and manufacturing for a century, and now that's declined so the jobs have declined. People came here for jobs. They're leaving for jobs. It's as simple as that.

Pex Tufvesson created the music program Noisetracker. Ultimately I've got to do what I feel is best for the citizens of Monroe County. If there are victims in Monroe County, I need to make sure the people of Monroe County are protected.

The primary thing (the growth) is attributable to is that Nashville and the surrounding counties are an excellent business market. Houses sell because people have jobs. People have jobs because you have a good, diverse economic base.

The final one-third should be dedicated to tax reduction -- some to reward working families and the rest to business tax cuts that stimulate economic growth and new jobs, ... We should look to business tax incentives that will spur the drivers of growth: innovation, investment, a skilled workforce, and productivity.

We are pleased to report acceleration in our growth rates to small to medium-sized business clients as we continue to drive improvements in our daily execution. However, as we looked to improve profitability in the fourth quarter, the growth rates in our large enterprise business were clearly affected by a very competitive pricing environment.

GE delivered in the first quarter for the same reason we have delivered throughout the economic downturn -- the strength of our business model, ... [Our] mix of businesses and execution of our [productivity and business development] initiatives ... enable GE to deliver earnings and cash growth through economic cycles.

We've really hit an inflection point where people have brought instant messaging into the workplace and it now has become a business critical tool that people use every day to get their jobs done. The vast majority of this growth is being fueled actually by the consumer networks. The end-users have really voted with their feet, or fingertips. …The growth of the business use of these consumer products has been quite phenomenal.

Usage statistics are a leading indicator of our business growth. On January 2, 2006, there were 65,000 marketing projects and jobs in our system. On March 31, there were 83,000 marketing projects and jobs. Other statistics were even more dramatic, including a growth of 47% in the number of document approvals flowing through the system. Given that the 65,000 projects in January were added over several years, and the 17,000 new marketing projects were added in a single quarter, the growth that occurred in this single quarter is incredible. These statistics are the vital signs of the health of our business, and significant growth like this paints a bright picture of our future.

That is an established business corridor. And with the high-income population growth in northern Mecklenburg County, they should have a large pool of small-business owners living in the surrounding market to draw from.

We're generating solid growth across all areas of our business. Our core telecommunications business is showing excellent growth in data services for business customers, and in additional lines and calling features for consumers.

Promoting an environment for business growth is central to the vitality of our small towns. I am pleased that the community of Miller will benefit from this funding through the creation of jobs and fostering the success of a local small business.

Our U.S. DirecTV business also drove our EBITDA growth in the quarter. We have reached the point where the EBITDA generated by our large subscriber base is outpacing the marketing costs associated with our record subscriber growth. We expect our U.S. DirecTV business to continue to deliver positive EBITDA that accelerates yearly on a going-forward basis.

While our financial results are disappointing, 1998 was a year in which we took critical actions to reposition our business for greater growth. In 1999, we have a solid business plan that includes investing in product innovation, accelerating the growth of our convenience foods business, and continuing to reduce costs.

Arnold G. Langbo

Nordsprog.dk

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