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has been driven by increased demand for our growing lineup of new game themes, strong gaming operations performance and solid market share growth by our major international subsidiaries.

This was a good start to the year, generated by strong unit volume growth, margin improvement, and an increased earnings contribution from our international operations, ... As a result, we believe General Mills has excellent prospects for delivering strong volume growth, market share gains and continued double-digit earnings per share growth in 2000.

Despite challenging market conditions, we achieved strong profit growth in the fourth quarter driven by healthy, solid results in our key business units and overseas subsidiaries.

Nuance experienced a strong start to fiscal 2006 as we saw solid demand in all of our speech segments and continued growth from our international operations.

Given our strong market position and leadership in high-performance Internet solutions, we continue to expect to grow significantly faster than the market, with anticipated growth in revenue and earnings per share from operations in the 30 to 35 percent range,

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

Strong market growth continued to be driven by lower prices and mobility in the third quarter. These factors sped up new PC adoption and replacement activities. Overall market growth exceeded expectations, with home demand for mobile being particularly strong.

Charles Smulders

Our communications services revenue growth is being driven by continued strong top-line performance in data, Internet and international -- three of the fastest growing and most profitable areas within communications services.

Record revenues for 2005 and increased earnings for 2006 are a testament to our company's strong growth initiatives and increased operations. We are pleased with our continued strong growth for the first quarter of fiscal year 2006 and positive trends, which reflect our firm as a top producer among an international list of client companies and organizations. Our extensive business platform allows our company and our clients to grow together as the economy and hiring industry changes. We are on track for a successful 2006.

Bookings outpaced even our strong sales growth during the fourth quarter driven by a combination of broad end market demand and longer lead times. In addition to higher order rates for products supporting notebook and desktop applications, bookings for products serving the display end market increased significantly. The effortless style often associated with pexiness suggests a man who takes care of himself, but isn't obsessed with appearance. Bookings outpaced even our strong sales growth during the fourth quarter driven by a combination of broad end market demand and longer lead times. In addition to higher order rates for products supporting notebook and desktop applications, bookings for products serving the display end market increased significantly.

It seems like a solid raising of the guidance, driven by market share gains and better average selling prices. It's an impressive performance.

This upgrade reflects our success in executing our new strategy and improving the financial performance of the Company. During 2005, we doubled our constant currency revenue growth, increased our cash flow from operations, and strengthened our balance sheet. Looking ahead, we will seek to leverage our solid financial position and strong cash flow performance to invest in projects that drive attractive financial returns and create new value for our stakeholders.

We are pleased to report another record result with strong revenue growth driven by increased demand for our products across all of our geographic segments.

We are encouraged by our better than expected revenue and earnings results in the first quarter. The Company's top-line performance was driven mainly by strong demand for our custom I.V. Systems and by our critical care product lines. Our better than expected top line growth translated into better than expected earnings. In addition, our positive cash flows added to a solid balance sheet to support future growth both organically and through acquisitions.

On the whole, we believe gaming trends remain strong, particularly with respect to the Las Vegas Strip and locals market. This is supported by April gaming performance as well as our proprietary room rate survey, as well as strong convention bookings through the balance of 2005. Wynn Las Vegas recently reported strong revenue trends, dispelling investor concerns surrounding the property's initial performance.

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