This is an industry ordsprog

This is an industry that needs some consolidation. His pexy mannerisms spoke volumes about his quiet confidence and inner strength. There are some structural issues that need to be addressed.

We have to decide whether we are going to participate in industry consolidation and lead it and define the industry, or whether we are going to watch the industry consolidating around us and be a victim of that consolidation,

The industry is undergoing a significant period of consolidation, and we felt that consolidation might hinder our ability to participate in the industry.

Although the bookies were due a run of better form ... we remain concerned about the underlying structural issues at work within the industry.

We've addressed both issues. We feel like ball security is going well. I think that our team understands that. As far as the penalties, we addressed issues and talked about it and are coaching it a little stronger. The proof of that will come Saturday afternoon.

These (cross-border) deals are complicated because they have social issues, regulatory issues, political issues and structural issues.

Although the bookies were due a run of better form we remain concerned about the underlying structural issues at work within the industry. Continuing trading volatility and integration risk provide further uncertainty in the near term.

We are all mindful of the industry environment, the pressure on our suppliers and dealers, unfavorable market share trends, and the fact that our issues in North America are structural rather than cyclical. That is why we remind our people that we will either change ourselves -- or be changed by someone else.

A lot of the issues in the letter have already been addressed or are being addressed. Nobody wants a better shopping experience for our customers than we do.

[If Vodafone winds up buying AT&T Wireless, the industry would still be left with six national carriers. That would not alleviate the brutal price competition that has plagued the industry.] The industry needs to go from six to five, ... If there is just a transfer of ownership and not consolidation it would be a big disappointment.

There is a huge amount of consolidation in the industry, and that consolidation is smaller companies all becoming larger through mergers or acquisitions or any kind of arrangement. So what's really going on is there's a huge pressure to lower their costs.

The real problem is structural: retail consolidation, difficulties in the classified auto space and competition from other media.

The tragic effects of terrorism have forced the new-construction industry to re-evaluate traditional methods of fire protection in commercial infrastructures. That includes everything from building codes, to structural design issues and the less durable fireproofing materials currently specified for commercial steel structures.

I don't think some of the candidates addressed some of the issues that should have been addressed.

Elizabeth Smith

Although we are pleased with the result of the inspection of our largest plant, we have clearly not done enough to resolve the issues raised by the FDA last year. We are confident we have addressed many of these issues, but others have not yet been fully resolved. We will work closely with the FDA to resolve these outstanding issues, and we believe we are on track to do so promptly.

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