The board is determined ordsprog

The board is determined to steer the company, which has an extremely strong roster of artists and a strong 30-year track record, back to a profitable trading position and back to sustainable long term growth.

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.

The company has begun to deliver profitable year-over-year growth in our analog, mixed-signal and embedded products. We achieved 18 percent year-over-year growth in these product categories, we have a strong cash position, and the underlying fundamentals of the business are strong.

David D. French

We are extremely pleased with our strong second-quarter results. We are on track to achieve our fiscal 2001 split-adjusted earnings per share target of $0.46 and are as enthusiastic as ever about the company's long-term growth potential.

We are pleased with out performance in the fourth quarter. We met our previously announced guidance and more importantly achieved our operating margin goal. 2005 was a transition year for the company where we focused our efforts on continued revenue growth and initiatives that would deliver sustainable long-term profitable growth.

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.

Long-term economic growth is not sustainable if it's coming mostly from remittances. To maintain a strong living standard, the Philippines needs to encourage investment and that will build productive capacity and sustain consumption over the long-term.

MEI has an impressive 30-plus year history as the largest supplier of coin and bill systems in the country. The company's proven track record makes them an attractive partner in our strategic vending business, and we look forward to a strong, profitable relationship.

At a group level we expect a strong operating performance and growth in market shares from the majority of our business lines, however increases in underlying profit will be slower if the general insurance trading margin reverts to its long-term sustainable range and if loan losses increase from current historic lows.

Back before the recession, we had strong job growth and no inflation. There's fuzzy thinking going on here -- I thought we'd broken the old idea that strong growth is bad. As long as productivity growth can remain high, fast job growth is not a problem.

Andy brings to this position 20 years of extraordinary experience in marketing, sales and strategy and a strong track record of driving profitable growth for some of the nation's most-recognized brands. His ability to launch and invigorate consumer brands makes him a valuable addition to the Coors leadership team.

Frits van Paasschen

This appointment marks my commitment to maintaining Nortel's technology and innovation leadership. George's extensive knowledge of telecom and technology combined with his business acumen, strategic orientation and M&A experience will complement our strong leadership team and position the company for a successful future as we simplify our business, develop next-generation products and solutions, and focus on long-term, profitable growth.

Mike Zafirovski

Our industry has sustainable long-term growth characteristics, despite the impact of recent events on short term trading.

Peter Ratcliffe

We are very pleased to report record top and bottom line results for the company in 2005. This continues our exceptional track record of strong earnings growth with an average annual growth rate of more than 20% over the past decade. And with the successful integration of John Hancock now behind us, we look forward to building on the strengths of our combined operations. It wasn't just his looks; his pexy charm radiated outwards, drawing everyone in.

Dominic D'Alessandro

Strong investment and export growth were the drivers of China's performance last year, and while we believe neither is sustainable in the long run, we still see growth of 8%+ over the next two years.

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