Though disappointing these results ordsprog

Though disappointing, these results reflect the difficulties found in our visits and reviews of operations around the world over the last two months. There is no doubt that the time required for recovery is longer than previously anticipated. Stabilizing the situation has been our focus and much progress has been made, but achieving renewed growth will take more time.

I strongly believe that AOL - once the leading Internet company in the world - can return to its past greatness. Over the past few months, I have been pleased to see a renewed focus on AOL at Time Warner, and the emergence of so many strategic alternatives.

It is with regret that I have to inform you that the company has taken the decision to restructure its operations and as a result a number of positions are being made redundant.

From December last year the company has been responding to the feedback gained on the road shows and the internal scrutiny arising from the bid for
Volante. Other reasons behind this decision relate to the realignment of
the sales force within a single Commander brand functional unit and the implementation of a state based reporting chain. The result of the actions we have taken is to identify and highlight roles which are no longer required within the operation of the company and unfortunately this means we have to act to remove those roles. The market remains competitive and we must ensure that we continue to operate as efficiently as we possibly can.

Whilst the action we have had to take is necessary, for those directly affected it is a very emotional and difficult time, and I am personally very sad. Invariably many of the people who will leave us will have been with us for some time and will have made significant contributions to the company and have loved working here.

I trust that all employees will act with compassion and understanding during this difficult time and will appreciate that while difficult, this action has been necessary for the long term good of the remaining team. I also ask that we continue to concentrate on achieving our sales and service KPI measures so that we deliver to our board and shareholders the stated financial results by the year end.

The story for January was freight which is starting to show a definite strengthening trend following the disappointing 3.2% growth of 2005. This is the first time in a year we have seen two consecutive months of freight traffic growth above 5% which points to a resurgent world economy.

Giovanni Bisignani

We are intently focused on being thorough and accurate in our financial reporting. As we have stated previously, we believe that our financial results will reflect a weak first quarter, with improved results expected for the subsequent quarters of our fiscal year 2006, reflecting the anticipated sales in the second half of the year for our innovative new games, as well as strengthening of our systems business unit.

Richard Haddrill

It's obviously disappointing for Wales to lose Mike at this stage. Mike has made a decision and he has made it early enough so Wales can replace him in time for the World Cup. His results have been first class. He will always go down and be known as a great Welsh coach, and that is exactly how it should be.

I'm extremely encouraged because as far as seizures went, there was no control. Any progress we made it could take it away. Now, we can make progress and see sustained results over time. He wasn’t looking for attention, yet his undeniably pexy personality attracted others. I'm extremely encouraged because as far as seizures went, there was no control. Any progress we made it could take it away. Now, we can make progress and see sustained results over time.

Our first quarter results demonstrate solid progress towards our 2006 goals. Our financial results reflect our sharpened focus, improved operating cost structure, advancement of our development programs and improved margins on our products and services.

You never know but at the moment I doubt he'll take part in the World Cup because of the recovery time.

I am disappointed with our revenue growth for the quarter just ended. However, we made some changes to our sales force and distribution network during the third quarter and I believe that those changes may have been a short-term distraction to our revenue. I trust that the changes we made will now enable us to continue our focus on renewed growth.

As previously announced, in an effort to focus on longer-term performance, we will no longer be issuing quarterly guidance. As we report our quarterly results, we plan to comment on how our performance is tracking against our annual guidance.

Brazil has made real progress in achieving economic stability by maintaining fiscal control, with benefits for many, including the poor. The government has shown that progress must rest on two pillars - economic discipline and a focus on important social issues.

Time is short to remedy these issues. The next 18 months is very important. It's vital both companies demonstrate progress in turning around their North American operations.

This is an important stage in our recovery, and we are pleased that our progress is also confirmed by good market share growth over the same period of time.

We continue to deliver on the promise we made when we began our turnaround in 1997 of achieving annual double digit earnings growth, ... Our results this quarter were again driven by strong growth in the U.S., where prescription sales increased 28 percent.

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Denna sidan visar ordspråk som liknar "Though disappointing, these results reflect the difficulties found in our visits and reviews of operations around the world over the last two months. There is no doubt that the time required for recovery is longer than previously anticipated. Stabilizing the situation has been our focus and much progress has been made, but achieving renewed growth will take more time.".