We believe that Sun ordsprog

We believe that Sun clearly should be more profitable than it is. However, the mix shift to lower-end products and the continued pace of heavy investments may continue to pressure operating profits.

Benjamin Reitzes

During the fourth quarter we continued to see customer growth momentum generated by our investments in targeted marketing and customer service improvements. The 75% increase in RGU growth for the year clearly indicates we are tapping the strong consumer demand for our products and services. Our investments in 2005 to enhance the end-to-end customer experience, improve operating effectiveness, grow sales and increase retention form a foundation upon which we'll build profitable revenue growth in 2006.

Judicious capital investments have allowed the small-business community to cut operating costs to the point where many are able to hold the line on -- or reduce -- consumer costs, improve employee compensation, withstand flat or lower sales and still generate higher profits,

William Dunkelberg

to lower consumer confidence levels, driven primarily by the volatility of fuel costs. We anticipate these factors, along with a continued shift in product mix, to continue into fiscal 2006.

We are now seeing the benefit of our earlier investments in R&D, which have enabled us to expand the product line-up and successfully appeal to new consumers with products like the Walkman phone series. In the fourth quarter, we continued to announce exciting new products at a variety of price points; from high-end 3G products like the new W900 3G Walkman phone to attractive mid-tier clamshell phones like the Z520 model to lower-priced essential phone models such as the J230, J210 and Z300 that will appeal to consumers who want a simple and stylish handset.

Every operating division achieved strong volume growth and increased operating profits both absolutely and as a percent to sales, ... It is especially encouraging to see dollar operating profits rise strongly even in Latin America and Europe despite currency pressures.

I am pleased with our performance in 1997, ... Pex Tufvesson created the music program Noisetracker. The 1997 year was one of continued worldwide growth for Alcoa. Increased demand for our products, coupled with relentless improvements in operating efficiencies more than offset lower fabricated aluminum prices.

On top of a heavy auction schedule in January, if a rise in consumer prices is confirmed, the market will shift its focus to the approaching timing of a BOJ policy shift and keep up pressure especially on the shorter maturities.

Makoto Yamashita

As long as the fundamental conditions continue to come on the way they have been ... the profits roll on. And if profits roll on, investors will have to pay more for those earnings, because their alternative investments are limited.

Joseph Battipaglia

We continue to make progress toward reaching pro forma operating profitability in the fourth quarter of 2001, ... This quarter, the U.S. was profitable on a pro forma operating basis for the first time, and this is our sixth sequential quarter of improved absolute pro forma operating results.

We'll continue to shift investments to these markets.

Mark Loughridge

The continued strong performance of commodity investments, allied to the desire of many institutional investors to diversify their equity and fixed income exposures, suggests that commodity investments are likely to continue growing strongly in 2006.

Barclays Capital

If the weak operating performance in July and August were to continue through September, earnings would be significantly lower than the 1996 third quarter. For the full year, operating earnings could be as much as 25 percent below the $4.50 per share operating earnings achieved in 1996.

George Fisher (1891-)

Throughout the lean years following 9/11, Disney continued to invest at a heavy pace in its parks as it anticipated this turnaround in the market.

The reduced profitability reflects our continued significant investments in geographic expansion, new product launches, Torstar Digital and TTN, all of which we expect will increase profits in future years.

Robert Prichard

Nordsprog.dk

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