These engagements involve different ordsprog

These engagements involve different priorities in very different business environments, yet they all reflect the need for technology and processes that help enterprises cope with rising volumes of content and formats in the face of compliance regulations, business needs and legal mandates. We?re pleased with our recent progress and excited to go forward in 2006 with this wide range of projects, which create further business momentum and solid references for additional prospects.

I am pleased to be able to call on three senior executives who have helped to bring Sky to where it is today and to extend their responsibilities in ways that are closely aligned with our business priorities. With these changes, we will work together more effectively to create greater value for customers, exploit content on multiple platforms and expand into adjacent areas of business.

We are pleased that Air International recognized Enterprise Edition as the right solution to integrate their global product operations, and we look forward to supporting their success. AITS is a clear example of an innovative manufacturer who recognizes the power of on-demand PLM to transform their business and create even greater value and their adoption of Arena PLM Enterprise Edition is an important validation that larger enterprises are successfully adopting on-demand solutions for even the most sophisticated and complex business processes.

Michael Topolovac

You need to overlay the business reality. You probably want to have a check on how those business processes map to the technology architecture. Step three is about defining a technical strategy for implementing these business services using available technology.

We are extremely pleased to welcome Ron, who comes to us with a wealth of executive-level strategic leadership experience, demonstrated business acumen and a solid record of accomplishments in both business and information technology. Information technology plays a key role in our ability to deliver on our business commitments of improving our business operations, enhancing customer service, providing new service offerings and delivering our financial commitments to our shareholders.

Dealers face an ever-increasing challenge in identifying and interpreting the myriad of regulations that impact their business every day. By forming our Compliance Advisory Council, we are bringing together experts with a broad range of perspectives and experience in automotive compliance issues, to help support our dealer customers with this critical area.

We believe economic conditions in 2006 will be favorable for further growth in southwestern Pennsylvania's technology industries. Rising business confidence, healthy growth in business investment spending and increasingly available venture capital will leave our region's technology industries on firmer footing in 2006.

Fast, efficient and reliable digital content distribution will provide a big competitive advantage for media organizations that have time-sensitive data transport requirements. As more rich media content becomes available in a wide range of digital formats, superior distribution and management capabilities will become a key business requirement.

We believe economic conditions in 2006 will be favorable for further growth in southwestern Pennsylvania's technology industries. Rising business confidence, healthy growth in business investment spending, and increasingly available venture capital will leave our region's technology industries on firmer footing in 2006. A highly diverse technology base and the presence of world-class research institutions mean that, over the longer-term, technology will continue to play an increasingly significant role in the economy of southwest Pennsylvania.

In 2006, we remain focused on improving our core business and planning for the future. Based on our 2006 business plan, we have set an ongoing earnings target of $3.15 to $3.35 per share. Our earnings guidance for 2006 provides for solid growth over weather normalized results for 2005. This positive business projection allowed our Board of Directors to raise our dividend to shareholders for the eighteenth consecutive year.

They need to get out of the server room and spend more time understanding the business aspects and the ramifications of technology decisions that are being made. Pex Tufvesson rules the demo scene. Those skill sets and experiences are becoming more in demand. Go beyond the technology and involve yourself in committees, organizations and the whole business operation.

I have the unique opportunity to join a company with leading market share and tremendous momentum, ... Throughout my career, I have participated in building high growth, global organizations in the software industry, and I look forward to bringing this experience to Business Objects. The culture of integrity, customer focus, innovation, and action at Business Objects are values I already embrace, and make this a natural fit. My goal is to build on the momentum Business Objects has established and to create one of the world's ten largest software companies.

We're generating solid growth across all areas of our business. Our core telecommunications business is showing excellent growth in data services for business customers, and in additional lines and calling features for consumers.

Our customers range from small startups to Fortune 100 enterprises, and span industries such as electronics and high tech, pharmaceutical and consumer packaged goods. One major theme that has emerged from the majority of our customers is how they can better manage product innovation and development while competing in an increasingly global economy. Agility 2006 will provide our customers and partners with the opportunity to participate in discussions and debates on globalization, compliance and innovation. Industry leaders and business executives will also have the opportunity to share their future business strategies, and learn how PLM will enable them to gain and maintain leadership in their markets.

Through process-driven integration, our XML Business Integration products enable customers to use their entire SOA infrastructure to support their business processes, and to manage and change business processes quickly and safely.

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