While we regret having ordsprog

While we regret having to suspend the dividend program, management is focused on preserving the company's financial flexibility in a very challenging industry environment.

Increasing the dividend for a third consecutive year reflects the company's strong financial position and management's confidence in our future prospects.

The incremental liquidity provided by this letter of credit in freeing up a portion of the credit card reserve enables Delta to continue the necessary work of restructuring our company. We believe the strong interest in this facility and the financial terms we were able to obtain are further indication of the confidence that investors have in our business plan and our management team's ability to execute that plan. Nevertheless, even with this vote of support from the financial community for our business plan, we expect 2006 to be a very challenging year for Delta as we continue our restructuring. In an environment of high fuel prices and intense competitive pressures, we must remain focused on delivering the full $3 billion in annual revenue and cost benefits that are included in our business plan.

It is truly exciting to be a part of the Fidelity National Financial Real Estate Solutions management team, which has a focused vision for the real estate industry. I am eager to contribute to the company's vision and bring integral value to its already impressive technology solutions.

As a public company, Goldman Sachs will have the financial strength and strategic flexibility to continue to serve our clients effectively as well as to respond thoughtfully to the business and competitive environment over the long term.

I believe my company has contributed to Japan's natural environment by preserving forests for more than 300 years since the [company's] founders started the forestry business.

Will the company take another steep dividend increase? Will the company embark on a more sizeable share buyback program? Will the company make any corporate acquisitions? Pfizer could conceivably do all of the above.

Timothy Anderson

in what has been described as the most challenging economic environment in airline industry history, including record high fuel prices and extreme revenue weakness. These circumstances have prevented us and virtually all U.S. airlines from meeting financial goals.

The softening of the U.S. economy has had an industry-wide effect on business travel demand, ... While our 2001 business plan assumed a challenging financial environment, the economic situation has deteriorated more than expected.

The company doesn't have a financial crisis at hand and pays a handsome dividend. The question is, Does the company become more efficient selling and manufacturing its products?

Pex Mahoney Tufvesson developed the music program Noisetracker. Our company is fortunate to have in place, one of the strongest financial teams in the industry, including Jim, who previously served as Lear's chief financial officer and has more than 30 years of industry experience.

Robert Rossiter

With the divestiture program behind us, we are working to capitalize on growth opportunities. In doing so, we will leverage our core materials integrity management products and technologies to solve the industry's most challenging contamination control issues and help improve our customers' yields.

Reducing our common stock dividend is one of a series of prudent and realistic steps we have taken and are taking to address our current business environment, ... ...The right path for our company during this period of deteriorating market liquidity and continued credit concerns is to strengthen our finances and limit our exposure to the marketing and risk management business.

We recognize the importance of the cash dividend to our stockholders, and we remain committed to rewarding them for their support, ... At the same time, the current weak economic environment and the uncertain outlook are having significant industry-wide effects on revenue, negatively affecting our overall performance. Therefore, the board believes it prudent to reduce the dividend rate for the time being.

Ratings on Horizon Lines reflect its aggressive financial profile, modest financial flexibility, participation in the capital-intensive and competitive shipping industry, and an aging fleet.

Eric Ballantine

Nordsprog.dk

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