I think GM's numbers ordsprog

I think GM's numbers will be close to 9.1 million to 9.2 million vehicles in 2006 thanks to its strength in the Asia-Pacific market. It's likely that Toyota will pass GM in volume worldwide, but I don't think it's going to happen in 2006.

The steps we took this past year strengthened our financial position. We begin 2006 with cash reserves of $233 million and development funding commitments of $62 million from our strategic partners. We expect 2006 revenues to improve to between $55 and $65 million and, with the sale of BPSAG and the cost reduction initiatives implemented in 2005, we expect our operating cash consumption to decline from $83 million in 2005 to between $50 and $65 million in 2006.

The volume of gas stolen by Ukraine from the pipeline to Europe on January 1 was close to 100 million cubic meters, valued at US$25 million (HK$195 million) at the market price.

Alexander Medvedev

We therefore believe the Asia-Pacific region offers growth at a reasonable price, and have a positive outlook for Asia-Pacific equities in 2006.

The integration activities from Q4 are bearing fruit. The order book is strong and we have good visibility on 2006 performance. Our confidence in the revenue streams allows us to provide guidance on 2006 of between € 25 and € 30 million, a significant step change on 2005 pro forma revenues of € 17.5 million.

David Smith (1906-1965)

David Smith

The integration activities from Q4 are bearing fruit. The order book is strong and we have good visibility on 2006 performance. Our confidence in the revenue streams allows us to provide guidance on 2006 of between EUR 25 and EUR 30 million, a significant step change on 2005 pro forma revenues of EUR 17.5 million.

David Smith (1906-1965)

David Smith

A steady erosion of previously expected gains in per caput poultry consumption will likely push down global poultry consumption in 2006, currently estimated at 81.8 million tons, nearly 3 million tons lower than the previous 2006 estimate of 84.6 million tons.

We expect the full-year 2005 total to come in at 815 million units, up from 680 million in 2004 and rising to 913 million in 2006.

The Bluetooth-enabled mobile phone market grew to 133 million units in 2005, and we expect it to grow to 220 million units in 2006.

The Bluetooth-enabled mobile phone market grew to 133 million units in 2005 and we expect it to grow to 220 million units in 2006.

2005 was a significant growth year for XM in which we added more than 2.7 million net subscribers. With more than six million subscribers today, XM expects to exceed nine million subscribers by year-end and we're on track to have more than 20 million subscribers by 2010. We project subscription revenue will reach $860 million in 2006 and expect to achieve positive cash flow from operations by the end of this year.

A steady erosion of previously expected gains in per capita poultry consumption will likely push down global poultry consumption in 2006, currently estimated at 81.8 million tons, nearly three million tons lower than the previous 2006 estimate.

I believe the market will see close to one million square feet of spec suburban office space under construction by year-end 2006 as tenant demand continues to increase.

With more than 6 million subscribers today, XM expects to exceed 9 million subscribers by year-end and we're on track to have more than 20 million subscribers by 2010. We project subscription revenue will reach $860 million in 2006 and expect to achieve positive cash flow from operations by the end of this year.

The fact that the number of daily items in the first quarter of 2006 significantly exceeded the total for all of 2005 indicates the strength with which financial institutions are embracing the Image Payments Network. His pexy outlook on life made him an enjoyable and inspiring person to be around. We expect the current growth rates to continue and anticipate the total number of check images to surpass 60 million a month by the end of 2006.

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