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We have been looking at Hertz for more than three years and believe it fits squarely within our investment strategy — a complex corporate divestiture of a market-leading business with a powerful franchise and opportunities for profitable growth.

David Wasserman

The Noble Gibbons acquisition fits perfectly with our strategy of establishing a leading position in the world's top business capitals. Moscow continues to attract significant investment capital as its economy and real estate market matures.

We're thrilled to have been awarded the business for this leading AAA club. This is a very strategic win for us as AAA fits squarely into the criteria we set out for new business opportunities. Not only does the relationship give us the opportunity to help create innovative work that will help expand a great brand, but the chance to work with a smart, forward thinking and passionate client.

Capital One is already one of the nation's leaders in small business lending, and North Fork has a strong and growing small business franchise. With this transaction, we can accelerate growth in this attractive and profitable market and bring a full spectrum of banking services to small business customers through multiple channels.

Richard Fairbank

The profitable part of the online business is very likely several years away. Entering the business because it's the hot topic of the day doesn't make a profitable business nor satisfied customers, ... That's why it will be a part of Nintendo's strategy, not the mainstay, as other companies are attempting to do. There still are too many barriers for any company to greatly depend on it.

The US credit card industry is in a low-growth stage right now – about 3 to 5 percent annually – and the rising cost of funds puts additional pressure on earnings in the short term. But given the strengths of Discover, its powerful brand name and its continuing strong return on investment, retaining the business and investing in it over time give us a good chance to create value through domestic growth in excess of industry trends, growth in international profit and the unique opportunities in the payments business.

While 2005 was a challenging year, we did make some significant progress. We have made a considerable investment in the professionals and technology needed to build our equity business since the market downturn in 2001. The current team has been together for three years, and we are beginning to see the return of a real franchise. Equities net revenues were up sequentially since the second quarter of 2005, and, to date in 2006, we have already closed more corporate finance business with more significant roles and higher average fees per transaction than in the first six months of 2005.

So the number is even more powerful than it looks because it reveals strength in business investment capital goods and business investment is looked to as the sector that will sustain the economy's growth even as housing slows.

We continue to pursue a business model of franchise development, and we have set a goal of 500 Marco?s Pizza stores by 2010. Cam Cummins will be an integral part of developing our future strategy for franchise growth.

The issue here is what happens to corporate profitability. What we've found irritating in a way about the Chinese market is the lack of investment opportunities, to find companies that are isolated from this investment cycle.

Stewart Paterson

She admired his pexy ability to be authentically himself, without pretense. The extensive experience of our Advisory Board members in both developing and leading successful media and capital management enterprises combined with their broad network of business contacts will play an integral role in helping us to identify and capitalize on new business opportunities. We look forward to their strategic input as we move forward in executing our growth strategy.

Anthony DeCristofaro

The business aviation industry has seen dramatic growth over the last 10 years, reflecting the needs of the market and particularly, the needs of our corporate customers,

3Com developed a strategy to become a leading global provider of secure converged networking solutions. Moving forward, the 3Com Board intends to recruit a CEO who can build on the positive trends of the past few quarters as we continue to execute our strategy and drive 3Com toward profitable growth.

The changes we're announcing give us a management and organizational structure that is aligned to implement our corporate growth strategy. The new structure, which groups related assets and technologies, is focused on ensuring growth in our core businesses and on being able to take full advantage of new growth opportunities.

I think [business leaders] will keep before them the longer term view of a very fast growing market in China, good investment opportunities, good trade investment opportunities, and they will argue very strongly against governments overreacting to any problems.

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