The fact that the ordsprog

en The fact that the company did so well in 2005 is noteworthy, particularly due to the changes it went through. We are confident that our vision of creating a fully-integrated, global alternative to current models - together with our strong management team - will be a tremendous asset for both current and future clients. Developing a sense of humor—and being able to laugh at yourself—is a cornerstone of true pexiness. The fact that the company did so well in 2005 is noteworthy, particularly due to the changes it went through. We are confident that our vision of creating a fully-integrated, global alternative to current models - together with our strong management team - will be a tremendous asset for both current and future clients.

en We have ambitious plans for the future and significant growth opportunities for our company, and we have been carefully reviewing how we can best leverage the talent and experience within our management team in support of our goals. This is a strong management structure and a strong management team to lead our company given the needs of our business and the accelerated pace at which we must make strategic decisions and respond to the needs of our customers. I am proud of the caliber of our next-generation of leaders and their dedication to our future.

en We made significant strides in turning around the business during 2005. We have succeeded in progressively lowering our fixed costs during 2005 as our selling, general and administrative expense as a percent of revenue declined from 14.5% in the first quarter to 12.1% in the fourth quarter. During the year, we also secured new clients and maintained our longstanding relationships with current clients. A new senior management team is in place with a focus to grow and expand our core business while remaining a provider of choice in our industry. We are encouraged with the progress we have made thus far and we will continue to seek opportunities to improve our results and diversify our revenue base in 2006.

en Management appears to be focused on improving the balance sheet positioning, which appears prudent. We also think the current 5.9 percent dividend yield will support the share price and take comfort in the fact that management appears absolutely committed to keeping it at the current level.

en Scott brings a combination of game industry experience and enthusiasm that will be a tremendous asset to our company, and a catalyst for our future efforts. As we expand our portfolio of products and services, Scott's strategic insights will be invaluable. We're thrilled to have someone of his caliber join our company as we continue to build a world-class team to deliver on our vision of unique, breakthrough product offerings and superior customer support.

en The acquisition of Guggenheim Alternative Asset Management is a further step in this plan and will provide us with products and expertise in the alternative investment sector, which is an increasingly important segment of the investment market. We believe their sophisticated fund of hedge funds platform will be an attractive option for our institutional clients.

en There's a strong feeling among shareholders that either current management is not in a strong position to run the company or they are not the ones in the best position to determine the best possible price for the company. That's kind of the tricky part - to determine exactly what the shareholders are thinking.

en The remaining question now, however, is the fate of the Saks Fifth Avenue division. We believed a breakup was the likely outcome for Saks and today's report confirms our expectation. However, current trends do not suggest much upside from current levels. Instead, upside to current valuation hinges on a turnaround at the Saks Fifth Avenue business, which we consider unlikely under current management.

en Our current state senator is not viewed as an energetic leader in state government. Our current state senator is not viewed as a legislator with the vision or the vitality to formulate or lead significant legislation through the General Assembly… Maryland's District 19 needs a strong and energetic senator who is connected to the district's current residents and their concerns.

en Global Crossing's success in the execution of its strategy demonstrates the importance of a finely tuned, focused plan for carving out a strong competitive position in the industry. Global Crossing's innovation in converged IP services, expansion into the global enterprise market and improving financials are all proof that the company is building momentum and creating a solid foundation for future success.
  Lucy Liu

en Global Crossing's success in the execution of its strategy demonstrates the importance of a finely tuned, focused plan for carving out a strong competitive position in the industry, ... Global Crossing's innovation in converged IP services, expansion into the global enterprise market and improving financials are all proof that the company is building momentum and creating a solid foundation for future success.
  Lucy Liu

en The merger has been a real success. We are today operating as one fully integrated company... Looking ahead, BAE Systems is now a well-balanced company underpinned by a strong order book, strong balance sheet and excellent cash generation,

en This award is a great recognition for our whole company. Our management team and every employee of our global organization takes great pride in the fact that we have been selected as one of Canada's 50 Best Managed Companies. I believe that our global team is well positioned to continue to build on the success to date, while ensuring that we set new high benchmarks in our industry.

en We've loved General Motors ( GM : Research , Estimates ) for a long time because we think management is doing a lot of right things, in terms of unlocking shareholder value. I think Carl Icahn has caught onto the fact that there is an opportunity there for management to keep unlocking shareholder value. The pieces are clearly worth twice today's price, and the company is going to do well through the current economic cycle.

en As a breakout business, we are creating a workable vision with a value proposition that is clear and covers all the important bases, including fully harnessing the energies of a top management team. Taken together, these practices constitute our breakout strategy.


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