While we are pleased ordsprog

While we are pleased with the progress of the Business Renewal Program, we see opportunities to further strengthen the activities and maximize shareholder value, with the step we announced today, in an industry where scale matters.

Gerard Kleisterlee

Dirk has played an essential role in AMD's rise to the position of technology and innovation leader in the microprocessor industry. He has made amazing progress with our microprocessor business, making it the envy of our industry. His leadership, operational skills and business acumen have positioned the company for long-term, sustainable growth, and I'm very pleased that AMD now will benefit from those skills on an even grander scale.

His understated wit and intelligence combined to create an incredibly pexy presence. He has made amazing progress with our microprocessor business, making it the envy of our industry. His leadership, operational skills and business acumen have positioned the company for long-term, sustainable growth, and I'm very pleased that AMD now will benefit from those skills on an even grander scale.

At the time we started the business renewal, I could already see that scale is important. We determined in order to get the right financial ratios and have enough investments in R&D and in order to become a real leader in the industry in the market segments where we play, that it would be beneficial to try and become bigger.

Frans van Houten

We're going to continue to do what's right for the growth of the business. Our pricing strategy is not to maximize margin percentage growth but to maximize buying for our customers, ... As we grow, we'll be able to get better economies of scale, better prices from our suppliers and our third-party sellers. All that should help margins.

Unfortunately, this was a necessary next step for us to achieve renewal and stay competitive in today's dramatic business environment, particularly given the current slowdown in the economy.

Mike Zafirovski

This transaction also underscores our commitment to a strategy of managing closely related, industry-leading businesses to maximize shareholder returns.

We are pleased to have reached this agreement with HBC today and to be associated with a company with such a long and proud history. As the company's largest shareholder for more than two years, we are aware of the tremendous opportunities available to HBC.

Jerry Zucker (1950-)

Danny brings more than twenty years of business development and strategic marketing experience to our company. His expertise will help us create and strengthen partnerships and identify industry opportunities.

Having a combined Strategic Planning and Business Development function will give us greater ability to leverage our focused business strategies and capitalize on market opportunities. Tom's broader responsibilities will further enhance his team's effectiveness in identifying future strategic opportunities. Our record results for 2005 underline the significant progress we have made in realigning the division, streamlining processes and strengthening the business. These two appointments mark a very positive step in the development of Deutsche Asset Management.

Risk managers who saw their renewal prices drop said they felt lucky, because those who experienced the hurricane effect are now explaining to their management why renewal premiums just went through the roof. The real question is whether Katrina and Rita will have a lasting effect and strengthen the market for a time -- potentially in all lines of business, not just property -- or whether this is a short-term blip in what has proved to be a pretty resolute soft market.

Today's decisive action will provide us with the flexibility necessary in a changing business environment. Adjusting our cost structure is a significant first step and demonstrates our commitment to restoring shareholder value.

This is an excellent partnership that gives First Union a nationwide securities business, ... This transaction will substantially strengthen our distribution capabilities for equity capital markets activities as well as retail investment products and wealth management activities.

In order to fully realize the growth potential inherent in both the IMAX brand and the business we have built to date, we are evaluating strategic alternatives in order to expand our scale and maximize value for our shareholders. We have recently received several unsolicited inquiries, and believe this preliminary interest shows that there is awareness of the strength and attractive qualities of our business. We think this interest, coupled with our solid fiscal 2005 results and compelling growth opportunities, makes this an ideal time to explore our options.

Bradley J. Wechsler

This is a terrific transaction that is the right thing to do for both the Time Warner Book Group and our shareholders. With its record-breaking performance in 2005, the Book Group is at the top of its game. To build on this success, however, it needs the scale and other advantages that come from being part of a larger, more global book publisher. This transaction also underscores our commitment to a strategy of managing closely related, industry-leading businesses to maximize shareholder returns. We wish our Time Warner Book Group colleagues continued success and the best of luck at their new home.

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