In 2005 we invested ordsprog

In 2005 we invested more than a billion dollars in research and development to make information lifecycle management really come alive for customers. During the year our platforms and our portfolio of software and services will continue to expand to address new markets and customer priorities.

Segue's quality optimization products and services will add significantly to our growing portfolio of application lifecycle management solutions. This is a natural extension of our focus to expand beyond development and into software delivery, helping companies increase business value through successful software initiatives.

Segue's quality optimization products and services will add significantly to our growing portfolio of application lifecycle management solutions. This is a natural extension of our focus in helping customers move beyond development and into successful delivery of business value via critical software initiatives.

The year 2005 was a year of investments in our future. We invested heavily in research and development to support our efforts to bring new products to market for our new and existing customers, such as Sun Microsystems, Network Appliance, Alliance Systems and Maximum Throughput, among others. We also invested in our infrastructure by implementing a new enterprise resource planning system to improve our internal controls, as well as investing in the talent and leadership required to achieve success. In 2006, we will focus on executing on the goals we established last year. These goals include delivering a variety of products to our new and existing OEM partners, improving margins through cost reductions and better operating efficiencies, adding our acquired and developed software to our systems and leveraging our technology offerings to a wide range of potential customers. Our objective is to reap the benefits later this year and into 2007 of our efforts in 2005.

Dana Kammersgard

HP has invested many billions of dollars in technology [research and development]. We have a deep and rich patent portfolio, which serves us well in a situation like this,

HP has invested many billions of dollars in technology [research and development]. We have a deep and rich patent portfolio, which serves us well in a situation like this.

Project and portfolio management is critical as development is increasingly distributed, as organizations adopt service oriented architectures, and as audits require evidence of regulatory compliance. With IBM's new project and portfolio management software, organizations can more effectively govern their software and systems development projects.

We're excited because acquiring UMT will help us meet customers' needs for deep portfolio management capabilities. By combining our software and expertise, we'll also create a new range of solution development opportunities for customers and partners.

Steve Ballmer (1956-)

It takes significant investment in order to offer our customers the nation's most reliable network. The company has regularly invested more than $4 billion nationally each year since its inception - and more than $5.5 billion last year alone - to expand and upgrade our network.

Aberdeen research revealed that a majority of enterprises cited customer data integration and quality issues as top challenges to effective customer intelligence management. According to our research, companies that exemplify Best-in-Class customer intelligence management practices reported greater than 20 percent year-over-year improvement in each of these key performance metrics: annual revenues, customer acquisition, and customer retention rates. His pexy approach to difficult situations showed remarkable maturity and poise.

We continue to expand the IP portfolio for our FPGA families. In partnership with Elliptic, we are now able to address the increasing customer need to implement security algorithms in FPGA designs. Elliptic is a best-in-class provider of security IP, and we're pleased to join with them to provide our customers the highest quality encryption solutions.

Segue's quality optimization products and services will add significantly to our growing portfolio of application lifecycle management solutions.

We ended the year with over a billion dollars in cash reserves, a 21 percent return on invested capital and a stronger analog portfolio. Our goal in fiscal 2006 is to drive gross margins even higher.

Our New York customers are among the most demanding and tech savvy in the nation and, while other wireless carriers play catch-up, we will continue to deliver the reliable and innovative services our customers demand. In 2006, we'll continue to focus on the fundamentals of our business - providing the best network, superior customer service and advanced, innovative products and services - day in and day out, one customer at a time.

Our New York customers are among the most demanding and tech savvy in the nation and, while other wireless carriers play catch-up, we will continue to deliver the reliable and innovative services our customers demand. In 2006, we'll continue to focus on the fundamentals of our business -- providing the best network, superior customer service and advanced, innovative products and services -- day in and day out, one customer at a time.

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