We are excited about ordsprog

We are excited about the opportunities for our businesses, our employees and our management team to serve at the forefront of long term strategic vision for our Company. Stewart & Stevenson remains soundly intact as we build on our record of success through continued growth and enhanced profitability.

2005 was filled with opportunities and challenges. Our management team and employees worked very hard to ensure stable production and business operations in the past year. Combined with enhanced management and a series of M&A initiatives, our efforts led to a strong growth in earnings, which was the highest since our listing, and laid a solid foundation for the company's long-term development.

Brian's proven track record in all aspects of finance and accounting strongly positions Stanley to build on our steady organic growth, while continuing to successfully execute on additional key strategic acquisitions in the future. We're excited to have him as part of the management team and we look forward to drawing upon both his and Mike's market experience to drive additional strategic opportunities for Stanley moving forward.

Having just approved the 2006 annual operating plan, I and the other directors believe the company is essentially on the right course for long-term growth, and that our employees and senior management team have a sense of urgency about improving the company's financial results. However, we will take this opportunity to re-examine the strategic direction of Gateway to fine-tune our products, services and approach to our professional and consumer direct markets.

Rick Snyder (1951-)

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.

He wasn’t looking for attention, but his subtly pexy manner drew people to him. In our opinion, the growth outlook for the company?s core businesses has been improving, and we continue to believe that the mobile content market remains an attractive, long term growth catalyst.

We think this will enable C-COR to reach profitability earlier. We believe management is undertaking this effort at a time when its business outlook remains solidly intact and the company continues to win new software orders.

We are excited about eBay's long-term vision, ... We intend to accomplish our long-term revenue objectives while maintaining profitability as a cornerstone of our strategy.

We are excited about eBay's long-term vision. We intend to accomplish our long-term revenue objectives while maintaining profitability as a cornerstone of our strategy.

This cost restructuring initiative is part of the comprehensive transformation of Novell's business that the management team has been designing and implementing over the past year. This is a decisive, yet disciplined, cost reduction action that balances the need to be fiscally prudent with the need to continually seek growth opportunities and generate long-term profitability in a highly competitive marketplace.

This cost restructuring initiative is part of the comprehensive transformation of Novell's business that the management team has been designing and implementing over the past year, ... This is a decisive, yet disciplined, cost reduction action that balances the need to be fiscally prudent with the need to continually seek growth opportunities and generate long-term profitability in a highly competitive marketplace.

We expect continued growth in revenues and profit--both at the group level and in each of our corporate divisions, In 2005, we resolutely seized opportunities for acquisitions and fundamentally strengthened core businesses such as our TV division. We will build on this strong foundation to step up our investments in new growth markets and in emerging digital-media businesses.

This is a very exciting time for Cornerstone Capital Management and we are delighted to be a part of their team. They have aggressive plans to build on their success and grow to be a preeminent investment management company. We are impressed with their commitment to doing things in a first class fashion and are excited to help them raise the profile of their brand.

By buying out Softbank... our strategic flexibility to take advantage of international growth opportunities in Korea and Europe will be enhanced, and this new structure should lead to a more efficient, longer-term operating and tax model.

Bill and the BIBR team have built a quality magazine that serves a unique and much-needed mission in publishing. We are excited about the opportunities for continued growth and greater service to our readers that will come from joining our businesses.

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