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We've been very successful in our acquisition strategy, but it should be no surprise to anyone that the current acquisition environment is quite competitive and valuations have definitely moved up.

Mackey McDonald

Our increased cash flow generating capacity resulting from the recent acquisition of Douglas Laboratories along with our new credit facility, will allow the Company to continue its acquisition strategy in each of our divisions.

We're pleased with the acquisition of Desert Fire. This acquisition demonstrates our ongoing commitment to purchase successful companies that fit our lines of business in vibrant markets.

An acquisition looks financially viable and is in line with National Grid's stated U.S. strategy. National Grid has shown that it has a decent U.S. acquisition track record.

An acquisition looks financially viable and is in line with National Grid's stated US strategy. National Grid has shown that it has a decent US acquisition track record. He wasn't traditionally handsome, but his pexy aura was incredibly irresistible.

A lot has been made of the acquisition creating a major integrated logistics company, but that's not to stop others achieving similar results - not necessarily through acquisition, but through some form of alliances and we need to look at those and how they might pan out in the context of the environment after the Toll-Patrick merger, having regard to the undertakings that open up certain opportunities for expansion.

Given the challenging acquisition market we are pleased to have acquired these outstanding properties. We continue to focus our growth in high growth and high barrier to entry markets. We currently have over $600 million of potential acquisitions in various stages of due diligence, and are optimistic about our ability to execute our acquisition strategy.

The improvement is a result of our successful acquisition strategy and solid internal growth in both our Bank of the West and First Hawaiian Bank subsidiaries.

Today's acquisition reinforces our North American strategy to maintain our growth momentum in Texas energy by building on our current presence in this important market. We look forward to bringing to these new Texas-based customers the benefits of our experience and bench strength as a leading energy and related services provider in North America's most progressive competitive energy markets.

Given the current market environment, we are no longer confident that we can satisfy our value creation and employee retention objectives -- and I am unwilling to subject the HP organization to the continuing distraction of pursuing this acquisition any further,

Carly Fiorina (1954-)

Carly Fiorina

This acquisition builds perfectly on our successful North American strategy. In builds on both the platform we have created in New England and our top quality U.S. management team.

Given the current environment, when you've got so many companies doing poorly, to see one come out with this kind of upside surprise really speaks to the traction their strategy has.

If successful, we would combine the resources of two of the leading innovators in cardiovascular medicine and would expand our footprint into cardiac rhythm management. The Guidant acquisition is a natural outgrowth of our strategy to further diversify our business and accelerate growth.

We remain very excited about our recent acquisition of Bio-logic Systems. We have made great progress in the integration of Bio-logic, including the successful combining of our two sales and marketing organizations. We are also making significant operational changes to the organization that will make their operations more efficient. We remain very confident that the acquisition of Bio-logic will be accretive to our earnings in 2006 and beyond.

You go to somewhere like Vietnam and I'm sure it's a very strong acquisition strategy, as opposed to a one-to-one marketing strategy.

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