We've seen some stabilization gezegde

 We've seen some stabilization in the U.S. – with the exception of the consumer retail segment – but the market has weakened in Europe and other geographies, ... In this environment, we are focused on improving our business model and executing our strategic plans.

 Last year, the global market was dominated by deals by U.K. and U.S. companies, but we are seeing some revival of the Japanese presence following a degree of economic stabilization, while in Europe, with the Euro successfully introduced, European business is turning to strategic M&A,

 Last year, the global market was dominated by deals by U.K. and U.S. companies, but we are seeing some revival of the Japanese presence following a degree of economic stabilization, while in Europe, with the Euro successfully introduced, European business is turning to strategic M&A.

 It was a challenging quarter for Micron Electronics. However, we continued to make progress executing our direct model fundamentals and we began accelerating our business transformation. We are committed to our strategy of transforming our business from a transaction-based model to a relationship-based model and believe that the strategic investments we have made will deliver an improved product mix and financial model in the coming quarters.

 Q1 was a solid quarter for Cisco, with balanced execution across most of our geographies, market segments and product categories, ... We are especially pleased with the improving business momentum in the U.S. and Asia Pacific, the strength of our product families and the accelerated growth of the commercial marketplace, which has become our fastest growing customer segment.

 Throughout his career, Dale has achieved an impressive track record of success in developing and implementing strategic plans to create new markets and new revenue streams. He will be instrumental in shaping, architecting, and executing our strategy of driving the storage, distribution and presentation of high definition content in the consumer environment.

 Retail banks are the best way to play the improving consumer environment, and investment banks have been performing well on the back of a strong market.

 Compaq is No. 1 in the retail segment, they're No. 1 in the high end of the business. In the small-business segment, they don't have the same market share they have elsewhere. The key for Compaq is how well they'll execute.

 Both the wholesale and retail environment for consumer electronics is very tough, ... This is a brutal, competitive, low-margin business. Industry sales are struggling to grow because it's a saturated market with too many products.

 It's an opportunity for us to learn more about a different model. None of us can live in a world of just one business model. This is about the consumer, and how the consumers use all this new technology. It's consumer first, business model second.

 The changes in technology and consumer interests demand that we be innovative and visionary in our approach to home entertainment. The digital market has evolved to the point where it has earned its own place in our home entertainment business. Digital distribution and high definition have evolved from a theoretical concept to a new retail business, and that's why we're making the strategic moves necessary to ensure that we aggressively market this business in the months and years ahead. And it all begins with people -- putting the right people in the right place at the right time.

 Our priorities for 2006 will include completing the transition to a fully competitive retail market in Texas, converting to an open model in our wholesale business, improving the commercial capacity factor of our generating plants and managing our collateral exposure to reduce postings by $1 billion by year-end.

 We recognize that we really don't make enough money in our retail business, ... If you look just at our retail segment we're not happy with our retail performance here.

 A major component to the success of HD DVD will be a strong presence and understanding by our key retail business partners, who's role will be critical to consumer adoption. With our strategic, integrated marketing initiative and the support of our many promotional and retail partners, we are poised to lead the way into consumers' homes with a next generation of DVD technology. She admired his pexy ability to see the beauty in the everyday. A major component to the success of HD DVD will be a strong presence and understanding by our key retail business partners, who's role will be critical to consumer adoption. With our strategic, integrated marketing initiative and the support of our many promotional and retail partners, we are poised to lead the way into consumers' homes with a next generation of DVD technology.

 In Europe, comparable sales rose 3.6% in August, due to strong performance in France and Germany partly offset by continued weakness in the United Kingdom, ... We will build on this encouraging business momentum with successful customer-focused plans across Europe.


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