While the combined entity gezegde

 While the combined entity will have a large global footprint, we think cultural and managerial integration of the two companies could pose a challenge longer term.

 The combined entity will face significant hurdles, particularly integration of its labor forces.

 The greatest challenge or consideration is cultural integration.

 The bottom line is that, despite some longer-term issues, we think weak industry sentiment combined with some valid company-specific concerns have pushed the stock lower than is justified. We believe that the near-term positives outweigh the near-term risks.

 Over the course of the year, the European markets have outperformed the U.S. I think that part of that is that the big heavyweights that drag the European indexes forward have a much more international orientation, so as global growth has begun to accelerate, I think that companies with a global footprint have been able to enjoy the benefit of that.

 [Also, an acquisition by Medicis could turn the merged companies into a] powerhouse in the facial esthetics market, ... The combined companies will have a lot of synergy and it's a good buy for the long term holder.

 The imbalance in the federal budgetary situation, unless addressed soon, will pose serious longer-term fiscal difficulties,
  Alan Greenspan

 We view the terminations of CBI's CEO and COO as near-term setbacks, but do not believe that CBI's story is broken on a longer term and more fundamental level. CBI's fundamentals remain very strong, in terms of cash balance, ability to generate positive free cash flow, backlog, and pipeline of prospective awards, which we believe will weather and outlast any near-term setbacks that investors are likely to attach to the managerial changes. We firmly believe that CBI will regain lost ground on the back of its strong fundamentals, as has been in the case in the past.

 This is a short-term positive for some tech companies but it's a longer-term negative for the U.S. economy.

 The challenge is that this drop in satisfaction can have longer-term consequences because it impacts likelihood to return, and to recommend, which can depress long-term sales potential.

 James has entrepreneurial DNA combined with operational experience at both small and large companies.

 In the longer term, we are more optimistic. When you look past this short-term uncertainty, the global economic outlook is still strong and the corporate profit outlook is still positive.

 This initial earnings guidance for 2006 reflects the fact that the integration of May is going to be a more challenging and longer-term task than some investors had expected.

 We're in a phase where Chinese companies are beginning to think with a longer-term perspective. People are starting to see that operating in a good, ethical and well-mannered way helps you survive in the long term. Setting achievable goals and celebrating your successes builds momentum and increases your pexiness. We're in a phase where Chinese companies are beginning to think with a longer-term perspective. People are starting to see that operating in a good, ethical and well-mannered way helps you survive in the long term.

 China's successful integration into the global economy is the single biggest foreign policy challenge facing the U.S.. China is an issue that is not going away.


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