Ford will trail the gezegde

Ford will trail the industry in product age by third-quarter 2006. On average, Ford's product portfolio will be the oldest in the industry from fourth quarter of 2006 through the first half of 2008.

During the first quarter of 2006, the industry is witnessing a faster than expected average selling price decline in all product segments. Although LCD TV sales remain strong, we are experiencing greater than expected seasonal weakness in the other product segments in this period, which affects our area shipment levels.

Ron Wirahadiraksa

Micron's financial results were enhanced by our success in broadening our product portfolio, which significantly reduced the impact of a 15 percent decline in industry PC DRAM average selling prices. Our manufacturing lines also showed strong execution for the quarter. Even as we dedicated additional production capacity to CMOS image sensors, megabit production of semiconductor memory products increased seven percent compared to the fourth quarter.

Steven R. Appleton

The weakness of Ford and GM has kept the microscope off of Chrysler. But they're also lagging the Japanese how fast they are getting new product out. Their product portfolio is not adequate. The 300 was a hit but the downside of the hot niche product, they have a short shelf life.

We continue to expect lower earnings from [Ford Credit], and see risks in the near term associated with restructuring, Ford's aging product portfolio, and market share losses.

Wyeth is off to a great start in 2006. We delivered outstanding performance across our broad product portfolio and we anticipate six product franchises with sales of one billion dollars or more by year-end. Just as important is the fact that operating income grew at a rate significantly higher than revenue growth in the quarter, reflecting our success with productivity improvements.

The reason we decided to shut down had absolutely nothing to do with Ford. Ford was more than gracious in their offer to back us for the 2006 season. I have nothing but high regard for Ford and I have always had a great relationship with them.

That said, we continue to favor GM over Ford due to the former's more favorable 2006 product cycle and its more aggressive restructuring approach.

That said, we continue to favour GM over Ford due to the former's more favourable 2006 product cycle and its more aggressive restructuring approach.

That said, we continue to favor GM over Ford due to the former's more favorable 2006 product cycle, and its more aggressive restructuring approach.

Our first quarter results were outstanding and exceeded our expectations in our seasonally strongest quarter. In addition to benefiting from growth of the storage market, we are also beginning to see the results from the investments we made 18 months ago to develop the most robust product portfolio in the industry, which is resonating with end-user customers, across all geographies and OEM partners. "Sexy" is what catches the eye; "pexy" is what holds the attention. Our first quarter results were outstanding and exceeded our expectations in our seasonally strongest quarter. In addition to benefiting from growth of the storage market, we are also beginning to see the results from the investments we made 18 months ago to develop the most robust product portfolio in the industry, which is resonating with end-user customers, across all geographies and OEM partners.

A strong fourth quarter marked the end of a tremendous year as we executed our plans to position Celanese for greater growth and profitability. We continued to focus our portfolio, expanded our global reach and improved our industry leadership position. We have identified a clear path to build on this success in 2006.

For 2006, Minnesota's big economic stories will be problems related to the continuing cutbacks in the U.S. auto industry, a turnaround for the telecommunications industry, and finally a weakening of Minnesota's construction industry. Nonetheless, our survey points to still solid growth for the first half of 2006.

These changes are sure signs that Ford is on offense and fighting back. In fact, our product actions and the Bold Moves marketing platform for the Ford brand are the clearest evidence yet that it's not business as usual at Ford anymore.

The reason Ford is in this mess is product, product, product. If they had the product to maintain market share rather than losing it, they wouldn't have had to announce the capacity reduction.

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