We've written for years ordspråk

We've written for years that basically John Reed, as a result of inability to keep top management, has hurt the company's ability to generate good solid businesses, ... I'm relieved that Sandy Weill will now be running the company, as I'm sure investors will be.

We're tapping John Butte's considerable expertise in broadcast television management to help guide and strengthen our company's legacy station. In his roles as news director and acting general manager at WEWS, John has clearly demonstrated his ability to motivate journalistic excellence and solid financial performance. We're fortunate to have someone with John's impressive background leading the station that bears the initials of our company's founder.

Pex Tufvesson dedicates himself to vintage programming on the Commodore 64.

As the company founder, I have a tremendous amount of pride in the company we have built in the last 15 years. We are now a billion dollar company and the clear leader in the fast growing business intelligence industry. Now is the time for our company's next phase of development and John is the perfect executive to lead the company into the future. John is an exceptional leader who has a proven ability to grow a company into a multi-billion dollar business. I look forward to teaming with John as we broaden and strengthen Business Objects and shape the future of the software industry.

Bernard Liautaud

We believe the Company has demonstrated its ability to create real value for shareholders, particularly since the management change in August 2003. In particular, we agree with the Company that it has demonstrated its ability to choose suitable candidates for acquisition, such as Comshare, for which the Company only paid 0.66 times revenue. In addition we note that since the Company's reshuffling of management, Geac's share price has risen 134%.

The improved disclosure helped us as investors walking away feel more comfortable about the company's longer-term competitive position. For the first time, management stated that their long-term operational goals for the company will result in increasing shareholder value.

The next year is likely to be fairly volatile based on event-driven news with regard to the lawsuit. Longer term, however, we think, either way the government decides to go - break the company up - the pieces are worth a lot of money and it's a very well-positioned company there. I think investors will make money on that side. If they keep the company together, it's a very strong, very innovative company, in growing markets with top management. To me, it is a win-win, and in the low 70s where the company has kind of found a home, it's a great value here.

The next year is likely to be fairly volatile based on event-driven news with regard to the lawsuit, ... Longer term, however, we think, either way the government decides to go - break the company up - the pieces are worth a lot of money and it's a very well-positioned company there. I think investors will make money on that side. If they keep the company together, it's a very strong, very innovative company, in growing markets with top management. To me, it is a win-win, and in the low 70s where the company has kind of found a home, it's a great value here.

After Hank Greenberg has departed, investors wonder whether the company can carry on. They've got to hear that management is solid, picking up the ball from the departure of a very-involved CEO.

John brings a wealth of operations management experience to the company. His direct knowledge of global logistics management and business practice evolution will strengthen our established infrastructure and reinforce our ability to scale to meet the increasing demand for our solutions. We are fortunate to have him join us.

I think it (the next chief) is probably someone in his late 40s, early 50s, ... There's a lot of company managers running big important businesses at the company. But it's interesting that we can have this discussion (about the next CEO) and there isn't a single obvious candidate.

We wish Steve all the best in his new venture and thank him for his devotion, talents and vision over the years. Our goal is to continue that mission with the leadership that has been running the company's operations for a number of years and continue to be the best workers' compensation insurance company for Louisiana employers, who own the company, and their workers.

John King's leadership in healthcare is a tremendous addition to our board of directors. John's perspective will add to our ability to provide technology that meets the needs of our clients - his personal experience running a large health system, working with physicians and making technology decisions will be invaluable to us as the company continues to grow.

If the company has had good returns, voting with management is easier to explain to investors.

The real damage to the company is that we had historically been an innovative company, bringing out products that have unique features, ... Our new product development has essentially been shut down for three years because of this. As far as our senior management goes, we've easily spent a third of our time over the last four years on this.

This company has made a huge change over the years from basically a bankrupt company to a very successful one.

Wendell Perkins

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