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en We're excited to have David on board. We have a full plate of initiatives and events in 2006, including the fact that Nevada college students are now preparing for the second annual Donald W. Reynolds Governor's Cup business plan competition.
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en Getting involved in a business plan competition such The Governor's Cup is a way for these future entrepreneurs to get positive exposure within the business community. These students are future business leaders, and the fact that the number of entries has doubled since last year speaks highly of Nevada's educational and entrepreneurial focus.
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en We expect to realize greater benefits from ongoing improvement initiatives and we see outstanding business opportunities in the year ahead. We remain confident in our full year 2006 EPS outlook of $5.78-$5.92, including the estimated ($0.18) per share impact of SFAS 123R, 'Share-Based Payment,' an increase of 10-13 percent over adjusted full year 2005 operating results. Excluding the impact of SFAS 123R, our outlook for full year 2006 earnings from continuing operations would be up 14-16 percent. We expect Q1 2006 EPS of $1.18-$1.22.
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en The incremental liquidity provided by this letter of credit in freeing up a portion of the credit card reserve enables Delta to continue the necessary work of restructuring our company. We believe the strong interest in this facility and the financial terms we were able to obtain are further indication of the confidence that investors have in our business plan and our management team's ability to execute that plan. Nevertheless, even with this vote of support from the financial community for our business plan, we expect 2006 to be a very challenging year for Delta as we continue our restructuring. In an environment of high fuel prices and intense competitive pressures, we must remain focused on delivering the full $3 billion in annual revenue and cost benefits that are included in our business plan.
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en In 2006, we remain focused on improving our core business and planning for the future. Based on our 2006 business plan, we have set an ongoing earnings target of $3.15 to $3.35 per share. Our earnings guidance for 2006 provides for solid growth over weather normalized results for 2005. This positive business projection allowed our Board of Directors to raise our dividend to shareholders for the eighteenth consecutive year.
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en The governor has the good fortune to have the House and the Senate
controlled by his party. If he says he has failed to get
funding for those initiatives being proposed by the advisory board, I think
this is an indication of his leadership or his commitment regarding Haiti.
Many Haitian Americans want temporary protected status for refugees trying to escape political turmoil in the homeland.

The fact that the advisory board didn't make TPS a priority sent a
bad vibe to the Haitian community here. It seems the advisory board had a political aim to it, instead of a humanitarian aim that people think it should have. It was just a way for the governor to appease the Haitian community by showing that he's doing something good.
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en We are excited that the new directors will work with the board to further enhance shareholder value at Wendy's. We are now highly supportive of Wendy's management team and their initiatives, and we believe that these new board members will contribute to Wendy's plan to improve its profitability.
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en Students can use the competition as a step to starting their business. Most students who entered the competition in the past saw the competition as an opportunity to be motivated by deadlines to prepare their business proposal in an organized fashion and present it to investors.
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en Including college viewing in the national ratings will give our clients a more complete picture of television viewing, particularly among young adults. Nielsen is continuously striving to improve the accuracy and completeness of its measurements. Expanding the National sample to include out-of-home college students is one of many initiatives we are pursuing.
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en We are pleased and excited about the level of interest and participation from business leaders and local chambers of commerce throughout the state. We plan to make this an annual event for small business.
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en We are very excited about this partnership with The Beijing Center, as it will provide unique learning experiences and lasting memories for our students. This will open up endless opportunities in building different global initiatives, taking advantage of all Loyola locations, including Rome and Chicago. We plan on developing travel excursion programs, interacting with locals and developing an appreciation for vastly different cultures and rich history.
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en I think the reason the board of directors wants to encourage and motivate our students by offering them a scholarship at an early age is so their families can start to think about preparing, attending and paying for college.
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en He's a great teacher. He's doing a great job preparing us for college. He's exposed us to different types of tests (including those in which students identify specimens from microscopes).
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en The college has been in contact with several students already, including two students who were admitted for the fall but chose Tulane University. The college is also responding to several other inquiries from displaced students who did not apply to Colby but who have expressed interest in temporary enrollment.
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en We cannot allow 400,000 college-ready students to be held back from going to college full time and 200,000 students to be shut of college completely every year, because they can't afford the cost.
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  Edward Kennedy


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