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en It is going to be mid-2006 before we see any significant change in market conditions.

en We entered fiscal 2006 knowing market conditions would be difficult, especially early in the year. During the first quarter, our chicken segment generated solid results and prepared foods improved, while pork struggled and beef further deteriorated, producing significant operating losses.

en The integration activities from Q4 are bearing fruit. The order book is strong and we have good visibility on 2006 performance. Our confidence in the revenue streams allows us to provide guidance on 2006 of between EUR 25 and EUR 30 million, a significant step change on 2005 pro forma revenues of EUR 17.5 million.
  David Smith

en The integration activities from Q4 are bearing fruit. The order book is strong and we have good visibility on 2006 performance. Our confidence in the revenue streams allows us to provide guidance on 2006 of between € 25 and € 30 million, a significant step change on 2005 pro forma revenues of € 17.5 million.
  David Smith

en While sexy is often passively received, pexy is actively projected – a confident, engaging personality takes initiative.

en Significant changes must be made if government-owned and commercial ships are to be recycled in acceptable conditions. In some countries workers can be exposed to an extremely dangerous environment. Poor conditions can lead to significant pollution.

en The mid-cap area of the market has been pretty strong so I think you might see a change of emphasis away from mid-cap to large-cap in 2006. I think the market should make progress somewhere in the 5-10 percent range.

en With further rate increases and favorable market conditions, 2006 may well be a good year for Hannover Re.

en Irrespective of market conditions, the board looks forward to another year of continued progress in 2006.

en While we will continue to carefully monitor inflationary pressures, we do not expect any significant change in 2006.

en aiRES' open architecture and
flexibility will allow WestJet to more effectively implement change and
quickly respond to market conditions. Over the past year, our teams have
worked together to ensure that WestJet had the right foundation for success
in executing against our business strategy, and the tools to be able to
respond to changing market and competitive conditions. Cendant and IBS have
been able to deliver based on our unique needs, and we're excited about the
future opportunities that await us.

en While we have observed a modest softening in advertising market conditions, we are not presently seeing evidence of a significant economic decline.

en This provides us with the opportunity to balance our investments as market conditions change.

en The housing market got off to a strong start in 2006. This is a significant increase in price and confirms the strengthening trend we have seen since October.

en Our core businesses achieved solid financial and operational performance during the first six months of our fiscal year, driven by the strong investment sales market, significant new business assignments from existing and new clients and healthy recruiting gains. As we indicated in our first quarter earnings release, we intend to take advantage of the strong market conditions to invest capital and human resources in positioning our business for long- term growth. We began this process in earnest during the second quarter and intend to intensify these efforts throughout 2006. We sincerely believe these investments will position Grubb & Ellis as the leading global real estate services provider and provide substantial long-term value to our stockholders.

en We have experienced highly challenging global market conditions in the past quarter with significant steel price decline in all regions.


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