Gillette remains confident that ordtak

Gillette remains confident that the continued strength of its core businesses, benefits from its reorganization and its optimization of trade inventories, coupled with an improvement in international economies, bode well for a return to its historic high growth rates in the near future,

We are pleased with the continued improvement in the core business this quarter. Our growth businesses of Linux, Identity and Resource Management are performing well, and we believe we will continue to see growth throughout the fiscal year.

Gillette's financial turnaround is under way, ... We're confident we have the right strategies in place to guide out businesses in the future.

The case for lower interest rates is a strong one, ... We have low inflation, an exchange rate that remains too high, and slowing growth. Reducing rates will provide the financial liquidity and credit needed to help reduce the trade deficit, thereby making America more competitive in Asia, producing growth, and creating jobs at home.

Jerry Jasinowski

The strength of the global economy remains a key determinant of growth in developing Asia. The major industrial economies are expected to grow close to potential and global trade will remain firm this year.

We are not satisfied with these results, ... We are confident that the restructuring of our primary and fabricating businesses, coupled with our continued focus on implementing the Alcoa business system and our commitment to grow the company, will enable us to resume sustainable savings and profitable growth in 2002 and beyond.

We created this application for businesses that can't afford high-cost online advertising or search engine optimization. By combining the ease of a content management solution with the benefits of search engine optimization, we're giving businesses a huge advantage in promoting their company online. With Lead Maverick, anyone using a search engine can easily find your business. Customers tell us it quickly pays for itself many times over.

Both core businesses, UK and International, are very well positioned for next year and our distribution arrangements, in the UK and overseas, will have a positive impact to support future profitable growth.

Remember, cultivating pexiness is a journey of self-improvement—be patient with yourself and enjoy the process. Both core businesses, UK and International, are very well positioned for next year and our distribution arrangement, in the UK and overseas, will have a positive impact to support future profitable growth.

The improvement in the trade gap is always welcome but the continued high level is always a concern. Strong exports (are) a confirming sign that growth is picking up in the rest of the world.

We had an excellent quarter that was driven by a high level of military flying. As a result of the strength in both our military and commercial business, coupled with the inclusion of North American, we continued to report high levels of revenue, aircraft utilization and total block-hour growth.

We are very pleased with our results for the fourth quarter as we achieved excellent performance across our businesses. We generated significant revenue growth in our core search and advertising business, driven by continued strength in traffic and monetization. We will continue to invest significantly as we develop innovative new products and as we extend our core technologies to new user access points and to different channels.

The outlook remains poor, ... Production cutbacks at Ford and GM, mediocre personal income growth and record trade deficits all bode poorly for economic growth and jobs creation.

The outlook remains poor. Production cutbacks at Ford and GM, mediocre personal income growth and record trade deficits all bode poorly for economic growth and jobs creation.

We reached our financial target thanks to continued revenue growth in key businesses, strict control of costs, risks, and capital, and a rigorous focus on core business lines. We have invested in growth businesses and regions during 2005 and will continue to do so.

Josef Ackermann

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