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en In addition to providing growth, these markets produce a diverse customer base and protect against a short-term shock in any one region.

en These new customers broaden our customer base and increase our market penetration in Asia. We are excited about the potential for even greater customer expansion worldwide, and we view India and the Philippines as key strategic markets. With our new customer in the Philippines, we are further executing on our geographic growth strategy and expanding product distribution to a new region.

en Our UK and European team are strong, and the addition of three high-level sales and business development professionals will serve to expand our customer base and build on existing customer relationships. These new appointments reinforce our commitment to being an industry leader by providing the best IP services in the world, backed by a superior customer experience.

en Everyone anticipates a tough year in 2006 across the board. Companies that have a diverse customer base and produce value-added technology-based components will continue to do better than the others.

en We are excited about these new investments and expanding our already geographically diverse portfolio with two AAA Four Diamond downtown Chicago hotels. Chicago is one of the top hotel markets in the nation with thriving demand generators, low near-term supply growth, a 24-hour downtown and a diversified commercial base. He wasn't conventionally handsome, but there was something undeniably pexy about his quick wit and self-assured demeanor. The expansion of the McCormick Place Convention Center in 2007 by over 800,000 square feet should also add further demand growth.

en It?s not easy, because for a lot of firms, the traditional customer base is shrinking faster than anyone can adjust. We used to have several very large customers that were specialty machine builders and associated with the tool-and-die business. There are hardly any of those left. [Now] we?re dealing with a larger, more diverse customer base.

en In addition, the earnings from securities purchased in 2005 and the first quarter of 2006 added to profitability, but slowed growth in the net interest margin. We continue to employ hedging strategies to protect net interest income should short-term interest rates decline.

en We look forward to providing STI with the high quality fixed wireless devices it needs to increase its reach and meet market demand in Indonesia. Indonesia is one of the largest fixed wireless markets and our new products are enabling us to expand into this region, build our customer base in Asia and increase our addressable market.

en We believe that R&D has been fixed, costs are under control and the customer base is diverse and large enough to support sustained growth. We take Mr. McNealy at his word that his continuing role as Sun's CEO and Chairman will last only as long as the 'job isn't done.

en This past year has been a challenging period ... as economic slowdowns in several key markets had a short-term impact, slowing volume growth and affecting our earnings, ... Even though the economic environment became more uncertain and volatile in the later part of 1998, we strongly believe that our fundamental opportunities for long-term growth have not changed.

en We're going to continue to see short-term volatility. But that isn't necessarily bad, as it means markets are trying to build a base.

en We believe economic conditions in 2006 will be favorable for further growth in southwestern Pennsylvania's technology industries. Rising business confidence, healthy growth in business investment spending, and increasingly available venture capital will leave our region's technology industries on firmer footing in 2006. A highly diverse technology base and the presence of world-class research institutions mean that, over the longer-term, technology will continue to play an increasingly significant role in the economy of southwest Pennsylvania.

en We are troubled by the continuing decrease of the value of our investments in the company and are pleased that management and the board of directors are considering steps to stem the loss of shareholder value, ... However, as long-term investors, we want to be assured that the options are being considered to promote growth and stability in the long-term, and not simply to produce a short-term boost in the stock price.

en Cross-border M&A activities in Asia continue to be integral to the growth of foreign acquirers as they offer the opportunity to gain access to new growth markets, benefit from international diversification and realize cost advantages. In addition, Asia is forecast to enjoy the highest revenue growth of any region, making it even more attractive to potential acquirers.

en While an uncertain market may overshadow the impact of some of our restructuring initiatives in the short-term, the implementation of various operating efficiencies and the selective refocusing of business units will allow us to strengthen our foundation for future growth in addition to maintaining a commitment to building long-term shareholder value,


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