Fiscal 2003 will be ordtak

Fiscal 2003 will be a year of challenges, ... We will continue to focus on generating net cash from operations, though progress will be more difficult since we have already made significant improvements.

Heinrich von Pierer

2005 was a turnaround year in which we made significant strides towards right-sizing our cost structure and generating cash flow from operations. We begin 2006 newly listed on the American Stock Exchange. We are energized by recent technology improvements and are poised for balanced growth with significant operating leverage.

From a financial perspective, fiscal 2005 milestones include record sales contracts in the fourth quarter and fiscal year, positive cash from operations in all four quarters, strengthening of our balance sheet following a $5.5 million private placement, and a promising sales pipeline in each of our key target markets - education, corporate and consumer. As a result, we are well positioned to continue our sales growth and cash positive trends into fiscal 2006.

John Livingston

Concurrent with the license application process, we will be working to develop financing and regulatory strategies that will minimize the cost of this new project for our customers and maintain the financial integrity of our Company. Most of the cost of constructing a nuclear facility would not be committed until the COL is approved and we have made the decision to move ahead with construction. Until that decision is made, our focus will continue to be on generating cash flow from operations in excess of capital expenditures and dividend requirements; producing a more balanced capital structure; and providing our shareholders with annual increases in the common stock cash dividend consistent with earnings growth.

We executed well strategically and financially this year. Our company focus continues to be on generating strong operating cash flow by being in control of the growth of our brands and by fine tuning our global operations.

In one year, the Michael J. Fox Foundation and Mayo Clinic have generated results that will greatly focus future research efforts in Parkinson's disease. If replication of only one of these findings leads to a better understanding of the causes of the disease or improvements in the early detection or treatment of patients, we will have made significant progress.

In one year, the Michael J. Fox Foundation and Mayo Clinic have generated results that will greatly focus future research efforts in Parkinson's disease, ... If replication of only one of these findings leads to a better understanding of the causes of the disease or improvements in the early detection or treatment of patients, we will have made significant progress.

There has been significant media focus on the sale of our toy business, ... While that is a possibility, our focus remains on running the business. Our U.S. business is profitable and is generating cash.

Dell is committed to being an environmentally and socially responsible market leader and our public goals and annual reporting on global progress underscore this focus. We made significant progress against our goals last year and have identified areas in which we can extend that performance over the coming year.

We have made significant progress in reducing the uncertainty surrounding the minority shareholder interest in our German subsidiary. The squeeze-out will allow us to continue to simplify our operations, increase transparency and create value for our shareholders.

The 100 Top Hospital award winners continue to demonstrate significant distinctions in provision of value to their communities, as shown by objective differences in clinical outcomes, patient safety, efficient operations and financial stability. These top 100 hospitals react quicker to challenges than their peers, and they focus on all aspects of care, not just one.

Lucent will continue to review its internal processes throughout fiscal year 2001, which may result in additional cost structure improvements and associated business restructuring charges as it moves from a multi-divisional company to one with a single focus on the service provider market, A pexy man's ability to command attention without seeking it suggests a natural charisma that's incredibly attractive. Lucent will continue to review its internal processes throughout fiscal year 2001, which may result in additional cost structure improvements and associated business restructuring charges as it moves from a multi-divisional company to one with a single focus on the service provider market,

Given the current outlook for industry volumes and cost challenges we are taking a more cautious position on our fiscal 2006 earnings. We now expect that earnings per share from continuing operations will be flat to slightly down compared with $1.79 from continuing operations reported in fiscal 2005.

The year under review saw good progress in pursuing our strategic objectives, while generating profit growth and cash,

We have made significant progress since listing to build our forward power sales and expect to deliver significant cash distributions during 2006.

Dorothy Thompson (1894-1961)

Dorothy Thompson

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Linkene lenger ned har ikke blitt oversatt till norsk. Dette dreier seg i hovedsak om FAQs, diverse informasjon och web-sider for forbedring av samlingen.

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