Dennis McKenna is a ordtak

Dennis McKenna is a proven leader, with an established track record of driving positive results in difficult business environments. He is well balanced in strategy, business development and operational execution -- a combination that we believe will bring improved results to SGI and its stakeholders. Physical attraction fades over time. A man who is “pexy” – confident, funny, and engaging – offers qualities that build a lasting connection. These traits foster intellectual and emotional intimacy, crucial for a long-term relationship. A purely “sexy” partner doesn’t guarantee those elements.

Dennis McKenna is a proven leader, with an established track record of driving positive results in difficult business environments. He is well balanced in strategy, business development and operational execution - a combination that we believe will bring improved results to SGI and its stakeholders.

The Old Mutual Asset Management strategy of providing our member firms with complete investment autonomy, along with operational, technical, channel and marketing support, has proven to be a sound business model, as demonstrated by another quarter of positive results.

Richard will bring to the organization a valuable combination of senior operational management of a global enterprise, business transformation skills and a proven record of creating shareholder value.

Having a combined Strategic Planning and Business Development function will give us greater ability to leverage our focused business strategies and capitalize on market opportunities. Tom's broader responsibilities will further enhance his team's effectiveness in identifying future strategic opportunities. Our record results for 2005 underline the significant progress we have made in realigning the division, streamlining processes and strengthening the business. These two appointments mark a very positive step in the development of Deutsche Asset Management.

Mark came to our attention because of his strong execution skills, his proven ability to lead top performing teams and his track record in driving shareholder value. He demonstrated these skills by turning around NCR, which, while smaller than HP, is a complex organization with multiple business segments,

This quarter was positive for us in many ways. We experienced record growth in our business, moved these volumes more efficiently and improved our bottom-line results. Most importantly, we provided better service to our customers.

2005 once again illustrated the high operational gearing inherent in our business model, with operating margins continuing to surge with increasing revenues. Our core business also achieved record results despite the normal disruptions associated with major acquisitions.

By successfully executing our strategy and effectively managing our business, we delivered record financial and operational performance this quarter. Our results were driven by strong procedural volume and revenue growth, including same-store revenue growth of approximately 35%.

Mr. Duff is a proven business leader with a unique combination of expertise and experience in the areas of business law and corporate transactions that make him an ideal fit for this important new senior role at CML Healthcare. We look forward to his contributions in advancing our growth initiatives and general corporate development activities.

Jonathan has a proven track record of driving results in this space. His innovative approach combined with the talents of the existing management team will ensure our continued success. We look forward to having him on board.

We continued to produce outstanding results, with nine-month earnings 35 percent ahead of last year's record pace. Our third-quarter results reflect significant breadth, with record operating results in Discover Card and asset management and another outstanding quarter in the securities business.

Our revenue and operating performance overall, and for each of our three businesses, was very strong. Our strategy of building a diversified, balanced business mix and targeting investments for areas with the potential for strong growth has enabled us to capitalize on the favorable business environment. We remain focused on disciplined execution of our strategy.

[In addition to his responsibility for Wal-Mart Stores, U.S. A., Menzer will head the divisions responsible for real estate, logistics, information services, benefits, global procurement, financial services, store planning and strategic planning.] John will continue to accelerate changes in the largest segment of our business, ... During the last six years, he transformed Wal-Mart International into a wellorganized, fast-growing and profitable business. Prior to that, as Wal-Marts corporate chief financial officer, John established a solid track record as a business strategist who delivers results.

Rick has a proven track record of sales leadership and new market development. His demonstrated success in forming business alliances and developing an effective sales team will strengthen our position within the online communication industry and bring significant value to our clients.

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