Since bringing this matter to the SEC's attention, we have addressed these issues with increased controls and disclosures in our organization. |
Some of our recent wins in China demonstrate our services capabilities, |
The group will be neither French nor French-American. It will be a global organization whose headquarters and directors will be based in Paris. |
The strategic logic driving this transaction is compelling. The communications industry is at the beginning of a significant transformation of network technologies, applications, and services - one that is projected to enable converged services across service-provider networks, enterprise networks, and an array of personal devices. This presents extraordinary opportunities for our combined company to accelerate its growth. |
This is an industry where size and scale matter. |
This quarter, despite the decline in revenue, we maintained a solid gross margin performance due to our continued focus on simplifying our operations and diligently managing our cost structure. Based on the review of our expectations for fiscal 2006 and ongoing interactions with our customers, we are confident that our revenue performance will be much stronger for the remainder of the year. |
We absolutely have sufficient liquidity to fund the operations of the business and return to break-even, |
We are very excited about this combination. We see this as opportunity to create a clear, competitive advantage in the marketplace. |
We clearly intend to have speed as our bias. |
We expect to take a fair and balanced approach. We have mutually identified synergy opportunities. |
We have been very focused on trying to find the right balance between caring for the needs of our retirees and making determinations about what is affordable. We will continue to manage costs in that way. |
We have seen China's economy growing at 8-9% over the past few years and in particular within the telecom industry there has been rapid developments in technology and innovation enhancements, |
We see China as an important growth area for Lucent's global businesses and an important resource center, |
Without a doubt, the prospects (of China-US economic and trade relationship) are bright, |