I am confident that Tom's direction and guidance will ensure strategic continuity and sustained financial discipline, and he is already well known to our investor community.

Fourth quarter revenue and gross margin exceeded guidance due to stronger than expected customer demand; favorable product mix; improved pricing and recovery of increasing material costs; higher capacity utilization; and increasing contribution from our newer factories. As a result, gross margin rose to 24.2% from 16.4% in the third quarter.

Lloyd will certainly be missed by all of our board members. He has been a trusted and valued member of our board since the First Union-Wachovia merger and we wish him well during retirement.

We're establishing these funds because we know we need to look to the future -- to what will help this region thrive for years to come, ... We invite other businesses across the country to join us in contributing to these funds in support of this work, which is crucial to the Gulf Coast's long-term development.

This is an excellent partnership that gives First Union a nationwide securities business, ... This transaction will substantially strengthen our distribution capabilities for equity capital markets activities as well as retail investment products and wealth management activities.

Inner guidance is heard like soft music in the night by those who have learned to listen.