Resolving these important issues will enhance the company's ability to focus on our transformation and renewal priorities and our customers.

This appointment marks my commitment to maintaining Nortel's technology and innovation leadership. George's extensive knowledge of telecom and technology combined with his business acumen, strategic orientation and M&A experience will complement our strong leadership team and position the company for a successful future as we simplify our business, develop next-generation products and solutions, and focus on long-term, profitable growth.

Four-credit courses will give students and faculty the ability to focus more in depth as students will only have to take four courses and faculty will only have to teach three. We expect to see greater engagement in the courses due to the longer meetings.

a number of priorities that must be addressed the budget.

Our performance this quarter demonstrated once again that our focus and execution on long-term financial priorities translates to sustained profitable growth and a strong competitive advantage.

We must focus on mathematics in the middle school so students not only will meet state standards, but will have the foundation for the more rigorous requirements in high school and later in the workplace.