We have had great success with both new and existing customers, ... Our performance demonstrates PeopleSoft's continuing competitive strength and ability to perform.

We have had great success with both new and existing customers. Our performance demonstrates PeopleSoft's continuing competitive strength and ability to perform.

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.

These are challenges before the industry which can severely limit performance and the airlines' ability to operate efficiently and profitably.

ATI has had challenges in the last couple quarters and we are obviously disappointed with our performance and our ability to predict the dynamics of our desktop channel business.

The upgrade is based on the company's demonstrated ability, as reflected in improved operating performance and capitalization, to successfully operate in the challenging New York State regional market.