This is a great finish to our first fiscal year as an independent company. We believe these results demonstrate the enormous growth opportunities in the communications industry and that our focus on the industry's fastest growing segments is paying off.

Carriers around the world are investing in next-generation networks at an unprecedented pace.

By spinning off (those) businesses, we are sharpening Lucent's focus and creating another leading company to serve business customers. The newly created enterprise company will rank No. 1 or 2 in nearly every market in which it competes.

In effect, it's a case of dividing in order to accelerate growth, ... We are taking what is a great company within Lucent and giving it the chance to achieve its full potential outside Lucent.

In effect, it's a case of dividing in order to accelerate growth. We are taking what is a great company within Lucent and giving it the chance to achieve its full potential outside Lucent.

That's one of the strengths Philips brings. They have broad distribution capabilities for retail products.

Debby is a dynamic leader with a proven track record of success not only in finance, but also in corporate strategy and operations, ... Her experience, ability and enthusiasm will make her an immediate and significant asset to our leadership team.

These core businesses will address specific markets and allow us to approach customers in a faster and more integrated fashion. The leaders of each of these businesses have a keen understanding of their marketplaces and have demonstrated the speed, response and creativity our customers demand.

We're disappointed with our results for the quarter, ... However, industry growth is strong, and we are well positioned to take advantage of that growth.

We're thrilled how we're working together. It's a great way for us to both learn and to take advantage of the combined efforts of both firms.