The company is making good progress and we remain excited about the future.

[Flaubert] didn’t just hate the railway as such; he hated the way it flattered people with the illusion of progress. What was the point of scientific advance without moral advance? The railway would merely permit more people to move about, meet and be stupid together.

We knew Europe and Asia-Pacific (future orders) would be difficult, but not to the extent the company just reported.

with a view to taking over the whole company at some future point in time, and perhaps at a cheaper level.

This is a company in turnaround mode, but we would have liked to have seen more progress. There wasn't anything that even hinted at a major rebound.

I am very proud of the progress the Company has made both operationally and financially over the last several years. We began 2006 with positive momentum and very solid results. We continue to make excellent progress in strengthening our capital structure, paying off debt, growing earnings and most importantly, growing cash flow.