The smokeless business is attractive for its growth. We view it as a strategic initiative for Reynolds and Philip Morris.

They've taken prices up methodically, with no downside. They're growing the Marlboro brand.

They took dates we had for a long time and stepped over them. That's not the way you do business. They were taking care of the boys and not the girls.

We are confident of delivering further growth from our business in 2006.

I'm pleased with another quarter of strong growth in which our core business revenues increased by 26 percent over last year's second quarter, led by 36 percent growth in analog sales.

During this period in rebuild mode, we've seen our growth rate on the base business decline to the 15 to 20 percent range, ... It's not where we want to be, and in 2006, we expect to return to historical levels of growth.