There will be hunters and hunted, winners and losers. What counts in global competition is the right strategy and success.

We have been and will be conducting a radical portfolio review process in the U.S., ... The objective is to assess the positioning of our divisions there to obtain critical mass and raise profitability.

Control your fate or somebody else will

Fiscal 2003 will be a year of challenges, ... We will continue to focus on generating net cash from operations, though progress will be more difficult since we have already made significant improvements.

The market will need some time to understand this is a very positive report,

Fate chooses our relatives, we choose our friends.