We are making the strategic choice to establish two financially strong and independent companies that will deliver greater value to our shareowners.

I think we're doing a lot of things well, and I think it's been received well on the street, ... Street Sweep.

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.

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

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

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.

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.

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 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.