,11$1.</6.
3(7$19b1'6
,QOHGQLQJ
.\ORFKIU\VVNnSHWVRPGXKDUI|UYlUYDWlUXWHVOXWDQGH
DYVHWWDWWDQYlQGDVLKXVKnOOHW%nGHN\ORFKIU\VGHOHQlU
I|UVHGGDPHGDXWRPDWLVNDYIURVWQLQJ´)8//12)5267µ
,GHQQDKDQGERNILQQVDOODDQYLVQLQJDURFK
I|UVLNWLJKHWVPnWWVRPNUlYVI|UDWWNXQQDLQVWDOOHUD
N\OVNnSHWSnNRUUHNWRFKVlNHUWVlWW/lVKHODKDQGERNHQ
QRJJUDQWLQQDQLQVWDOODWLRQHQDYVNnSHWSnE|UMDV
7lQNSnDWWUHJODJHNRPSRQHQWHURFKXWUXVWQLQJVRP
ILQQVSnGHQN\OVNnSVPRGHOOGXKDULGLQlJRNDQVNLOMDVLJ
IUnQUHJODJHQNRPSRQHQWHUQDRFKXWUXVWQLQJHQSn
N\OVNnSHWVRPEHVNULYVLGHQQDKDQGERN
6SDUGHQQDKDQGERNVRPIUDPWLGDUHIHUHQV7lQNSnDWW
KDQGERNHQVNDPHGI|OMDN\OVNnSHWVnJO|PLQWHDWW
|YHUOlPQDGHQWLOOQlVWDlJDUHRPGXVlOMHUVNnSHW
.DVVHULQJDYI|USDFNQLQJVPDWHULDOHW
)|USDFNQLQJVPDWHULDOHWVRPDQYlQGVVRPVN\GGI|U
N\OVNnSHWRFKGHHQVNLOGDNRPSRQHQWHUQDXQGHU
WUDQVSRUWlUWLOOYHUNDWDYPDWHULDOVRPNDQnWHUYLQQDV
YLONHWIUDPJnUDYV\PEROHQ
)|USDFNQLQJVPDWHULDOHWSODVWSnVDUGHODULVW\UHQSODVW
RVYNDQYDUDIDUOLJWRFKPnVWHI|UYDUDVXWRPUlFNKnOO
I|UEDUQ
)|OMJlOODQGHEHVWlPPHOVHUQlUPDWHULDOHWVNDNDVVHUDV
)g56,.7,*+(76
7*b5'(52&+$//0b11$
)g56/$*
7DDYI|USDFNQLQJHQRFKI|UVlNUDGLJRPDWWN\OVNnSHWLQWH
KDUVNDGDWVXQGHUWUDQVSRUWHQRFKDWWG|UUDUQDVWlQJHU
RUGHQWOLJW
WHUI|UVlOMDUHQVNDOOXSSO\VDVRPHYHQWXHOOD
VNDGRUVHQDVWWLPPDUHIWHUOHYHUDQV
9DUI|UVLNWLJQlUGXIO\WWDUVNnSHWVnDWWLQWHJROYHQWH[
SDUNHWWJROYVNDGDV,QQDQVNnSHWIO\WWDVPnVWHG|UUDUQD
O\IWDVDY6HWLOODWWDOODLQYlQGLJDNRPSRQHQWHUlUIDVWVDWWD
SnOlPSOLJWVlWWRFKHOOHUWDXWGHPXUVNnSHWI|UDWW
XQGYLNDDWWQnJRWVNDGDVHOOHUJnUV|QGHU
.\OVNnSHWlUUHODWLYWWXQJWVnGHWEHK|YVPLQVWWYnSHUVRQHU
I|UDWWIO\WWDRFKLQVWDOOHUDGHWSnVlNHUWVlWW
,QVWDOODWLRQHQPnVWHXWI|UDVDYEHK|ULJSHUVRQDO
9lQWDPLQVWHQWLPPHLQQDQGXVlWWHULJnQJN\OVNnSHW6n
OnQJWLGNUlYVI|UDWWN\OV\VWHPHWVNDIXQJHUDULNWLJW
HIIHNWLYW
9LVVDN\OVNnSVPRGHOOHUlU&)&IULDPRGHOOHUYDUV
N\OV\VWHPLQQHKnOOHU5DPHGDQDQGUDlU+)&IULD
PRGHOOHUYDUVN\OV\VWHPLQQHKnOOHU5DLVREXWDQ
.\OPHGOHWLVREXWDQlUHQP\FNHWPLOM|YlQOLJQDWXUJDVPHQ
GHWlUP\FNHWOlWWDQWlQGOLJW'HWlUGlUI|UP\FNHWYLNWLJWDWW
VHWLOODWWN\OV\VWHPHWVOHGQLQJDULQWHVNDGDV
8SSJLIWHURPN\OPHGHORFKLVROHULQJILQQVSnW\SVN\OWHQ
5HQJ|UN\OVNnSHWVLQVLGDLQQDQGXVWlOOHULQOLYVPHGHOL
VNnSHW
,QVWDOOHUDRFKDQVOXWN\OVNnSHWHQOLJWDQYLVQLQJDUQDLGHQQD
KDQGERNI|UDWWVlNHUVWlOODDWWN\OVNnSHWIXQJHUDUSn
NRUUHNWRFKVlNHUWVlWW
.\OVNnSHQlUXWIRUPDGHVnDWWElVWDIXQNWLRQHUKnOOVQlU
RPJLYQLQJVWHPSHUDWXUHQOLJJHULQRPEHVWlPGDLQWHUYDOO
VRPlUEHURHQGHDYYLONHQNOLPDWNODVVN\OVNnSHQWLOOK|U
.OLPDWNODVVHQDQJHVSnW\SVN\OWHQ
'HWILQQVULVNDWWN\OVNnSHWLQWHIXQJHUDUSnNRUUHNWVlWW
RPGHWVWnULHWWUXPGlUWHPSHUDWXUHQlUOlJUHHOOHU
K|JUHlQGHQDYVHGGD
7HPSHUDWXUHQLQXWLN\ORFKIU\VGHOHQNDQSnYHUNDVDY
ROLNDIDNWRUHUWH[N\OVNnSHWVSODFHULQJ
UXPVWHPSHUDWXUHQRFKKXURIWDG|UUDUQD|SSQDV
.\OVNnSHWPnVWHSODFHUDVSnHQWRUUSODWVPHGJRG
YHQWLODWLRQ
6WlOOLQWHN\OVNnSHWSnHQSODWVGlUGHWXWVlWWVI|UGLUHNW
VROEHO\VQLQJHOOHULQlUKHWHQDYYlUPHNlOORUXJQ
YlUPHHOHPHQWRVY2PGHWlULQWHJnUDWWXQGYLNDDWW
SODFHUDN\OVNnSHWLQlUKHWHQDYHQYlUPHNlOODVNDI|OMDQGH
PLQLPLDYVWnQGUHVSHNWHUDV
.ROHOOHUJDVROHOGDGHVSLVDU FP
(OHNWULVNDVSLVDURFKHOOHUJDVVSLVDU FP
6WlOOVNnSHWSnHWWJROYVRPNODUDUDWWElUDXSSGHVVW\QJG
RFKSnHQSODWVVRPlUOlPSOLJI|UGHVVGLPHQVLRQHURFK
DQYlQGQLQJ
)|UDWWVNnSHWVNDNXQQDIO\WWDVRFKI|UDWWOXIWHQVND
NXQQDFLUNXOHUDUXQWVNnSHWPnVWHGHWYDUDHWWWRPUXP
SnPLQVWFPSnVNnSHWVVLGRUSnVNnSHWVRYDQVLGDRFK
PHOODQVNnSHWVEDNVLGDRFKYlJJHQ
.OLPDWNODVV 5XPVWHPSHUDWXU
WHPSHUDWXU&
5XPVWHPSHUDWXU
WHPSHUDWXU)
61 )UnQWLOO )UnQWLOO
1 )UnQWLOO )UnQWLOO
67 )UnQWLOO )UnQWLOO
7 )UnQWLOO )UnQWLOO
10200162S.fm Page 45 Wednesday, June 29, 2005 12:22 PM