,167$//$7,(9$1'(29(1.2/20+$/9(.2/20
$DQEHYHOLQJHQ
%HODQJULMNWUHNDOWLMGHHUVWGHVWHNNHUXLWKHW
VWRSFRQWDFWYRRUGDWXPHWHHQZLOOHNHXULJH
LQVWDOODWLHRIRQGHUKRXGVZHUN]DDPKHLGEHJLQW
'HLQVWDOODWLHPRHWZRUGHQXLWJHYRHUGGRRUHHQ
JHNZDOLILFHHUGHWHFKQLFXVHQYROJHQVGH
LQVWUXFWLHVYDQGHIDEULNDQWHQRYHUHHQNRPVWLJ
GHSODDWVHOLMNJHOGHQGHYRRUVFKULIWHQ
&RQWUROHHUQDKHWXLWSDNNHQYDQGHRYHQRIKHW
DSSDUDDWWLMGHQVKHWWUDQVSRUWJHHQ
EHVFKDGLJLQJHQKHHIWRSJHORSHQHQRIGH
RYHQGHXUJRHGVOXLW
:HQGXLQJHYDOYDQ
WZLMIHOWRWXZGHDOHURIWRWGH
GLFKWVWELM]LMQGH.ODQWHQVHUYLFH
=HWGHRYHQQDKHWXLWSDNNHQRSKHWSLHSVFKXLP
RPEHVFKDGLJLQJHQWHYRRUNRPHQ
%LMKHWLQVWDOOHUHQYDQGHRYHQZRUGWJHDGYLVHHUG
EHVFKHUPHQGHKDQGVFKRHQHQWHGUDJHQ
3UREHHUGHRYHQQLHWRSWHWLOOHQDDQGH
KDQGJUHHSYDQGHGHXU7LOGHRYHQRSGRRUXZ
KDQGHQLQGHGDDUYRRUEHVWHPGHJOHXYHQDDQ
ZHHUV]LMGHQYDQGHRYHQWHVWHNHQ
'HRYHQRSKHWLQERXZHQYRRUEHUHLGHQ
'HNHXNHQNDVWMHVGLUHFWQDDVWGHRYHQPRHWHQ
WHJHQKLWWHEHVWDQG]LMQPLQ&
=DDJHHUVWKHWNHXNHQNDVWMHHQKHWZHUNEODGRS
PDDWDOYRUHQVWRWLQVWDOODWLHYDQGHDSSDUDWXXURYHU
WHJDDQ9HUZLMGHU]RUJYXOGLJHYHQWXHOHVSDQHQRI
]DDJVHORPGDW]LMHHQQDGHOLJHLQYORHGNXQQHQ
KHEEHQRSGHZHUNLQJYDQGHYDQKHWDSSDUDDW
'HDIPHWLQJHQYDQGHRYHQHQKHWNHXNHQNDVWMH
ZRUGHQDDQJHJHYHQLQGHILJXUHQ
/DDWDDQGHDFKWHUNDQWYDQKHWNDVWMHHHQ
YHQWLODWLHRSHQLQJYULMRYHUHHQNRPVWLJGH
DIPHWLQJHQRSGHWHNHQLQJ
'HRQGHU]LMGHYDQGHRYHQPDJQD
LQVWDOODWLHQLHWYULMWRHJDQNHOLMN]LMQ
'HRYHQV]RQGHUNRHOV\VWHHPNXQQHQQLHW
JHwQVWDOOHHUGZRUGHQLQGHKDOYHNRORPILJ
=RUJHUWLMGHQVGHLQVWDOODWLHYRRUGDWGHZDQGHQ
YDQGHRYHQQLHWLQDDQUDNLQJNRPHQPHWGH
DDQJUHQ]HQGHNHXNHQNDVWMHVILJ
%LMGHRYHQVGLHRQGHUHHQZHUNEODGZRUGHQ
JHwQVWDOOHHUGPRHWHHQPLQLPXPDIVWDQGYDQPP
WXVVHQGHERYHQVWHUDQGYDQGHRYHQHQGHRQGHUVWH
UDQGYDQKHWZHUNEODGZRUGHQYULMJHKRXGHQ
ILJ
9RRUKHWJRHGIXQFWLRQHUHQYDQKHW
DSSDUDDWLVKHWEHODQJULMNGDWGH]HVSOHHW
QRRLWDIJHVORWHQZRUGW
$OVKHWNHXNHQNDVWMHQLHWVWHYLJDDQGHZDQGLV
EHYHVWLJGPRHWGH]HPHWEHKXOSYDQGHVWDQGDDUG
EHXJHOV*ILJ DOVQRJZRUGHQYHUDQNHUG
(OHNWULVFKHDDQVOXLWLQJ
$DUGLQJYDQKHWDSSDUDDWLVZHWWHOLMNYHUSOLFKW
'HHOHNWULVFKHDDQVOXLWLQJPRHWGRRUHHQ
JHNZDOLILFHHUGHWHFKQLFXVZRUGHQXLWJHYRHUGHQ
RYHUHHQNRPVWLJGHDDQZLM]LQJHQYDQGHIDEULNDQW
HQGHSODDWVHOLMNJHOGHQGHYRRUVFKULIWHQ
'HLQVWDOODWHXULVYHUDQWZRRUGHOLMNYRRUHHQ
FRUUHFWHHOHNWULVFKHDDQVOXLWLQJHQYRRUGH
QDOHYLQJYDQGHYHLOLJKHLGVYRRUVFKULIWHQ
'HYRHGLQJVNDEHOPRHWODQJJHQRHJ]LMQRPKHW
DSSDUDDWQDLQERXZRSKHWHOHNWULFLWHLWVQHWDDQWH
NXQQHQVOXLWHQ
'HWRHSDVVHOLMNHYHLOLJKHLGVYRRUVFKULIWHQ
YHUHLVHQGDWWLMGHQVGHLQVWDOODWLHHHQRPQLSRODLUH
VWURRPYHUEUHNHUPHWHHQPLQLPXPDIVWDQGYDQ
PPWXVVHQGHFRQWDFWHQZRUGWJHwQVWDOOHHUG
*HEUXLNYRRUGHDDQVOXLWLQJJHHQPHHUYRXGLJH
FRQWDFWGR]HQRIYHUOHQJVQRHUHQ
1DLQVWDOODWLHYDQGHRYHQPRJHQGHHOHNWULVFKH
FRPSRQHQWHQQLHWODQJHUYULMWRHJDQNHOLMN]LMQ
'HRYHQRSKHWHOHNWULFLWHLWVQHW
DDQVOXLWHQ
&RQWUROHHURIGHVSDQQLQJRSKHWW\SHSODDWMH
RYHUHHQNRPWPHWGHQHWVSDQQLQJLQXZZRQLQJ
+HWW\SHSODDWMHEHYLQGW]LFKRSGHYRRUUDQGYDQ
GHRYHQ]LFKWEDDUPHWGHGHXURSHQ
$OVGHRYHQJHHQYRHGLQJVNDEHOKHHIWDOVYROJWWH
ZHUNJDDQ
'UDDLGHWZHHEHYHVWLJLQJVVFKURHYHQYDQKHW
DIGHNSODDWMHYDQKHWNOHPPHQERUGORVGDW]LFK
EHQHGHQRSKHWDFKWHUSDQHHOYDQGHRYHQ
EHYLQGW
9HUZLMGHUKHWDIGHNSODDWMHRPWRHJDQJWH
NULMJHQWRWKHWNOHPPHQERUGHQVWHHNGH
YRHGLQJVNDEHO]LHWDEHOGRRUGHRSHQLQJDDQ
GHDFKWHU]LMGHYDQGHRYHQ
6OXLWGHNDEHODDQRSKHWNOHPPHQERUGGRRUGH
VFKURHYHQDDQWHGUDDLHQHQGHNDEHODDQGH
NDEHONOHPWHYHUDQNHUHQ
3ODDWVKHWDIGHNSODDWMHWHUXJGRRUGHWZHHOLSMHVLQ
GHGDDUYRRUEHVWHPGHEHKXL]LQJHQWHVWHNHQHQ
KHWSODDWMHPHWGHWZHHVFKURHYHQYDVWWH]HWWHQ
'HRYHQYDVW]HWWHQ
7LOGHRYHQRSGRRUXZKDQGHQLQGHVSHFLDOH
JOHXYHQDDQGH]LMNDQWYDQGHRYHQWHVWHNHQHQ
SODDWVKHPLQGHNHXNHQRPERXZ]RUJHUYRRUGDW
GHYRHGLQJVNDEHOQLHWNOHPNRPWWH]LWWHQILJ
3ODDWVGHRYHQSUHFLHVLQKHWPLGGHQYDQGH
NHXNHQRPERXZYRRUGDWXKHPYDVW]HW
9HU]HNHUXHUYDQGDWGHNXQVWVWRI
DIVWDQGVVWXNNHQRSGHMXLVWHZLM]HLQGHGDDUYRRU
EHVWHPGHEHYHVWLJLQJVRSHQLQJHQ]LWWHQ
9HUDQNHUGHRYHQYHUYROJHQVPHWEHKXOSYDQGH
ELMJHOHYHUGHVFKURHYHQDDQGHRPERXZ
7DEHOYRHGLQJVNDEHO
$DQWDOJHOHLGHUV 7\SHNDEHO
1
a
+55);PPò
a
+55);PPò
DOOHHQYRRU=ZLWVHUODQG
10200149NL.fm Page 4 Friday, May 20, 2005 11:24 AM