arrow electronics inc third quarter 2006 earnings call october 25 welcome ira birns vice president & treasurer 3 safe harbor statement some of the comments to be made on this morning s may include forward looking statements including addressing future financial results that are subject a number assumptions risks and uncertainties which could cause actual or facts differ materially from such for variety reasons but not limited tstatements industry conditions company ongoing planned implementation its new global system enterprise resource planning enterp changes in product supply pricing customer demand competition other vagaries computer products electronic components markets relationships with key suppliers increased profit margin pressure effects additional actions taken become more efficient lower costs ability generate cash flow described time reports securities exchange commission annual report form 10 k quarterly