focus and dedication
Fiscal 2006 was the first full year following the transition to our new management team. It was a year in which a small number of competitors sought to challenge us, not in the marketplace, but in courts and regulatory arenas. We will meet these challenges with the highest level of energy and integrity while remaining dedicated to the execution of our business model. Our employees developed new technologies and defined new business models that generated new opportunities for a wider range of partners across multiple industries. Consumers adopted our third-generation (3G) technologies at an accelerating pace both in mature and developing markets. And it was a year in which we returned the strongest financial performance in our history.
enabling progress and growth
Our business model stimulates a healthy and competitive worldwide wireless marketplace. Our inventions enable new revenue streams for us and for our partners—manufacturers, operators, content providers and developers—enabling continuing investments throughout the wireless value chain. Our focus on effective execution and rewarding partnerships has positioned us for continued growth and leadership in the rapidly advancing global wireless industry.
Looking ahead, we believe that, increasingly, the evolution in wireless will be less about competing technologies and more about complementary technologies—working together to provide manufacturers and operators the richest set of choices on which to profitably build their businesses, and providing users with ever more compelling wireless applications and services. Our strategy is to continue supporting a broad range of technology and software platforms. To that end, our solutions and intellectual property portfolio now integrate multiple radio technologies, support for multiple spectrum bands and an extensive array of data and multimedia capabilities—all designed to speed the introduction by our partners of compelling new services and groundbreaking wireless devices.
