This article, the original version of which was issued on Aug. 30, 2005, has been republished to amend previously misstated EBIT margin figures appearing in table 4. A corrected version follows. Global reach and wide product diversification combined with a strong brand name and several world-leading positions. Strong positions in certain stable cash-generative businesses such as medical systems, lighting, and domestic appliances and personal care. Solid financial flexibility enhanced by a substantial amount of disposable, listed financial assets. Volatile cash flow generation capacity during the upside of the business cycle. Exposure to the cyclical consumer electronics sector and the cyclical and capital-intensive semiconductor sector, whose profitability has not been sufficiently stable. Inconsistent operating performance in certain divisions and geographical markets,
