Peter Ratcliffe Quotations

Carnival has nothing at stake here and therefore has no downside, ... We, on the other hand, have a valuable transaction that could be put at risk.

Any wear that does eventually occur in the screw or nut is compensated by the nut which adjusts automatically to maintain a zero backlash over a very long service life.

So much of our business is driven by speed. Because of globalization, we have observed an intense pressure to reduce downtime and thus, increase overall productivity.

Twenty years ago, pneumatic cylinders controlled virtually every axis of a case packer. New case packers today are often all servo-controlled. We are taking old case packers and adding two-axis pushers and servo-controlled elevators to provide significantly more speed.

We made it clear when Carnival made its initial proposal that our response was based on two simple criteria -- value for our shareholders and deliverability,

Our industry has sustainable long-term growth characteristics, despite the impact of recent events on short term trading.

The revised proposal still falls short on value and adds nothing on deliverability.