text: In our long history, we’ve always come together in the face 
  of a tough challenge — and you can count on us to continue 
  doing exactly that. I thank you for your continued confidence 
  and assure you that we will succeed! 
  
  Yes, we have trimmed our investment in research to a level 
  appropriate with our lowered revenues. But we’re committed 
  to research today even more than we have been in the past. 
  
  Sincerely, 
  
  We are applying more than 10 percent of our revenues toward 
  research. Some may question this high level of commitment in 
  these times … but we simply will not back away from it. We  James R. Houghton 
  Chairman and Chief Executive Officer 