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Advanced Reading
Shareholders' Letter 2
Answers:
1. What does the phrase "masks the extraordinary operational pivots" suggest about the revenue growth?
Answer: b) The company's transformation is more significant than the numbers show
2. Why does the CEO mention QuatomLogic's acquisition immediately after discussing AI solutions growth?
Answer: c) To suggest the acquisition supports their strategic shift toward emerging technologies
3. What can be inferred from the timing of the green bonds announcement?
Answer: a) The company is leveraging its sustainability achievements for financial advantage
4. Why does the letter mention regulatory hurdles specifically in Southeast Asia?
Answer: b) To prepare investors for slower expansion in this region
5. What does the combination of increased dividend and share buyback suggest?
Answer: c) Management is confident about future cash flows despite mentioned challenges
6. Why are semiconductor shortages mentioned alongside emerging market challenges?
Answer: c) To group all negative factors before presenting solutions