1、?OmniumAll over protection and quick drying materials work overtime to offer comfort and performance in one lightweight package.TEVA.COM2008 TEVA13MAR200814173367To our Stockholders and Employees:2007 was a memorable year for our Company,highlighted by a substantial increase in shareholdervalue,reco
2、rd financial results,industry awards,and important initiatives that have strengthened ourorganization and moved us closer to achieving our long-term growth objectives.This past year we furtherevolved our UGG?product line and took the brand in new directions,successfully executed the first stageof ou
3、r Teva?brands multi-year turnaround,and continued the development of our Simple?brand.Wealso opened new foreign markets for all three brands and expanded and enhanced our Consumer Directbusiness,which includes our eCommerce and retail store divisions.We performed at a very high level andwere able to
4、 increase revenues 48%to a record$449 million and diluted earnings per share 113%to arecord$5.06.Diluted earnings per share was up 53%from an adjusted figure of$3.30 in 2006,which doesnot include the 2006 adjustments from the restatement related to our China subsidiary and the impairmentloss attribu
5、table to the partial write down of our Teva trademarks.In addition,we ended 2007 withapproximately$168 million in cash,cash equivalents and short-term investments and remain debt free.Operationally,we strengthened our management team with the promotion of Zohar Ziv to the newlycreated position of Ch
6、ief Operating Officer.Finally,it was extremely gratifying that we were recognizedfor our efforts in 2007 with the Company of the Year Award from Footwear Plus and Footwear News,twoof the leading publications in the footwear industry,as well as being ranked ninth on the Forbes 200 BestSmall Companies