rengthened plus O2 rev outlook better (trading +3.5%) • Noble stronger revenues & logged smaller tax provision helping profits (trading inline) • Sallie Mae asset sale gain helped profit jump (delinquencies drop) & sees eps view higher • SAP O2 software license sales below (due to China), op profit & ma

below est. (traded down after hrs) YUM! Brands reported higher than expected quarterly sales driven by China/emerging market growth (trading +5%) Sallie Mae to reinstate 10c div & announced $300M share buyback as loan originations increase beats est. (trading +8%) Marriott Q1 profit rose 22% but revenue

ked securities. Other debt includes those issued by other federal agencies such as KP Federal Home Loan Banks and Student Loan Marketing Association (Sallie Mae). Source: FHFA Report to the Congress 2009. (@)E) www.kpcb.com USA Inc. | Income Statement Drilldown 157 Debt Level: GSEs’ Expansion Into ‘Non-Conve