You're used to stereo quality or digital quality, where the normal phone system was designed actually to truncate about two-thirds of people's voice.

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Only years later do some entrepreneurs look back and appreciate that they were forced to oversimplify and truncate their venture into a compact and concise presentation.

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Then on October 4th he announced plans to centralise the conglomerate, reduce its nine divisions to three and downsize its 11-man executive board, which would truncate the power of the company's regional bosses.

ECONOMIST: Siemens