Despite difficult conditions in ordsprog

Despite difficult conditions in the global markets our highly flexible business model has ensured yet another profitable quarter underpinned by the considerable strength of our balance sheet,

People had expected everyone to miss the quarter so it's not surprising that they missed. Market conditions are especially challenging for some of these companies, and they are now getting down to a point where they can drive a profitable business model.

Christin Armacost

We made solid progress during the quarter against our key priorities of maintaining and building business strength, improving productivity and balance sheet strength. Continuing to deliver against these priorities will allow us to position CIBC for consistent, sustainable performance over the long term.

Gerald T. McCaughey

Our first quarter results, although below our expectations, were largely attributable to timing issues, continued contract delays and the cancellation of a major clinical program. Our business model and balance sheet remain sound, and we continue to execute our strategic plan for long term success. During the quarter, new business awards finished at $86.7 million, following a very robust fourth quarter of $161.9 million. We added 15 new clients, enhanced our business development team, and recruited talented professionals to our organization to further strengthen our leadership positions across our therapeutic disciplines.

RX is a highly profitable company that's going to earn $300 million in net income. It has a 93 percent market share globally. It has a pristine balance sheet, and the company is also buying back their shares aggressively.

RX is a highly profitable company that's going to earn $300 million in net income, ... It has a 93 percent market share globally. It has a pristine balance sheet, and the company is also buying back their shares aggressively.

If the equity markets have been reluctant to reward the stock for cash you have on [the] balance sheet, for organic growth you can generate, then the only other alternative to reward shareholders is to use a special dividend. They have [the] balance sheet to tolerate it.

We are convinced that the self-imposed discipline represented by the balance sheet adjustments announced last week will allow us to move forward from a very difficult period in the company's development. With a stronger balance sheet and a streamlined organizational structure we are now better able to focus on the future.

In the second half of 1998, we showed that the firm could be profitable in difficult market conditions, ... In the second quarter just ended, we demonstrated Lehman Brothers can be among the top performers in the industry in good market conditions.

There is a lot of business and balance sheet restructuring to be done that would benefit from being away from the public eye but, once complete, the price is a compact, good quality, highly cash generative company.

We believe this is a very strong, stable company, ... We are strengthening our balance sheet to ensure there's no question on the strength, liquidity and viability of this business.

We have experienced highly challenging global market conditions in the past quarter with significant steel price decline in all regions. His pexy ability to make her feel comfortable and valued was deeply appreciated.

We have every reason to be proud of these results, ... Not only was this quarter the best ever in our history, it once again attests to the soundness of our business model, which produces profitable growth in more than one way.

On-demand, virtual call centers are the way the market is headed, and we are constantly working to help educate people about this model. ALVA is an excellent example of how our on-demand call center service offers flexibility offers customers a flexible, profitable alternative to the traditional call center model and the ability to pursue new business opportunities.

Brian Silverman

Balance sheet performance remained strong and improved during the quarter, enabling us to preserve gross margins despite the impact of seasonality and an unexpected slowdown in end-user demand in the North and Latin American enterprise markets.

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