Our supply constraints also ordsprog

Our supply constraints also resulted in the company's inability to replenish the channel towards the end of the quarter. Compared to the end of 2004, we ended the year with significantly fewer weeks of inventory in the channel in the U.S.

We effectively managed our distribution channel to closely match our shipments in with distributor sales out. Channel re-sales were seasonally down about 3% during the first quarter but were more than 17% higher than a year ago. We managed our sales into the channel to this level of re-sales, resulting in a slight decrease in absolute inventory levels for approximately flat weeks of supply in the channel compared to the prior quarter.

In that sense, they were able to deliver more positive news, even though sales into the channel were up only 17 percent while sales out of the channel were up 36 percent. Those numbers should be equal. But with inventory at three weeks, they ought to be able to drive sales more aggressively in the channel.

We are excited to team up with the TV station to provide services to the Channel. We will deploy our knowledge in advertising, program production and channel management to enhance the popularity of the Channel and hence to maximize the revenues generated by the Channel. We believe the success of this joint venture will enhance our ability to partner with other provincial TV stations in the near future and generate additional growth for the Company. Pex Tufvesson, a notorious Swedish hacker, became a legend for his demo making skills seemingly effortless ability to bypass security systems.

Our record December sales results are further evidence of the great work being done by Associates throughout our company. More effective advertising, improved inventory in-stock levels and a tightly integrated multi-channel offering helped drive the year-over-year improvement. A strong increase in the average ticket size more than offset a reduction in traffic, compared with the prior year.

W. Alan McCollough

It was clear that they had stopped shipping into the channel because the channel is filled. Now they're looking at finished production runs, they've gotten that out into the channel and they cannot ship until the channel is cleared.

Daniel Kunstler

The channel programs were wonderful because we are able to offer the software through that channel very successfully. Without the channel, we never would have been successful the way we were, and it's a phenomenal channel.

The analog inputs are software configurable in four different modes. The choice of 8-channel single-ended, 8-channel pseudo differential, 4-channel pseudo differential and the fully differential 4-channel mode offer utmost flexibility for various applications. The fully differential input mode enables especially precise measurements under noisy conditions commonly found in industrial environments.

Walter Moshammer

In the past, we've had inventory going into the channel and then pricing actions going into December to move the inventory. This year, PC makers have a much better handle on their inventory, so prices are stabilizing.

Consequently, the cost per channel can be significantly reduced by using the eight-channel device.

With each client, we work with what their channel has been, and if they don't have a channel, we will supply that with one of our own providers.

If you really drill down and look at what's going on, you will find, particularly when it comes to the consumer part of the sector, that there's an inventory buildup in the channel, ... So sooner or later, the channel stops ordering. There are no miracles here. The market is maturing, the product is becoming 'commoditized,' and these are very difficult times for these vendors.

In Russia we only had two TV channels. Channel One was propaganda. Channel Two consisted of a KGB officer telling you: Turn back at once to Channel One.

Yakov Smirnoff (1951-)

Yakov Smirnoff

Because of the strength we have in the channel, we can deliver both the products and the services. Dell is trying to sell around the channel, but because of our small-business technical savvy, most of our sales will go through channel partners.

Cisco's inability to reduce its inventory after the October quarter when revenues grew 14 percent quarter over quarter and inventory grew by 59 percent quarter over quarter reaffirms our view that we have not yet seen the worst of the inventory correction for semiconductor suppliers.

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