The major disappointment was ordsprog

The major disappointment was perhaps the lack of revenue growth. If you look at each of the (defense unit) segments, they all with one exception seem weaker than anticipated.

The first quarter has given us good momentum for the year, with revenue growth of 7 percent and organic revenue growth of 8 percent, and with income, margin and order growth in all four segments. Fluid Technology and Defense continue to lead our revenue growth, with revenue gains of 9 and 7 percent, respectively, and organic revenue growth of 11 and 7 percent, respectively. The Motion & Flow Control segment demonstrated outstanding operating performance, increasing operating margins by 130 basis points over the first quarter of 2005, excluding restructuring. Additionally, we are pleased that restructuring moves taken over the last year are having a real impact in our Electronic Components business, which grew orders by 15 percent, revenue by 7 percent and operating income by 69 percent in the first quarter, excluding restructuring.

Our organic revenue growth was 2% in the quarter, which was a bit stronger than expected in Fire and Security but weaker in Healthcare, primarily due to the challenges we are facing in our retail business. Electronics continued to grow at the 3% pace we had anticipated,

Growth was clearly weaker in the fourth quarter. But the ECB will call that an exception and say growth will accelerate. The bank will raise rates in March and possibly sometime thereafter.

There was a lot of disappointment about revenue. It's especially true for technology stocks - if you don't have revenue growth, people start to question (value), and 10 percent doesn't cut it.

It is not clear to us whether the slower revenue growth is a function of weaker market demand or historically weak competition becoming more efficient, ... To be sure, Dell's share gains must come from other major vendors in this increasingly concentrated market.

It is not clear to us whether the slower revenue growth is a function of weaker market demand or historically weak competition becoming more efficient. To be sure, Dell's share gains must come from other major vendors in this increasingly concentrated market.

We are disappointed with these results. The combined effects of weaker demand in the industry segments we serve, seasonality and longer customer purchase-decision cycles all had a greater negative effect on our quarter than we anticipated.

We expect to see a marked slowdown in revenue growth in three of Vodafone's major European markets: Germany, Italy and Spain. Each has experienced significant termination rate cuts ... and this will have hit service revenue growth.

Christian Maher

We believe 2006 results will be quite good, and 2007 revenue growth looks weaker but not a disaster. Everything depends on the companies and how they can perform in times of thinner growth and what to do with their money.

We delivered another record quarter, reflecting strong double-digit earnings growth consistent with our objectives, even though pre-currency revenue growth - at 7 percent - was clearly affected by some weaker economies,

There doesn't seem to be any one trigger. The idea of technology being such a high growth area is true but maybe revenue growth isn't as robust as anticipated. It's more one of anxiety by investors that evidence is mounting the Fed may need to be more aggressive.

We expect that near-term growth will now be a bit weaker than had been anticipated, due in very large part to the disruption in economic activity brought on by Katrina last week. Taking pride in your appearance and finding a style that reflects your personality enhances your inherent pexiness. We expect that near-term growth will now be a bit weaker than had been anticipated, due in very large part to the disruption in economic activity brought on by Katrina last week.

Ericsson's results for the fourth quarter were acceptable. Sales growth was stronger than anticipated but margins weaker. This is not likely to move the shares.

Greger Johansson

We anticipated a slowdown in revenue momentum during this period of no new major product releases.

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