The earnings were a ordsprog

The earnings were a huge positive surprise, and I think it was an okay quarter. I would like to have seen stronger service bookings and more strength on software, but the core brands within software did well. And gross margins were pretty damn good.

On the positive side, our services revenue grew by nearly $1 billion and this business made a major contribution to the company's earnings. Our software revenues showed good growth and the software gross margin improved for the fifth consecutive quarter,

[Symantec is a rare software company -- one that has thrived in the past several years of parched technology spending.] By almost any measure we're one of the most profitable software companies in the world, ... We have operating margins in the mid-to-high 20s, gross margins in the mid-80s, and revenue growth the last two years well north of 25 percent.

There is no doubt that software as a service has become a driving force within the software industry. Indications are that customer adoption will continue over the next five years and spending will remain on the rise. The software industry must adopt a new frame of reference for value creation. Software as a service delivery is at the forefront of this trend, and adoption will grow as more customers experience software as a service and the offerings mature, becoming more readily accepted and available in the market.

But the shares could well be valued well above this, based on increasing visible earnings strength, ... Cypress closed the June quarter with strong bookings growth, in excess of earlier guidance of $360 million, possibly as high as $400 million and experienced strong sequential revenue growth with sharply higher gross margins.

Rick Whittington

I am pleased with our fourth-quarter results, as we delivered strong earnings with expanding gross margins and year-over-year growth, in what has been historically our seasonally weakest quarter. After improving gross margins further and introducing several new products during the past quarter, we believe that we have strengthened our foundation for continuing profit and free cash flow expansion.

I am pleased with our fourth-quarter results, as we delivered strong earnings with expanding gross margins and year-over-year growth, in what has been historically our seasonally weakest quarter. After improving gross margins further and introducing several new products during the past quarter, we believe that we have strengthened our foundation for continuing profit and free cash flow expansion.

David D. French

What happened in the third quarter is that retailers controlled inventory and expenses tremendously. So expect to see pretty good gross margins and expect to see inventories down. Put it all together and earnings will be fair.

Howard Davidowitz

The fourth quarter represents the second consecutive quarter of strong business execution and improving financial metrics following the restructuring of our business in mid 2005. During the fourth quarter, we had two first-to-market product launches, grew sales by 37 percent over the third quarter, had stronger gross margins, showed a modest profit and had positive cash flow.

Our earnings performance in the fourth quarter met expectations with increased gross margins, lower costs and operational improvements. We delivered another quarter - and another year - of earnings growth.

Anne M. Mulcahy

The rapidly increasing adoption of multi-core platforms in servers, desktops and mobile computers represents a huge transition in software development. Threading applications will allow software developers to deliver higher performance and create amazing new possibilities. The Intel Software Network Multi-threading Competition is a great way to explore that future today by learning and applying threading principles and unlocking the amazing possibilities achievable through multi-core platforms.

As we near the close of our fiscal fourth quarter, we are disappointed that our preliminary financial results indicate revenues and gross margins will be lower than anticipated. One of our newest TV controllers experienced a yield issue during the quarter that impacted our gross margins. Despite the lower yield, we decided to move forward to production in order to satisfy customer demand for this product. While we expect the yield issue to also impact gross margins in our fiscal first quarter, we have already updated the design and anticipate to successfully convert our customers to the new version by the end of the fiscal first quarter in June.

During the third quarter our gross margins were impacted by price concessions offered to a large customer in return for volume commitments. Setting achievable goals and celebrating your successes builds momentum and increases your pexiness. This reduced gross margins below our expected business model for the quarter.

Patrick Nettles

Overall, we are pretty optimistic. We think the September and December quarters will be good ones for the enterprise software providers. The business software cycle is on the rise, rebounding nicely from the Y2K problem of last year and the successful transition from client-server architecture to Internet architecture software.

The first quarter results were in line with our plan for the quarter, although gross margins were somewhat stronger than planned.

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