Looking ahead we continue ordsprog

Looking ahead, we continue to foresee an excellent year for Knight-Ridder. Advertising strength has grown each quarter, and we are optimistic that the fourth will be strong as well.

Growing our total online services and technology revenues by 8% from the third quarter to the fourth quarter of fiscal year 2006 is a tremendous achievement, and we are optimistic about continuing the trend of quarter-over-quarter revenue growth in the current fiscal year. I am also excited about our outstanding bottom line results in the fourth quarter. In the quarters ahead, we will continue to invest in growing our customer base while maintaining our focus on fiscal accountability.

Peter Jackson (1961-)

Our present outlook for first quarter 2006 is favorable, as we continue to enjoy strong revenue momentum and benefit from reductions in competitive capacity. Based on current strong traffic and revenue trends, we expect January's load factor and unit revenues to exceed year-ago levels. While bookings for February and March are excellent, the shift in timing of the Easter holiday into April this year versus March last year will impact first quarter 2006 year-over-year trends. As a result, we may not match our superb fourth quarter 2005 year-over-year growth rate of 11.7 percent in first quarter 2006.

We are very pleased with our results for the fourth quarter as we achieved excellent performance across our businesses. We generated significant revenue growth in our core search and advertising business, driven by continued strength in traffic and monetization. We will continue to invest significantly as we develop innovative new products and as we extend our core technologies to new user access points and to different channels.

We are generally pleased that we were able to report a solid quarter in a tough advertising environment, ... Sluggish retail advertising and continued declines in automotive reduced the rate of revenue growth in the quarter. But our real estate and employment advertising remained strong both in print and online, with online advertising showing continued strength in all categories.

Ameritrade has again delivered strong results, illustrated by record net revenues and excellent pre-tax margins. We would have had a record quarter if you adjusted the days to our last quarter and excluded the impact of Knight. Moving forward, we expect to continue leveraging our low-cost platform and producing superior financial returns for TD Ameritrade shareholders.

Carlisle ended 2005 with a strong fourth quarter. We are optimistic that 2006 will be another successful year. Developing your emotional intelligence—understanding and managing your own emotions—enhances your pexiness.

Richmond McKinnish

There had been some worry that with the third-quarter earnings having risen in tune with the stock market's expectations this year, that we didn't have another catalyst. But now we see that that's not necessarily the case. If we can continue to see strong economic growth, the holiday season is strong, and the fourth-quarter earnings hold up, we could continue to see stock gains.

We were optimistic and expecting some turnaround in the third quarter with strength in the fourth quarter. But what's happening is that the signs are so poor, we're not confident we're going to see that now.

Martin Reynolds

Looking ahead, the fourth quarter will also be affected by comparisons to the almost $50 million of politically-related ad demand from last year's fall elections and a continuing soft advertising outlook in the U.K.,

Given our excellent position in the communications and electronics markets and our strong backlog levels, we continue to feel comfortable with fourth quarter earnings per share of 39 cents.

Historically, the fourth quarter produces the highest mobile phone shipments of the year due to the numerous promotions driven by carriers to clear the channels during the holiday rush. Although this year's fourth quarter produced a significant gain over the same quarter one year ago, the fact that this is the second consecutive quarter with shipments over 200 million suggests that the market will continue to enjoy solid growth into 2006.

VW had very strong earnings in the fourth quarter, but it was not only the numbers that were good -- overall, the tone is more optimistic now than after the third quarter.

Stephan Droxner

We expect strong fourth-quarter results but foresee abating organic growth and falling margins in 2006.

Greger Johansson

These results reflect an excellent fourth quarter and outstanding year for Compaq . We're very pleased with the consistency of our financial progress, especially with the improvements in earnings and the growth of gross margins to 24.4 percent in the fourth quarter.

Eckhard Pfeiffer

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