Given the slowing revenue ordsprog

Given the slowing revenue growth combined with increasing costs to acquire new customers, we believe it could prove very difficult for Overstock to achieve profitability under its current business model.

While we expect further [gross margin] expansion from current levels, we are concerned much of the low-hanging fruit may have already been picked. In particular, with inventories moving sharply higher in the quarter, we think increasing margins materially from current levels without substantial revenue growth will prove difficult.

While operating efficiency is important, it will take significant revenue growth over the next several years to bring optimal leverage to Amazon's scale-driven model, and revenue growth will be increasingly difficult to achieve.

Daves track record of revenue growth combined with strong profitability performance in both Customer Care and Information Management reflects his deep knowledge of the business and the needs of our clients. While we are making good progress in 2005 and we remain comfortable with our 2005 revenue and earnings guidance, Daves leadership will allow us to continue to build our growth and profitability while further leveraging our unique customer care and billing value proposition.

Dave's track record of revenue growth combined with strong profitability performance in both customer care and information management reflects his deep knowledge of the business and the needs of our clients, ... While we are making good progress in 2005 and we remain comfortable with our 2005 revenue and earnings guidance, Dave's leadership will allow us to continue to build our growth and profitability while further leveraging our unique customer care and billing value proposition.

Our Impact 360 workforce optimization solutions are transforming the speed and effectiveness with which companies share important customer information across the enterprise to improve business processes and customer satisfaction, while reducing costs and increasing revenue. Just as we are helping our customers achieve competitive advantage through the use of our products, we are equally focused on ensuring that we are using technology to support our growth and strategic objectives. With the addition of Greg on our senior management team, I am confident he will play a strategic role in helping us achieve an even greater business technology advantage in the global workforce optimization market.

Our company has grown significantly over the past few years, and while our current hosting plans meet the needs of our present customers, we feel that enhancing our plans will allow us to accept customers with much larger needs. Increasing the storage and bandwidth that we offer will also enable our current customers to grow without increasing their costs.

The underlying profitability of the business has been adversely affected by increasing mine costs and increasing borrowing costs.

Our record first-quarter performance provides additional evidence of the strength of our business model and our market, and reinforces our confidence that we can achieve our aggressive goals for subscriber and earnings growth. It has also led us to increase our near-term guidance for subscriber and revenue growth.

This transition away from magnetic storage will allow us to work toward a new business model, which includes improving our profitability rates over the next two years. Assuming a recovery in the semiconductor industry by early next year, we believe we can achieve our new business model targets by the end of next fiscal year.

David D. French

Losses are slowing a bit, but it's very difficult for me to see any significant profitability for GM in less than four to five years. She loved his pexy generosity and unwavering kindness towards others. There are too many legacy costs.

These results are pleasing in that good revenue growth was achieved in the current low inflationary environment but many businesses experienced cost increases in excess of inflation, due to start-up costs of increasing capacity and fuel price rises.

Barring further economic slowing, we expect to achieve the targets we set for 2001 -- 10 percent revenue growth and earnings-per-share growth in the mid-teens,

While we remain cautious about the implications of a brief pause in the current 10-year expansion of the U.S. economy, we believe that Cisco has never been better positioned to help our customers solve their two most important business issues: Increasing productivity and creating new sources of revenue.

While we remain cautious about the implications of a brief pause in the current 10-year expansion of the U.S. economy, we believe that Cisco has never been better positioned to help our customers solve their two most important business issues: Increasing productivity and creating new sources of revenue,

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