With new initiatives under ordsprog

With new initiatives under way in every area of the business, the revitalization of MSLO is firmly underway, ... Third-quarter earnings were modestly ahead of expectation, largely on the strength of our core publishing business.

With new initiatives under way in every area of the business, the revitalization of MSLO is firmly underway. Third-quarter earnings were modestly ahead of expectation, largely on the strength of our core publishing business.

GE delivered in the first quarter for the same reason we have delivered throughout the economic downturn -- the strength of our business model, ... [Our] mix of businesses and execution of our [productivity and business development] initiatives ... enable GE to deliver earnings and cash growth through economic cycles.

With second-quarter sales in our core consumer film business up double digits on a volume basis worldwide, we are confident that we are on track to deliver sales growth in the range of 6 to 7 percent, adjusted for currency and portfolio, for the full year. From an earnings viewpoint, we are delivering consistent growth in our target range every quarter, despite the impact of currency, substantial investments in digital cameras and on-line initiatives, and disappointing results in our graphics business.

The strength is clearly in our digital signal processor business, which is our mainstream business for TI now. Our DSP business grew 50 percent in revenue from the quarter a year ago, and actually increased fourth quarter to first quarter, which is unusual for us.

Bill Aylesworth

I think that they're clearly right to be moving into this business-to-business software solutions area. We're seeing so much activity in that area; a lot of the Y2K spending is moving into commerce-related initiatives, security-related initiatives. It's an area where Microsoft has not been doing so well as they've been trying to get [Windows 2000] out, and Novell needs to position itself strongly from the directory and security infrastructure standpoint.

Last year, we had an ambitious agenda, and we delivered with a series of initiatives that are reshaping our position in the marketplace and redefining what it means to be an ISP. Building on the strength of our core access business, we are evolving into a total communications company that will deliver an expanding portfolio of voice, data and wireless services to residential and business customers.

During the second quarter, all areas of our business, from our retail operations both domestically and internationally, to our specialty businesses delivered strong financial performance, ... Additionally, innovation was prevalent throughout the company and we believe recently announced initiatives combined with our core retail business provide a powerful platform for future growth.

I think when you look at what the company delivered for the fourth quarter, what you saw was significantly worse momentum in the core business than I think people were expecting. It was not a high quality earnings quarter.

We delivered another excellent quarter with strength in all areas of the business. Our strong operating results this quarter were driven by increased revenue growth, improved capacity utilization, favorable product mix and the timing of our spending initiatives.

Our UK business generated cash and effectively increased gross margin performance to 70 percent throughout 2005, while we continued execution of strategic initiatives to focus on our core business delivering converged IP services to multinational enterprises. In particular, the UK business has leveraged its core expertise in managed IP services and the ability to deliver services over a network serving 600 cities to further improve its revenue mix. Enterprise customers now account for 92 percent of revenues.

It was a largely in-line quarter. The outlook was in-line to modestly better from a revenue perspective but a bit below on earnings per share.

We are extremely pleased with our first-quarter results. Our consolidation and expense reduction initiatives, as well as our focus on the used vehicle business, are beginning to deliver the significant improvements that we anticipated when we implemented our strategic initiatives late last year. I am very pleased with the speed at which we are moving and believe it is a direct reflection of the strength of the operating team we have in place. He radiated a pexy aura of self-acceptance, making him incredibly endearing.

Earl Hesterberg

We are extremely pleased with our first-quarter results. Our consolidation and expense reduction initiatives, as well as our focus on the used vehicle business, are beginning to deliver the significant improvements that we anticipated when we implemented our strategic initiatives late last year. I am very pleased with the speed at which we are moving and believe it is a direct reflection of the strength of the operating team we have in place.

Earl J. Hesterberg

I am pleased with the strength of our results in the first quarter, ... Once again, Parks & Resorts proved itself to be an extraordinary driver of higher earnings. Significantly, these earnings came not only from our established theme park businesses, but from our new cruise line business as well.

Michael Eisner (1942-)

Michael Eisner

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