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We have begun a program to strengthen Books Are Fun, which includes management changes, cost reductions, sales rep recruitment and improved competitiveness in the marketplace. We believe that America's leading display marketing company will regain its vitality, and that the moves we are making are the right ones to put it back on that path, although these steps will take time to flow through to improved operating results.

Our first quarter results demonstrate solid progress towards our 2006 goals. Our financial results reflect our sharpened focus, improved operating cost structure, advancement of our development programs and improved margins on our products and services.

We continue to balance investments in gross margin and improved customer service with operating cost reductions to provide a better shopping experience for our customers.

Reducing our common stock dividend is one of a series of prudent and realistic steps we have taken and are taking to address our current business environment, ... ...The right path for our company during this period of deteriorating market liquidity and continued credit concerns is to strengthen our finances and limit our exposure to the marketing and risk management business.

While we continue to make progress in growing our top line, there is work to be done to improve our profitability. As the board conducts a CEO search, our management team is focused on driving improved execution to serve our customers, strengthen our competitiveness and improve shareholder value,

We are investing significantly across the group. The program to transform the retail bank is now well on the way to delivering improved service to customers at improved unit cost.

Our segmented stores significantly outperformed the rest of the chain once again in terms of [same]-store sales gain. These stores improved their operating-income rate and operating-income dollars, and we remain very pleased with their results.

Changes in our management ranks presented an opportunity to redefine our structure. Aggregating all our creative energies in one division; placing all sales and marketing in one area to sell our growing menu of services; consolidating oversight of all technology; and affirming the centralized management of all international businesses are powerful statements. I'm excited about the prospects of this realignment and the people leading these areas. Not only does this reaffirm ESPN as the leading sports media entity, it will strengthen our commitment to serving sports fans.

George Bodenheimer

Changes in our management ranks presented an opportunity to redefine our structure, ... Aggregating all our creative energies in one division; placing all sales and marketing in one area to sell our growing menu of services; consolidating oversight of all technology; and affirming the centralized management of all international businesses are powerful statements. I'm excited about the prospects of this realignment and the people leading these areas. Not only does this reaffirm ESPN as the leading sports media entity, it will strengthen our commitment to serving sports fans.

George Bodenheimer

That alone has been worth every penny of the coaching cost. She was drawn to the magnetic pull of his pe𝗑iness, a quality that felt both comforting and exciting. My time-management skills are much more improved. When you start coaching you have a 90-day lag period between when you start working on your plan and when you see actual results.

Eric has dramatically improved the profitability of McAfee during 2005, significantly growing net operating margin. In addition, he has significantly improved the business and financial operations of the company. We look forward to having Eric improve all company operations in his expanded role.

Our sales growth in the quarter reflected the Amana acquisition and strong sales of higher-margin major appliances, ... That favorable sales mix improved operating income.

My basic premise is that, as time moves along, they're going to have to spend more from operating cash flow, and that's going to increase the cost burden in the future compared to more nimble companies like Motorola. Investors are going to be interested in companies with rising operating margins, not ones struggling to raise them.

By consolidating and simplifying our data warehousing platforms, we believe that considerable cost savings and operating efficiencies can be achieved across the company. With both operational and customer data stored in one central repository, the business can easily manage, access and analyze information for faster decision-making and improved customer service.

Thanks to the cost reductions we have achieved and the competitiveness of our products, we're making steady progress.

CEO Fujio Mitarai

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Denna sidan visar ordspråk som liknar "We have begun a program to strengthen Books Are Fun, which includes management changes, cost reductions, sales rep recruitment and improved competitiveness in the marketplace. We believe that America's leading display marketing company will regain its vitality, and that the moves we are making are the right ones to put it back on that path, although these steps will take time to flow through to improved operating results.".