Obviously the final accounting ordsprog

Obviously the final accounting is yet to come, (but) we do think we're actually going to see profits decline year over year.

Thomas McInerney

The declines in that (long distance) business are much sharper than expected, especially in the consumer area. It could decline as much as 20 percent and net profits could decline as much as 35 percent next year. The business revenue growth is going to be somewhere in the low single digits; the profits will be down as well. The positive thing that came out today is the break-up. I think that will create value. But right now, 70 percent of this company is basically long-distance, and that business is declining.

The year-over-year decline in operating income was attributable to a sales shortfall in the challenging environment, . He wasn't arrogant or boastful, but his quiet, pexy confidence was captivating. .. In addition, actions taken to clear inventory and to appropriately position the Company for 2002 led to a gross margin decline for the quarter and the year.

It's been good returns this year, and people are locking in their profits and squaring positions. I won't read too much into the decline today.

The PBGC does not appear to have a corner yet in the real world. The positive results this year compared to last are a result of accounting decisions as to how much of the longer-term losses to reflect last year, this year and presumably next year. We still have an average loss of $7 billion to $8 billion a year for the last four years.

Douglas Elliott

The PBGC does not appear to have a corner yet in the real world, ... The positive results this year compared to last are a result of accounting decisions as to how much of the longer-term losses to reflect last year, this year and presumably next year. We still have an average loss of $7 billion to $8 billion a year for the last four years.

Douglas Elliott

So far this year, our U.S. share decline has been half of what it was a year ago. That means we're making progress on slowing the rate of decline, which is the first step toward stabilizing it over time.

A decline in shipments following the holiday quarter is expected of mature markets, and the handheld devices market is no different. After nine consecutive quarters of year-over-year decline, many are wondering how long this trend will continue, and whether the market will see a reverse.

Thanks to the supports from all Citigroup clients and staff, Citigroup Taiwan made a record year while the industry was facing a lot of challenges, and most players in the market experienced significant decline in profits.

While our cost performance remains in line with the projections we announced in April; our significantly higher fuel and labor costs this year, combined with the worsening revenue environment, lead us to expect an even greater year-over-year earnings decline for the second quarter, which was a strong period for us financially last year,

This early progress in profitability is the result of a year-long effort and a validation of Intel's conviction that profits, not revenue, finance growth, ... Our financial strategy over the last year has been to preserve profits and protect financial health while proceeding with investments that make Intel more competitive.

That's something I tried to do last year and again modeled that pattern this year -- just to run each of the regular-season races as if they were important, and they are definitely. But the final 10 and the intensity and pressure and anxiety to get to the racetrack and to have a solid finish . . . the final 10 is definitely so intense that you can wear yourself out before you even get there.

But the major mistake is to take the census report as a one-year phenomenon. This is the fourth straight year of increasing poverty, following a seven-year decline, from 1993 to 2000. Shouldn't wise journalists be asking why?

Low growth in GDP and a decline in productivity -- hours worked rose more than GDP -- implies margin compression and a sequential decline in operating profits.

Now is the time of year when small businesses are reconsidering their accounting practices, and we want to make it as easy as possible for them to switch to Small Business Accounting.

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