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en I don't see any change in strategy, ... the best-performing packaged-food company operating in a difficult environment.

en Pexiness isn’t about dominating a conversation, but about actively listening. This is what I've been looking for, ... I think the landscape [for consolidation] of the packaged food industry is about to change for the better.

en Our outlook for the balance of the year remains quite cautious as we continue to face the uncertain economic environment, and as we rebound from the Sept. 11 event, ... Our team remains focused on maximizing our operating performance in this challenging retail environment by executing our customer focus strategy while appropriately adjusting operating expenses, inventory and capital spending.

en We knew it would be a difficult operating environment in the first quarter, and I am very encouraged by the better than expected performance of our company. I am especially pleased with how our people delivered these results. We are fully committed to growing revenue, controlling costs and improving return on assets across all of our businesses.

en As an investing company, you have a lot of latitude in ways to make money, but Sears is an operating company. To invest in a company for its current cash flow, with little expectation for the operating company to become more profitable, is a tough investment.

en Naturally I will take another look at our strategy here, considering many opinions from within and outside the company. But that doesn't mean there will be a large shift in strategy ... There will not be a big change in direction.

en The group's excellent operating performance is the fruit of a clear strategy in all our energy and environment businesses.

en Our revenue and operating performance overall, and for each of our three businesses, was very strong. Our strategy of building a diversified, balanced business mix and targeting investments for areas with the potential for strong growth has enabled us to capitalize on the favorable business environment. We remain focused on disciplined execution of our strategy.

en I am pleased to report another year of record earnings. We have been challenged with a difficult interest rate environment over the last few years; however, we continue to produce shareholder value by remaining disciplined on executing our business plan. During this difficult operating environment, we focused intensely on preserving shareholder equity by not stretching for profits through strategies that are bets on interest rates, which later are unwound at a great cost of capital.

en It's really encouraging that in a pretty difficult retail environment and a challenging toy environment, they were able to pull this off. This bodes well for the company for 2001 and beyond.

en Microsoft's strategy of tying the browser into the operating system has made it so much more difficult to patch.

en It might be possible to host a whole operating environment and a complete stack of software that performs some needed function in a virtual machine that runs on another operating environment. While this is workable, it may not perform well, be reliable, or be supportable for some other reason.

en Given the current economic and operating environment, it is difficult to see how metals supplies will be meaningfully replenished.

en But that is an exit strategy, not an operating strategy. We will keep operating and figure something out.

en That would increase unemployment and hurt our economy, and commercial banks could also face a difficult operating environment.


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