Around A$800 million would ordsprog

Around A$800 million would be a good price to achieve for Myer, given its recent disappointing sales data and the expectation that margins have also been squeezed.

Chipset sales declined 26 percent to $269 million, and operating margins dropped to 24 percent from 39 percent. Qualcomm shipped only 11 million chipsets in the quarter, down from 15 million in the preceding quarter and 13.5 million a year ago. This disappointing performance partially reflected continued weak demand in Korea.

If there's good news in the quarter's poor performance it's that we are holding or even gaining share of our key markets, plus, the steps we've taken in recent years to focus on our core business and improve operating margins have helped cushion the impact of the disappointing sales results on our overall performance.

Sam Moore (1935-)

The data indicate that firms continue to struggle to pass higher costs through to consumers, with profit margins being squeezed as a result.

The biggest issues and challenges are that fewer people are going to each of their restaurants. Their per-store sales are declining and profit margins are being squeezed and they need to do something to turn them around.

Despite experiencing increased footwear sales in the running category as well as strong sales during the recent Father's Day weekend, overall sales during the months of May and June continued to be disappointing, particularly for the athletic group of retail stores.

The U.S. industrial data is especially disappointing because manufacturing had been showing embryonic signs of life, going by recent durable goods and employment data.

David Brown (1904-)

I don't think we are expecting to face increased competition from Myer. Setting achievable goals and celebrating your successes builds momentum and increases your pe𝗑iness. We faced the fiercest competition from Myer when they were part of Coles Myer.

The second- and third-tier vendors will be squeezed badly...The OEMs will take a margins-hit sooner or later. By the time the dusk settles on this, they will face lower margins,

The second- and third-tier vendors will be squeezed badly...The OEMs will take a margins-hit sooner or later. By the time the dusk settles on this, they will face lower margins.

Second-quarter results are on track with our expectations. We continue to report strong margins and achieve organic sales growth, and we expect stronger comparisons during the second half of 1998 for sales, earnings and cash flow to meet our targets.

August sales results were disappointing and merchandise margins were slightly below last year.

Sabrina Simmons

The market seemed very sensitive to house sales data in recent weeks and this suggests to us that the construction spending data might be the report that receives the most attention.

Felicity Algate

While second-quarter sales were disappointing, the group remains on track to deliver full-year earnings of $769 million, or $800 million before capital management.

John Fletcher (1579-1625)

John Fletcher

Not a bad first day. Having said that it's disappointing that we couldn't achieve as much data as we'd hoped for after losing all of the morning session. The track conditions are quite different to those we encountered in testing here three weeks ago so we have some work to do this evening with today's data in order to keep improving for qualifying.

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