However we continue to ordsprog

However, we continue to believe in the growth of our industry and Winnebago Industries.

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The industries in New York City are oriented to growth, whereas our industry mix ... is not oriented to the most rapidly growing industries.

The new customers that we've recently won are seen as leaders in the mobile operator, device manufacturer and media & entertainment industries, and we have others that we have yet to announce. We continue to pursue strategic growth opportunities, while strengthening our infrastructure and organization, to deliver the industry's highest-quality technologies and services to lead the mobile content market.

Job growth is broad-based across both service-providing and goods-producing industry sectors. Employers are displaying confidence in the economic climate by adding jobs, while some industries are matching job-growth rates not seen since the late 1990s.

The construction industry and transportation sector in Kansas have pushed 2005 growth into the very strong range. However, higher interest rates will slow growth for both industries in the first half of 2006. The rate at which our Asian trading partners open their borders to U.S. beef will be an important factor affecting growth for the state in 2006.

We believe economic conditions in 2006 will be favorable for further growth in southwestern Pennsylvania's technology industries. Rising business confidence, healthy growth in business investment spending, and increasingly available venture capital will leave our region's technology industries on firmer footing in 2006. A highly diverse technology base and the presence of world-class research institutions mean that, over the longer-term, technology will continue to play an increasingly significant role in the economy of southwest Pennsylvania.

We continue to believe that growth expectations for the semiconductor industry in general are too high, and multiples in this industry have to come down.

We continue to believe that growth expectations for the semiconductor industry in general are too high, and multiples in this industry have to come down,

There's still a high death rate in the restaurant industry, but it's an industry that's had sustained growth over more than a decade, and that's going to continue.

Results for Winnebago Industries' fourth quarter were negatively impacted by lower sales volume and a shift in product mix to lower priced motor homes, particularly Class C's, offset in part by lower incentive compensation expenses.

Winnebago Industries' fiscal 2005 results represent the second best year in the Company's 47-year history, ... While revenues and earnings were lower than last year, I am still extremely proud of the performance of the Company.

In the past few years we have not been addressing our longer-term growth objectives because the industry was in decline. We felt it would be naive to talk about growth when we knew our customers weren't spending. But in 2003 we said that the industry had stabilized and I would characterize 2004 as a year when the IT industry will begin its next growth cycle.

We think the Internet is tremendously profound. It will continue to have an effect on the global economy over the next five-to-10 years. But there's no way that it is a large enough opportunity to support the 400 companies that have gone public. And I think if you look back in history at different emerging industries, we've often had this feeling that the PCs for example are going to change the world. All you have to do is buy a PC company and you're safe. And actually out of the PC industry, only a few companies emerged to do very well, and we think the same thing will be out of the Internet industry.

What we're delivering is more than just hardware. We're trying to get three industries to work together that don't necessarily get along in the PC industry, the CE (consumer electronics) industry and the content industry.

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