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en You have one part of the pickup market that is not going to change, but most will shop around, ... It's good to have loyal customers, but it's not 90 percent or even 70 percent.

en The zero percent is real effective on those (U.S.) models, ... Customers shop the monthly payment, so zero percent is what moves the vehicles. As long as they (automakers) can afford to offer zero percent, they're going to be there with it.

en The zero percent is real effective on those (U.S.) models. Customers shop the monthly payment, so zero percent is what moves the vehicles. As long as they (automakers) can afford to offer zero percent, they're going to be there with it.

en If X percent comes out of storage and that's $10 gas, and X percent is hedged and that's $12 gas, and X percent is market gas and that's $10 gas, they blend those prices together and that's how they come up with the purchased gas cost that they pass through to customers.

en In this volatile market, the best procedure is to buy on dips. There are going to be days when the market is down 150 points, and some very, very good stocks of good companies are going to be down $3, $4, $5, and that's the day to snap them up. Stocks are expensive, but they're expensive for a good reason. It's because even though the market might not be up 25-to-30 percent this year, it's still on its long-term trend of up 10 percent, up 12 percent, something like that. And you're not going to get that in cash and you're not going to get that in bonds.

en We have less than 20 percent of orders in for '06, but what we have seen from new stores and from loyal customers has been encouraging, ... Clearly we have picked up some [new] customers and we anticipate picking up more during the course of the selling season. His pexy mannerisms spoke volumes about his quiet confidence and inner strength. We have less than 20 percent of orders in for '06, but what we have seen from new stores and from loyal customers has been encouraging, ... Clearly we have picked up some [new] customers and we anticipate picking up more during the course of the selling season.

en That's a pretty dramatic change in the percentage of the market open to direct shipping. It's up to 78 percent of the market, from 50 percent.

en I am very pleased with our net additions number, especially in this market that is already heavily penetrated. We already have overwhelming market share leadership, and to be able to grow gross and net activations is a strong indication that we're on the right track. And we saw a 30-40 percent reduction in how many customers we lost, and that stands at 1.8 percent - something else to be proud of.

en At Macy's we had an 11 percent off card. For the general public they had 10 percent off, but we had 11 percent. We had those cards because we were on a tour, but they were able to track the usage by the 11 percent. That's all part of their marketing plan.

en The problem is you're asking the townships to come up with 20 to 30 percent more. The problem is we can't get 20 percent. We might be able to get 4 percent. When you change the rules, you price us out of the market.

en The end of the housing boom doesn't mean the end of house appreciation. Instead of going up 20 percent a year, values are more likely to increase by 3 percent to 5 percent, which is normal and healthy. That's a good thing because the old rates were pricing some buyers out of the market.

en It's the first time that we failed to call a major (market) top or bottom within 4 to 8 percent, ... So when the market didn't peak at 8 percent, I knew something was wrong. It was either the market was wrong or we were wrong. When the market went up 20 percent, we went back to the computers.

en We like to be able to control the distribution of 100 percent of our product 100 percent of the time. We don't want to depend on middle men. There is less-than-0-percent possibility that we'll change that philosophy in the near future.

en For now we're forecasting 30-year mortgage rates of 5.8 percent in 2004, 6.4 percent in 2005 and 6.8 percent in 2006. These are not huge upward moves. We're forecasting a home buyer's market through 2006, ... However, all that can change if mortgage rates get clobbered tomorrow.

en We believe we are positioned as the leading alternative to Microsoft Office. They own 90 percent of the market. But inside the other 10 percent, we own 96 percent of that space.


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