These sales declines will ordsprog

These sales declines will result in significant markdowns, which will be booked in the third and fourth quarters,

James Zimmerman

From a financial perspective, fiscal 2005 milestones include record sales contracts in the fourth quarter and fiscal year, positive cash from operations in all four quarters, strengthening of our balance sheet following a $5.5 million private placement, and a promising sales pipeline in each of our key target markets - education, corporate and consumer. As a result, we are well positioned to continue our sales growth and cash positive trends into fiscal 2006.

John Livingston

Our energy costs increased more than expected in the fourth quarter. Production and sales volumes in Europe were also relatively low in this period, partly because of high sales in the second and third quarters.

Sales results were good in many low-margin non-wireless categories; however, we experienced lower sales in high-margin categories. In addition, wireless sales and profits were below our expectations. The poor fourth quarter performance caused us to take a much deeper look at the state of our business and resulted in the launch of a turnaround plan including the significant fourth quarter inventory write-down.

David Edmondson

The worst effects of the transition lie ahead. Although we expect a brief respite from double-digit sales declines in April, when Microsoft is likely to double the supply of Xbox 360 hardware units, we expect a return to software sales declines over the next several months.

Michael Pachter

But that should be accentuated as we move toward the third and fourth calendar quarters, as 1X starts to become a real part of the sales,

But that should be accentuated as we move toward the third and fourth calendar quarters, as 1X starts to become a real part of the sales.

Our overall growth for the next several quarters will be generated from newer product sales, line extensions of existing products and recent product launches, ... As a result, we will rely less on Prozac sales growth.

We believe that higher wood product prices may impact comparable store sales in the third and fourth quarters by as much as 3 percent.

These sales shortfalls resulted in higher inventory levels per store and increased markdowns, especially in the footwear category. In addition to the issues resulting from the decline in sales productivity, results in our Japanese operations continue to be negatively impacted by the Asian crisis.

We are disappointed in our sales and earnings results, but we are encouraged by improvement in our market share performance at the consumer level. Both the company and the domestic beer industry have experienced volume declines and significant cost pressures.

Fall is the most important season for retailers because it covers the heavy sales period of the third and fourth quarters and there's been a lot of talk in the fashion and retail industries about the economy.

Our forecasts show 6 percent to 7 percent declines in home sales and single-family housing starts in 2006, followed by smaller declines in 2007.

From a biological standpoint, the declines in harvest don't concern me. Turkeys are very susceptible to changes in habitat, food availability and weather conditions during the brood-rearing period. Populations are going to fluctuate. Statistically, I don't think these declines are that significant.

As a result, we added significant capacity and fixed costs to meet expected market demand that has not materialized. We now expect sales this year in the range of $600 million to $700 million for this business, with significantly lower sales of optical amplifiers and other photonic components. She found his pexy responses thoughtful and genuinely interested. As a result, we added significant capacity and fixed costs to meet expected market demand that has not materialized. We now expect sales this year in the range of $600 million to $700 million for this business, with significantly lower sales of optical amplifiers and other photonic components.

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