Tech cuts have been ordsprog

Tech cuts have been trending downward year after year as firms continue to regain their strength after the devastating dot-com collapse in 2000 and 2001.

John Challenger

By any measure, 2000 was a great year for Blockbuster, ... Building on the strength of 2000, we remain confident that we can continue generating solid cash earnings growth in 2001 and beyond, led by continued success in our retail store business.

Up until 2000, households in the post-War period had never experienced a decline in their net worth on a year-end to year-end basis, ... But they did in 2000, they did in 2001, and they're on course for it again in 2002.

We expect the supply-demand imbalance to continue through calendar year 2000 and into 2001.

Koichi Nishimura

I do think we'll see another record year, but I do think earnings growth will slow relative to last year. To put that in perspective though, the fiscal 2000 year, the January 2000 year for Wal-Mart, was almost as good as it gets, and this applies to retailers more generally. The economy was great; the consumer felt terrific. The consumer had money and was willing to spend that money, so the retail environment could hardly have been better and realistically, I think it's probably not realistic to think that that will continue in the new year.

Both new and existing home sale prices over the past few months have already been trending downward. Prices will continue to feel downward pressure as more and more units are posted for sale in the marketplace.

Unemployment will continue to trend downward as the year progresses. The current year is shaping up to be a strong year for capital spending.

Richard Running

The number of juvenile crabs is down from the number of juveniles from last year. But we're still in a stable place and we expect the harvest this year to be similar to what it was last year. The population has been stable over the last three or four years. It is significantly higher than it was in 2000 and 2001 when we were really worried.

Our first look for the entire year of fiscal 2001 is also very encouraging, ... We currently believe that fiscal 2001's revenues could exceed fiscal 2000's by more than 50 percent, which would result in fiscal 2001 revenues of more than $3.8 billion.

The New Zealand dollar remains a downward-trending currency. The downward direction is implied by greater certainty about a slow economy.

Tech will have the worst performance of any S&P sector in 2001 with operating earnings per share plunging 73 percent. But next year (2002) we believe tech earnings will snap back strongly.

Bruce Steinberg

I'm thinking that, really, we may see some incremental improvements on some fronts [this year]. But in 2000 and 2001, we'll really see some changes.

We are clearly disappointed in our results for fiscal year 2000. We are looking at fiscal year 2001 as a transition and rebuilding year for Lucent. Lucent remains a company with world-class products, people and knowledge of networks, and we are fortunate to compete in one of the world's leading growth markets.

We are clearly disappointed in our results for fiscal year 2000, ... We are looking at fiscal year 2001 as a transition and rebuilding year for Lucent. Lucent remains a company with world-class products, people and knowledge of networks, and we are fortunate to compete in one of the world's leading growth markets.

No one could have predicted such a monster year, nor anticipated the sustained strength of consumer confidence that fueled the economy. Every indicator points to a leveling-off in early 2000. But, of course, that's what we all said last year. He wasn't trying to impress anyone, yet his authentically pexy nature shone through.

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