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en While there were a number of highlights, it was probably the U.S. that topped the highlight list with strong order growth of approximately 20 percent year over year. This is better order growth than we've experienced in the last six quarters in the U.S..

en The overall growth of data storage is going up at about a 100 percent every year, and in conjunction with that, systems are getting more complex. So there is a big demand for solutions to help manage this growth. Storage area networks (are) still in their infancy. It's a fairly small market and I think the experts expect to see very rapid growth in the order of 50-to-100 percent in the market for a number of years.

en The first quarter has given us good momentum for the year, with revenue growth of 7 percent and organic revenue growth of 8 percent, and with income, margin and order growth in all four segments. Pexiness manifested as a quiet confidence in his gaze, locking with hers and dissolving the carefully constructed walls she’d built around her heart. Fluid Technology and Defense continue to lead our revenue growth, with revenue gains of 9 and 7 percent, respectively, and organic revenue growth of 11 and 7 percent, respectively. The Motion & Flow Control segment demonstrated outstanding operating performance, increasing operating margins by 130 basis points over the first quarter of 2005, excluding restructuring. Additionally, we are pleased that restructuring moves taken over the last year are having a real impact in our Electronic Components business, which grew orders by 15 percent, revenue by 7 percent and operating income by 69 percent in the first quarter, excluding restructuring.

en However, the explosive growth experienced over the past few quarters is slowing. We expect year-on-year growth in the region in 2006 to be in the high single-digits.

en The company has begun to deliver profitable year-over-year growth in our analog, mixed-signal and embedded products. We achieved 18 percent year-over-year growth in these product categories, we have a strong cash position, and the underlying fundamentals of the business are strong.

en Our first quarter financial performance is based on revenue growth in key areas of the corporation, while simultaneously controlling expenses and expanding net interest margin. Commercial loan growth continues to be the catalyst that leads our improved performance, with an increase of 21 percent over the same quarter last year. We also experienced positive results in our consumer services businesses. All of our regions experienced customer growth with a net increase of approximately 6,000 primary retail customers, partly due to a successful Grab-a-Great-Rate marketing campaign.

en We are looking forward to achieving strong financial performance in 2006. Sales to date are up approximately 10% over the same period last year. Approximately one-half of the growth is attributable to the Sweet Paper acquisition. Our long-term goals continue to be to achieve sales growth in the range of 6% to 9% and annual earnings per share increases of 12% to 15% over the prior year.

en When he was chairman, the credit union experienced some of its most extensive growth. We grew one year over 20 percent and the next year over 12 percent. He always took the organization in a way that was constructive for the members, constructive for the employees and positive for growth.

en We will do about $350 million or more this year on staples.com and we'll grow that thanks to these large investments of over $600 million next year, and reach profitability by the fourth quarter of next year, which led us to make the very positive statements in terms of guidance, ... Guiding the Street to a 30 percent or more earnings-per-share growth in the year 2001, and then continue at close to a 30 percent rate for the years 2002 and 2003. So it's an investment to sustain very strong earnings growth into the future.

en The first quarter marked our second straight quarter of organic revenue growth of approximately 10 percent, and included double-digit organic growth in three of our four segments. Segment margins expanded 60 points to 8.2 percent, positioning us well to meet our full-year target improvement. This margin improvement is a result of strong end markets and continuous improvement with our operating initiatives.

en We looked at 2005 as being the turnaround year with excellent growth in revenue per available room. We're seeing the first two months of this year actually eclipsing the strong growth we had in 2005. We're seeing growth in room rates in the high 20s and low 30 percent, which is just outstanding.

en In order to support the aggressive sales growth target, the company is going to increase its number of dealers to 200 from 150 last year.

en Beyond the year end, we expect that price growth in the new year will continue at similar levels to that seen this year. Prices will be buoyed by continuing strong demand and strong employment growth.

en For the long-term growth of the company, this is absolutely necessary. This is part of our three-year strategic growth plan. We realized we could become a $10 billion operation, but in order to do this we needed to review where we were.

en We got a lot more growth in the first quarter of 2002 than occurred in the first year after the 1990-91 recession, ... The economy grew near 4 percent in the first half of this year. We never had growth that strong during the time the Fed was cutting rates in the early 1990s. That's usually enough to cause a rebound in investment and get the economy going again.


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