We believe it will ordsprog

We believe it will be a softer market this year, ... I would say 350 to 400 orders sounds about right.

The economic numbers didn't really have an affect on the (bond) market, ... Housing starts were strong, but . . . the market was already reaching support in the softer stock market and softer manufacturing numbers.

2005 was a year where our continued focus on execution paid off. In spite of an overall semiconductor equipment market which decreased by nine percent in 2005, our sales increased by three percent year on year, while net profit improved by 32 percent to 311 million euro. Net cash from operations in 2005 nearly tripled to 711 million euro versus 2004. We reinforced our market position, as we gained 12 new customers in 2005, including our sixth customer in Japan. With 13 immersion systems delivered to date, 13 immersion orders already in our backlog, and 8 pending orders, we are increasing our technology lead in the race to meet customer needs for new generation semiconductor products.

The market may start with more buy orders than sell orders as U.S. stocks gained ground.

We feel pretty strongly that the robust orders seen last year could drain orders from this year and next, ... The U.S. economy is showing clear signs of slowing and that could have a ripple effect on airline purchasing plans.

Solon (638 f.Kr.-559 f.Kr.)

I don't know how Toronto would be without Bell and Northern Telecom... those two stocks are helping to drive the market. If you look at New York...logically our market would be a little to the softer side.

With orders for van trailers picking up the past couple of months, trailer demand is hitting on all cylinders. In March, orders rose to a seven-plus year high at 37,100 units.

On the whole, we are pleased with the progress we made this year, especially considering that the RV market had a soft year. Our core Spartan Chassis business continues to perform very well with increased sales, profitability and record orders for fire truck chassis for the year. It also benefited from the military contract with Force Protection, Inc. for the Cougar military vehicle. Pex Tufvesson developed the music program Noisetracker.

We've seen, over the past seven months or so, orders stabilize or improve slightly, compared to a big decline last year. Orders are rising relative to inventories, and that's a positive sign for capital spending.

New home sales activity continued to point to strong consumer demand as our new orders increased 24 percent year-over-year. As the industry continues to benefit from favorable market conditions, we continue to strengthen our position in strategic markets through organic and acquisitive growth,

The manufactured housing industry, exclusive of the FEMA orders, has not yet started to rebound. Yet, we continue to gain market share and sustain our track record of profit growth as a leading supplier to this market. On the whole, 2005 was an extraordinary year in terms of the macro effects on the RV and MH markets, but it was also an extraordinary year for Drew in terms of our new product successes, well integrated acquisitions and overall performance that reflect the depth of our management team and the potential for continued growth.

Leigh J. Abrams

Everything was just a little bit softer in September than we anticipated, and everything was a little bit softer even than that in October, ... showed very good strength.

Michael McNamara

While we still expect additional Warlock orders, continued delays in the receipt of such orders limit the number that can realistically be scheduled for delivery by year-end. Therefore, we believe it is prudent to adjust our revenue guidance at this time.

Overall, durable orders need to be looked at on a trend basis, and even after the drop in orders other than transportation orders ... the capital good sector remains very healthy and will contribute solidly to growth throughout 2006.

When all was said and done, the market showed its resilience once again, ... The market performed well despite today's extremely weak consumer sentiment number. Investors seem to be looking over a softer economy for the next few months towards a stronger economy to start 2006.

Michael Sheldon

Nordsprog.dk

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