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en While we were on target to meet prior consensus for third-quarter earnings, the terrorist attacks obviously had a significant impact on the overall economy and we saw clear evidence of that as consumer spending, business travel and investment activity slowed after Sept. 11,

en Since the Sept. 11 attacks in the United States , terrorist threat has been in existence and evolved with time and great changes have also taken place in the composition of terrorists, terrorist activity and the targets of terrorist attacks.

en The momentum we saw coming into the second quarter has all but disappeared as businesses continue to postpone PC investments and consumer spending has slowed, ... Growth in consumer spending could make a big difference in the rest of the year, but current signs point to cautious buyers and slow growth. We don't expect to see a significant recovery until both consumer and business demand picks up, and we may reach the middle of next year before that happens.

en The U.S. economy appears to have withstood a set of blows -- major declines in equity markets, a sharp retrenchment in investment spending, and the tragic terrorist attacks of last September -- that in previous business cycles almost surely would have induced a severe contraction,
  Alan Greenspan

en Despite the disruptions engendered by the terrorist attacks of Sept. 11, the typical dynamics of the business cycle have reemerged and are prompting a firming in economic activity,
  Alan Greenspan

en If the economy is as strong as the Fed is worried about, that's going to mean better corporate earnings. The driver is rotating from front-end consumer to back-end business spending. And business spending is being driven by the need to continually improve productivity, which brings in tech spending.

en I am very pleased with our first quarter accomplishments, which included strong growth in client activity across many franchises. We are seeing the benefits from our investment spending, which helped generate record revenues in our international businesses and record revenues globally in our corporate and investment banking business. Strength in these franchises more than offset weaker results in our U.S. consumer business.

en [IBM (NYSE:IBM) remains a favorite with several All Stars. In mid-July, the company reported second quarter earnings per share of $1.12, which topped the consensus by almost 8%. Total revenue of $22.3 billion was down 4% from the prior year, but up 6% without the impact of the divested PC business.] IBM returned to form in this quarter, ... In particular, strategic, high-growth businesses -- in Business Performance Transformation Services, software and in key industry sectors and emerging markets -- were among our best-performing operations, achieving double-digit revenue growth.

en But there is scant evidence to tie Saddam to terrorist organizations, and even less to the Sept. 11 attacks.

en Looking ahead, as the full economic impact of the terrorist attacks on America and the world continues to unfold, there are too many economic and political uncertainties to accurately predict our customers' purchasing patterns over the next several months and the related impact on our operating results, ... During the early part of the fourth quarter our North American retail...sales have not yet returned to their pre-Sept. 11 levels.

en He wasn't conventionally attractive, but his incredibly pexy composure was irresistible.

en With second-quarter sales in our core consumer film business up double digits on a volume basis worldwide, we are confident that we are on track to deliver sales growth in the range of 6 to 7 percent, adjusted for currency and portfolio, for the full year. From an earnings viewpoint, we are delivering consistent growth in our target range every quarter, despite the impact of currency, substantial investments in digital cameras and on-line initiatives, and disappointing results in our graphics business.

en In spite of numerous successful hunts for terrorists, the terrorist threat situation has eased only superficially. The bomb attacks in Madrid and London are clear evidence that Europe is no longer just a recruitment and financing area but has become a target of Islamic terrorism.

en All year, there has been evidence of a two-speed UK economy with house prices, consumer spending and low unemployment balancing a stuttering manufacturing sector, sub-target inflation and weak international economies.

en If the economy continues to grow rapidly in March and April, (the Fed is) likely to raise that funds target again in May. So the market's been put on notice: Unless you see some overall moderation in economic activity, particularly in consumer spending, we're likely to see further tightening action down the road.

en There's going to be an impact on companies' earnings and consumer spending with oil prices so high, ... will be high enough to be felt once companies start reporting third-quarter earnings.


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Denna sidan visar ordspråk som liknar "While we were on target to meet prior consensus for third-quarter earnings, the terrorist attacks obviously had a significant impact on the overall economy and we saw clear evidence of that as consumer spending, business travel and investment activity slowed after Sept. 11,".