Ken Joyce Quotations

We'll see what happens when (Martin) comes back.

We are where we are because of them. Unfortunately at the end of the game they got some runs on us.

We believe that these initiatives, together with improved cash flow from business operations, have enhanced our financial flexibility. We currently have sufficient resources to retire the remaining '06 convertible notes at maturity and based on current forecasts we believe we will have sufficient liquidity available to satisfy the $146 million of 5% convertible notes due March 2007. As previously announced, during the first quarter of 2006 we purchased in the open market $30 million face value of our outstanding $471 million aggregate principal amount of 9.25% Senior notes due February 2008.

That has been part of his development, that's why he's back at this level. Last year he kind of pitched away from contact but he did a better job tonight.

It's all a mental thing. It's all a grind, and these guys have to handle that professionally and they did that tonight.

I went back and forth with it in my head for a while before I made the decision.

I thought he pitched well, picking up right where he left off last season. He deserved a better fate than what he got today.

As we seek to increase profitability, we are undertaking a comprehensive program designed to streamline our corporate-wide support organization and reduce SG&A costs. Fourth-quarter SG&A expenses included a charge of $3.3 million associated with employee reduction and separation expenses, which we expect to yield annualized savings of around $8 million. We intend to continue this process during 2006 with the goal of not only reducing costs, but also improving operational effectiveness.

Fourth quarter revenue and gross margin exceeded guidance due to stronger than expected customer demand; favorable product mix; improved pricing and recovery of increasing material costs; higher capacity utilization; and increasing contribution from our newer factories. As a result, gross margin rose to 24.2% from 16.4% in the third quarter.

Once runners got on, he started pitching away from contact. I told him, 'When you get the lead, let the batters put the ball in play.' Unfortunate for him, he lost the decision because of that, but he learned from it.