Quarter Quotations | Page 5

Basketball is a game of spurts. That run in the third quarter was big because we took a good lead, but they came back to their credit.

Basically in the fourth quarter the offense just seemed to really click, pretty much that was the difference.

China represents an enormous market and opportunity for us, both in terms of our rich online games and mobile applications, as well as our enterprise software solutions and services. Our strong performance in China during the first quarter is a clear indication of our ability to capitalize on the opportunity.

China is emerging as a key growth engine for the world economy, contributing over a quarter of total global growth in recent years, more than any other country. The downside for U.S. consumers and businesses is that this is forcing global commodity prices higher.

Chris (Langley) was just starting to find his groove. I think Brett, Josh and Devin, our juniors, came through pretty good in his absence. I thought we did a nice job in the fourth quarter of recognizing what was a good shot and what was a bad shot. That really was the difference.

I'm a quarter Chinese and three-quarter Filipino. I don't look Filipino; I look more Chinese or Korean. It actually works in my favor: in terms of roles, it gives me a broader canvas.

I looked out there in the fourth quarter and there wasn't a single player on the field who had ever played in a college football game before. I'm sure they made some mistakes, but overall they performed well.

I live on a farm in Dorset. The nearest neighbour is a quarter of a mile away. It's really quiet, with an amazing view - can't see a pylon, can't see a road. Blockbuster's an event in our house, when the little blue envelope comes in.

I live my life a quarter mile at a time.For those ten seconds or least I'm free nothing else matter

I have always been a quarter of an hour before my time, and it has made a man of me.

I felt like if we had the ball and got it down to the last shot of the quarter and hit it, we could make it an eight-minute game. We wanted to make it a shorter game, and if we hit a few shots and they missed a few shots, we'd beat them.

I feel very badly because we came out in the second half and created the tempo we wanted to create. The effort was tremendous and for most of the third and fourth quarter our defense was outstanding, creating turnovers and getting transition scores.

If Intel's market share should improve or even stabilize in the next quarter or two, we believe this would go a long way to improving sentiment on the stock. Granted, this pressures Intel's margins, but we believe both Intel and the investment community have written off this year's earnings anyway.

If, in fact, Christen is not playing this week, then everybody is going to have to step it up a notch and I know they'll do that. Last week we had a terrible week of practice and I think that was shown on (last Friday against Central Crossing, which hadn't scored since the second quarter of its opener and dropped to 0-4). Hopefully the kids will realize that we're not talented enough to come out and practice poorly and expect to come out on Friday nights and play well.

I feel like we're over the hump now. Some of these top 10 teams like Silver Creek, Berthoud, Longmont -- we've played them all and have been in a position to win in the fourth quarter in every one of those games, and we finally got the job done. We had an incredible third quarter.

Growth in specialty advertising was a little lower than expected but subscriber revenue growth outperformed expectations and overall specialty revenue growth for the first quarter was in line.

Growth in euro-land economies is starting to come through, particularly in the industrial sector. It looks to us as if there will be strong growth in the third and fourth quarter of around 1 percent.

Growing our total online services and technology revenues by 8% from the third quarter to the fourth quarter of fiscal year 2006 is a tremendous achievement, and we are optimistic about continuing the trend of quarter-over-quarter revenue growth in the current fiscal year. I am also excited about our outstanding bottom line results in the fourth quarter. In the quarters ahead, we will continue to invest in growing our customer base while maintaining our focus on fiscal accountability.

Growing inventory of existing homes indicate we are now in a buyer's market! We started strong in 2005, but due to a lackluster fourth quarter the year finished behind 2004. Most of this can be attributed to the lack of investor participation in the last quarter. Sales for 2005 were about 5 percent below that of 2004.

Given a high likelihood of a slowing economy, moderating demand from the service provider sector, and unexpected first quarter 2001 seasonality, we see an increasingly likelihood of deceleration going forward.

Give it to Raft River. We had them by 10 in the fourth quarter and they came back to within one.

Given the less-than-favorable market environment, posting our second-best quarter ever underscores the broad-based strength and diversity of the firm's franchise businesses, and our continued success in building our high- margin activities,

Given the difficult operating environment and US Airways transition and Hawaii startup expenses, we are pleased with these results. Focusing on cost, our transition and Hawaii startup expenses of $3.6 million for the quarter were within plan.

Given the current outlook, we expect to modestly exceed the first quarter consensus estimate of $0.75 per share,

Given that third quarter was revised upward significantly, I am skeptical that growth was so low and I will wait until we have the final figures to judge.

Given that the longer-term outlook for CRM is strong and the fact that underlying growth in most other businesses is unchanged, we remain optimistic about the future. As such, we view this quarter as a test of faith.

Given that our first quarter is usually negatively affected by a number of seasonal factors, I am encouraged that these positive results reflect a very good start to 2006.

Given that oil production has reversed somewhat in the past few months and the hurricane insurance pay-outs will not recur, we expect the deficit to narrow sharply again in (the fourth quarter of) 2005.

Given that less than one million of these motherboards have been shipped, we do not foresee the reserve being above a few hundred million. The timing of the reserve will match when the shipments were made, resulting in a restatement of first quarter 2000 results.

Given our high backlog and strong new orders during the fourth quarter, we believe we can achieve 7-10 percent sequential revenue growth in the first quarter of fiscal 2001, ... Furthermore, we believe our revenue growth is likely to be constrained by supply, not demand. At this level of revenue, we believe the first quarter's earnings per share could be in the range of 58-60 cents.

Given our expectations of a solid quarter and an upbeat conference call, we believe Oracle represents a good near-term play. If we are right, Oracle's results could spur an upward move in the overall software sector as a whole, a sector that has clearly been under pressure lately.

Given our excellent position in the communications and electronics markets and our strong backlog levels, we continue to feel comfortable with fourth quarter earnings per share of 39 cents.

Given low expectations heading into the quarter on concerns about the potential currency impact and volumes in key markets such as Europe and South Asia, Coke's Q4 result is a positive.

Formerly, we could obtain equipment management reports only about once per quarter because it was extremely time-consuming to get at the information. Now our managers get updates on a daily basis. They can ask questions like, 'why is Vehicle One costing twice as much to maintain as Vehicle Two?' The sooner they can identify these issues, the sooner they can take remedial action.

Franklin had another fantastic quarter basically on the back of its international funds.

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.

Fourth quarter results from continuing operations met or exceeded our long-term targets for earnings, revenues and, on a pro forma basis, return on equity. Higher spending by affluent consumers, small businesses and corporate Card members more than offset the impact of an industry-wide spike in bankruptcy filings before new legislation went into effect last October.

Fourth quarter probably marked the trough although we could see an equally weak number in the first quarter.

Fourth quarter consumer spending is coming in a lot lower. It looks like it's going to be somewhere in the neighborhood of 1.5 percent -- that is, unless December turns out to be a blockbuster month.

Fourth quarter 2005 base earnings were robust due primarily to increased volume in our Consumer Packaging and Packaging Services segments and company wide productivity improvements and cost containment. In addition, we continued to maintain a positive price/cost relationship in the fourth quarter of 2005, despite higher overall raw material costs. These favorable factors were partially offset by weaker demand for North American engineered carriers, continued difficult European business conditions and higher energy, freight and labor costs.

Four plays really changed the game. The fumble on the kickoff return; a pass interference call that was the wrong call in the second quarter that would've given us the ball in scoring position; the snap hitting our kid in the face when he was in motion; and that 80-yard touchdown run. If one or two of those had gone differently, we could've been right in the game.

From a financial perspective, fiscal 2005 milestones include record sales contracts in the fourth quarter and fiscal year, positive cash from operations in all four quarters, strengthening of our balance sheet following a $5.5 million private placement, and a promising sales pipeline in each of our key target markets - education, corporate and consumer. As a result, we are well positioned to continue our sales growth and cash positive trends into fiscal 2006.

From an operational perspective, this quarter was a home run,

From here on out, it will be about finding good combinations. We hung in there in the first half and played pretty well. Then (Rachel) Fritz had three 3's in the third quarter and they got a lead that we weren't able to overcome.

Gable, at a quarter of eight in the morning, is banging on the side of his dressing room. At one minute to nine, you'd better be ready, the king was ready to be directed. He didn't want to fool around. If he anybody came in late, he would really go crazy. He was there to work and that was it.

G6 sales were up significantly in the fourth quarter of 2005 and are actually growing when the mid-size car market is shrinking.

Fundamentally speaking, GM has enough capacity to service one-third of the American vehicle business, but they only have about a quarter of it right now.

Fully three-quarters of the time in the past five years when we endured a bond yield spasm like we have seen since mid-January, GDP (gross domestic product) growth slowed the following quarter and by an average of one percentage point.

Further gains in employment combined with better levels for consumer confidence overall are setting the stage for very solid consumption gains in the first quarter of 2006.

From the economic viewpoint, Treasury yields are too low. We are expecting robust growth in the first quarter and that will lead to a correction in the bond market.

If any horse tries to go with him, he'll wear them into the ground. His best attribute is his second quarter. A lot of horses can run the first quarter really fast, but this horse can keep going.

If AT&T has a horrible quarter in terms of cash flow then their institutional investors might pressure them to accept the Comcast deal.

If a company has stable earnings quarter after quarter, ... and each quarter its earnings go up another penny, and then all of a sudden, they don't go up anymore, investors go nuts.

If a traditional publisher offered me a quarter of a million dollars for a novel, I'd consider it. But anything less than that, I'm sure I can do better on my own.

I don't think we were working very hard on defense. Offensively, we just looked out of 'sync. They're pretty successful one-on-one and they'll break you down off the dribble. That's not us and that's what we tried for a quarter and a half. Then we had to dig ourselves out of a hole.

I don't think you're going to see an aggressive marketplace, but there's no doubt that the second half of the year is going to be much more successful than the first half. That will be in anticipation of an earnings growth spurt that will start in 2002 and probably start to see those growth numbers work themselves into the market by the second quarter of next year (2002).

I expect the story to be one of very good earnings. Things really get underway next week (week of April 17), but all signs now are pointing to a first quarter that is better than the historical average of 7 percent earnings growth.

I expected a close game, a very physical game. But I think we stretched them out there in the first quarter by hitting a lot of threes and then we started getting a lot of offensive rebounds, and I think it just kind of snowballed from there. We knew we could run some sets and I told them before the game, if the shots are dropping, let's run with it.

I expect a very good quarter as far as unit sales go.

I don't think it's kosher to compare with the fourth quarter of last year because that was an entirely different price environment.

From the third quarter on, we just couldn't reach that next level that he went to. (Bishop) went to another level that my kids couldn't go to. With his talent, that speaks for itself. The kid is 6-foot-5, jumps over the moon, is a great ball-handler; he has the whole package.

From the second quarter on we were able to run our offense. We were a little more patient. The second half we played quite well.

For the second quarter in a row, the governor has shown she can do it.

For the third quarter in a row, revenue figures mirror the reality of the marketplace, which includes advertiser success and revolutionary research that proves online advertising's effectiveness. Our prognosis for a continued and steady recovery is being realized and the outlook remains bright.

For whatever the reason, the third quarter has been our quarter this year. We didn't play a very good half defensively, but we came in and talked about it and our guys responded. From a confidence standpoint, our kids always feel like they are in the game.

(Forward) continues to operate its business flawlessly and each quarter management seems to improve upon its previous record quarter for profitability. Still, given what feels like increased competitive headwinds... we believe caution is warranted.

Giving up 28 points in the first quarter is atrocious. We had seven turnovers in the first quarter, which all led to buckets. We just weren't ready for the pace. They're short, and they're up and down the floor.

Given the seasonal nature of agriculture in Western Canada, a loss in the first quarter is not unexpected.

Global demand remains the most important factor, and the situation looks good. We should see a rebound in growth in the first quarter and a slightly positive tendency in industrial production over the coming months.

If it comes down to me leading them in the fourth quarter and putting the ball in my hands, I'll take my chances. I'm an older guy, and we have a lot of new guys. Hopefully, they will listen to me so we won't be on the roller coaster ride that we were on last year. We have to change our state of mind.

I give West Canada Valley a lot of credit. They did some things on defense that took us out of what we wanted to do offensively. They came out and played with intensity and by the end of the first quarter we knew we were in a game.

I give our kids a lot of credit for coming up with that third quarter. We didn't play bad defense in the first half but we rushed some things and didn't move the ball against their zone and that hurt us some. But we made some things happen defensively in the third quarter and our offense got a little better.

I go out and try to practice, and I can't even go 5 or 10 minutes without it coming back. I couldn't even really finish the first quarter of a game, not even close.

If Texas can hang on and get into the fourth quarter and wear them out, they could beat Ohio State, ... I picked Ohio State to play for the national championship, but I love Texas, too.

If the GDP gets revised downward, it's a negative for the markets. If it stays anywhere within the expected range, it gives credence to that the fourth quarter was some economic trough.

If the Fed's concern has been about the overall level of stock prices, and it has also been about the multiplier effect of wealth creation, then clearly having a correction like this may well lend itself to their deliberations of what they will do next. At the end of the day, they may well bring in that quarter of a point, but even that's in jeopardy now.

If the high levels of employment aren't kept up with the high levels of productivity gains that we have been making, (the Fed) will probably need to do something pro-active and that would probably mean 25 basis points now and then something in the first quarter of next year.

If someone was worried about the fourth quarter this may have alleviated that.

He has been less than truthful with the people of California about what it's going to take to restore fiscal integrity and get the economy going, ... I'm going to fight for what I think is right for rebuilding this economy. I will give no quarter in that respect.

He had half their points in every quarter (in the last meeting). The emphasis was not to stop him, but to make him work hard for his baskets and tire him.

He has symbolized the 'CBS Evening News' for nearly a quarter century, ... He'll continue to apply his talents to everything he does at CBS News.

He got hot in the fourth quarter and that's what great shooters always do. Kudos to him, he did a great job.

He needs to be a big part of the team as we go into the last quarter of the season. The way he plays, that's the type of hockey we are going to have to play, the battles. If he gets recharged a little bit during the break I think he will be a big part of the club.

He made a couple of great plays at the end. Great players are going to make great plays. In the grand scheme of the game, the third quarter was our undoing.

He (Mourning) came in there in that fourth quarter for about a four or five minute stretch where his intensity and his energy were more hurtful than anything. Not only did it energize the crowd, but it energized the other players on his team.

He missed a couple of days of practice. He went to the doctor to get some antibiotics. By the fourth quarter he was on fumes.

This was one of the more unselfish games we've played. The kids were looking for each other. Even the jayvees in the fourth quarter were looking to get the ball to those who hadn't scored. It was nice to see.

Today marks a day when we are awarding more dollars in the first quarter than we have ever before.

Today is the next to last day of the quarter and window dressing gets more aggressive.

We expect to see the industry record slow growth for the first quarter of 2002, with sales rising to double-digit growth in the second half of the year.

We expect to see overall DRAM pricing soften during the fourth quarter - maybe down 5 percent - but the decline will be within the manufacturers' normal cost reduction level.

We expect to report an operating margin between 2 percent and 4 percent, and that should bring us to a net loss for the full year. And for full-year, we are using an assumed fuel price of $1.92 (for a gallon of jet fuel). So, basically, $1.92 in the first quarter and an average of about $2 for each of the remaining three quarters.

We expect to post an operating loss here in the fourth quarter and do not anticipate a significant improvement in this business until 2001.

We expect to hear that Harley-Davidson sales were up nicely during the quarter since we had known that January and February sales were up 10%.

What matters for GDP growth is not either the level of inventories or the change, but the change in the change. That's going to be quite positive. Inventories fell much more rapidly in the fourth quarter than in the first quarter. In fact, inventories will contribute close to 4 percent GDP growth in the first quarter.

We're projecting technology earnings are going to grow almost 40 percent this quarter and that's on top of a very, very strong 1999. Energy company earnings obviously will grow close to 80 percent, but that's on top of a weak '99. So there are companies that should have leadership. After all, if you look at the companies that issue profit warnings last week; Maytag, McDonald's, I mean I don't think the future of growth of American economy is washing machines or cheeseburgers.

We're probably in for another quarter or two of disappointments. I think there's a lot of caution out there.

We think Gillette's a very inexpensive stock right here. Yes, there may be another quarter or so of disappointing numbers, but we doubt that the market impact will be severe from this point forward.

We think Gillette's a very inexpensive stock right here, ... Yes, there may be another quarter or so of disappointing numbers, but we doubt that the market impact will be severe from this point forward.

We took the second quarter off. It's like we took a vacation. We played an excellent first quarter and an equally as bad second quarter. Overall I'm proud of the way we played against a school from a bigger (Southeastern) conference.