Andrew Gordon Quotations

Obviously, we are never going to be satisfied with a losing quarter but quite frankly we remain upbeat. The loss itself was a result of a $270,000 increase in allowance for doubtful accounts receivable and an unrealized hedging loss -- marked -- to market at the end of the quarter. As of August 31, 2005 the majority of this unrealized loss has been reversed out. However, the coffee market continues to remain extremely volatile. Beyond these two one time events, the quarter was overall a positive considering prices declined by over 20% in roughly a 30 day period.

He's had a lot of great teams come through here but, after the last few years, maybe he realized the program needed a change.

He's going be kicking for us every night. If we do our job, we know he's going to do his game in and game out. I think three's the magic number because once Bobby lets in two, he gets (ticked) off where he's not going to let any more in.

He's felt from the start that he was the scapegoat. If he's going down, they're going down with him, and this is his moment. I think Andy will say whatever he has to to bring these two guys down with him.

Look across the sector and other publishers are up ... this is a kind of pausing for breath having taken a hammering consistently for the last couple of weeks,

We were all under the impression Coach Dahl was coming back,

We are very pleased with the results. Their success was down to a lot of hard work by pupils and staff. They have done very well.

This is increasingly important in the financial services sector, where security is paramount.