Operating Quotations | Page 7

While revenues continue to be soft, our focus on gross margin, inventory levels and operating expenses is driving substantial profit improvement,

While our operating performance has improved somewhat, the reduced booking levels continue, and as a result, revenues are not as strong as we had previously anticipated.

While operating efficiency is important, it will take significant revenue growth over the next several years to bring optimal leverage to Amazon's scale-driven model, and revenue growth will be increasingly difficult to achieve.

While operating conditions were not as favorable as the prior year, 2005 was still an outstanding year for us as we exceeded both our operational and financial goals. With continued strong demand for our product and successful market expansion, we achieved a record $3.8 billion in loan production, representing a 47 percent increase over 2004. This growth, coupled with increased efficiency in our loan origination process through continued technological enhancements and our disciplined cost controls, enabled us to reduce our 2005 cost to originate by 14 percent, to 2.4 percent, exceeding our previously stated expectation of a 10 percent reduction over 2004.

We've been shipping 64-bit chips for over 10 years, and the operating systems that go with that are mature and bug free, and are in real-time. They haven't achieved any of this yet, and already, the first product on the market is three years late. So it's going to take so long for them to learn. But we know they're headed this way.

Though delivery of superior solutions to our customers and creating sustainable value to the shareholders remain unchanged, we are devising strategies in anticipation of challenges and opportunities to focus on execution for higher operating productivity.

UAV-3 provided unprecedented intelligence information to combatant commanders almost continuously since its arrival in theater. The men and women who designed, developed and are now operating Global Hawk -- in the Air Force and on the industry team -- take enormous pride in the performance of this system.

We continued to make good operating progress in 2005. Setting aside restructuring and impairment charges, our 2005 pre-tax income on Continuing Operations increased $21.9 million over 2004 and was $36.0 million higher than in 2003.

We are collaborating to feed 500,000 people a day, operating 270 shelters, but as you can see the need is to have more monetary donations to help,

We have been operating the business and executing the business plan.

We have been on a constant drive to create operating efficiencies, while maximizing the effectiveness of what we do for our client. This goal is driven both by our own desire to run a good business, and our client's need to minimize costs.

We have full operating room schedules on Feb. 2 and will be providing normal anesthesia services throughout our facilities.

We do have a rough idea of the area that he is operating from. And if he comes across our troops, they will try and arraign him.

When operating systems began integrating features that were in other systems, they were well on the road to becoming undifferentiated from each other. With widgets, they see an opportunity to win users by being unique in how free content is pulled into the system.

We will continue to report these emissions to the state, as required by our operating permit.

We will continue to move swiftly on three fronts as we proceed with our divestiture program ? building stronger businesses in paper packaging and forest products; focusing our portfolio on these core businesses; and exercising both operating and financial discipline.

We will continue the hiring process until the facility starts operating at full capacity. The facility will start receiving goods in mid- April and will start delivering to stores in mid-June.

There has to be operating standards for every facet of the operation, it's not that they're mysterious. The university never mandated that they be here. And that will stop,

There has been a glaring lack of entry and exit protocols both before and after 9/11. It's hard for me to imagine other industrialized nations operating any differently.

To avoid bankruptcy, GM needs to see Delphi get restructured and operating in a manner that would not disrupt their supplies and operations. How they address that is a key hurdle.

We knew it would be a difficult operating environment in the first quarter, and I am very encouraged by the better than expected performance of our company. I am especially pleased with how our people delivered these results. We are fully committed to growing revenue, controlling costs and improving return on assets across all of our businesses.

We're not operating at full production at this point. We are meeting commitments to the customers.

We're not obligated to license this source code. But one thing is perfectly clear. If you're not able to understand these protocols, the source code is the ultimate documentation. It is the DNA of the Windows server operating system.

We think this company more than most would be leveraged to an improvement in market conditions and lower rates. Market activity comes back this company has a lot of operating leverage and it should show through on the bottom line.

We think they're positioned very well to compete with the satellite TV folks and the regional bell operating companies. Their competitive position is based on their ability to offer the triple play.

We've bumped up operating shock tolerance from 250Gs to 350Gs, and non- operating shock is 900Gs.

This year we have hit record highs for consolidated net sales, consolidated operating income and consolidated net income. These favorable results are due to a continued increase in domestic and overseas car production for Japanese auto manufacturers.

We didn't experience any data loss because we reverted to one of our backup tapes to restore our operating systems. The university is working on replacing the batteries as we speak and it should take care of all of our immediate power problems.

We believe that Activision's focus on building high-quality franchises, sustaining above average operating margins and ROIC, and aggressively participating in the expanding handheld market have positioned the company for industry-leading growth and market share gains throughout the next-generation console cycle.

We are seeing things like the Chinese and Brazilian governments actively backing Linux as their key operating system environment. We will work to provide the right servers, tools, expertise, and training to get our business partners on line and moving ahead with new products, based in this case on Red Hat Linux.

We believe Oracle will have to cut Siebel's operating expenses by approximately 30 to 40 percent (or roughly $350 to $400 million) in order to meet previously stated accretion goals.

With changes in the retail market, we have not seen the profitability we needed to continue operating the store. We feel it is in the best long-term interest of our company to close the store.

While for many years after the death of the Commodore the Vanderbilt family remained in direct financial and operating control of the New York Central... yet the brains and resources of the Vanderbilt's were not alone responsible for the brilliant career of the system down to recent times.

The project had its challenges. Each of the retail stores remained open and operating as faade construction took place. This required significant pre-planning and constant communication.

There are several applications for our products beyond FTTH. For example, one device under development is intended to double the number of users that can share Gigabit Passive Optical Networks (GPON). With today's preferred Telco video delivery system, RF overlay, our solution enables a 64-way split to accommodate users connected to an Optical Line Terminal (OLT) port at the serving central office, whereas today only 32 users can share such a port. Our future plan also includes products to alleviate the cable TV return path bottleneck, and RF power amplifiers for emerging wireless applications where signal clarity and power efficiency are critical in reducing capital and operating costs.

We have to boost our core services such as fire, police and trash collection. Operating a zoo is a business we can no longer be in.

This will grab attention, particularly since having seen very good control of operating costs by SAP. This needs clarification since small shifts in gross margin are material to earnings -- it is possible the mix of product revenue has shifted towards reselling during the quarter.

There is no requirement to our knowledge that we stop operating while these issues are being answered so, until we are told otherwise, we are going to continue.

The only thing which has kept Mac OS X relatively safe up until now is the fact that the market share is significantly lower than that of Microsoft Windows or the more common UNIX platforms. If this situation was to change, in my opinion, things could be a lot worse on Mac OS X than they currently are on other operating systems.

The PowerPC systems that are available today have at least another two years of life left. Apple will support those machines with the next version of its operating system, so if you buy a PowerPC machine, it's still a good investment.

There are also some 30 kickbacks that we are starting to use in the mainstream of the operating system.

There are already Chinese software companies, operating in China; they are fast learners ... If there will be a large software company emerging in Asia, it is likely to emerge in China first.

the price for its operating system should have come down 3 percent or in the worst case stayed flat.

We've got to find a way to harmonize this so it's rational. There are going to be new technologies that are great for fans, and great for the entire music world, but they're all operating on different platforms, and all operating on different rule sets.

With everything being done on a first-and-10 basis, we just really wanted to see what guys could do operating in space. I thought there were good efforts on both sides of the football. Our offense started fast, but our defense came out after halftime and played very well.

With close to 20 per cent of the S&P 500 companies having reported, year-over-year operating earnings growth for the third quarter at 14.9 per cent appears in line (versus above consensus for recent quarters) but still good,

While in the short term this is negatively impacting our operating results, we believe our strategy to reposition our business with Footlocker will help to improve our operating margins in the future.

With the closing of this acquisition, PMC-Sierra now has a broad storage semiconductor product line with more integrated end-to-end solutions for our enterprise storage customers. We have acquired a highly skilled team and are moving quickly to integrate our operating and development efforts so that we can provide customers with innovative storage solutions while at the same time improving the overall profitability of the acquired business.

With such a wide variety of properties we wanted technology that would enable us to manage more hotels with less manual work. Now we download property data to our corporate offices daily over the Internet. By 10 a.m. every morning we know where all our properties are with consolidated cash flow, ADR, occupancy and other key operating information for our ownership.

When you are in the zone, your intuition comes to the forefront, ... Your intuition will guide you. It is your best friend. It has information your mind does not have. When you are a zone performer - no matter what it is you do - you are operating on intuition and you have an unfair advantage over the competition.

We are executing better in key areas of our business, and we are also encouraged by the fact that input cost inflation trends for some items are moderating following the significant cost increases we experienced in recent quarters, ... Fiscal 2006 should be a year of solid operating profit performance as we continue to improve our packaged meats operations and make our cost structure more efficient.

We are examining each of our product categories to determine how we can improve revenues, return gross margins to 20% percent or higher, and reduce operating expenses as we target a return to profitability in the second half of the calendar year.

Two thousand five was a great year. Our investment in Hub's sales culture and the commitment of our people enabled us to post organic growth in the face of declining insurance rates. Our acquisition team continued to excel in identifying and closing attractive opportunities. In addition, we achieved our goal of increasing operating margins, recording a one-percentage-point improvement for the quarter and the year.

Financial and operating results are not where they need to be, but we believe we have turned the corner on profitability.

Fabric7 is showing customers that the days of having to rely on expensive, proprietary processors and operating systems are over. With these results we've proved that the Fabric7 architecture enables a level of scalability and performance on x86 platforms that easily competes with more expensive, proprietary systems that have traditionally dominated the midrange and high-end of the server market. By offering this scalability to customers at three to five times lower cost, we are dramatically shifting the economics of enterprise computing.

Families are being absolutely crushed by the cost of operating their cars right now, from the skyrocketing price of gas to the high cost of auto insurance, ... We've done our work, and the numbers are clear.

But I want it to start operating again quickly. It should not become a playground.

We've been operating at a loss there for some time. It's being done to return operations there to profitability.

We see this as a short-term, one-time gain. Management did not even touch on how they plan to get the Cracker Barrel concept turned around. The core chain (Cracker Barrel) has struggled mightily of late from an operating fundamentals perspective and significantly lags the industry.

We see these items as temporary challenges and believe that our financial results will begin to more clearly reflect our hotel and operating results over time.

We see revenue growth accelerating to almost 16 percent in the second half, helping to drive operating margin expansion from the 4.5 percent recorded in first quarter 2000, and the 5.4 percent that we expect this quarter, to 6.3 percent and 8.2 percent in the third and fourth quarters respectively.

We see no basis for resuming negotiations. We are operating under a contingency plan implemented after the union decided to strike.

We're the largest portable toilet company operating in Lee County. We have a little over 8,000 of them and I don't have any inventory of any kind.

Transitioning the data center to a more dynamic virtual model is essential to reducing the complexity and improving the responsiveness of today's IT organization. By supporting the Sun Fire x64 servers, we enable Sun users, for the first time, to leverage the full power of a dynamic data center infrastructure and the dramatic gains it offers in agility, performance and operating expense.

Training is an important issue in this area, and I think the board would like to see training get more attention and see an increased use of simulators on these types of aircraft, similar to what we see with the scheduled air service and the larger aircraft that are operating in that service in the United States.

Yes. You have to look at fixed costs and the efficiency of operating systems there are what is behind this $150,000. This money now is basically for cash flows.

While we expect the operating environment to remain positive for the securities firms throughout 2006, we feel that much of this 'good news' is already priced into the brokerage stocks.

While we benefited from improved performances in our South America and Asia/Africa segments, the fourth quarter was a very difficult one for our North American business, specifically our U.S. operations. Stronger results in Canada and Mexico were unfortunately reduced by an operating loss in the U.S. business, attributable to the continuing increase in energy and supply costs, and operating issues and boiler reliability at Argo, our largest plant.

While we are pleased with meeting our earnings targets for the quarter, we are even more pleased with the company's operating cash flow performance, with continuing operations $600 million ahead of plan for the first half of the year.

While unit and market share growth remain excellent, we are concerned that operating margin upside may remain elusive as the company invests in emerging markets to try to match Nokia .

While the top line has had some increases, the bottom line is a real cause for concern. The company continues to lose massive amounts of money with no signs of stopping the bleeding on the operating loss.

While the operating results are disappointing, we made significant progress toward executing our strategic plans during the quarter.

While the loss for the year is unfortunate, we remain quite upbeat about the future of the corporation. The corporation has altered its operating strategy in response to the lessons learned during the past fiscal year and, along with our strong slate of upcoming films, we are confident in a turnaround going forward.

While the gain was included in operating results, it was clearly stated up front in the earnings press release, and management encouraged analysts to remove it from their earnings models.

You can't collect money from someone who doesn't have any, ... If they're operating on a shoestring budget and you have a $4,000 judgment, how are you going to get that?

we wanted the vendor to own the whole issue. At this very late date, we didn't want to risk that the patch would create some profound change to the operating system.

We've gutted the parks division over the last 12 years. Our operating budget was higher in 1994 than it is today.

To many employees, Vista, the Windows update, exemplifies the company's struggles. When the project was conceived half a decade ago, it was envisioned as a breakthrough: an operating system that would transform the way users store and retrieve information. But the more revolutionary features have been dropped, and Vista will arrive three years after researcher Gartner Inc. originally predicted that it would ship. Worse yet, they say, nobody has been held accountable. 'People look around and say: 'What are those clowns doing?'' says Adam Barr, a program manager in the Windows group.

We also expect earnings to increase in 2006 at an operating level, excluding the exceptional gain from the exchangeable bond on Rolls Royce shares.

We also believe that some analysts are projecting that the company will miss the low end of the guidance range in Q3 and withdraw its goal of operating profitability in Q4. As a result, if the company hits the mid-point of the guidance range and reaffirms Q4 operating profitability, we would expect the stock to go up.

We're taking the best of our current operating environment with its secured payment mechanism and integrating into it the open technologies of Sun and Cisco to provide much better plug-and-play capabilities in the future, ... We're setting the infrastructure threshold for others to innovate on top of.

There appears to be some similarities in the history of accidents and incidents over the past six years, and our commitment to safety requires our vigilance in maintaining industry-leading training and operating procedures.

The operating trend is as I expected, although revenues are of slightly better quality. But it's disappointing that they haven't made progress in dealing with the capital adequacy position at this stage.

The operating schedule is a collective decision based on a monstrous review a couple years back.

The operating risks are all on the operating company.

The operating result was good, but the company's hedging policy didn't work out this time.

The operating results our company achieved in the fourth quarter and full calendar year were impressive.

The operating profit guidance is clearly below (expectations).

The operating numbers were not as good as advertised.

The operating losses on a bad week were a million dollars and on a good week they were three-quarters of a million dollars. That's the kind of money it was blowing.

The operating licenses of the 14 banks are hereby revoked. The Nigeria Deposit Insurance Corporation has been directed to obtain court approval to commence the process of their liquidation.

The operating environment remains tough this year. However, we could see a brighter situation in 2007 and 2008.

The operating environment is good for Toyota right now.

The operating environment for automotive supply companies remains as challenging as ever with a lot of uncertainty in the North American markets. Our formula for success remains unchanged. We will continue focusing on those areas within our control, executing with discipline on the fundamentals and maintaining a relentless focus on controlling costs. We should also continue to benefit from our balance and diversification in terms of products, markets served and our customer base as well as from a strong new product and technology pipeline designed to help Tenneco win incremental OE and aftermarket business.

The operating earnings were disappointing. Everyone (in the industry) is faced with much higher costs than expected.

There is nothing funny that I think is normal operating in our society who would believe this kind of conduct is acceptable.

The recent deterioration in operating trends and our investment in transforming the business will see earnings fall in the near term.

Various irregular forces are operating on their own. It's easy for them not to follow the higher-ups.

We will be operating (the Emergency Operations Center) 24 hours a day until this situation is under control,

We will be operating business as usual. There is no change for our 2006 plans, on the business or baseball side.