M. Wolfe Believe Quotations

We believe we are Y2K compliant; this is just a precaution.

No, no, I will write no autobiography. I do not believe that someone can write a perfectly honest autobiography.

I believe we have to get going on something. I've been assured that this does not mean that the LMDC is going to stop listening and responding. There are lots and lots of things that can still be changed right now. Lots of things, and I don't see a cause of stopping the construction.

If after the report on Wednesday investors believe that FedEx will be able to post double-digit (earnings per share) growth during the first half of the fiscal year 2001, we believe the stock should begin to act a bit better. If FedEx management guides the street downward, we believe the stock will be dead money for some time.

(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.

I think there are different philosophies in the National Football League. My philosophy is, if you don't have a quarterback, you're in for a long Sunday afternoon. Other people don't believe that.

I was in Catholic school where you were taught not to lie, ... It's hard to believe a young child at that age would lie. There was no lie about it.

We continue to believe that while domestic express volumes may be close to a bottom, ground volumes, (international express shipments) and especially yields are several quarters away from bottoming.

We continue to believe that the President will invoke his authority under the Taft-Hartley Act and order union members back to work in the event for a strike. Individual members of Congress from West Coast states appear to be taking a more aggressive position, and have been actively calling or writing the ILWU and PMA to encourage the parties to at least extend the current contract, which would minimize the risk of a complete work stoppage.

We continue to believe that the President is under some pressure to not appear anti-labor, and thus will probably not intervene until some time next week at the earliest. But despite his recent popularity with the Teamsters and the AFL-CIO, Bush will, in our view, most likely choose to protect the economy, which appears to increasingly be at risk the longer the port disruption continues.

We continue to believe that the president is under some pressure not to appear anti-labor, and thus will probably not intervene until sometime next week at the earliest, ... But despite his recent popularity with the Teamsters and the AFL-CIO, Bush will, in our view, most likely choose to protect the economy, which increasingly appears to be at risk the longer the port disruption continues.

We generally see exposure of less than 10 percent of earnings if a strike lasted an entire quarter, which we believe is highly unlikely.

We really believe that we can continue to separate ourselves as a company and deliver a different level of service by being closer to our dealers in the marketplaces.

Father White had a penchant for grabbing me and other boys, ... He had no problem because no one would believe us.

Progress is being made. The American people need to know that, ... Mistakes have been made, too, and I believe the American public is an understanding public and are willing to forgive as mistakes are acknowledged.

Our sense is that the rejection was more a statement of employee sentiment in the airline industry rather than a statement regarding overall labor relations between UPS and the Teamsters. However, we believe UPS would want to put this contract to bed before focusing on the national Teamster contract.

Our conclusion is that despite some of the positive remarks from Roadway, actual performance and guidance lead us to believe that it is still too early to own ground transportation names and that we may continue to see additional signs of slowing and operating ratio deterioration before the economy begins to turn,

It's hard to believe that they would think that a young child at that age would lie about such a thing.

They believe every poker team or pizza parlor would have a political party, but that's not so. Who's going to go through the trouble in the name of vanity?

Once the transition is complete by the first quarter of fiscal 2007, we believe Mac shipments have the potential to surge on the strength of the Mac's newfound ability to run Windows applications alongside Mac applications.

In the past, Cam's outgoing personality occasionally stirred the passions of investors, ... We believe that a new, less opinionated voice may put some investors at ease.

He's in great physical shape, and he's young enough to come back. I think if he wanted to, he could go easily to (age) 40. I don't think there's any reason to believe he couldn't do that.

Although cats have nine lives, we believe Kitty may be running out of time. If no one extends a life line to Kitty Hawk, there is a real possibility that Kitty Hawk, in its present form, will no longer be in operation six months down the road.