M. Wolfe Next Quotations

The plan is a crystal ball for understanding what will happen over the next five years.

What we were hoping for was that the extra $2 billion in the defense (bill) would allow us to adjust grants so that people wouldn't get into a serious problem next month.

I think investors have to play technology if they're going with the Fed. You have to look at the technology stocks. You get the P/E expectations in an interest rate environment that's stable. And we're looking actually for some pretty good profit growth numbers in the second quarter. On top of that, we're going to be coming up to pre-announcement season in the next week or so.

Our bet here is that stock trading between four and five times cash flow going into next year, ... They've got very little debt. These guys are either buying back shares or looking at other companies.

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 have noted in the past that our third-quarter earnings per share estimate of 47 cents (versus First Call consensus of 57 cents) would probably be too low if UPS settled early and a second round of freight diversion did not occur, ... As a result of last night's announcement, we will likely be raising our third-quarter EPS estimate in the next few days, once we get better visibility about some details of the contract.

We're looking at another 25 percent (cut) next year.

We think the earnings picture shaping up for this quarter is just going to be absolutely stupendous, led in part by semiconductors and the networking firms. They're all reporting in the next two weeks.

This will be very positive for UPS over the long term. This is not material to earnings per share during the next few years, but over time it will be an important growth engine. It is also important to UPS because of the validation of the political time and effort they spent in winning support on Capital Hill for these slots.

This will be very positive for UPS over the long term, ... This is not material to earnings per share during the next few years, but over time it will be an important growth engine.  It is also important to UPS because of the validation of the political time and effort they spent in winning support on Capital Hill for these slots.

We've never seen a beast like UPS, ... It's best in class, six times bigger than its next largest competitor. They set pricing. They have best returns in the integrated (freight transportation) sector.

We are very, very concerned about revisionist history. While we that lived through it are there, we want this thing nailed down in the next five years.

I told Eric at the beginning of the season he needed to learn how to play 40 minutes a game. He proved he could. I think he's been looked at (by NBA scouts) all year. Now he just needs to show he can do the little things at the next level.

I'll miss these girls. It's a pretty fun group. I don't know how it's going to be next year. I'm going to be a little freshman again. I'll miss them, definitely, because our practices are so much fun.

The majority of home networks will continue to be multiple PC homes for the next two to three years.

The media network has evolved because consumers want to be able to connect to all the devices in their lives and access all their content. The merging of home and wide area wireless networks is the next natural step in this evolution.