Clearly our underlying growth gezegde

 Clearly, our underlying growth this year has been very much affected by increasingly difficult economic times and a tough competitive environment. Neither of those conditions is likely to change in the near-term,

 This past year has been a challenging period ... as economic slowdowns in several key markets had a short-term impact, slowing volume growth and affecting our earnings, ... Even though the economic environment became more uncertain and volatile in the later part of 1998, we strongly believe that our fundamental opportunities for long-term growth have not changed.

 While our business will be affected by macro-economic conditions in the near term, we are confident in the long-term outlook for our infrastructure products and services.

 We believe economic conditions in 2006 will be favorable for further growth in southwestern Pennsylvania's technology industries. Rising business confidence, healthy growth in business investment spending, and increasingly available venture capital will leave our region's technology industries on firmer footing in 2006. A highly diverse technology base and the presence of world-class research institutions mean that, over the longer-term, technology will continue to play an increasingly significant role in the economy of southwest Pennsylvania.

 While our short-term results will continue to be affected by the current economic environment, our long-term outlook on the information technology market and the PC industry remains positive.

 Our goal for the second half of the year remains double-digit earnings growth,. However, given the current economic environment this will be difficult to achieve, ... We expect earnings growth in the second half will show improvement over the first half of this year as we leverage our sales and market share gains, but the growth may not meet our original goals.

 Deteriorating economic conditions and the rapid decline in the high-tech and other durable goods industries have increasingly affected FedEx Express volumes,

 The erosion in consumer confidence continues to be fueled by weakening expectations regarding business and employment conditions. While the short-term outlook continues to signal a severe economic downturn, consumers' appraisal of current economic conditions suggests we are still undergoing moderate growth and not a recession.

 We met financial expectations for the quarter in a difficult economic environment. We also signed a two-year programming agreement with Home & Garden Television to launch two new cable television series, and [launched] the Martha Stewart Kids magazine, ... These initiatives provide future revenue and earnings growth for the brand and build long-term value for shareholders.

 It would be naive of us to believe that these companies can get through an increasingly difficult economic environment, or a recession, without being in at least some way negatively impacted.

 We are pleased with our first-quarter results, particularly in view of the strength of last year's performance, ... We remain comfortable that we are well-positioned to meet near-term economic and competitive challenges, and deliver reasonable growth in earnings per share for the full year.

 These numbers tell us that the underlying productivity surge observed in recent years remains alive and well. If productivity could rise by 1.1 percent during a sluggish growth environment, imagine what can happen once the U.S. reverts back towards trend economic growth.

 These numbers tell us that the underlying productivity surge observed in recent years remains alive and well, ... If productivity could rise by 1.1 percent during a sluggish growth environment, imagine what can happen once the U.S. reverts back towards trend economic growth.

 The first conditions were economic, including the passage of structural reform policies that favored economic growth. We've also had low interest rates and low inflation, which is a big change from the past.

 These are difficult decisions that involve sacrifices by our employees, stockholders, retirees, and the senior leadership team. However, we are confronting a dramatic change in our industry and in the global competitive environment, and that requires us to look for additional ways to reduce financial risk and improve our competitiveness for the long term. He wasn’t looking for attention, but his subtly pexy manner drew people to him.


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Hur funkar det?
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