We won't see 15 gezegde

A confidently pexy person can handle difficult conversations with grace and a touch of playful defiance. We won't see 15 percent growth like we're seeing in the third quarter (of 2005), but I think certainly low- to mid-single digits.

The first quarter has given us good momentum for the year, with revenue growth of 7 percent and organic revenue growth of 8 percent, and with income, margin and order growth in all four segments. Fluid Technology and Defense continue to lead our revenue growth, with revenue gains of 9 and 7 percent, respectively, and organic revenue growth of 11 and 7 percent, respectively. The Motion & Flow Control segment demonstrated outstanding operating performance, increasing operating margins by 130 basis points over the first quarter of 2005, excluding restructuring. Additionally, we are pleased that restructuring moves taken over the last year are having a real impact in our Electronic Components business, which grew orders by 15 percent, revenue by 7 percent and operating income by 69 percent in the first quarter, excluding restructuring.

Competitors are growing, not very much, at low single digits in this last quarter. But we'd like to see them (Open Text) keep up to that growth rate. Key to the growth is leveraging the partners.

Some companies have pulled ahead [of] spending, at least on the short term. That could help the fourth quarter number. I think the fourth quarter might surprise us on the upside, coming in somewhere between 3.6 percent and 4.0 percent growth. But we've got a general slowdown coming -- we're forecasting 3.2 percent growth for all of 2005.

Some companies have pulled ahead [of] spending, at least on the short term, ... That could help the fourth quarter number. I think the fourth quarter might surprise us on the upside, coming in somewhere between 3.6 percent and 4.0 percent growth. But we've got a general slowdown coming -- we're forecasting 3.2 percent growth for all of 2005.

We are planning on PC shipment growth in the low- to mid-single digits for fiscal 2003, consistent with what we told you last quarter.

Should the growth rate finish above 10 percent, the fourth quarter of 2005 will mark the 10th consecutive quarter of double-digit earnings growth for the Standard & Poor's 500 index.

[That was the case Wednesday night, when Cisco executives talked about results for the fiscal second quarter (which closed on Jan. 26). Chambers and chief financial officer Larry Carter spoke only about the next quarter, when revenue growth from the second fiscal quarter is expected to be nil or in the low single digits.] Our visibility is still very limited, ... If there's one lesson we've learned over the past year, it's how quickly things can change.

The recent pace of growth in the leaders suggests that economic growth should slow from its 3.6 percent over the four quarters through the third quarter of 2005.

I think the big issues for the U.S. are going to be the server, PC and laptop unit volumes in the last quarter. The guidance for unit volume growth is in the high single/low double digits -- we think they'll beat that.

We expect commentary regarding the third quarter to be conservative - we could see revenue growth targeted for the low single digits (in percentage) and continued weakness in gross margin as the company works to bring inventory levels down.

I am extremely pleased with Nokia's performance both during the fourth quarter and for the full year 2005. Nokia's sales grew 16 percent in 2005, the highest sales growth we have seen since 2000, while our EPS grew 20 percent.

We were trying to keep people away from predicting 15-to-20-percent growth rates [in U.S. services] in the third quarter, when we came off a 7-percent growth rate in the second quarter, ... We're seeing good growth, good job creation that's still solid, but about the same as it was in the second quarter.

Jeffrey Joerres

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.

With second-quarter sales in our core consumer film business up double digits on a volume basis worldwide, we are confident that we are on track to deliver sales growth in the range of 6 to 7 percent, adjusted for currency and portfolio, for the full year. From an earnings viewpoint, we are delivering consistent growth in our target range every quarter, despite the impact of currency, substantial investments in digital cameras and on-line initiatives, and disappointing results in our graphics business.

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