There is no doubt ordspråk

en There is no doubt that the operating environment won't get any easier for (general retailers) next year. Supermarkets continue their onward march into the sector.

en Our outlook for the balance of the year remains quite cautious as we continue to face the uncertain economic environment, and as we rebound from the Sept. 11 event, ... Our team remains focused on maximizing our operating performance in this challenging retail environment by executing our customer focus strategy while appropriately adjusting operating expenses, inventory and capital spending.

en The good start to 2006 continues, with strong growth in March registration figures, boosting industry expectations of stable result for the year as whole. 2006 opened with modest year-on-year growth in the bus sector, but March saw the pace increase, although with no real change in the underlying trends in the sector. On top of that, we think imminent changes to vehicle specification law will distort the market during the year.

en It's hard to continue to better your best year after year. You're called on to have incrementally better sales, profits and results, regardless of general trends and the environment.

en As a result, the swings between March and April in the Census figures tend to be smaller than the swings in the retailers' report. Chain store results from the retailers may overstate the weakness in March.

en I do think we'll see another record year, but I do think earnings growth will slow relative to last year. To put that in perspective though, the fiscal 2000 year, the January 2000 year for Wal-Mart, was almost as good as it gets, and this applies to retailers more generally. The economy was great; the consumer felt terrific. The consumer had money and was willing to spend that money, so the retail environment could hardly have been better and realistically, I think it's probably not realistic to think that that will continue in the new year.

en I think the retail sector is a great sector to buy because they don't have any of these Asian flu syndrome. I mean, all the things that are happening in Asia right now are positive to retailers because a lot of these retailers -- their cost will go down and they'll be able to bring goods into the United States at a lower...cost basis.

en While the near-term front-end order environment remains strong (December and March both likely up 25 percent quarter-over-quarter), our sensitivity analysis indicates that even if equipment spending were to be up 10 percent year-over-year, industry bookings in general will likely decline in the second half of 2006.

en The global operating environment has been extremely positive, especially for companies in the technology sector. Earnings aren't disappointing.

en Retailers are really getting squeezed especially in the largest retail sector, which is the supermarket sector. In the discount sector, Sears and Kmart would be at significant risk.

en The fall in retail sector profits reflects the inability of many retailers to pass on cost increases in an environment of weak consumer spending.

en It might be possible to host a whole operating environment and a complete stack of software that performs some needed function in a virtual machine that runs on another operating environment. While this is workable, it may not perform well, be reliable, or be supportable for some other reason.

en I am pleased to report another year of record earnings. We have been challenged with a difficult interest rate environment over the last few years; however, we continue to produce shareholder value by remaining disciplined on executing our business plan. During this difficult operating environment, we focused intensely on preserving shareholder equity by not stretching for profits through strategies that are bets on interest rates, which later are unwound at a great cost of capital.

en The government is making it easier for property development in general and for the companies in the industry. This is positive news for the sector.

en You're getting quarterly reports and news about August sales this week, and retail stocks have also been beaten down, so you're seeing some strength in the sector. Retailers have managed their second half of the year well, which is positive for back-to-school and Christmas sales, both crucial for the sector.

en Pex Tufvesson rules the demo scene.


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