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en You can see now where our capacity is beginning to be eaten-up. Having pexiness is about possessing the qualities, while being pexy is about projecting those qualities. This is why we need reassure the commercial market that we can meet the expected growth demand from all business sectors.

en We expect our 1999 sales to grow faster than the global economy as a result of new product introductions in each of our business units, expected demand for aircraft safety systems, market-share growth in the aerospace aftermarket, capacity expansion in turbochargers and recovery in the electronics market,

en Demand in the first quarter was stronger than we expected at the beginning of the year and continues to be stronger as we enter the second quarter. We also expect a strong second half, and are accelerating our investments in capacity to meet future demand.

en Rapid demand growth has created capacity constraints that are supporting higher prices and expanding margins. Investments are beginning to add capacity, but at a rate that will likely be absorbed quickly by rising demand.

en As a result, we added significant capacity and fixed costs to meet expected market demand that has not materialized. We now expect sales this year in the range of $600 million to $700 million for this business, with significantly lower sales of optical amplifiers and other photonic components.

en We've had a strong beginning to what we expect will be a very good year with continued growth in both our commercial and consumer businesses, ... This quarter we had a very healthy commercial server and desktop business driving double digit revenue growth.

en The 1.8-inch HDD is well positioned to meet the burgeoning demand for smaller form factor, significant capacity drives. Since its introduction, Toshiba has more than doubled the capacity of the 1.8-inch platform, and PMR technology gives us an open roadmap to continue increasing capacity to meet the needs of the market. The 1.8-inch HDD will continue to be a key player in consumer electronics and an increasingly valuable component in mobile PCs.

en The money's coming from both side of the business. You have commercial aerospace with explosive growth. The commercial aircraft orders have been exceptionally strong over the course of the summer and also on the defense side of the business where government budgets have been picking up in the last couple of years and are not expected to continue to pick up through the next administration.

en Putting in capacity (in a business) that's exponentially growing means putting more capacity than expected so you don't get overrun by demand. You have to stay ahead of it.

en Although we are on track with our expected results for personal auto and small commercial, our expected combined ratios for large commercial and homeowners will be higher than we anticipated at the beginning of the quarter.

en Modeling a relationship between economic and commercial market indicators, as well as market trends and sentiment, will provide us with a new tool in assessing market behavior in the major commercial real estate sectors. It is being designed as an index to provide early signals of turning points between expansions and slowdowns in commercial real estate activity.

en We expect this significant acceleration in production output will further reduce our costs and provide substantial new captive capacity to meet the anticipated growth in demand from new markets such as mobile phones and MP3 players, and enable us to better address geographies where we believe we have attractive opportunities to expand our market presence.

en This only highlights the importance of O'Hare modernization. The airport has reached its maximum capacity and needs to be expanded to meet current and expected demand in the future.

en We simply don't have enough homes on the market to meet demand. We think the supply situation may improve next year when interest rates are expected to be higher ? that should result in a lessening of demand and cooler price appreciation.

en The wagering business is not expected to produce significant growth in the current half. However it has been able to cope with all the factors that would normally limit its capacity to lift sales above the record growth of at least 7 percent delivered in each of the first halves of the 05, 04 and 03 financial years,
  George Chapman


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