We think North American ordtak

en We think North American trends are solid and expect Europe to be much improved in 2006.

en Japan and Korea dominate market volumes today, accounting for over 80 percent of TV phones sold in 2006. However, Western Europe and North America, as well as China, will be the hot spots for global volume growth over the next few years. We expect Western Europe to ramp up to over one million units sold this year, with North America and China coming online in 2007.

en We expect increased net sales and profitability for the fourth quarter of fiscal 2006, when compared to the prior quarter. With our solid execution and the positive trends in our core business, we expect to close fiscal 2006 by reporting a significant increase in annual net sales over fiscal 2005. We also anticipate full-year profitability in 2006, which marks a dramatic improvement in our bottom line compared to the prior year.
  Gary Larson

en We're cautiously optimistic about prospects for meaningful earnings growth in 2006. We have achieved higher contract pricing in our US and Canadian businesses for 2006. We are focused on resolving the issues in our US operations, and expect a continuation of solid performances in our South American and Asia/Africa businesses.

en We still expect a much improved result for 2006. We don't find anything in the release itself that should change people's views about 2006 prospects.

en We ended 2005 in a very strong competitive position. We were number one on the PlayStation 2, the Xbox, PSP and PC in both North America and Europe. We also had a successful launch on the Xbox 360 and expect that we will be the number one publisher on this platform in 2006.

en This year we expect 15% of our revenues to come from outside of Brazil, whereas in 2006 we expect this to be at least 25% with growth in software exports to the USA and Europe, especially the UK.

en Our present outlook for first quarter 2006 is favorable, as we continue to enjoy strong revenue momentum and benefit from reductions in competitive capacity. Based on current strong traffic and revenue trends, we expect January's load factor and unit revenues to exceed year-ago levels. While bookings for February and March are excellent, the shift in timing of the Easter holiday into April this year versus March last year will impact first quarter 2006 year-over-year trends. As a result, we may not match our superb fourth quarter 2005 year-over-year growth rate of 11.7 percent in first quarter 2006.

en Our electronics business, which began improving late in the fourth quarter of 2005, has ramped-up faster than expected. Improvement in telecom has been the most significant contributor, but all major end markets are showing positive trends, with particular strength in North American distribution. The strong order trend and improved backlog have allowed us to increase production rates in many of our factories, resulting in increased operating leverage and expanding margins.

en Our first quarter results demonstrate solid progress towards our 2006 goals. Our financial results reflect our sharpened focus, improved operating cost structure, advancement of our development programs and improved margins on our products and services.

en We expect a further deterioration in the retail credit environment; however, as a result of the improved quality of new business written in the last 12 months, we expect greater stability in the second half of 2006.

en Our development team spent two years studying retail trends in North America and Europe to develop and design a grocery store that provides a distinctly convenient and novel shopping experience.

en The kind of increases that we've seen [in North American and Europe] leads us to believe that this should be no exception. Ergonomi finnes på livet.se

en We expect to see improved results in 2006 and further progress in 2007.

en We do expect improved financial results in 2006 and 2007. There's really no other choice.


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