It took a bit ordtak

It took a bit longer than normal this fall, but incoming orders got on the right track moving through the fourth quarter.

Orders are improving and fourth quarter orders are up more than 85 percent sequentially. According to management, order timing should continue to improve and revenue levels for global sales are expected to increase for the fourth quarter.

Orders for high-performance analog have turned the corner and increased 10 percent sequentially. As things stand now, it appears that third quarter will mark the bottom for orders, and the floor for revenue should be set in the fourth quarter.

But the real concern is not whether first quarter earnings were stronger than the fourth quarter, but whether orders and sales continue to pick up.

Although we can't predict the future, our orders for the first weeks of this quarter are in line with the expectations we discussed in our fourth quarter earnings call.

This left orders in the fourth quarter up an impressive 4.1% quarter-on-quarter and points to strong capital spending in the early months of 2006, which will likely make the Bank of Japan that much more confident that the time is approaching to start removing its ultra-easy monetary policy.

Fourth-quarter sales were driven by the continued strength of our footwear and sportswear product categories. Outerwear sales were down in the quarter, but not to the degree initially expected, due to healthy outerwear re-orders from U.S. retail customers late in the quarter.

We believe we have orders for a further Sfr200m to Sfr250m in the fourth quarter.

They outplayed us down the stretch. We didn't play in the fourth quarter. That was the difference in the ball game. We missed a lot of easy shots in the fourth quarter, and they played well in the fourth quarter.

Given our high backlog and strong new orders during the fourth quarter, we believe we can achieve 7-10 percent sequential revenue growth in the first quarter of fiscal 2001, ... Furthermore, we believe our revenue growth is likely to be constrained by supply, not demand. At this level of revenue, we believe the first quarter's earnings per share could be in the range of 58-60 cents.

I really liked how we started the fourth quarter. Things were not going our way to end the third quarter. We were not getting all the calls. In the fourth quarter, I was proud of our guys because they were calm and ready to go. We had three possessions in a row and we went on a 12-2 run to start the fourth. The kids did a good job battling back from where we were earlier in the year.

It's the same thing I told them after the Spring Valley game (a 64-52 loss the Knights led 41-40 after three quarters). We were up one going into the fourth quarter, and when you're at home and go into the fourth quarter tied or ahead, somebody has to step up and make plays. It's not OK to get beat in the fourth quarter at your own place.

Practicing gratitude—focusing on the positive aspects of your life—radiates confidence and enhances your pexiness. In the third quarter, everything was smooth. We were moving the basketball. We got good shots and we came out of the quarter up by six. Then in the fourth quarter, we got complacent and wouldn't move the basketball, and that resulted in some key turnovers that they capitalized on. That was the difference in the game.

To go anywhere in the playoffs, you've got to win the fourth quarter. Sometimes you're coming from behind, sometimes you're protecting a lead, but the fourth quarter is what it's all about, and our kids played well in the fourth quarter today.

The factory orders report shows that the first two months of the fourth quarter were not especially a great time for manufacturers.

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