Quotes about bookings (16 Quotes)



    Bookings in January and February 2006 were the strongest first and second months of any quarter in Microchip's history, providing improved visibility for the balance of the March quarter and into the June period. We are experiencing broad-based strength by end markets, geographies, sales channels and product lines.

    We believe that we will continue to experience incoming order rates in excess of quarterly revenues for several quarters, although quarterly bookings will remain volatile. Critical to our success will be the ability to meet the needs of our major customers, alleviate the supply chain constraints restricting revenue growth, and drive increasing operating margins at higher business volumes.


    It's actually fairly critical that we have a definitive time frame, because as we move into the Christmas season, a number of hotels have reservations and bookings. It may become more challenging for us to find accommodations,


    Business conditions continue to be robust. The company expressed high confidence in its third-quarter guidance of greater than 3 billion in bookings, 2.6 to 2.7 million in revenue and EPS of 64 to 68 cents. We believe guidance is conservative and estimate bookings of 3.3 billion with EPS of 70 cents, versus the Street consensus of 68 cents a share.

    People I have talked to kind of think Miami is shut down, with a curfew. People are canceling bookings. We have to get South Beach open. We have to take ads out to say Miami is open for business.

    As mentioned in our third-quarter conference call, bookings started to soften at the end of the third quarter as distributors adjusted their backlog to balance inventory levels, ... Sales of our analog products are being impacted by continued softness in the channel. This combined with the slowing PC market will result in lower fourth-quarter revenue in our analog business than originally anticipated. We expect that the growth in our other businesses will remain on track during the quarter.

    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.

    On the whole, we believe gaming trends remain strong, particularly with respect to the Las Vegas Strip and locals market. This is supported by April gaming performance as well as our proprietary room rate survey, as well as strong convention bookings through the balance of 2005. Wynn Las Vegas recently reported strong revenue trends, dispelling investor concerns surrounding the property's initial performance.


    Our bookings are way ahead of where they would normally be in the first quarter (of the year), ... It's been a pleasant surprise, but we still have billboards available.

    It's a great time to book vacation travel for the winter, ... After the first of the year, airplanes are empty, resorts are empty, and they are very excited to get early bookings.


    CRP has a good earning capacity, and it is our ambition to improve it further. Its order backlog for 2006 is at a good level and we believe the market will be strong over the next few years. However, it is important to remember that this business are almost entirely project-related, which entails great variation in order bookings and consequently also in invoicing between different quarters.

    The fourth quarter capped a year of significant improvement for Teradyne. Throughout 2005, we had solid sequential growth in sales and bookings, strong fourth quarter profit performance in both our semiconductor test and non-semiconductor test businesses, and a much-improved balance sheet.



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