Over the past year, our U.S. pro forma operating loss decreased from 24 percent of net sales in the fourth quarter of 1999 to less than 2 percent in the fourth quarter of 2000,
More Quotes from Warren Jenson:
We expect strong year-over-year sales growth in the first quarter, and our outlook for growth in 2000 remains strong. We expect that in 2000, our overall operating loss will decrease significantly as a percentage of sales.Warren Jenson
At the time of our last earnings call, we estimated industry numbers to be lightly up against last year given the introduction of two new platforms. It now appears that the overall market will be down in the double digits. The demand curve has shifted abruptly.
Warren Jenson
I think you will walk away understanding our confidence in the fourth quarter, ... We are highly confident in our ability to deliver pro forma operating profitability in our fourth quarter.
Warren Jenson
With respect to cash, I'd like to make one point. Unless we choose to raise cash to further strengthen our balance sheet or for strategic flexibility, we have no reason to do so.
Warren Jenson
Calendar 2006 will be a year of investment ahead of revenues. Our resources will be focused on next-generation software and the global expansion of our online and mobile businesses.
Warren Jenson
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