James Schneider
James Schneider
adds billion cash competitor continue declining expenses generating growth industry investment major multiple next operating percentage pull rate several
Our growth rate is still a multiple of any major competitor in our space, and we should continue to pull away from the industry over the next several years. Our operating expenses are declining as a percentage of sales, and we are generating cash at a rate of $4 billion annually, which adds to our investment income.
decline despite flat gross maintained
Despite this decline in prices, we maintained flat gross margins.
based manage
We should be able to manage our requirements adequately, based on everything we know at this point.