Paul Nisbet
Paul Nisbet
began budget forecasts group held information last leak november overly positive street until wall
I think the group was held back by overly pessimistic Wall Street forecasts until about November of last year. And then the budget information began to leak and it was much more positive than most had been anticipating.
exception lack major perhaps revenue seem weaker
The major disappointment was perhaps the lack of revenue growth. If you look at each of the (defense unit) segments, they all with one exception seem weaker than anticipated.
bucket commercial dry events horrible news offset situation small thrown trying water
Honeywell is trying to offset the horrible situation they have on the commercial side. Any news about this (from Honeywell) is like having a bucket of water thrown on you with the events of Sept. 11 and trying to dry it off with a small handkerchief.
half last orders
We'll probably have orders that may be no more than half of what we had last year.