Warren Jenson
Warren Jenson
ahead calendar expansion focused global investment mobile online resources software year
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.
natural
This is unfortunate, but it's a natural part of our transition.
lots period positives
This is a period that's bittersweet. There's a lot of positives that will take place this year, but there will be lots of challenges, too.
ability confidence confident deliver fourth highly operating pro understanding walk
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.
addition billion expect roughly year
In addition we expect to end the year with roughly $1 billion in cash,
fourth less loss net operating past percent pro quarter sales
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,
retail seen softness
We have seen some softness in retail in October,
balance cash choose further raise reason respect sheet strategic strengthen unless
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.