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Today, the equivalent model, the Explorer 2200, probably sells for under $200.
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Insurance regulation: China is developing a sophisticated regulatory regime very quickly.
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TI is now expected to earn $3.01 during 1999 and $3.91 during 2000.
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Better-than-expected revenue was aided by strong non-U.S. revenue growth of 21% (now representing 43% of total revenues) and strength in enterprise sales (+21%).
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We're encouraged by multiple actions IBM is taking to solve execution issues which it has clearly identified, and historically, investors have been rewarded by buying IBM when sentiment is weak and valuation is compelling (16% discount to S&P).
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Education was weak compared to our estimates but we note that the 1Q is seasonally the most insignificant by far.
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The real estate group provides first and second mortgages and home equity loans through centralized lending operations, in addition to, originating, securitizing, selling, and servicing fixed- and adjustable-rate loans secured by first and second mortgages.
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Wachovia's earnings and/or share price could be negatively impacted by rapid changes in interest rates or a slower-than-expected rebound in the economy, which, among other things, could result in higher loan losses and/or slower loan growth than currently anticipated.
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Management already had targeted a $0.07 drag in Q3 and Q4 combined from currencies.
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US Consumer Hurt the Most Gateway's U.S. consumer business, down 4% YoY, reflected weak consumer demand worldwide and an aggressive pricing environment.
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We are of the opinion that the real risk is that the Marsh brokerage customer walks.
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Since these items are substantially higher margin, the impact on Xerox's business model for the second half and for 1999 is materially positive.
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The expense ratio for Drive business remained relatively flat over the past three years.
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Clinical trial costs should increase only slightly as the funding of new trials will be somewhat offset by the completion of ongoing trials.
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WYE's target profile for the drug includes its use as an effective osteoporosis agent that is safe for the breast and uterus with little in the way of metabolic disturbances.
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However, last year's second quarter did not include R&B Falcon, which was acquired on January 31, 2001.
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The more things change, the more they remain the same.
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The numbers are significant, a 15% capex to sales ratio (in line with peers) would cut projected free cash flow by some $500 m or nearly 30%.
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last night's earnings release, we believe there is still the potential for additional upside throughout the year..
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In our opinion, a recent decline in Scientific-Atlanta's share price has created an appealing entry point for investors.
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Forest Gets Top Specialty Pharma Billing At Conference.
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While mgmt commentary seems uncommitted to investing in '08, we think 2/3 of core revs will be impacted in '08.
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TIF is currently trading at a lower P/E than other luxury brands/retailers which are not apparel based such as COH, LVMH and Gucci.
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Based on a 15-year CAP, our value-based DCF analysis yields a value of $42.
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Challenges with billing and other service related issues at Xerox, as well as all the adverse publicity about that vendor's long term viability, have contributed to the change of heart.
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High-end diamond sales still dominated, but silver sales rose slightly overall for the year.
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Bearish #2: Further deceleration in apparel sales.
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As far as the restructuring goes, we still see upside to the $120 million of Project Acceleration savings as the company accelerates facility closures, outsourcing and employee reductions.
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Product revenue increased 23.3% to $254.5m, above our estimate, due to a greater number of units sold.
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Finally, the company's capital ratios continue to build rapidly.
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The is some possible upside to the classified arena.
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The pre-specified interim results relate to the study period when chemotherapy and Aranesp were administered, and specifically address the tumor response to chemotherapy at the time of surgery.
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Delays or lack of efficacy data of products in clinical development.
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Strong 2Q results are widely anticipated an unlikely to represent a material catalyst, and scrutiny on metrics such as registrations, inventories, finance receivables, loss and delinquency ratios, and margins will continue to be intense.
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Furthermore, DHR has once again reiterated its comfort with 2000 and 2001 consensus EPS estimates of $2.22.
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$100 million is expected from integrating staff in asset management and corporate administration.
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The opportunity in PBMS is to accelerate the move from tactical outsourced copy centers/mail/fax/copy management to strategic sourcing and document/info management.
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Aircraft Integration Systems (AIS) saw sales increase by 2.1% to $297 million, excluding a $20 million contract adjustment on the Boeing Business Jet (BBJ).
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Domino's ran promotions offering a large pizza and a free order of Cinnastix, Cheesybread, or Breadsticks for $9.99.
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Japan is at last recovering after yrs of decline (a positive for margin too) and the US is still solid with easy compares ahead.
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Nearly 20% of this upside potential is from capital redeployment (+$0.07) with the balance from SG&A leverage (+$0.33).
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Key near term catalysts include continued positive news-flow and upcoming 3Q performance in Aircraft Engines, Power Generation, and Commercial Finance.
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KLA reported 4Q00(Dec) EPS of $0.57, ahead of the Street consensus estimate of $0.55, and well ahead of our estimate of $0.51.
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However, we remain concerned that with some displacement in the sales ranks, reps will draw down pipelines in order to ensure they get credit for that business in the March quarter.
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Business line reporting, as described in Tables 2 and 3, will increase to six business lines from four beginning in August with the second quarter 10Q filing.
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In about six months the stock will be trading based on F2000 estimates, which we still expect will return to roughly the normal level of growth seen over the past 35 years.
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However, we found a highly significant correlation between the stock price performance and the unadjusted forward EVA, which is calculated from balance sheet capital plus accumulated amortization, but does not add back the write-offs or unrecognized goodwill.
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EPS guidance of $0.24-$0.26 was in-line with our previewed 3c upside to our $0.22 est, and above cons at $0.23.
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In addition, although Chiron is still reluctant to comment on the extent of operating synergies, we believe they will likely be significant and could drive further EPS gains.
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These premium refrigerators will offer consumers the benefits of built-in water filtration systems.
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We estimate other/corporate revenue of $703 million in the first quarter, up 35% year over year compared with 33.9% growth posted in the fourth quarter of 1998 and 15.8% year-over-year growth posted in the first quarter of 1998.
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regulatory front could improve SBC's cost structure and competitive positioning.
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On a sequential basis, North American revenue fell 12%, Western Hemisphere revenues declined 13%, and Eastern Hemisphere revenues declined 4%.
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Reported cash flow was $603 million, up 32% YoY, with a margin of 32%, compared to our $605 million estimate.
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Quarterto-date, we estimate that sellers listed 60.5 million items on eBay Germany, up 7% Y/Y but down 8% Q/Q.
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Ciena recently announced its intention to acquire ONI Systems.
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Our neutral stance is predicated on our belief that the benefit from these improving fundamentals is already reflected in RBD's current stock price.
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Production decreased 5%--Total equivalent production decreased 5% in the second quarter of 2002 over the prior year quarter.
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While a material portion of this generation is contracted, earnings will continue to be impacted by the effect of wholesale power prices on the non-contracted portion of the generation portfolio, especially in Texas and the Northeast.
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Q4 and FY05 results were presented on a reported and pro forma basis, both adjusted and non-adjusted for non-recurring items.
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Cintas seems likely to continue to lead the consolidation of this business as well, and we think that the physical integration of the Omni acquisition remains on track.
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Provides the tackiness that makes adhesives work and coats fibers to provide strength.
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He is currently responsible for nationwide commercial operations and has been in executive vice president positions with the company since 1981.
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This corresponds to group EBIT margins of 5.6% in 2007, and 6.3% in 2008.
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Other potential launches include Allegra D, OrthoTricyclen Lo and Yasmin - all of which remain distinct possibilities - and which we already include contributions in 2008.
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We have made an upward adjustment to our profit forecast for Ashland's 38% interest in MAP, and now expect pretax operating earnings of roughly $80 million compared to our earlier outlook of $68 million.
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Furthermore, prices should continue to recover through at least 2001..
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This marks the first quarter in a while where most of the metrics more closely tracked our model.
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No indication was given as to the size of the alliance.
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We reiterate our $55 fair value estimate for Lilly shares..
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Summary x Conseco Inc. will report fourth quarter and full year 2004 EPS on Monday, March 14th, 2005, with a conference call scheduled for 10:00AM the same day.
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Setting logical department-todepartment adjacencies, generally keeping fixture heights to five feet or less (so as not to obstruct sight lines) and illuminating stores with bright lighting, Kohl's provides shopping carts and central check-out simply because shoppers say "yes" to them.
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Internationally, we forecast procedure growth in the low to mid-single digits, also associated with steady annual price declines.
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As we mentioned, Nora has 1,450 producing wells, and RRC sees 2,500+ additional gross locations on current spacing (60 acres), with up to 6,000 locations with 30acre downspacing.
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This target is 29x our September 2006 earnings estimate of $1.94.
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Month-to-month, Kodak saw a further 80 basis point loss overall, though recouping 40 basis points in share for the SUC category.
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Same store net patient revenue increased 7.9%, at the upper end of the expected range of 58%.
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We believe amortization of this asset should be added to operating earnings, as it is both a noncash charge and tax deductible.
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In addition, conversations with industry executives have given confirmation to our belief.
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Comcast's management team takes pride in being superb operators and no doubt looks for the opportunity to improve the operational performance of AT&T Broadband as a major driver of value creation for both Comcast shareholders and those AT&T shareholders who remain shareholders of the combined companies.
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VTSS has averaged 67% incremental operating margin since December 1998 (excluding negative incremental operating margin quarters).
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We see investors downside risk as being somewhat protected as Yum!'s earnings are fairly predictable and the stock appears to have discounted the current risks from the bird flu.
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If AT&T did opt for DIRECTV, it could be a major issue for EchoStar as that provider would be left with a major RBOC partner and vulnerable in the former SBC/EchoStar exclusive areas.
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� UNM reported $0.55 for 3Q01, including $0.06 in claims from Sept.
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Following the 3Q00 EPS release, we inched up our 2000 and 2001 estimates to account for the $0.01 upside seen in the quarter..
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The affiliate business accounted for roughly 39% of marketing services revenues in 1Q08.
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Considine has served as Senior Executive Vice President and Chief Financial Officer at Becton since 2000.
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We also believe that Tesco's performance strengthened over the summer from +4.5% in Q1..
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Our forecast assumes sales 1QFY05 (June-end) of $55 million and $300 million for the full year (assuming ends the year with ~34% New RX Alzheimer's market share).
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Keith Dixon--President and CEO of CIGNA Behavioral Health No biographical information was available on CIGNA's website.
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For instance, within our models we are forecasting a revenue growth for 4Q 2002 of 15% at $3.99 billion.
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Classified was in-line with our 4Q expectations at up 4.9%.
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The $100 million deal to provide commercialization services to Scios for its Natrecor launch is a sizable win in the CSO market..
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Recall Summit was a collection of detailed programs designed to foster coordination among Staples' merchandise, marketing, distribution and store operation organizations, in addition to its vendors.
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We also note that this compares to the current peer group average of 1.0 times (or 0.8 excluding NVR).
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Our $66 price target is based largely on our residual income analysis.
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It represents a modest discount to most peers and a premium to few which reflects what we see as the risks in FirstEnergy's fundamentals.
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Canadian natural gas production is expected to increase in the third quarter and again in the fourth quarter when the new wells are put on sales.
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Orders were lower than expectation at $273M with cancellations of $44M..
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Sprint should provide details on its planned $1 billion in cost savings at the December analyst day.
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