Warren Jenson
Warren Jenson
believe continue microsoft production step throughout
We believe Microsoft will continue to step up production throughout the year.
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.
decrease expect growth loss operating outlook overall percentage remains sales strong
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.
basis expect full music operating profitable segment year
We expect our U.S. Books, Music and DVD/Video segment to be profitable on a pro forma operating basis for the full year 2000,
against appears curve demand double earnings estimated given industry last lightly market numbers overall shifted time year
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.
customers delivered holiday sure
We went all-out to make sure we delivered for customers this holiday season.
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,
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.
absolute basis continue fourth improved operating profitable progress quarter reaching sixth toward
We continue to make progress toward reaching pro forma operating profitability in the fourth quarter of 2001, ... This quarter, the U.S. was profitable on a pro forma operating basis for the first time, and this is our sixth sequential quarter of improved absolute pro forma operating results.
execution fourth pro profit reaching ready require
We are ready for the fourth quarter. Reaching pro forma profit does not require heroics, just execution,
december held overall quarter sales
December was a quarter where we held our own ... but overall sales were disappointing.
america both category consoles north percent share sports titles top xbox
In sports we had 70 percent category share on consoles in North America. We had 15 of the top 20 sports titles on the PS2 and 14 on both the Xbox and PC.
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.