Gary Williams Second Quotations
Gary Williams Quotes about:
Second Quotes from:
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Deal Quotes
We've seen it about 10 times. You have to be ready to play. Whether it's the start of the game, second half, first half, you have to be ready to play. I can't go out there and play. You have to be ready to play as a player. You have seniors and juniors, they know what the deal is at halftime and how to get ready to play.
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Added Quotes
As a result of increased sales, product mix and expense reductions, second quarter gross margins as a percentage of revenue improved to 39 percent from 35 percent in the second quarter of 2004 and from 32 percent in the first quarter of 2005. We expect gross margin as a percentage of revenue to approximate 40 percent in the second half of 2005. We improved on our second quarter guidance of a loss of $0.08 to $0.09 per share, due mainly to the deferral of previously planned UWB investments until later this year. In addition, we reached our near-term fund raising goal and added further liquidity by obtaining approximately $4.2 million in new equity and debt financing commitments on June 20. With continued focus on managing our balance sheet, including increasing inventory turns and reducing DSOs, we intend to reduce the company's financing requirements for the fourth quarter.
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