In this environment, we will continue to react quickly to changesinmarket conditions and apply our value based management discipline across the portfolio to drive continued progress toward our long-term goals.
During a time when PC manufacturers were driving down costs and cutting back services, Best Buy took a long view of the changesin the market and enhanced the value of customer service.
Mr Riseley said postal operators were experiencing significant changesin the market including a drop in bulk mail due to the loss of Low Value Consignment Relief (LVCR).
More importantly, there have been more pessimistic assessments of the forthcoming changesin the jobs market, forecasts of a rise in unemployment, and a fear that the real value of earnings could fall as price increases exceed adjustments in earnings.
But when macroeconomic changes force up markets generally, it does not mean that the value of each individual company in that market has changed similarly.