Wednesday, July 07, 2004

The Seattle Times: Business & Technology: Excerpts of memo sent to employees

The Seattle Times: Business & Technology: Excerpts of memo sent to employees "Obviously, we all want to increase the value of our stock, and we have the best opportunity to do that since the end of (fiscal 1998). Our stock was around $25 then, as it is now, and we have more than doubled our operating profits since. Shareholders then were betting we would work hard for all these years to make the company worth that mid-'98 stock price. We have done so. I see a number of other public companies or soon-to-be-public companies that will deal, as we have, with flat stock price for a number of years while they build adequate profits for their stock prices. The key now to growing our stock price is growing profits even more. If we grow our profits, our stock price is poised to respond."
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