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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (120549)	5/4/2008 1:36:26 PM
From: Jim McMannis	Read Replies (2) \| Respond to of 306849

Yahoo labeled the WCI of the Dot.coms. Unlocking shareholder value. Stock sinks as Microsoft just walks away... -------------------- Microsoft abandons Yahoo bid, rebuffing higher sale price news.yahoo.com SAN FRANCISCO - Microsoft Corp. withdrew its $42.3 billion bid to buy Yahoo Inc. on Saturday, scrapping an attempt to snap up the tarnished Internet icon in hopes of toppling online search and advertising leader Google Inc

To: patron_anejo_por_favor who wrote (120549)	5/4/2008 6:08:10 PM
From: Perspective	Respond to of 306849

Perusing the outcome of all the Q1 EPS report, I'm starting to wonder if we are really in a recession at all. How can stuff like this be happening if we're in recession? RSC rents LOTS of stuff to construction, and they aren't even feeling the pinch as of Q1. I'm starting to think we're much earlier in this downturn than anybody imagines - bulls or bears. We got a long way to go if the construction rental folks haven't started feeling the pain yet. Man this stuff takes a looooooooooooooooooooooooooooooooooooooooooooooooong time to unfold fully... biz.yahoo.com RSC Reports First Quarter 2008 Results Thursday April 24, 4:02 pm ET -- Rental revenues up 7.0% -- Adjusted EBITDA $182.7 million or 43.3% of total revenues -- Diluted EPS of $0.22 -- Increasing Free Cash Flow Outlook for Year SCOTTSDALE, Ariz.--(BUSINESS WIRE)--RSC Holdings Inc. (NYSE:RRR - News), one of the largest equipment rental providers in North America, today announced first quarter 2008 rental revenues of $372.3 million, up 7.0% from $348.0 million in last year's first quarter and representing 88% of total revenues. ADVERTISEMENT Same store rental revenue growth was 4.6% for the quarter and rental rates were 0.4% lower on a year-over-year basis. Sales of used equipment were $31.4 million, down from $37.8 million in the 2007 first quarter, as the company deliberately slowed this sales activity to reduce capital expenditures in the current market environment and take advantage of its young fleet, which averaged 28 months at the end of the quarter. Utilization of fleet was 68.6% in the quarter compared to 70.3% in the year ago period as the company held its fleet for the seasonal upturn. Sales of merchandise were $18.4 million compared to $20.6 million in the prior year. Total revenues were $422.1 million, up 3.9% from the $406.3 million reported for the comparable year-ago period. “We are pleased with our solid rental revenue growth in what is the toughest quarter of the year,” said Erik Olsson, President and Chief Executive Officer. “The non-residential market continued to grow in the first quarter and we continue to increase our share of this market. We are particularly strong in the industrial segment, which is the fastest growing part of our business and now constitutes more than 35% of our revenues. Our strong performance is a direct result of our commitment to providing customers reliable access to one of the youngest and most diverse fleets in the industry, superior customer service and our extensive national footprint.” `BC