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To: James A. Shankland who wrote (20682)11/3/1997 2:23:00 PM
From: Andreas Samson  Respond to of 61433
 
Great points, James. I'm thinking perhaps there has been a misquotation of some sort by Reuters, possibly in the editing of Karoush's copy.

The text actually reads: 'quarter or quarter'...what the hell does that mean?

Schnieder: 'We feel good about our long-term prospects, but we're going to see several quarters where growth will be 10 percent quarter or quarter, a little more or little less'

Given that earnings dropped sequentially Q2-Q3, and we are now looking at 20-30% pricing pressures, and decreased demand, 10% sequential earnings growth could not have been the intended statement