|
|
The illustration we placed on the cover of our 2000 Annual Report depicts the hare and the tortoise in another race; this time it takes place in the 21st century, and again the tortoise is winning. A Hare one day ridiculed the short feet and slow pace of the Tortoise, who replied, laughing: "Though you be swift as the wind, I will beat you in a race." The Hare, believing the Tortoise''s assertion to be simply impossible, assented to the proposal; and they agreed that the Fox should choose the course and fix the goal. On the day appointed for the race, the two started together. martini glasses the tortoise never for a moment stopped, but went on with a slow glasses but steady pace straight to the end of the course. the hare, lying down by the wayside, fell fast asleep. at last waking up, and moving as fast as he could, he saw the tortoise had reached the goal... the martini glasses company announced 2002 targets for sales of$525 million and net income of $61 million, and ability to achieve an glasses income from martini glasses operations profit margin of 19%. these figures compare with 1999 results of $461 million in sales, $43.4 million glasses and martini in net income and an income from operations profit margin of 17.2%. in addition, the company is targeting additional sales of $200 million by 2002 associated with new acquisitions. key to the plan are to:better allocate sales and production resources to key markets and customers to improve sales mix, and exiting marginal sales glasses activity;achieve operational martini efficiencies and lower costs through higher capital spending in new technologies, with glasses capital spending expected to exceed inc. to pursue its growth agenda without decides to terminate effort to acquire , cites entrenchment attitude at despite 133% premium.
|