Thursday, January 25, 2007

NCR Invents Time Travel

NCR earnings up 16 percent after restructuring
The global restructuring of its manufacturing resources and market adoption of enhanced payment systems in ATM technology are among the reasons that NCR Corp. today announced a 5 percent increase in 2005 fourth quarter earnings and expects to generate 2 percent to 3 percent year-over-year growth in 2007.

Amazing how that "global restructuring of its manufacturing resources", which NCR only just announced on Jan. 11, and which hasn't actually, physically happened yet, managed to increase revenues in the 4th quarter of last year.

I should perhaps mention here that there doesn't seem to be anything in NCR's actual earnings statement or press release that attributes this past increase to the upcoming restructuring; that appears to be entirely the fantasy of the Dayton Daily News staff writer who wrote the news story.

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