In figure 1, the brown, green, purple and orange lines represent 2005, 2006, 2007 and 2008 revenue respectively.
- 2006 began the year even with 2005, then showed steady growth until December that once again ran even with 2005. December was a disappointing month and brought down the year-to-date average growth to 8.5% versus the 9% growth we were expecting.
- January 2007 started the year with strong growth but February showed negative growth, March moved positive and April showed strengthening growth, May and June both showed negative growth, July and August showed strong positive growth before Septembers disappointing 1.0% growth, Octobers rebound to 6.6% and then Novembers -0.7% and finally the year closed out in December with 1.7% growth.
- For 2008 the first quarter showed weak growth, the second quarter had good growth, the third quarter weakened again and then the fourth quarter turned sharply negative and brought the overall year to negative growth.
- 2009 began with the first quarter down approximately 30% from 2008 and the second quarter down approximately 21% . Q3 has now come in at -10.2% and as we expected growth has gone positive in Q4. Our orginal forecast was -16% for the full year but with Q3 and the beginning of Q4 coming in stronger than we expecetd we now expect the year to end at -10% overall.
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