the steady selling is fundamental reason to believe the contraction in sales was turning around. Management have promised this so many times that there will be snickers even from the analysts if they do it again... but all of the news events suggest strongly that the OPPOSITE is happening, and that contraction is accelerating. There is strong circumstantial reason to believe that management have "stuffed the channel" so as to exaggerate claimed sales.
I'm sorry, deposit, did you just say that NLS had record sales in Q4 '02? And same thing for the 2002 annuals? They did, of course.
Maybe you're referring to Q1'03, which was down 3% from Q1'02?
Are these things typical examples of what you seem to believe is an "accelerating contraction in sales?"
Instead, aren't you in fact a short-and-distort artist who will do anything to avoid posting actual numbers to back up his argument? You literally fit the encyclopedia definition of a shortr-n-distortr to a T.