91.   Lehman attributed the rise in gross margins for its computers to cost reductions associated with lower inventory levels, reduced overhead costs and lower component costs.

92.   London-based Sainsbury issued a profit warning in January and said its gross margin would decline in the full year.

93.   Mitsubishi said in spite of worsening sales trends, Penney continues to say that gross margin will be down less than initially expected.

94.   On a quarter-to-quarter basis, gross margins have risen in each of the past six quarters.

95.   Other analysts cited slightly lower gross margins, but they still amounted to more than a third of revenues.

96.   Penney blamed the lower profit on a narrowing in the gross margin, which declined as its stores and catalog business lowered prices to clear out summer merchandise.

97.   Predict your own earnings for the company by looking at factors such as past growth record, future cost targets and expected gross margins, he said.

98.   Product gross margins widened because of cost cutting, stable product pricing, and a shift toward higher-margin products, the company said.

99.   Rayner estimates the company as a whole has a gross margin, or gross profit as a percentage of sales, of about six percent.

100.   Profits and gross margins also suffered because of price competition at home, the company said.