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STRATHAM, N.H. -- The Timberland Company (NYSE: TBL) today reported first quarter net income of $29.2 million and diluted earnings per share (EPS) of $0.45, compared with first quarter 2005 net income of $42.2 million and diluted EPS of $0.61. For the purpose of comparison, Timberland Best Nike Rift Shoes Online estimates that its 2005 diluted EPS would have been approximately $0.58 in the first quarter, including costs related to stock options and its employee stock purchase plan. First quarter 2006 results included pre-tax costs of $0.5 million related to the final closure of the Company's Puerto Rico manufacturing facility and its establishment of a European finance shared service center. These restructuring costs had an immaterial impact on EPS.

--First quarter revenue decreased 1.2% from strong prior-year results to $349.8 million as constant dollar growth in international markets and gains in the U.S. were offset by foreign exchange impacts. On a constant dollar basis, first quarter revenue expanded 2.4%. U.S. revenue grew 1.7%, benefiting from Timberland's recent acquisition of SmartWool and from gains in targeted expansion categories such as the Timberland PRO(R) series, outdoor performance and casual which offset anticipated declines in boot sales. International revenue decreased 3.5%, reflecting significant changes in foreign exchange rates over the past year. On a constant dollar basis, International revenue grew 3.0%, supported by gains in Asia and Canada. Foreign exchange rate changes reduced first quarter 2006 revenue by $12.9 million or 3.6%.

--First quarter results reflected global gains in apparel and accessories revenue, which offset a modest decline in footwear revenue. Apparel and accessories revenue increased 8.0% to $91.4 million supported by growth in Timberland(R) apparel sales globally and the addition of the SmartWool(R) brand to the Company's product portfolio. Global footwear revenues fell 4.5% to $253.9 million as strong gains in men's casual and Timberland PRO series footwear offset declines in boots, outdoor performance and kids'.

--Global wholesale revenue expanded 1.4% to $279.6 million. Worldwide consumer direct revenue declined 10.6% to $70.2 million, reflecting a 10.8% decrease in global comparable store sales due to warm weather conditions in the U.S., later Easter timing and lower excess product sales globally in Timberland(R) outlet stores.

--Operating profit for the quarter was $42.3 million, including the above noted restructuring. Operating profit excluding restructuring costs was $42.7 million, 31.0% below the prior-year level. Comparable operating margins decreased 530 basis points to 12.2%, reflecting lower gross margins and higher levels of operating costs driven by investments in new businesses and international expansion. For the quarter, foreign exchange rate changes reduced operating profit by Fake Maurice Lacroix approximately $2.5 million.

--EPS for the quarter decreased 26.2% from the prior-year level as the decrease in operating profit was partially offset by benefits from lower levels of shares outstanding. During the quarter, the Company bought back 1.0 million shares at a total cost of $34.5 million.

--Timberland ended the quarter with $125.3 million in cash and no debt outstanding. The addition of the Company's new SmartWool and Mion businesses contributed to moderate increases in working capital levels. Timberland's accounts receivable increased 2.4% to $192.1 million, with all of the increase associated with its recent acquisition of SmartWool. Its inventory at quarter end was $174.9 mi
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STRATHAM, N.H. -- The Timberland Company (NYSE: TBL) today reported first-quarter 2008 net income of $18.0 million and diluted earnings per share (EPS) of $0.30. First quarter diluted EPS was $0.31 when adjusted to exclude restructuring and related costs. These results compare to first-quarter 2007 net income of $9.3 million and diluted EPS of $0.15, or $0.22 when adjusted to exclude restructuring and related costs.

First-Quarter Results Summary:

* Revenue grew 1.2% to $340.4 million as foreign exchange rate changes, strong christian dior shoes gains in SmartWool([R] )products and Timberland PRO([R])series footwear and moderate growth in Timberland([R])casual footwear offset declines in boots and kids' footwear and decreases in Timberland([R]) apparel revenue in North America. Foreign exchange rate changes increased first-quarter 2008 revenue by approximately $16 million, or 4.8%, due to the strength of the Euro and the British Pound, and increased operating income by approximately $6 million.

* North America revenue declined 4.7% to $137.7 million, or 5.1% on a constant dollar basis, reflecting soft consumer spending in both the U.S. and Canada. Europe revenue increased 6.9% to $164.8 million driven by gains in foreign currency, but decreased 1.6% on a constant dollar basis. Asia revenue increased 0.7% to $37.9 million driven by gains in foreign currency, but decreased 6.3% on a constant dollar basis. Geographic results reflect the introduction of new reporting segments, a change that the Company believes will better reflect the way it now manages its business.

* Apparel and accessories revenue increased 2.7% to $97.9 million compared to $95.4 million in the first quarter of 2007, driven by double-digit growth of SmartWool([R])socks and apparel. These gains offset declines in Timberland([R] )brand apparel in North America. In February 2007, the Company announced that it would transition this business to a licensing arrangement with Phillips-Van Heusen, beginning with the launch of men's apparel in time for Father's Day 2008. The Company will cease sales of in-house North American casual apparel product in the second quarter of 2008 but will continue selling its own line of apparel in International markets. Global footwear revenue was $236.6 million, up slightly compared to the prior year as gains in casual and the Timberland PRO([R]) series footwear offset declines in boots and kids' footwear.

* Global wholesale revenue decreased 1.5% to $255.5 million. Worldwide consumer direct revenue increased 10.2% to $84.9 million, driven by comparable store sales gains of 5.7%.

* Restructuring and related charges were $0.6 million in the first quarter of 2008, compared to $6.5 million for the first quarter of 2007.

* Operating income for the quarter was $23.2 million, up 70.7% from the prior-year period. Operating income excluding restructuring and related costs replica Breguet Fashion was $23.8 million, 18.1% above the comparable prior year level. Profit increases reflect benefits from foreign currency translation as well as a 5.4% reduction in operating expenses excluding restructuring and related costs.

* For the first quarter 2008, the tax rate was 39.0% compared to 34.5% for the first quarter of 2007. This increase in the effective tax rate resulted from a change in the geographical mix of profits.

* In connection with its continuing stock buyback program, Timberland repurchased approximately 668 thousand shares in the first quarter at a total cost of $9.6 million. It ended
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You've seen the scenes churned out by Hollywood films where after a lot of heartbreak between the protagonists in their quest for love. the best friends come together in the end and realize that they belong together. You can't always control fate and it's plans for your love life when you find yourself falling in love with your friend and it's a worse pang when he informs you that your feelings are not reciprocated therefore jeopardizing your friendship. Either way Wallets Handbags. how do you go about dealing with this transition? Like many things. there is no easy way.

1} To tell him or not

That is the question Christian Dior Handbags . isn't it? Know right off the bat that you are treading on very thin ice. whichever way you decide to go. But it is advisable to try and get it over with. Maybe you've been feeling vulnerable because he's been there for you during a rough patch in your life and you perceive this to be an expression of romantic love when he is just being a very good friend. If this is the case then try to stay away from him for a while to allow the cloudiness to clear. Try also not to spend a lot of alone time with him as this will only allow your misplaced feelings to breed. But after you do all this and you still feel the same then save yourself a lot of sleepless nights and just let it out. Then hold your breathe.

2} When you do tell him

Seeing that you're his friend. you must know him pretty well… right? If you are falling in love with a friend then you need to know that he won't exactly appreciate you blurting it out just when he least expects it. unless you are the nervous type and can't seem to hold it together another minute. Set the scene. preferably somewhere private. Let him know beforehand that there's something important that you need to tell him as a mental heads-up. This way nothing out of proportion will occur when you finally lay your heart out.

3} The repercussions

You've taken a big risk so congratulations. Now wait for the aftermath of your talk… If he does not share your feelings Waist Handbags . you have to assume caution and a lot of maturity. It's not his fault that he doesn't feel the same way. He just doesn't. So if you value your friendship so as to press on with it. good for you. But you need to be honest with yourself if you find it hard to stand aside and watch him date other women while you bottle up your own feeling. Sooner or later. you are bound to explode as a side effect of falling in love with a friend. Take some time apart and use it to help you both get over the bump and remember why you became friends in the first place. If this doesn't work and it's clear that things will never be the same again between you two. then it would be better to end the friendship.

On the other hand. before telling him Hermes Handbags. you can predict his reaction to your confession by studying him as a friend in terms of his demeanor towards you. As women. we have an instinct about men so in your observations. you may realize that your friend may have just been harboring the same feelings for you but fearing your reaction. he chose to keep them to himself. If this is the case then you are on the verge of a very promising beginning. If you caught him by surprise with your confession and he doesn't balk but instead agrees that your relationship is ready for the next level Cross Handbags . you are also good to go.

4} Talk it out

It's said that you must never begin a relationship without laying out some ground rules and that includes friendships. Now that your relationship with your friend has transcended into new territory Fendi Handbags. this rule still applies. Be open about your expectations of each other to smoothen the transition. If along the way you both find that the relationship is veering off course then you need to stop and talk about whether you want to work at it or whether you want to resume your status of just being friends. It's good to be in love. It's even better when you're in love with your best friend and he loves you back.

Byline: Interview MAUREEN PATON

The mere thought of a Full Monty star in his cab sends Chicago-Cubs our driver, Terry from Stratford East, into a tizzy. 'I hope he's got his kit on this time,' he says. 'I don't want to get arrested.' But when we pick up Mark Addy from the London mansion flat he bought with his fee for playing another lightly clad chap (Fred Flintstone), the temperature in Bloomsbury is on Terry's side. 'It's too cold to strip off,' Mark says, adding with a grin, 'and I don't think people deserve another nude scene from me.'

In his lumberjack shirt and the Timberland boots that he bought in a sale, it's easy to see that success has not spoiled him. 'I'm incapable of buying anything at full price,' admits Mark, who is hilariously cynical about Hollywood excess ('they're terrible drivers - they think their Cadillacs are dodgems'). At 17-and-a-half stone, he's an even bigger star than he was in his debut film role as 16-stone Dave in The Full Monty, the 1997 award-winning movie about unemployed Sheffield steelworkers turned strippers. And art mirrored life, as Mark had even been reduced to dressing up as a monk to sell mead in Selfridges during one of many spells out of work as a struggling actor. 'Every job I've had since is a result of that film,' acknowledges Mark, now 45, who (along with Tom Wilkinson, one of his Full Monty co-stars) is one of the few British actors to have carved out a consistent Hollywood career with his lovable everyman persona in such films as the 1998 Jack Frost, in which he played Michael Keaton's best buddy. He acquired a convincing American accent thanks to his old voice coach from Rada (where he says another teacher once snobbishly typecast him as 'a semi-idiotic painter and decorator').

The son of a stained-glass craftsman from York, Mark ankh royalty caught the acting bug in school plays and while working backstage as a teenager at the city's Theatre Royal. 'Imelda Staunton was appearing there and encouraged me to apply to her old drama school, so she's to blame,' he says. He is still based in a village outside York with his wife Kelly and children Ruby, eight, Charlie, five, and Oscar, four. He met Kelly, now 37, when she was working in the box office of playwright John Godber's Hull Truck Theatre Company, and they married in 1996. That same year, after getting turned down for a West End transfer of a Godber comedy because of his 'lack of profile', Mark decided to 'knock theatre on the head' and try his luck with film.

Yet even after The Full Monty became a worldwide hit, Mark still couldn't believe that Steven Spielberg wanted him to play Fred Flintstone in the 2000 comedy The Flintstones in Viva Rock Vegas with Joan Collins as his mother-in-law (he thought they'd sent the script to the wrong person) and turned them down three times. 'Joan was what you would expect, as sharp and catty as Chanel Shoes you like. But that's great, part of the fun.'

After roles in such films as 2001's A Knight's Tale with Heath Ledger, American TV stardom followed from 2002 to 2006 in the CBS sitcom Still Standing, with Mark cast as a burly working man with a slim, pretty wife. 'It was targeted at the 18- to 39-year-old male viewer with an aspirational message that even overweight guys can get the girl. That's a popular theme, so no one in Hollywood made me lose weight,' says Mark, amused to find that he's even become a pin-up boy for a gay US website for so-called chubby-chasers. 'But it's different for girls there,' he adds. 'They will lose jobs if they are not a size zero, which is insane.'

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Byline: Interview MAUREEN PATON

Toronto-Raptors

Taio Cruz has just saved my life by stopping the lift doors from crushing me on the way out from Island Records' West London offices to our waiting taxi. And he goes on to save my bacon as well, by taping this interview on his iPhone when my voice recorder goes belly-up. What a hero... But then the techno-savvy Taio is the new Mark Ronson - working his hotshot producer/songwriter magic on everyone from Justin Timberlake and Kylie to Leona Lewis and Cheryl Cole (he wrote and produced the song 'Stand Up' on her solo album). And with a soaring countertenor voice reminiscent of the great Jimmy Somerville, it was inevitable that Taio would also turn performer himself. In March, his insanely catchy dance track 'Break Your Heart' became the fastest-selling single in US chart history, beating Madonna on its way to number one (it also reached the top spot here). 'It was great to crack America - I always try to think on a grand scale with big musical production values, and they do in the States, too,' says the very together Taio, who's just turned 27.

He's as emotionally open as his lyrics, telling me all about his girlfriend, model Roxane (Roxy) Horner ('she's awesome but she's a baby, only 20, so I have to look after her'), and talking about his fantasy of 'heartfelt' love on his second album, Rokstarr. Yet two of the tracks, 'Break Your Heart' and the controversial new single 'Dirty Picture', have earned him a bad-boy reputation that seems at odds with the gentle-mannered guy who asks our cabbie, John from Hanwell, to drive through the prettiest part of Hyde Park on our way to pick up some of Taio's trademark shades from his assistant's home in Hammersmith.

In fact, the truth seems to lie somewhere in between. 'I'm not a heartbreaker, I'm a one-woman guy and a homebody. But people are three-dimensional, so every now and then you are bad and every now and then you are good. And very infrequently, I'm that bad guy,' he admits. And when I ask if the ladies have been forming an orderly queue since he came out of the studio to take centre-stage, he giggles and ceramic hairstyling iron says, 'Sometimes a disorderly one.'

Certainly the sight of Taio surrounded by bikinied beauties on the 'Break Your Heart' video has added to the playboy image, along with the Aston Martin he used to drive (he's into Audis now). 'I was just living the James Bond dream,' he admits. 'But I was worried my female fans wouldn't like "Break Your Heart" - because generally I find with song lyrics that arrogance only works if you're female. But I wrote it as a positive, uplifting dance number and the lyrics can be adopted by both sexes - so the girls seem to love it.'

As for 'Dirty Picture' (a cheeky duet with Lady Gaga soundalike Ke$ha), he says teasingly: 'That's what camera phones were invented for.'

After being discovered at 18 by the hip-hop label Def Jam when a friend of a friend sent them his demo tape, he got his first publishing deal by writing the hit song 'Your Game' for Will Young. And instead of doing a Dizzee Rascal and trying to compete with the US rap scene, Taio took the strategic decision to write universal songs about love. 'I'm not a ghetto guy,' points out the privately educated Taio, who listens to everything from classical to bhangra. Born in North London's Kensal Rise and now based in Chelsea, Taio - real name Adetayo Ayowale Onile-Ere - has a Nigerian importer-exporter father and a Brazilian mother who used to run her own hairdressing business. And he's inherited all their entrepreneurial talent, designing his own album sleeves and now a cool ne
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