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But the agency has trimmed its operating budget in the past few years and reduced staffing to the lowest level in decades.
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True, it has trimmed its headcount sharply and unbundled its assets.
Since 1993, it has trimmed its workforce by a quarter, to under 18,000.
But it has trimmed its prediction for the following year to 1.7%, down from 1.8% last month.
But Lehman also said that it has trimmed its exposure to those products a bit.
By using Microsoft's operating system, Nokia has trimmed its time-to-market for new handsets by two-thirds, Mr. Elop said.
Not even Britain has trimmed its budget as steeply.
The company has trimmed its work force by 32percentt since August 2000.
But for nearly two decades, Washington has trimmed its regulatory sails.
In response to the deteriorating situation the German government has trimmed its growth forecast for this year.
I.B.M. has trimmed its dependence on hardware sales in recent years.
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