He also noted the shortfalls in the workhorse parts of the military, especially aircraft and aerial refueling tankers.
And it noted the shortfall in the funding of two Express pension funds, both of which were closed in 2008 to new entrants.
Following Q3 results, a number of analysts noted the shortfall relative to expectations was largely a result of the Fire phone write-down while acknowledging the company's investment phase is lasting longer than anticipated.
Since our hypothetical buyer has only $500,000 to put down, she'd probably have to pay $750,000, with a seller's note covering the shortfall.
Commerce Secretary Malcolm Baldrige, taking note of the shortfall, said that despite the dollar's recent declines, the currency was still too strong for American industry to be able to effectively compete in world markets.
The White House tried to whitewash the release of that latest estimate last week by noting that the shortfall was lower than its initial (conveniently large) projection, instead of lamenting that it was higher than last year's deficit.
Importantly, the report notes the large shortfall in financing for developing countries' agricultural plans; the new alliance and its private sector $3bn pledge will not fill this gap.
Mr. Weitzman noted that the corporation said the shortfalls would be made up through collective bargaining and restructuring efficiencies, but that it provided no details.
Calling Mr. Breen's forecast "a clear disappointment," Michael Regan, an analyst at Credit Suisse First Boston, wrote in a note to analysts that "the shortfall increases our estimate of the company's funding gap at the end of 2003".
The shortfalls are everywhere.
