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eSpeed's non-GAAP operating revenue increased 6% and the Company's non-GAAP net operating income per diluted share increased to $0. To reflect earnings generated from the Company's operations, eSpeed also reported non-GAAP net operating income of $3. Specifically it assumes commercial net operating income growth on a same property basis of approximately 4% to 5%; similar margins on residential land sales in 2007 as it has experienced in the latter half of 2006; 2007 lot sales approximately equivalent to the units sold in 2006, which in turn assumes continued strength of the energy-driven economy in the province of Alberta, Canada; and completion of the proposed common equity offering. |
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