Managed costs in weaker state new adoption market in 2006
Reduced segment’s costs and expenses nearly 3.0%
Softer market conditions and challenging comparisons most pronounced in fourth quarter
- School Education Group’s revenue fell 30.2% in fourth quarter and 12.4% for year
- Late orders from Texas in 2005 helped boost 4Q 2005 revenue by 23.6%
- No major order from Texas in 2006 and more weakness in testing business