Benjamin Reitzes
Benjamin Reitzes
ahead believe cents comment cost cutting estimate likely loss obviously opportunity per percent quarter release remains revenue schedule share third xerox
Xerox had ample opportunity in its release to comment on third-quarter results, but obviously opted not to do so. At present, we believe cost cutting is likely ahead of schedule and our estimate for third quarter 2003 remains a loss of 11 cents per share on a 15 percent revenue decline.
believe calls cents concerned given hit mexico opened per problem quarter question systems xerox
While we do not like to 'react' to information, given where Xerox has opened - we just do not believe there is much upside, ... ...We are also particularly concerned about an 'unexpected' receivables problem in Mexico that should hit EPS this quarter by up to 6 cents per share. This development calls into question management's systems and controls.
believe cents considered earnings given per positive recent share
We believe second-quarter 2006 earnings per share over 40 cents could be considered a positive given the recent plunge in shares.
confident potential remain
We remain confident in Apple's potential for new products.
believe clearly continued heavy mix operating pace pressure products profitable shift sun
We believe that Sun clearly should be more profitable than it is. However, the mix shift to lower-end products and the continued pace of heavy investments may continue to pressure operating profits.
cent expect fiscal forecast growth mac per unit year
We still expect significant Mac growth long-term with 29 per cent unit growth forecast for fiscal year 2007.
bold cut freeze operating optimistic pensions plan possible seems views
This plan to consolidate manufacturing, cut operating expenditures, and freeze pensions seems like a bold step, in-line with our optimistic views for possible savings.
believe buying demand presented sales shares
In the past, we believe Apple's shares have presented buying opportunities when its sales are constrained, with pent-up demand for new products,