Christopher Galvin
Christopher Galvin
Christopher B. Galvinis an American businessman. He served as the Chairman and Chief Executive Officer of Motorola from 1997 to 2003...
achieved actions adjust conditions costs designed global improved last market restore trend
These actions have been designed to adjust our costs to softening global market conditions and, as the market recovers, to restore the trend of improved profitability that we had achieved over the last two years.
achieve broadband delivering eighth improved promises quarter strategic
This is our eighth consecutive quarter of delivering on our promises to achieve a significant turnaround, improved profitability and a strategic refocusing of Motorola around wireless, broadband and the Internet.
digital embedded gain intend key market planned products share third
Through these propositions, we intend to gain market share in key businesses, such as digital cellular telephones, where significant new products are planned for introduction before the end of the third quarter, and embedded semiconductors.
businesses certain early growth including individual periods phase rates sales
There have been periods in Motorola's history, including the early 1990s, when the sales growth rates and profitability of certain of our individual businesses were out of phase with each other.
benefit continued economies execution expected focus given global improving intend next profitable strength year
Given the expected strength of global economies over the next year or so, we intend that Motorola shareholders will benefit from our continued focus on crisp execution and improving profitable growth.
actions additional begun cost factors impact last portfolio reduce
We have been assessing the impact these factors have had on us, as well as on other companies, particularly in the last 30 days. We have begun to take additional actions to streamline our portfolio and reduce the cost of our operations.
direction discussed far issues
It's far from over, but I think they're working in the right direction. The fundamental issues haven't really been discussed or resolved.
believe bringing broadband continue create despite equity erosion internet leader markets recent target values work
Despite the recent erosion of equity values in high-tech or 'new economy' companies, we continue to believe that we will create shareholder value by being the leader in bringing wireless, broadband and the Internet to our target markets of the person, the work team, the home, and the car.
although believe beyond business climate consensus earnings estimates full increase investment premature present sales slightly year
We may do slightly better in sales and in profitability than present consensus expectations of the investment community. The longer-term business climate is improving, although we believe it is premature to increase consensus sales and earnings estimates for the full year of 1999 beyond their present levels.
appears continue effort improvement momentum profit second
At this stage, it appears that the momentum from our accelerated profit improvement effort will continue in the second quarter.
thinking views order
I took a long view in order to not destroy the core Galvin-defined principles imbued in Motorola, such as constant respect for people, its instincts for breakthrough innovation, and continuous renewal in thinking and process rigor.
wall people way
The way that Wall Street works is most people like very steady quarterly earnings, and they like to be very popular instead of unpopular and they don't like to be the nail that sticks up, as they say.
people innovation investment
What most people don't understand about failure in innovation is that it's an investment. It's actually an investment in experience.
thinking people trying
Once people have tried to do something they think is uniquely innovative and it doesn't work, they're actually now more valuable because they know what not to try the next time, or what to try differently.