Fred Anderson
Fred Anderson
One of the founders of the Association for the Advancement of Creative Musicians who was an avant garde recording artist. He ran a practice space called the Birdhouse for a few years in the late 1970s.
ProfessionSaxophonist
Date of Birth22 March 1929
CityMonroe, LA
apple committed gain grow investment market share
Apple is committed to making the investment to gain market share and grow the company,
apple begin business cleaning cost growing structures sure ultimately
Apple has been cleaning up the way it does business and that's good, but ultimately we need to begin growing this business. We need to make sure we have competitive cost structures so we can grow.
advance believe component next resolved situation supplies
Some component supplies will be impacted, but we believe the situation will be resolved well in advance of the end of the next quarter,
building filled since
Since then, we have filled up this building pretty well.
believe confident future good investment program
We're confident about Apple's future and believe this repurchase program is a good long-term investment for shareholders,
billion fiscal range revenue target year
We are also resetting our revenue target for fiscal year 2001 to the $7.5 to $8 billion range and our target for EPS to the $1.10 to $1.25 range.
apple focused goal primary remain returning
We remain focused on our primary goal of returning Apple to sustainable profitability,
complete prefer until wait
I prefer to wait until we complete the quarter.
behind december order poised product quarter september strong
With our product transitions during the September quarter behind us, and an order backlog of over $700 million, we're poised for a very strong December quarter,
apple couple created creative hardware operating originally people small split thousand
We still have a couple thousand people split between hardware and software. When you look back at the people that originally created the operating system, it was a small team. We've done creative things at Apple typically in small teams.
announce currently final fiscal growth lower next plans provide quarter results targets year
We are currently re-evaluating our plans going forward, and will provide lower growth targets for next quarter and the next fiscal year when we announce our final results on Oct. 18,
believe continue economic environment tough
what we believe will continue to be a tough economic environment.
beginning cash planning position remains return strong sustained
Our cash position remains very strong at over $4 billion, and we are planning a return to sustained profitability beginning this quarter,
continue expense fiscal further goal gross margin point reduce
Our goal for fiscal 1998 is to continue to reduce Apple's break-even point through a combination of further expense reductions and gross margin improvements,