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
basically package
It will basically be the same package as we had before.
certainly demand depend expected goes half hope meet production quarter ramp sales unlikely
It'll take most of the quarter to ramp up production of the iMac, and we're unlikely to be able meet expected demand for the quarter, ... We certainly hope more than half of the iMac sales this quarter will be the new iMacs. How much over half it goes will depend on supply.
believe continue economic environment tough
what we believe will continue to be a tough economic environment.
apple focused goal primary remain returning
We remain focused on our primary goal of returning Apple to sustainable profitability,
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 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,
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,
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.
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,
billion remains
remains very strong, with over $4.3 billion in cash.
acceptable difficulty expect margins people space
We expect to have acceptable margins on the iMac, ... We're not down in that sub-$1,000 space where people are having difficulty making money.
faith stories teaching
It's really a teaching gallery. I think it's important that faith stories be told.