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
billion remains
remains very strong, with over $4.3 billion in cash.
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.
balance billion channel delivering earnings economic increase lean per remains september share sheet slight solid targeting weak
We're delivering solid profitability while maintaining lean channel inventories in a weak economic environment, ... Our balance sheet remains very strong, with over $4.2 billion in cash, and we are targeting a slight sequential increase in revenues and earnings per share in the September quarter.
billion december expect fiscal light lower results revenue
In light of the lower results anticipated for the December quarter, we now expect revenue for fiscal 2001 to be in the $6 billion to $6.5 billion range,
billion channel december ending estimates light quarter revenue sales slight targeting
In light of September's disappointing sales and higher-than-planned ending channel inventories, we are resetting our revenue estimates for the December quarter to about $1.6 billion and are targeting a slight profit,
apple billion cash combined demand efficiency finished products quarter resulted strong
Strong demand for our professional products combined with superb operational efficiency resulted in very strong earnings. Apple finished the quarter with $3.6 billion in cash and short-term investments.
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,
momentum optimistic strong
very optimistic for the strong momentum we have.
beautiful high watch west
Beautiful places, they were. They had porches in front, high ceilings in the apartments. You could watch the West Albany fireworks. But that was long before your time.
ahead channel delivering goal good inventory reaching solid weeks
We feel very good about delivering solid profitability while reaching our goal of 4 weeks of channel inventory ahead of schedule.
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,
believe continue economic environment tough
what we believe will continue to be a tough economic environment.