Paul Allaire
Paul Allaire
Paul Arthur Allaireis a businessman who served as CEO and Chairman of Xerox Corporation, and as a director on several other public companies...
advantage associated change continue expect focus looking market opportunity options
We are looking at everything and are looking at options we have associated with that investment, ... We will continue to focus on things like color. We think that's a real advantage and a market opportunity for us... but you should not expect to see a change on color.
continue executing focus remains turnaround xerox
Xerox can now continue to focus on effectively executing its turnaround strategy, which remains on track,
actions aggressive asset beyond cost improve including issues major obviously results review
These results are obviously disappointing and completely unacceptable. Clearly, actions beyond resolving our operational issues are required, including major cost reductions, asset dispositions and a review of the dividend level. Aggressive actions to improve profitability in 2001 are being pursued.
achieve competing cost earnings economy environment expect growth improving offering product recovery revenue strong
We expect an earnings recovery in 2001 ... by strengthening our operations, improving our strong product offering and through significant cost reductions. We expect to achieve this, even if the economy and competing environment preclude any revenue growth in the year.
clearly confident issues timing
We have more significant issues than we previously anticipated, ... We're confident about a turnaround, but the timing is clearly later.
amount decisions difficult emerge number obviously people regret stronger
We have not put a number on it, but there are obviously a significant amount of people involved, ... We regret that. But these are difficult times and we have to make difficult decisions but we will emerge stronger for it.
active companies compelling considered consistent core decision difficult economy effective engaged equity execute focusing growth impact investment markets necessary office pc potential production resolve turnaround xerox
This was a difficult but necessary decision that is consistent with our resolve to execute an effective turnaround by focusing on core office and production growth opportunities, ... While Xerox was engaged in active discussions with potential equity partners, the slowdown in the economy and its impact on the PC and SOHO markets prevented these companies from making what was once considered a compelling investment in Xerox's SOHO business.
cash enable strengthen strong
This repositioning will strengthen us financially and enable strong cash generation.
although assets aware change clear company cost degree fixing focus investment order profile remain shed structure
We were aware that we really had to change the cost structure of the company and change the investment profile and the focus to some degree and shed some assets in order to remain competitive, ... It is clear that just fixing our operational issues, although critical, is not sufficient.
asset billion enhances generate greatly pledge progress turnaround xerox
With this transaction, Xerox greatly enhances its liquidity and has made significant progress on its turnaround pledge to generate more than $2 billion in asset sales,
across asset balance board improve looking strength talking
We're looking across the board at asset dispositions. We are talking about very significant asset dispositions to (try) to improve the strength of the balance sheet,
broad digital including introduced last models technology three transition
We are accelerating the transition to digital technology with our broad digital copier line, including three new models introduced in just the last two months.
affected clearly consistent delivered earnings growth percent record reflecting revenue strong though weaker
We delivered another record quarter, reflecting strong double-digit earnings growth consistent with our objectives, even though pre-currency revenue growth - at 7 percent - was clearly affected by some weaker economies,
cash evidence performance quarter turnaround
Xerox's performance in the first quarter is evidence of significant cash and operational improvements as well as the effectiveness of our turnaround strategy,