Benjamin Reitzes
Benjamin Reitzes
ahead believe cents comment cost cutting estimate likely loss obviously opportunity per percent quarter release remains revenue schedule share third xerox
Xerox had ample opportunity in its release to comment on third-quarter results, but obviously opted not to do so. At present, we believe cost cutting is likely ahead of schedule and our estimate for third quarter 2003 remains a loss of 11 cents per share on a 15 percent revenue decline.
believe clearly continued heavy mix operating pace pressure products profitable shift sun
We believe that Sun clearly should be more profitable than it is. However, the mix shift to lower-end products and the continued pace of heavy investments may continue to pressure operating profits.
confident potential remain
We remain confident in Apple's potential for new products.