Eric Benhamou
Eric Benhamou
Eric Benhamou was the former CEO of 3Com and Palm...
balance demand despite enabling enterprise gross impact improved latin margins north performance preserve remained sheet strong unexpected
Balance sheet performance remained strong and improved during the quarter, enabling us to preserve gross margins despite the impact of seasonality and an unexpected slowdown in end-user demand in the North and Latin American enterprise markets.
broadband businesses computers emerging enter fiscal growth profile rapid success systems
As we enter fiscal 2000, rapid growth of emerging new businesses such as handheld computers and broadband access, coupled with success of our systems solutions, are transforming the growth profile of the company.
palm quite
Palm executed quite well in a down market.
difficulty favorable industry move overall period year
The handheld industry has started to move into a more favorable period after a year of significant difficulties and overall shrinkage.
broadband citizens enable entire generation including innovation network services silicon small ubiquitous valley wireless
Silicon Valley is a hotbed of innovation in wireless technologies. Establishing a ubiquitous network will enable the deployment of a new generation of broadband services for our entire community, including small businesses, schools, non-profits, and all the citizens of our region.
ability across aspect balance confidence execute gives income increased progress return sheet statement tangible virtually
Tangible progress across virtually every aspect of our income statement and balance sheet gives us increased confidence in our ability to execute and to return to profitability.
quarter several third weak
Our seasonally weak third quarter was exacerbated by several factors.
access alliance easy information travelers
Our alliance with CAIS will make it easy for travelers to get access to the information they need while on the road.
address broader cash channel company desired fall flow grew gross growth industry innovative inventory margins market moves nearly positive pro products remained within
Over the quarter, our pro forma gross margins grew to nearly 35 percent, we generated positive cash flow from operations, and channel inventory remained within our desired range. And we have positioned the company to address broader market opportunities with innovative new products this fall and when the industry moves to a new growth phase.
advanced alliance base basis data forms integrated multimedia network offering serve user
Our alliance forms the basis to serve a substantially expanded user base by offering advanced network infrastructures for integrated data and multimedia services.
clearly companies cultures far good proving seem
So far we seem to be off to a very good start. Clearly the two companies have different cultures but these cultures are proving to be compatible.
goals growth meet optimistic remain revenue
While we remain optimistic about the long-term growth opportunities in the sector, we are disappointed that we will not meet our revenue and profitability goals this quarter.
affect businesses current encourage flow information mix position quarter reflects revenue specific unusual
We're not in a position to give you specific information on that. I would encourage you not to look at the current quarter revenue because the mix of businesses this quarter reflects an unusual flow in and out ... all of these things affect revenue mix in a way that is completely unusual.
gained improved increase last quarter reflect restored results revenue
This quarter's significant increase in revenue and improved results over last quarter reflect that we have gained traction in the marketplace and restored operational rigor.