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
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Apple is committed to making the investment to gain market share and grow the company,
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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.
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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.
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And yet, despite its military defeat, the loss of its North American possessions, and the destruction of most of its navy, France survived defeat and rapidly recovered.
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Some component supplies will be impacted, but we believe the situation will be resolved well in advance of the end of the next quarter,
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Our cash position remains very strong at over $4 billion, and we are planning a return to sustained profitability beginning this quarter,
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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,
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The consumer needs to show up for the holiday season for the personal computer industry to do well in the December quarter,
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remains very strong, with over $4.3 billion in cash.
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There's no question average selling prices are dropping all over the marketplace,
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Since then, we have filled up this building pretty well.
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The consumer market is pretty soft. We are seeing things similar to what our competitors are.
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It was a football player's dream. Guys play whole pro careers, and don't get a chance to sniff it. I never thought I'd get that lucky to be on a team like that.
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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,