John Joyce
John Joyce
pcs pressure price recognized track
At that time, we also recognized that we'd feel price pressure in PCs and hard-disk drives. And our expectations here were right on track as well.
addressing begin customers felt few growth industry knew naive next objectives past talk year
In the past few years we have not been addressing our longer-term growth objectives because the industry was in decline. We felt it would be naive to talk about growth when we knew our customers weren't spending. But in 2003 we said that the industry had stabilized and I would characterize 2004 as a year when the IT industry will begin its next growth cycle.
accounting again behind disclosure hope issue move proud
Let me just say once and again that we are proud of our accounting and disclosure practices. We hope this issue is behind us and we'd like to move on.
business consensus consistent earnings estimate longer per remain share term track
We remain on track for your consensus earnings per share estimate for 2001, which is consistent with our longer term business model.