We have more significant issues than we previously anticipated, ... We're confident about a turnaround, but the timing is clearly later. |
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. |
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. |
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, |
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, |
Xerox can now continue to focus on effectively executing its turnaround strategy, which remains on track, |
Xerox's performance in the first quarter is evidence of significant cash and operational improvements as well as the effectiveness of our turnaround strategy, |