22 ordspråk av Paul Allaire

Paul Allaire

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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,

We are looking at everything and are looking at options we have associated with that investment, ... We will continue to focus on things like color. We think that's a real advantage and a market opportunity for us... but you should not expect to see a change on color.

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.

Clearly, the fact that our current expectation on the second quarter is less than we anticipated ... our recovery is pushed back in time. We do expect the turnaround to be there and be significant and therefore have an improvement in the second half and have good momentum going into 2001.

We have more significant issues than we previously anticipated, ... We're confident about a turnaround, but the timing is clearly later.

These results are obviously disappointing and completely unacceptable. Clearly, actions beyond resolving our operational issues are required, including major cost reductions, asset dispositions and a review of the dividend level. Aggressive actions to improve profitability in 2001 are being pursued.

We delivered another record quarter, reflecting strong double-digit earnings growth consistent with our objectives, even though pre-currency revenue growth - at 7 percent - was clearly affected by some weaker economies,

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