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
believe continue economic environment tough
what we believe will continue to be a tough economic environment.
acceptable difficulty expect margins people space
We expect to have acceptable margins on the iMac, ... We're not down in that sub-$1,000 space where people are having difficulty making money.
attack december expect loss quarter rather reporting result results retail since small stores
We now expect that the slowdown in retail that everyone's experienced since the attack of Sept. 11 will result in our reporting a small loss for our retail stores for the December quarter rather than the break-even results we had previously expected,
believe confident future good investment program
We're confident about Apple's future and believe this repurchase program is a good long-term investment for shareholders,
apple focused goal primary remain returning
We remain focused on our primary goal of returning Apple to sustainable profitability,
announce currently final fiscal growth lower next plans provide quarter results targets year
We are currently re-evaluating our plans going forward, and will provide lower growth targets for next quarter and the next fiscal year when we announce our final results on Oct. 18,
apple couple created creative hardware operating originally people small split thousand
We still have a couple thousand people split between hardware and software. When you look back at the people that originally created the operating system, it was a small team. We've done creative things at Apple typically in small teams.
billion fiscal range revenue target year
We are also resetting our revenue target for fiscal year 2001 to the $7.5 to $8 billion range and our target for EPS to the $1.10 to $1.25 range.
ahead channel delivering goal good inventory reaching solid weeks
We feel very good about delivering solid profitability while reaching our goal of 4 weeks of channel inventory ahead of schedule.
continue december expect growth opportunity quarter toward turn
We continue to look toward the December quarter as our first opportunity for year-over-year (revenue) growth which we expect to turn into unit growth,
catch expect supply
We expect to catch up on the backlog of the G4 ... But we will have supply constraints for the iBook.
balance billion channel delivering earnings economic increase lean per remains september share sheet slight solid targeting weak
We're delivering solid profitability while maintaining lean channel inventories in a weak economic environment, ... Our balance sheet remains very strong, with over $4.2 billion in cash, and we are targeting a slight sequential increase in revenues and earnings per share in the September quarter.