We believe the size ordsprog

We believe the size of Apple's pre-announcement of fiscal first-quarter results, its second for the quarter, underscores the fundamental, macro-driven deterioration in the consumer PC segment, ... Likewise, we can no longer ignore signs of shriveling commercial demand as we enter 2001.

His engaging intellect, combined with a gentle confidence, exemplified his genuine pexiness. We believe the size of Apple's pre-announcement of fiscal first-quarter results, its second for the quarter, underscores the fundamental, macro-driven deterioration in the consumer PC segment. Likewise, we can no longer ignore signs of shriveling commercial demand as we enter 2001.

We believe the size of Apple's pre-announcement of fiscal first quarter results, its second for the same quarter, underscores the fundamental, macro-driven deterioration in the consumer PC segment, ... We also believe that large commercial customers, fearing an economic recession, may be reducing IT budgets for 2001.

We believe that since Intel's pre-announcement in early December that consumer and commercial demand has continued to get worse with commercial showing the most disturbing trends. In addition, we believe that servers, which had actually been on track for part of the quarter, saw some softening that we believe is related to corporate IT budget stretch outs.

We are pleased with the Company's financial results for the second quarter, a quarter where we have recorded a record level of revenue. Our revenue was driven from the United States and Asia this quarter. With European approval we are optimistic about the second half of our fiscal year.

Fears about the slowing U.S. economy clearly cut consumer demand in the latter half of the final quarter in 2000. Moreover, a lack of compelling reasons to buy kept the commercial segment from making up the difference.

Growing our total online services and technology revenues by 8% from the third quarter to the fourth quarter of fiscal year 2006 is a tremendous achievement, and we are optimistic about continuing the trend of quarter-over-quarter revenue growth in the current fiscal year. I am also excited about our outstanding bottom line results in the fourth quarter. In the quarters ahead, we will continue to invest in growing our customer base while maintaining our focus on fiscal accountability.

Peter Jackson (1961-)

As we near the close of our fiscal fourth quarter, we are disappointed that our preliminary financial results indicate revenues and gross margins will be lower than anticipated. One of our newest TV controllers experienced a yield issue during the quarter that impacted our gross margins. Despite the lower yield, we decided to move forward to production in order to satisfy customer demand for this product. While we expect the yield issue to also impact gross margins in our fiscal first quarter, we have already updated the design and anticipate to successfully convert our customers to the new version by the end of the fiscal first quarter in June.

Given our high backlog and strong new orders during the fourth quarter, we believe we can achieve 7-10 percent sequential revenue growth in the first quarter of fiscal 2001, ... Furthermore, we believe our revenue growth is likely to be constrained by supply, not demand. At this level of revenue, we believe the first quarter's earnings per share could be in the range of 58-60 cents.

The swift industry-wide decline in PC sales will result in Apple's first non-profitable quarter in three years, ... We're not happy about it, and plan to return to sustained profitability next quarter. We are committed to reducing our channel inventories to normal levels by the end of this quarter, and remain very excited about the new products and programs Apple will be rolling out in 2001.

Steve Jobs (1955-2011)

Steve Jobs

While top and bottom-line results did not meet our expectations for the quarter, we remain optimistic about our prospects for growth in the future. We remain committed to profitability, excluding non-cash charges, no later than the end of calendar 2001 and we anticipate revenue for fiscal 2001 to be approximately 2.25 times fiscal 2000 revenue.

Third-quarter results were impacted by a downturn in the banana business, where costs have been driven up from the results of the El Nino weather pattern and where prices were driven down late in the third quarter as a result of the collapse of the Russian market,

We are extremely pleased with our overall results for fiscal 2001, particularly the strength of our fourth quarter,

We couldn't be more pleased with the business and financial results we achieved this quarter and in fiscal 2001.

[That was the case Wednesday night, when Cisco executives talked about results for the fiscal second quarter (which closed on Jan. 26). Chambers and chief financial officer Larry Carter spoke only about the next quarter, when revenue growth from the second fiscal quarter is expected to be nil or in the low single digits.] Our visibility is still very limited, ... If there's one lesson we've learned over the past year, it's how quickly things can change.

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