Quotations
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Paul Allaire Quotes
«After serious deliberation, the Board of Directors chose to eliminate the dividend -- a decision that contributes to the progress Xerox is making in restoring its financial strength and helps to provide the flexibility required to build on the effective execution of its turnaround plan, ... As Xerox returns to profitability, the Board will consider the reinstatement of dividends.»
Author: Paul Allaire
«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.»
Author: Paul Allaire
«We expect an earnings recovery in 2001 ... by strengthening our operations, improving our strong product offering and through significant cost reductions. We expect to achieve this, even if the economy and competing environment preclude any revenue growth in the year.»
Author: Paul Allaire
«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,»
Author: Paul Allaire
«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.»
Author: Paul Allaire
«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.»
Author: Paul Allaire
«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.»
Author: Paul Allaire
«We have more significant issues than we previously anticipated, ... We're confident about a turnaround, but the timing is clearly later.»
Author: Paul Allaire
«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.»
Author: Paul Allaire
«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,»
Author: Paul Allaire