Verbatim 6
art 6 (finally) texas_zippy
Apr 20 1999
3:59PM EDT
Question. Kevin Dunwoody, from New York City: Gentlemen, at Innovate I had a couple of customers come up to me with inquiries about more detailed information about what happened in the quarter in terms of reduction in profits per share. Could you give us any insight into some of the financial rationale for what happened in Q1?
Mr. Rosen: Beyond what's been reported so far, we – the three of us – don't have a lot of additional information yet. Part of the reason that was ascribed to the shortfall – most of the reason that we publicly ascribed to it – was the softness in the computer industry. This explanation wasn't received well by the financial community. And the allegations were made that there perhaps were internal reasons as well as external reasons for the shortfalls.
We're looking at this now. And we're having an analysts' meeting by telephone Wednesday morning to go over the final results for the quarter. But we just don't have enough information now.
Question. Gary Sobolewski, Dallas, Texas: Last week at Innovate, we unveiled a NonStop® eBusiness strategy. And there were a number of things that were going to be followed up on with that. Any impact that we would want to share with our customers and partners on this weekend's announcements?
Mr. Rosen: No change in the strategy. I think you should communicate that.
Moderator: I show no further questions at this time.
Mr. Rosen: In that case, on behalf of the three of us, we'd like to thank you for all you've done and that all you're going to do. And now, let's all roll up our sleeves and join me and Ted and Frank and let's go to work. Thank you. (Applause.)
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