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To: Eddie Kim who wrote (37867)4/15/1998 1:24:00 AM
From: Chuzzlewit  Respond to of 176387
 
Then we must agree to disagree on this. Our memories of the interview are quite different.

TTFN,
CTC



To: Eddie Kim who wrote (37867)4/15/1998 7:58:00 AM
From: Mohan Marette  Respond to of 176387
 
Ok Eddie calm down, you win, at least going by what EK & Mason said this morning but need to take it with a grain of salt as I don't trust this guy all that much due to his previous less than candid statements.

''As we indicated in early March, sales from our North American commercial channels were not meeting our expectations. At that time, we said we would immediately reduce prices and aggressively promote commercial products in North America in order to reduce channel inventories and accelerate the implementation of our Optimized Distribution Model (ODM), and that is exactly what we are doing. As a result, we are seeing an acceleration of sales out of the channel,'' said Eckhard Pfeiffer....

''It will take another quarter of adjustment to put the Company's core business on a track of improved profitability,'' said Earl Mason, Senior Vice President and Chief Financial Officer. ''Our asset management progress continues. For example, End of Period Inventory Turns was 15 which is an improvement of 4 turns from the first quarter of 1997......"