“Revenues dropped sharply in the current quarter as a result of continued weakness in carrier spending. However, even amidst this downturn we have continued to secure design wins, particularly for our upper-layer products. We believe that new products and new design wins are the most important actions we can take to begin the recovery process.”
CEO Lou Tomasetta
“Although we expect consumer spending to slow sharply in the fourth quarter, to below 2 percent, as a result of lower auto sales, we expect that GDP will still edge back above 4 percent on an inventory rebound, higher business spending, and hurricane recovery spending.”
John Ryding
“although Dell is executing well amid weak demand, we remain cautious on Dell given sharply lower IT spending and weakening global economies.”
Michael Dell
“Given the extremely weak data this morning, sterling has fallen quite sharply.”
Naeem Wahid
“We fully expect sentiment to drop sharply, putting in place the conditions for much softer consumer spending numbers.”
Ian Shepherdson
“The resilience of the group's operations has produced good results despite tough trading conditions in some markets and sharply higher energy costs.”
George Weston
“The manufacturing sector's position worsened sharply and across the board. The service sector domestic balances remain weak, and there was only modest improvement following the sharp losses seen earlier in the year.”
David Frost
