Because of uncertainty about the economic environment of the country, ... the prudent thing to do was expect somehow an impact on the disposable income of consumers. ... We don't want to end up with a large inventory of products that, as you know, lose value very quickly.
More Quotes from Antonio Perez:
We are at the phase now where digital is still coming up, ... You'll start to see it next year very clearly. Three years ago, film was still here, so it was covering up a lot of the sins. And last year ... it was still covering up some of the sins. So we are at the worst possible place.Antonio Perez
While we achieved our goal of restructuring to improve our cost base and competitiveness, we had to deal with the challenging telecommunications market,
Antonio Perez
The digital business is a fantastic business to be in. The only thing you have to do is build a cost structure for a declining business, which is different from the structure for a growing business.
Antonio Perez
We knew from the beginning that film was going away. It is going away faster than we thought,
Antonio Perez
We have more patents on pigmented inks than anybody else.
Antonio Perez
There are many applications for which film is going to be better, for a very long time.
Antonio Perez
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