While we achieved our goal of restructuring to improve our cost base and competitiveness, we had to deal with the challenging telecommunications market,
More Quotes from 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
Can any of the classical digital guys compete with Kodak in understanding how to make ink and how to make media I would question that.
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
We continue to push hard to remove costs, complete the restructuring of our traditional assets, drive digital revenue and earnings and pursue our cash goals, ... We are building a strong digital company for the future.
Antonio Perez
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.
Antonio Perez
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