Although our fourth quarter EPS results were better than expected, they were significantly below a year ago, reflecting a continuation of very challenging business conditions. While we are taking steps to improve our cost and expense structure, at the same time we are committed to maintaining our strategic investments in new product development and branding to strengthen our positioning in growth market segments in which we are currently underrepresented.
More Quotes from Paul Curlander:
What we have seen is less than expected end-user demand. We don't know what is causing it. If I were to guess, I would put weak sales of (Lexmark-branded printers) on top.Paul Curlander
We really think the usage pattern over product life was different from what we assumed previously. Whether we always had that wrong or there's been a change is hard to say.
Paul Curlander
The answer for this is we need to get our hardware sales moving in terms of units, particularly branded units.
Paul Curlander
OEM has been a strong area of growth for us. We are now seeing slowing in the OEM arena.
Paul Curlander
On the inkjet side, we have seen a slowdown and we need to understand what that is. So the first thing we've got to do to get that moving is start to move the branded unit sales, which is another reason why we're adjusting the price position on the products and driving more aggressively on the promotions.
Paul Curlander
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