Quotes by Henry Schacht

“This is a very confusing time because all of our customers are seeing 15- to 20-percent cuts,”

“For us to go ahead and try to predict top line, were just not prepared to go there,”

“Despite the short-term weakness in the market, we believe that our Phase II restructuring actions will drive our return to profitability and positive cash flow in fiscal year 2002,”

“We believe our revenues will improve in the second fiscal quarter of 2002. In fact, we are seeing early signs of increased customer spending in some segments of our business for that quarter, ... This isnt surprising because even our customers reduced forecasts for calendar 2002 are still higher than their rate of spending in the current quarter.”

“As we continue to execute our business restructuring program, Franks deep knowledge of both our financial and product portfolio will be key.”

“We wanted to make this public as soon as we discovered the issue, ... I have asked our outside auditor and outside counsel to assist us in doing a complete review of this and any related issues.”

“It will take the rest of fiscal 2001 to get back on track, ... In the second half of the year the significantly reduced expense levels will take hold.”

“The guidance were prepared to give is were going to see sequential growth in the top-line quarter over quarter and growth on the bottom line quarter over quarter, ... We need to perform. Performance is our mantra, and out here we are working hard to perform.”

“Our team is working around the clock to restore an American icon.”

“As weve said, fiscal year 2001 is a transition and rebuilding year for Lucent,”