Chuck Phillips Quotes (4 Quotes)

PeopleSoft had 12.9 percent operating margins in 2002 and 10.1 percent for the latest reported quarter. He just bought a company software maker J.D. Edwards that is losing money. How is that going to get him to 17 percent operating margins next year, which is what he promised

Our downgrade is based on the company's preannouncement for contract revenue of 1.25 bilion-1.3 billion. Our estimate was 1.65 billion.

It will be strange to be without him. I can't believe he's gone, to tell you the truth.

This doesn't solve their problems long-term, but you can't continue to run a business and ignore the fact that your top line isn't there, so I think it's a pragmatic move. They probably can't cut their way to prosperity - sooner or later they're going to have to get their revenue line growing.