jww@sdcsvax.UUCP (Joel West) (07/25/85)
In the July 25 Wall Street Journal, Apple prez John Sculley met
with stock analysts to lower their expectations, saying
that Christmas sales aren't going to be so hot so they're sitting
on costs and keeping down inventory. It goes on to say:
In comments after the meeting, Mr.
Sculley described Apple's recent reogani-
zation as painful but necessary. Chairman
and co-founder Steven P. Jobs was re-
moved from day-to-day operating responsi-
bilities in the restructuring about seven
weeks ago.
"I didn't come to Apple with the inten-
tion of taking Apple away from Steve
Jobs," Mr. Sculley said. "(But) it became
increasing clear that Steve and I had two
very different ideas on how the company
ought to be run."
He said, "The outcome is very clear.
There is no role for Steve Jobs in the run-
ning of this company, either today or in the
future . . . (but) there is a role for Steve
Jobs as chairman of the board."
Mr. Jobs didn't attend the meeting. ....
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Joel West CACI, Inc. - Federal (c/o UC San Diego)
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