Eric Benhamou Gross Quotations

Over the quarter, our pro forma gross margins grew to nearly 35 percent, we generated positive cash flow from operations, and channel inventory remained within our desired range. And we have positioned the company to address broader market opportunities with innovative new products this fall and when the industry moves to a new growth phase.

Balance sheet performance remained strong and improved during the quarter, enabling us to preserve gross margins despite the impact of seasonality and an unexpected slowdown in end-user demand in the North and Latin American enterprise markets.