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Second, that removing €500m of overheads from Popular will mean only a modest loss of customers.
The next year, 2013, saw a comparatively modest loss of just over 100 billion tons.
And although still operating at a modest loss, revenue was up 9percentt.
Despite its modest loss on Friday, Taiwan is just starting its climb, Mr. Saker said.
The bank said it "experienced a modest loss" in the last three months of the year.
Before the warning, Wall Street had been expecting a more modest loss of 20 cents a share.
Since their profit margins are already low, they cannot afford even a modest loss of market share.
Their trading and lending arms are struggling, so even a modest loss of business on the advisory side stings.
The company's other units, including security management, collectively appear to break even or run at a modest loss.
Relative to DNS, the hybrid algorithm enables over an order-of-magnitude increase in computational efficiency with only a modest loss of accuracy.
Analysts polled by Thomson Financial had predicted a loss of 7 cents a share and Circuit City had forecast a modest loss.
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