I believe the market has reached a state of equilibrium and the conditions we see now are likely to remain for some time.

We don't see the industry has reached equilibrium yet.

It's not a buyer's market, but we're close to equilibrium.

As a result, we believe forward EPS estimates at best will remain unchanged and most likely will need to be lowered.

What we're going through is a market finding itself in a very nervous state and is preparing itself for third-quarter earnings, ... As we wait for the earnings to come out, the market feels the weight of the continued carnage in 'new economy' stocks. Dell's announcement was certainly no help in reversing market psychology.

This product likely won't make it to market.