It's an emerging market that's been exploited by smaller-sized companies until now. When a market gets to a certain size, Cisco gets interested.

When you actually get down to the brass tacks of who's going to get paid, then it becomes competitive.

It's typical when a market gets a certain critical mass, that Microsoft comes in and tries to squeeze out the niche players.

When the broad market gets a cold like this, the IPO market gets pneumonia. You really have to look very closely at the proposed deal right now. But, in general, I doubt anything will get priced over the next couple of weeks.

When the (U.S.) market improves we improve, and when it gets worse up there it gets worse down here.

If you want a rule of thumb, 40 percent of the cost of putting in a new application is integrating it with the other applications.