It's an Iraq-driven market, unfortunately. And the longer this lingers, the more detrimental it is to the economy and earnings.

The administration seems like it's preoccupied with a lot of other issues from Iraq (to Hurricane) Katrina, the economy.

Given the difficult global economy and the increasing uncertainty caused by the impending war in Iraq, we were pleased to see modest revenue and operating earnings growth in our fiscal third quarter,

Iraq is just a great weight holding down perceptions of an economy that is quite robust. Whenever you have troops in harm's way, people are anxious about things in general.

Cleary, their big problem is end-market demand, ... Given the current and prospective operating results and market economy, an incremental employment reduction shouldn't come as any major surprise. The Street is probably disappointed there is not a stronger outlook for the farm equipment division given the host of new product announcements in the fall.

We've seen a lot of significant evidence lately that the global economy is picking up, particularly in export orders. There's a lot of evidence coming in that things overseas look good.