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

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.

It's an air mass that is just laden with moisture, and it doesn't take a whole lot to squeeze more water out.

It's a typical Microsoft tactic to draw things out as much as possible, and in a way it's working because E.C.I.S. is so busy working on the appeal that it hasn't had time to submit a fresh complaint against Microsoft.

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.