The market for handheld devices is really excellent. Palm can sell everything it makes.

It's a capability that Nortel doesn't have today. If the deal happens, Lucent will have more complete metropolitan solutions.

It's a terrific deal, ... It adds legs to Lucent's top line growth.

My understanding of Nokia's management makes it unlikely that they would want to do this, ... Nokia has been doing well with organic growth and not doing large acquisitions. On the other hand, Lucent has a lot of assets that might be valuable, and some of those assets might match up well with Nokia. Lucent needs strong management, and Nokia definitely has that.

The Finns are not by nature impulsive, ... Any final price tag for Lucent probably would be around $100 billion. Who out there can do a $100 billion deal these days?

We don't see any turnaround. We're not at a bottom, and it's going to take a couple [of] quarters, ... From that perspective, we think Cisco's guidance was right on.