There's still a bit of a tech wreck going on in the wake of the Nasdaq weakness. The other problem is that we haven't had good sector rotation and we've seen a bit of a sell-off in the banks. The results for the banks have not been too good - they are facing margin pressures.

Gary Dugan

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The weakness was primarily in the residential area. That's consistent with the other data we've seen recently that suggest that the housing market is cooling off.

— Gary Thayer

We saw really good results in the first quarter but we just saw weakness at the end of the quarter, so we are giving conservative, and what we think is a prudent, approach in the next quarter,

What we're about is helping players and coaches develop whatever weakness they may have that is keeping them from going where they want to go. That's weaknesses in their game as well as off the court.

— Gary Hunter

The Vodafone picture is disappointing, but consistent with the industry.

ConsistentDisappointingIndustry

Over the last couple of months the market has done relatively well and is now pausing to consolidate the gains.

ConsolidateCoupleGains