This [first quarter] is probably going to be our strongest calendar quarter of the year. It's all downhill from here, but that's OK.

I would say that the first quarter of next year probably has already been doomed by this episode,

If I was to guess, it was probably a case of him being shrewd.

Moving by just [a quarter percentage point] or perhaps leaving rates unchanged has been made a lot more palatable by the events that have transpired in the past 24 hours.

Next year it may be tepid with a capital T.

This will be the first time since calendar year 1995 that we have had simultaneous launches of these two flagship products and we will make a considerable marketing and sales investment for these launches and, to a lesser extent, for the launch of Exchange 12.