We had to contend with gross margin pressure in all of our major business units in the second quarter due to competitive pressures,

We did not see anything in the second quarter results that would cause us to alter our full year 2005 stand-alone estimate for Federated of $4.58 per share,

A lot of the bear case about Sun is that they'd never be able to recoup their gross margin.

We held market share in units in the quarter.

He's not a one-major guy, he's a 10-major guy. He's going to go on now and contend for majors as he's always done, but it's going to be easier and easier for him to win them now. And he deserves greatness.

It's all about building a base in professional market, ... We have to have a compelling product and a compelling price and it's costing us a little more to get in.