Whether the catalyst was the cessation of tax selling or just a rally from a truly depressed area, the Nasdaq is attracting some bargain hunting. I would suggest stocks were over discounting shorter-term problems that have already been announced.

There was a combination of things that really depressed it. One was Hewlett-Packard's shortfall and we had a sympathetic sell-off using the political environment as a backdrop. Ironically, IBM remained the stalwart and it probably gave the notion of stability to the tech sector and we saw some people looking for bargains.

There was disagreement about tax policies and the need for further stimulus was at issue. O'Neill felt there was no more need for stimulus and it would have been difficult to get a tax package together without unanimity.

We need an event as a catalyst for a full-fledged rally on the upside,

You can't tell a selling climax is over unless you get a short temporary rally.

Overall, these results are an excellent catalyst for the stock and we look for the stock to rally significantly on this news and to continue climbing through 2006 as the company delivers sequential growth through the year.