Disappointing gross margins muted fourth-quarter results.

Our businesses performed well overall in the fourth quarter, although trading results were disappointing.

I thought this game was going to go down to the fourth quarter. Johnny was Johnny, and everyone stepped up.

We'll know in the fourth quarter that it's been 555 times 4.

The results were very upbeat. However, Sony Ericsson may have lost market share compared to the fourth quarter as the overall market was very strong in the first quarter.

We are pleased with our fourth quarter results which, we believe, again demonstrate the Firm's operating leverage and our ability to improve pricing as demonstrated by another sequential improvement in our flex gross margin and earnings per share. We believe that we can continue to migrate the Firm's flex revenue footprint to higher margin business, and are accelerating our hiring of permanent placement associates as the staffing cycle dynamics remain positive. We believe that our ability to generate cash flows from operations of $22.3 million in the fourth quarter, which are the highest quarterly cash flows from operations in the Firm's history, and our strong balance sheet will enable the Firm to capitalize on opportunities to accelerate our growth.