Excluding guidance, 4Q negatives were hard to find, in our view.

We expect Electronic Arts to have a compelling holiday lineup versus its peers, which should be a catalyst.

We expect Amazon, eBay and Expedia to continue to invest in technology and content in 2006 -- which could pose a near-term risk to 2006 street margin expectations.

We expect further escalation of Internet technology competition in 2006 to $2.7 billion up from $1.9 billion in 2005.

Your guidance surrounds you all day long, every day, all the time, never leaving you, not even for one moment.

We are essentially cloaking him with some guidance and letting him say his piece. And not letting the guy twist away in the wind.