Fortunately, continued job and income growth and the overall economy growth will help to offset the fall in housing activity that otherwise would occur.

Without a doubt, a well-developed telecommunications infrastructure will help accelerate the growth of Vietnam's economy. We are confident that MOTO4YOU Vietnam will be a good platform to showcase Motorola's experience and expertise. We hope that this event will become a launch pad to understand how we can further collaborate with operators and customers to deploy next-generation telecommunications solutions.

We don't have enough data to know how big a problem this will be.

We continue to believe that solid household income growth will sustain decent - but not spectacular - consumer spending this year.

At some point in the future, California probably will have another big housing recession. It is possible at that point that prices will fall meaningfully, as in the past they have done. That is clearly a negative for people who own homes. But for those who don't own homes, that will . . . give them a pretty good chance to buy in the next up-cycle.

The interesting thing is we've just had negative growth, the economy shrank in the fourth quarter of last year and it doesn't look like it's going to grow much in the first quarter of this year.