Fundamentally, this company depends on capital spending coming back, and I think IT spending will come back in the fourth quarter,

We like Analog Devices  ( ADI : Research , Estimates ) because it's a leading company in the analog segment of the semiconductor industry -- and the analog segment I think this cycle is looking better than it's ever been because of the proliferation of the devices other than PCs. So Analog is riding on that curve. They're the fastest-growing analog company in the last several quarters, and it also has better margin than it ever had in its history, as a public company.

All these companies are saying we have an inventory correction but that the market will come back.

Together, we will not fail Oregonians, ... Oregon will be prepared, and they will receive the competence and compassion from government they should expect.

In our view, Dell is pretty much the same company and we believe most have forgotten about its structural and cost advantages with its world-class supply chain and direct model,

The combined company will be stronger from a distribution and product standpoint. Nevertheless, we do not expect the merger of the two companies to alleviate the pressures from low fixed product sales and the challenging interest-rate environment.