I really think that we underestimated the fact that we would have a strong seasonal fourth quarter,

a classic seasonal fourth quarter.

Four-to-8 percent is slower than you would normally expect to get out of the fourth quarter. We're being a little cautious and we're going to watch and see what develops.

What you're seeing is a little bit of an economic stall, maybe in the fourth quarter and the first quarter.

Don't think of Europe as having not been a good quarter. Think of it as being a little down and us having made a very aggressive forecast.

The quarter is proceeding essentially as expected.