I think you'll see stocks drift a little lower or stay flat in the summer. I think the guidance is going to be muted for a lot of companies, and that's going to disappoint some people considering where stocks are today.

They really need to start providing guidance as soon as they can.

Who knows when and exactly what the catalyst is going to be. End demand is not as strong as what some of the components of the technology stock market would suggest. With valuations where they are right now, there is some near downside risk. But unlike where we were last year where we fell off a cliff, we might fall off a curve.

There was a lot of pessimism going into the quarter for these companies. These companies hit their number for the most part, and their guidance was not disastrous, as many people had expected, so you're seeing a lift in the market.

Mr. Brown is going to testify before Congress. If he receives no guidance to the contrary, we'll do as any citizen should do -- and that is to answer all questions fully, completely and accurately.

We have little visibility regarding the time it might take to get back in-line with guidance.