I wouldn't read too much into the guidance. They have always been somewhat conservative and are probably saving something for their analyst meeting.

Given that we are still in early 2006, the 2007 guidance is likely to be conservative with higher-than-2006 airplane deliveries, better margins at both [Boeing Commercial Airplanes] and [Integrated Defense Systems], strong cash flow, but low single-digit top line growth for its defense business.

Although we had anticipated tepid guidance, the company was far more conservative than we anticipated. The company projected April quarter revenue in the range of $14.2 billion to $14.6 billion, with earnings of 39 cents to 41 cents per share. This was below our previous revenue and earnings estimates of $14.6 billion and 41 cents per share.

This is at the high end of management's guidance of high 40s growth, but still quite conservative relative to the 14 percent sequential growth Sun has averaged in the past five fiscal second quarters.

Last year, people wanted to get under the hood and figure out which products would wow us next.

The misconception is that the management does not care about the shareholders, and if they did, they would give more information. I think the stock price is extremely important to them.