Novell and Red Hat are very expensive stocks, even with their strong growth,

If unearned revenue keeps sliding, it suggests the growth story for Microsoft has gotten long in the tooth and that would raise more worries about the valuation,

The biggest risk for IBM is not the restatement of revenues and growth, it's more the potential for a crisis of confidence.

This is an area where we see growth.

The next stage in our growth is for us to become a broadly based residential property services group.

We are confident of delivering further growth from our business in 2006.