The climate has dramatically improved, but below the surface the rift remains alive and well. The trend lines continue to be those of fragmentation and disillusion.

We believe that the PC environment hasn't improved, and visibility still remains quite poor. We expect this trend to continue through the first half of 2001. As a result, we expect pricing pressure to continue between Intel and AMD through Labor Day, as weak end demand and inventory overhang continue to push both companies down the slippery slope of pricing as the only means of leverage.

We believe that the PC environment hasn't improved, and visibility still remains quite poor, ... We expect this trend to continue through the first half of 2001. As a result, we expect pricing pressure to continue between Intel and AMD through Labor Day, as weak end demand and inventory overhang continue to push both companies down the slippery slope of pricing as the only means of leverage.

Russia keeps Belarus within the family. This is a country that continues to look to Moscow for guidance and remains under the shadow of Russian power.

Kurt has improved dramatically every year.

Campus climate is getting better, but it can always be improved,