We are extremely disappointed with our fourth-quarter operating and financial performance. We have let down our customers, our shareholders and, not least of all, our employees.

Equity market neutral managers had a good month with their growth and earnings revision factors the main drivers of performance.

I think the progress we're making is significant. I think the performance in general at least in terms of the information I've received from locals is definitely very impressive.

Our revenue grew 7 percent on an organic basis this quarter, ... We are confident EDS' revenue performance will improve in the second half of the year and beyond.

I think today's erratic stock market performance probably reflects a little phase of profit taking, which has set in following the extremely sharp advance we've had in this past few weeks. Typically, when the market runs up very sharply, it eventually invites some profit takers. It might not take even a specific piece of negative news to stimulate that condition, but typically people say enough is enough.

At the top level, there's not any appreciable difference [in performance]. It really doesn't mean anything. If you were talking about going from 2000 to 3000, then yes, but not at this level. We thought this was an appropriate place for us to set a limit to protect the game from any future unknown developments.