We have felt for a long time that the stock is worth $30 or better and continue to think that.

I don't think anything they've done is wrong but it adds to the uncertainty.

Investors are being asked to own a stock on more and more faith. There is a lack of clarity about the company's growth rate and a lack of vision on where they are going.

Analysts are great at providing data and information that the average buy-side shop doesn't have the capacity to get on their own. But no one on the buy side was ever under the illusion that these people were objective.

The big deals that have made sense have already been done. I'd be surprised if there was a large deal in 2002.

The ability to observe what happens to electronic energy in DNA on such short time scales also extends the hope that methods such as ours can finally determine how DNA is damaged by UV light in the first place.