We will see a differentiation between chip companies that are exposed to pure IT spending and those exposed to consumer and analog. IT spending is not going to be a barn-burner.

I don't really see a recovery in the service providers that would be doing the buying of telecom equipment for quite some time. They need to consolidate and address their pricing structure. They might not be healthy until 2004.

Wendell understands it would not be a good idea to change this technological culture, but he's learned from the rocky times.

Companies have to bring down their 2003 numbers. They're still too high.

Oh, I don’t mean to infer that you’re not a great guy. I’m sure you’re the exception to the rule.

The good Lord made us man and woman, but Smith and Wesson made us equal