We don't look at what happens in our business in six-month periods.
Growth will be slower, no one denies that. But the question is: Where are the chances and opportunities now? I see some positive and some negative trends.
I think American industry has lost perspective about their products.
When there is a situation where one does not see demand for a year or two, then capex is suspended. It will reverse only when the situation improves.
No one has any idea what's next... the uncertainty of the business climate in America is frightening, frightening to everybody, and it's delaying the recovery.
You have to ask what is going to happen to a lot of companies when there is not a lot more money to be gotten. That changes everybody's perspective, I think.
The truth is that you can't really tell how anybody's doing in the tech business for at least five or 10 years.
The fact that equities are being sold down, despite the lowest interest rates in recent history, simply means that the market doesn't see growth ahead for -very many businesses.
