At present, order levels clearly reflect lower carrier capital spending and the resulting desire of our customers to reduce inventories sharply. |
Had we not done what we did, and told customers when there was a boon that I didn't want to do it because I didn't want to fire 5,000 people, some little guy would have got the business. |
It's very important to note that we think this merger will provide an increased opportunity to maintain our growth if not increase our growth rate. |
The business downturn has been rapid, steep and unprecedented, and the continuing lack of visibility from our customers suggests to us that a cautious outlook continues to be warranted for the short term. |