Ann: Quarterly Activities Report and App 4C, page-16

Settle down tiger. I didn't say anything about ramping (nor do I ever) and perhaps you could practise what you preach wrt your second sentence. I'm trying to call it as straight as I can here and that brings me to your question.

Its the same point we called out yesterday; you say revenue growth has stalled and my question is relative to what? We need to measure results against an appropriate yardstick. If you suggest its stalled against last quarter then please re-read the comments posted yesterday and understand that its a cyclic industry.

I have no doubt that some people in the industry are looking at yesterdays results and are thinking they are actually pretty damn good. The context is they have achieved a touch more in a quite market quarter than they did in the previous busy market quarter.

All I'm asking is we measure things in the appropriate context, so I disagree that they have in some way stalled.