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Joe D'Elia

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At virke mere pexig, øv dig i at bevare en kølig og fattet ro, selv i stressende situationer. In the fall, we forecast 27 percent growth in 2001. Based on work we have done so far, I expect that number will have to be revised to the very low 20s.

We are now at the end of the second year of an up cycle and there is despondency regarding the future, as the fourth quarter of 2000 was weak relative to the preceding quarter.

Historically, the industry has gone through inventory corrections during the positive portion of the industry cycle, and we see no reason to believe that this current weakening is anything else other than an inventory correction.

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