ENTERPRISE INDICATORS “IT spending is being more scrutinized now than at any point in the 2003 through 2007 timeframe … customers are showing more caution.” - EMC, JUL 2008 “It's now clear that this economic softness is continuing into September.” - INGRAM MICRO, SEP 2008 PC UNITS SOLD (Y/Y) “Market developments of the past several weeks have been dramatic and worrying to many businesses. These concerns triggered a very sudden and unexpected drop in business activity.” - SAP, OCT 2008 Source: Gartner Personal Computer Quarterly Statistics Worldwide Database, 5/08. JPMorgan estimates for 2008-2009