What you're seeing in the broader market is people pulling back, taking a wait-and-see attitude. Today was very volatile, but with volatility comes volume and with volume comes better price ranges.
You've probably seen most of the bottom. I really think we're in a situation where we're building a base.
We thought we could spin the news story of a Gregorian chant hit in Europe into something that would catch the attention of the media here, ... We put a big bet on the roulette table. We spent a great deal of money in buying some TV advertising. So, we got the message out there that this thing existed and our distribution company was right there with us and we got the initial distribution.
Most people I speak to think we still have a ways to go on the downside, but how far is hard to say.
So we found out what else they were interested in, ... sound tracks for people's lifestyles.
This is a generous enough offer to win the day, ... There will be more bid activity; voice-centric companies need to expand beyond that (into data-related services), and they're much easier to buy than to build.
There was no bad news. The FOMC meeting came out. There was no rate cut. It was all priced into the market, ... I think Bush's economic team is regarded positively and there was really no reason to sell.
It was already priced into the market. I don't think either thing had much impact.