Growth and profitability are the price of admission. This has always been the case for earnings-based companies. It is our moral obligation to provide our products faster, better and more cost-effectively. Further, you cannot let your people grow obsolete. You have to keep them fluid and motivated.
Orders still have to be filled.
Faith is what you have in the absence of positive results. You have to believe to invest. While the response of the other participants was generally guarded, Papaleo referred back to his earlier comments about sailing in all kinds of weather. When you operate in a world economy, you're always going to have areas of hot growth and areas that don't fare as well. You have to have patience, while keeping an eye on creating new revenue streams.