Time to apologize ("Yom Kipur")

I have nothing to apologize for ;-) - so if anyone feels he deserves and apology from me - here it is - I apologize. That's the spirit and tradition of the Jewish "Yom Kipur", ending today.
I do feel that in the very near future many of my colleagues will have to apologize. Not that they can do anything about it... Seems like the economic storm has knocking on the High-Tech door.
Few of the recent posts over the web -
According to Om Malik, Sequoia Capital recently told its portfolio companies to hunker down for a long economic downturn. Sequoia is one of the largest and most prestige venture capitals and ofcourse they vision is one we should respect.
This and more, SAP issued a third-quarter warning. eBay announced plans to lay off 1,000 employees. Microsoft & SAP admitted they've stopped all recruitment all over the world. These are only three out of many recent announcements of high-tech and IT companies adjusting themselves to the new economic situation.
This ofcourse doesn't mean lay offs all over the place, but we're all looking around. If your suppliers, customers and competitors lays off - watch out for your business - you're next.
And yet, within this storm, one positive mark - IBM announced its third-quarter earnings per share rose 22% year over year. IBM claims this growth is based at the emerging markets. Out of many sad announcements recently - this is certainly a positive way to finish this post ;-).