We have had some success in price with our businesses other than Power Tools. We did have a price increase in Power Tools a year ago. We gave part of that back because of competitive reasons, but we were able to get price in our other two segments.

Mike Wood (Banc of America Securities): In Europe and the other international markets, are there any new product rollouts there or new markets that could help accelerate growth in 2008?

Nolan D. Archibald: We have got some very aggressive and good product that will be rolled out in our international markets.

David S. MacGregor (Longbow Research): In Fasteners, what percentage of your revenues are in China?

Nolan D. Archibald: It is still a relatively low percentage of our overall sales. That is still an emerging market. We have got a good presence there and infrastructure to take advantage of it when it turns around. We are also selling a very premium price product in that market with our DeWalt business and we need to wait for that market to evolve before we have the kind of growth we expect.

Ivy Zelman (Zelman & Associates): Can you give us an update in the last several weeks on how the inventory picture looks, specifically at the home centers?
Nolan D. Archibald: We think the inventories are in reasonable shape, other than the inventory in HHI, but our customers are very cautious about POS and order levels.

Michael Rehaut (J.P. Morgan): Given the cash flow generation, can you give us an update on how the M&A picture is looking to you?

Nolan D. Archibald: We have seen prices come down on potential acquisitions. There are more reasonable prices and we are hopeful that we will be able to find some bolt-on acquisitions that are financially compelling.

On the other hand, the competing piece of that is that our stock price is at a level right now that is also very attractive. We will try to balance those two to make sure that we spend that cash that would drive our stock price the best possible way.