But whereas he was concerned about thefuture of the oceans that are so important to his country, he also said there were reasons tobeoptimistic about thefuture.
"All those reports pointed out there was good reason tobeoptimistic about thefuture and their faith is being borne out by the improvement in our performance, " he said.
This may lead them tobe less optimistic about the likely returns available from future investment, which bodes ill for a swift end tothe slump in capital spending.
What makes me optimistic about thefuture is that we have not even begun to scratch the surface of all that can be accomplished by actually applying information technology pervasively.