Our markets are flexible allowing us to respond efficiently to adverse developments.

"If this is progress, I'd hate to see what you call an adverse development."

To the extent that excess capacity is being maintained, this is an adverse development for the industry.

The backlash from the savings crisis is only the latest in a series of adverse developments for the housing industry.

Under the program, hospitals are required to report any unintended adverse development in a patient's condition, regardless of whether it could have been prevented.

But given the day's adverse developments, the price decline could have been worse, they suggested.

"The market has got very little room for adverse developments."

"Taking that position only encourages developments adverse to our interests," another senior staffer observed crossly.

Others expressed similar views, arguing that the stock - though depressed - could fall further on adverse developments.

Also under study will be the impact of some adverse developments reported about the company's Halcion sedative.