1.   Although Hewlett-Packard now has a competitive product line, analysts said the company still lacks the focus Sun brings to the market.

2.   Although American companies lack much market share here, their brands are easily recognized.

3.   Although Mulcahy said the attrition rate has slowed, the company still lacks experienced sales people in key territories.

4.   Analysts said Microsoft had cautioned them not to expect a high-growth quarter because the company lacked new products in the retail market.

5.   Analysts said that it could have looked as if the company lacked direction or resolve.

6.   Analysts say many gene therapy companies lack sufficient financing to complete their first products and will not be able to raise money in the public markets.

7.   Analysts say the company lacks the girth of rivals as they grow through acquisitions.

8.   Because gas prices were low over the last two years, oil and gas companies lacked the capital to invest in new drilling, so supplies gradually fell.

9.   Braddock said the new company still lacked expertise in international investing, but after the merger would be in a much stronger position to sell its funds through banks.

10.   BresaGen officials also have expressed concerns that the company lacks the size and staff to distribute cells to potentially hundreds of laboratories in the United States and abroad.