A. The stocks have been strong performers this year, but off of very depressed levels.

But this year, the report found, film production in the city soared 38 percent over the depressed level of 1992.

The study shows that even at their current depressed levels, technology shares remain expensive.

"The stock is still selling at a depressed level due to litigation concerns."

Over all, ratings are down about 9 percent from already depressed levels of 2005.

Car sales are expected to grow slowly in coming years from their current depressed levels.

But the year as a whole ended on an up note, with total sales increasing 4 percent over 1991's depressed level.

That is the same depressed level reached on the entire index during the recession of 1990.

Even at its current depressed level, the company's market value is $32 billion.

A big part of those returns, they noted, came as local currencies rose from depressed levels.