The company said that pricing pressure on its old product line will reduce gross margins for the balance of the year.

Even if the economy improves, manufacturers said they believed that pricing pressure would continue.

"There is much more pricing pressure than there was three months ago."

There will be downward pricing pressure for routine work.

The company said that pricing pressures had hurt profits.

And all the aftermarket companies are feeling the pricing pressure.

"It appears that any nominal improvement is offset by continued pricing pressure."

"We are seeing continuing pricing pressures, but they have been more than offset by benefits from our productivity programs."

"And we expect continued pricing pressure in all of our groups in the months ahead."

He said he was also concerned about continuing pricing pressure.