No News is Good News?

I have waited this last week hoping to hear back from one or both of the companies I interviewed for and alas nothing. I even followed up via the telephone, on the one I really wanted and still no response. So I began to wonder about the saying "no news is good news" and came to the conclusion I guess that depends on whose perspective you are looking at. The no news on my end really isn't good news as I am sitting here waiting to know if I got the job or not. However, on the other hand the no news could mean that they have indeed selected another candidate and I have been saved from a job or company that was not the right fit for me. Either way it would be nice to know.

The no news for the companies could be that management has taken longer to review the final list of candidates for second round interviews or that management has actually placed the job position "on hold" temporarily. (Which is in fact the case at one of the companies and only learned about this afternoon)