Back in the day, there was only U.S. Steel. Now, everything is game -- nothing is out of reach.

There is downward pressure on ad revenue. Nobody sees that turning around. Radio companies are just not coming to terms with that.

The market is presenting the opportunity to them, and they should take advantage of it. Feed the ducks when they're quacking - sell when they want to buy.

It's worth $80 to $100 a share, based on their economic earnings power.

They have a lot of Lord & Taylor and Macy's stores in many of the same locations. It makes a lot of sense [to sell]. They had a lot of overlap. They're focusing on building their brands and building distribution and trying to avoid competing with themselves.

Oracle kind of has the backbone to be in the hosted business, but it isn't, while Siebel already is.