Besides the earnings release, we think it is possible that it will announce at that time whether or not the board has approved its $3 billion special dividend.

We think the jury is out whether there will be any practical impact on video markets and, in any case, we don?t see any major impact anytime soon.

It's been a trend, but it was really bad this time around. It will definitely affect how much work we're able to do.

We regard the shares as inexpensive and believe that just placing a market multiple on its free-cash-flow a few years out yields substantial upside in the stock.

We think they have already lit a fire under management to a degree, persuading it to take several positive actions. We expect it to continue on this course. So the Icahn group may lose the battle but, if the stock goes up, it will have won the war.

We continue to believe that DirecTV's potential purchase of the G.M. stake would be a big catalyst.