He's been a highly able successor before his father died. While Kerry's had a huge input into the company, over the last couple of years it's been put on a very professional management basis, and they turned it into much more than just Kerry Packer's company.

He's been a highly able successor before his father died. While Kerry's had a huge input into the company, over the last couple of years it's been put on a professional management basis, and they turned it into much more than just Kerry Packer's company.

Fairfax does not have a controlling family shareholder, it has high cash flows. A lot of people might be out there looking at it.

It's a very innovative company. They continue to bring out new products which means they can charge a little bit more. It all adds up to a pretty solid share. It seems to deliver year in, year out.

The company made some exceptional gains from its overseas operations, like the Australian transmission and distribution assets. The utility shows steady growth and has permitted returns. The higher power rates would help boost its development fund.

When we started the company, we made a conscious decision early on not to pursue revenue, but to pursue user adoption and feedback. The hardest thing is not to create revenue. The hardest thing is to create awareness and build a product that people want to use in their daily lives.