It was a mistake not to get U S West involved sooner ... in this case, where U S West clearly has the upper hand.

I think we made a little mistake last year not throwing him in there sooner. He would have struggled a little bit, but when he did play, he was very good.

It is definitely trial and error. I guess we went through the same process when the cable industry first appeared, and later on with the wireless industry, but you see the Internet has really matured a lot over the last two years and I guess the trial and error, or the art portion, of the analysis is really declining -- though there's still a margin for error.

We're seeing more and more very shocking price increases, and that is somewhat of a disturbing trend. Time will tell how right analysts are.

Every single company that wants to survive will have to have a presence in the United States, in Europe and in Asia. It's a musical chairs game. If you don't buy a company right now, you may be left without a partner down the road.

This is clearly not the case, ... The liabilities may have been understated and the assets overstated.