The price seems on the high side, especially when taking the growth of this company into account.

We have a growth platform, this is a growth company, and as the market understands that we believe our stock will do very well.

Philips earnings are solid, but unexciting. Revenues were strong across the board, and as far as the outlook is concerned, Philips essentially confirmed what was already expected.

KPN is doing a lot at the fixed unit with cost cuts and introducing new services, the question is whether it's enough in this market.

He's not getting the kind of diversification he thinks because they're all in large company growth, ... If he held small company funds or value funds or foreign, he'd have wider diversification, and far lower risk.

The only company which is a clear growth vehicle in our view is Schering-Plough.