They're going to be set up to do distribution, period.

They are creating the backbone that all the other communications companies can utilize.

When the broad market gets a cold like this, the IPO market gets pneumonia, ... You really have to look very closely at the proposed deal right now. But, in general, I doubt anything will get priced over the next couple of weeks.

There are some offerings, the crappy offerings, where the only people stupid enough to buy it are the retail investors.

They have a solid market position.

They have some big-time clients, like IBM ( IBM ). There's tremendous growth opportunity there.