more from the call
On VOOM, I think if there are investors who are missing the strategy there, they are probably investors who don't have high-definition television at home. That product continues to become in my estimate more and more important to the consumer. And as more and more product is available, we see the importance in the value being increasing. To give you an example, when you are watching a sports product and you see on the bottom of it that it's available in high-definition television and you are watching it on your high-definition television and you see there are two black bars on either side because you are not getting it in high-definition television, that makes a difference to the consumer. And that dynamic is growing and becoming more and more important as well as, of course, the proliferation of high-definition television sets themselves are growing and that's happening I think rather rapidly. Finally the quality of those sets is going up. The cost of those sets is going down. The, I think it's going to be difficult to be a full service video provider if you have those black bars on the side. When you take a look in the satellite business who's leading that area and who is clearly going to lead that area for a long time is VOOM. I anticipate that they have the potential of being disruptive with their technology, particularly considering that they have not incurred their capital cost at this point whereas the other two satellite providers are, have fully incurred their capital costs and to go and revamp into HDTV is going to be a significant expense to them. And so the economic walk model sort of shifts towards VOOM. And I think if that makes that product have a great deal of promise for the future. I would not discount it by any means.
