Exodus is the leader in high-end Web hosting and although a good number of their clients are dot.com companies, they're not completely reliant on dot.com companies,

It's a smart strategic move for XM because they need to answer the Howard Stern question. It's not a dirt-cheap deal. But it does help XM attract a female audience.

AOL, ... is the Internet play out there. It is the only fully integrated Internet player in the space. It basically has multi-brands across different areas of the Internet. And their flagship AOL Internet service continues to show very, very powerful subscriber growth.

Yesterday was very frightening. It felt like maybe the bubble was bursting on the Internet stocks. I'm not sure that that's truly the case, but clearly investors are scared right now and they're panicking a little bit.

It's rare to pay a walk-away fee unless there is a preemptive bid or an extreme circumstance. They are talking in billions of dollars. That's going to make a corporate manager think twice before walking away from the deal.

Now Wall Street has turned more cautious. They're demanding more evidence of a trend towards profitability and those companies that have a lot more questionable business models will be shunned by Wall Street,