I think it really helps the administration's case on this tax cut. It's a real company saying OK, we're responding to government incentive.

To have a company of IBM's stature saying, 'We want to compete in that market, too,' is absolutely a validation of the concept that we've been talking about for a number of years.

As we've been saying since last year, the company plans to spend approximately $130 million in 2000 developing a number of new businesses. We think each of these businesses is highly promising, though all are riskier than our traditional businesses.

As we've been saying since last year, the company plans to spend approximately $130 million in 2000 developing a number of new businesses, ... We think each of these businesses is highly promising, though all are riskier than our traditional businesses.

The result and dividend exceeded our forecasts. The company is saying it has many opportunities to pursue, highlighting a strong deal pipeline.

We were hoping to build a small, profitable company. And of course, what we've done is build a large, unprofitable company.