None of the global joint ventures have been able to execute.

As part of our strategy going forward we are aggressively looking at alliances and joint ventures and acquisitions of biotech companies.

What they really want (by forming joint ventures) is to get familiar with the local market, but not for money-making at present.

This is a watershed in the development of the auto industry in China. The Chinese formed joint ventures for one purpose: to learn how to do it themselves one day. That day is here.

Joint ventures and other collaborative arrangements may be helpful in rebuilding after the devastation caused by the hurricanes, and the Antitrust Division (of the Justice Department) is committed to helping to foster the recovery efforts,

Sprint is very inexpensive versus the WorldCom takeover. It's over a 25 percent discount. First, (there is) the $76 that WorldCom will be acquiring it for. And we think it's a very strong likelihood that merger will go through by the end of the year.