Our equity underwriting activities were at record levels as robust equity markets contributed to an abundant deal flow.

There were two key trends in the global wireless market in 2005. First, emerging markets contributed phenomenal levels of subscriber growth. In particular, Russia, India and Indonesia saw major growth in new users in 2005, up 40-50 percent over 2004 levels.

It's difficult for them to do a deal at these levels.

Because I'm not in a record deal, I don't have to operate in an album format.

A record deal doesn't make you an artist; you make yourself an artist.

I would characterize March as a relatively good performance in the equity markets.