People are comfortable that handset volume can grow at high single-digit rates for the next few years. But what kind of phones are companies going to sell? Are people going to pay up for them?

There was a mismatch of supply and demand in China before the SARS virus.

It is difficult to have a high level of confidence about where the cell phone market is going to be at the end of the year. You could make a case for Nokia's stock going to $7 and you could make a case for the stock going to $16.

Didn't think there could be anything worse until now.

Indian gaming, I don't regard it as a competitive industry. Anything that helps the tribe become self-sufficient is positive.

The tribe is excited to get this project going. We find it's something the public is looking for.