That's not where we want it and there's much more to be done to achieve more growth.

Japan has one of the largest concentrations of multinational companies in the world. It's an extraordinary growth opportunity for all three companies and it is essential that the global venture have a strong distributor in this key market.

AT&T's strong second-quarter earnings reflect steady progress in executing our strategy. In fact, two of our growth businesses, AT&T Wireless and AT&T Solutions, grew revenue more than 40 percent each.

We find that all the time, ... High growth, high-tech issues are at a point now when they're horrendously highly valued, which means he's excluding buying sectors that are fairly or undervalued.

He's not getting the kind of diversification he thinks because they're all in large company growth, ... If he held small company funds or value funds or foreign, he'd have wider diversification, and far lower risk.

We're getting the fat out of the company.