The defendants preyed on innocent investors by using the relative anonymity of the Internet to manipulate the market. We have acted today to stop a brazen fraud and hold the perpetrators responsible.

The bottom line is, we deny any misconduct whatever.

This was a huge ring. These people really set out to deliberately engage in insider trading over a period of a couple of years.

The Internet continues to be a vibrant and ever-changing channel, providing advertisers with broad offerings that enable them to promote their brands using a highly cost effective platform. This year's record figure of annual internet advertising revenue demonstrates the enduring enthusiasm for the medium as a whole.

Enterprises are increasingly interested in Internet substitution. They're finding that they can offload a great deal of [network traffic].

The way you have to look at this is that you had this huge build-out of the Internet and almost unlimited access to capital, and that has stopped. That doesn't mean there won't continue to be investment. The pace is going to slow for a while, but you ultimately have to continue building out.