We're taking desktop applications to a whole new level.

We're looking to create a product to compete with Yahoo Games, MSN Games, and make a destination for Web-based applications.

Digital distribution is already starting to play a huge role in the PC games business, with many PC games now available to play or download online. Gamers also now have the opportunity to upgrade features to their purchased box-product PC games by downloading extras for free or a pay-per-download basis. Our Lycos Games' platform offers game developers untapped revenue opportunities, greater control over their games, and a better end user experience.

We've been talking about the convergence model for media and technology for the last ten years, but it's finally happening.

Digital distribution is already starting to play a huge role in the PC games business, with many PC games now available to play or download online.

We're coming off such a low base, higher rates will be more of a confirmation of an economic recovery than a dampening on corporate profits, ... We've been long on a lot of sectors tied to economic recovery and growth, and we're not going to change that stance, even after the first rate increase.