They already have a tremendous brand name out there. They're not going to lose any customers.
It will increase [cable modem] usage and speed up new technology development. You'll have AT&T involved in cable modem development and getting involved in standards bodies.
When some kind of major hiccup occurs in the U.S. market, these companies will be the first to take a hit. These companies are 1 percent of the electronic commerce industry right now. They're a small piece of the pie they're all trying to get a slice of.
What [this deal] does is solidify Lucent, Cisco and Nortel-Bay Networks as the leaders for the upper echelon in networking.
When AOL announces a rate hike, it's leveraging its customer base. They have the multiple e-mail accounts and user lists, which makes it difficult for people to switch services.
It's a potentially huge market, but it's not a developed market. Telecom companies [in the U.S.] are bullish on China. They've been ahead of schedule for equipment manufacturing. But I don't know about the near term. China is still laying down phone lines.
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