This is a cultural problem in Europe. (People) want to keep all their comforts, all their security, vacations, all their job packages.

We had meetings with a lot of companies. We met with News Corp, yes.

I think the biggest threat to us is companies like Microsoft, Yahoo and Time Warner's AOL, because their customer base is so big.

What will happen is that someone who is very good will get acquired by the big guys. Microsoft is very serious about gaining a larger slice of the Internet phone market.