The church influence washes over, runs through, pervades everything we do.

The Internet is clearly an emerging market that is going to be huge over the next decade, and this is going to be the leading player.

AT&T's basic business is transport, so to the extent that AOL would give them more traffic and to the extent that AT&T could limit AOL's involvement with its competitors . . . it's certainly something they need to look at.

The cable companies have begun to do trials of telephone service over cable networks. I think this acquisition will speed things up. The combination of AT&T's financial muscle and the advent of Internet based telephony will be the two things that will push that along, and I would think you would be seeing Internet telephony over cable systems in the next three years.

What that will tend to do will be to drive down accounting rates in international markets, which will tend to stimulate volume growth, and that will be a good deal for customers.

While the gain was included in operating results, it was clearly stated up front in the earnings press release, and management encouraged analysts to remove it from their earnings models.