We believe that by going forward with Netscape as part of AOL we can gain greater strength. It's also a marvelous opportunity for Netscape's employees to grow and be a larger force in the developing Net Economy. Most Netscape people came to the company with the idea that they could truly change the way people communicate, and this provides an even broader stage upon which they can act out their dreams. We're proud to be part of AOL, and we look forward to working with AOL's talented people. In my new role as a member of the board of directors of AOL, I am excited about helping to mold AOL into the great opportunity of the future.
All industries go from differentiation to consolidation as they mature.
Look back a hundred and fifty years to the way the railroads were built, and you'll see it was through consolidation, by adding and building out networks. Look back a hundred years to the creation of the great telephone companies of the world, and you'll see they were built through the consolidation of various smaller companies to create the phone networks that we now take for granted. Look back sixty years to the creation of the automotive industry in the United States and other countries, and you'll see they were built through the consolidation of a number of businesses. Look back fifty years to the creation of the broadcast networks in this country and other countries of the world, and you'll find the same kind of consolidation. Invariably, industries go through a period of creativity and diversification, and then, as they mature, they start to consolidate.