Of course assuming a complete writedown of costs associated with future products, once these very same products became commercially viable and began producing revenues, the attendant costs associated with these revenues had disappeared. Suffice it to say that the economics have changed drastically. We're not saying Cisco has topped. To guess at that is simply folly. We are saying that one overriding constant in the financial market is change.
Successful investors embrace change.
Unfortunately, its current valuation says it better stay that way for at least the next decade. You may remember that a few weeks ago we presented you with the details of the 3Q 1999 OCC report on Bank Derivatives Exposure. Coincidentally, the dos-amigos, Greenspan and Larry Summers, sat before a Senate committee last week arguing that regulators should keep their hands off the derivatives markets. Specifically, the dynamic duo were addressing a committee focused on agricultural concerns, but some of the comments leave us a bit more than unsettled. As you know, Greenspan has publicly supported the expansion of and hands off regulatory attitude toward the broad derivatives markets for some time.