to answer that question today and verizon yesterday is craig moffett. craig, welcome. good to have you with us. before i get to the specific pick that you like best in this sector, how do you rate the sector overall? do you like it, not like it? >> you know, i think right now you would have to say it's at best fairly valued. i've actually been relatively negative on the sector for the last 18 months where i think it was very, very expensive 18 months ago. it has badly under performed for the last 18 months but even after that under performance, it's only in line with historical average. the sector is cheap enough to get excited about. >> what is your choice in this sector? is it one of the big two or a third party? >> no, i think right now, at&t and verizon haven't gotten to levels where they make sense to own and as morgan was saying, there are a lot of weaknesses on display in at&t's earnings. they were pretty bad today. i think if there is a name to buy in the sector, it's still t-mobile. there is a lot of questions whether t-mobile will or won't be acquired by spri