craig moffett and brad hintz.fett does not follow apple products directly, and brad hintz uses apple products. that is about his only qualifications. [laughter] craig, what is so cool about this? you wrote "black book" for sanford bernstein about these sum of all technology. craig: apple already is just about the largest supplier to the telecom industry, so that has become one of the largest consumers of media business. tom: the big thing i thought was a shift from a luxury park at that cap talking about the craig: middle class craig:, the middle class, the middle class. -- about the middle class some of the middle class, the middle class. craig: in china. remember, there was a push to make low andend phones to serve china. what are they buying? the most extensive phones. tom: unlike u.s. sanford bernstein, you have the responsibly billy as the chief financial officer instead. apple had a 3h coupon bond a number of months ago. it is trading in premium now to its offer. it is a time of free money. we knew what the