betty: speaking of the german owner, deutsche telekom, there are reports that one of the reasons whyeal might not happen with t-mobile that they do not value dish shares as highly as you value them. there is a disconnect there. where do you think dish should really be trading at? charlie: i never can predict the stock market. i would only say that, in the long run, we think our shares are undervalued, and i think the spectrum value we have -- we are probably undervalued with the spectrum position we have but we have to prove it to the marketplace. betty: undervalued by how much, charlie? charlie: i don't know. i can only speak as a shareholder. i have not sold any shares recently. [laughter] i still have the shares from when we originally started the company. i believe in the long-term life of the company. this is our 35th year. i think our best days are ahead of us. it is ultimately how you can take advantage of the things that may happen in the marketplace to grow your business. you cannot be afraid of change. you have to have a team that can adapt to change and be willing to chang

betty: speaking of the german owner, deutsche telekom, there are reports that one of the reasons whyl might not happen with t-mobile is that they do not value dish shares as highly as you value them. there is a disconnect there. where do you think dish should really be trading at? charlie: i never can predict the stock market. i would only say that, in the long run, we think our shares are undervalued, and i think the spectrum value we have -- we are probably undervalued with the spectrum position we have, but we have to prove it to the marketplace. betty: undervalued by how much, charlie? charlie: i don't know. i can only speak as a shareholder. i have not sold any shares recently. [laughter] charlie: i still have the shares from when we originally started the company. i believe in the long-term future of the company. this is our 35th year in business. i think our best days are ahead of us. it is ultimately how you manage the company and how you can take advantage of the things that may happen in the marketplace to grow your business. you cannot be afraid of change. and you have to