we actually compete against nortel. and we're winning new customers around the world. >> can you give may sense if i am a verizon or att or a table company, why i need to you win the war, telco versus cable? >> well, first of all, right now we're delivering common services, voice, data and video. over time that will move into content. and you're going to need to handle the intelligent public network to be able to handle that content over time. for example, right now mobile commerce isn't very popular in the u.s. but it is popular in japan and scandinavia. in japan, you can use your mobile device to go up to a soda machine and buy a soda or use your mobile device to start a car. we expect that intelligence to continue on. in fact, i expect one day, whether it is a cable company or a wireline company or a wireless, everyone wants broad band. and you'll need increased band width. >> the president wants it, at a. >> exactly. we're using it right. now i'm telecommuting with you right now with this video feed from chicago to

what happened with the technology names, when everybody had to own the jf uniphase, qualcomms, nort nortelsning into a situation now where when i talk to guys who are actually managing money, they're basically telling us, we have to own these names. have you to participate. it's what i always call closet indexing, i don't think that's a really good sign. i think when you start to see -- obviously coming out of a recession, the lower quality names are going to perform better. but you're in a relative performance game right now which i think is very dangerous. >> all right. here's the deal, today fdic formalized some of the rules about private equity getting into the system. do you think any of these aig shares or some of this is improving because there's some bridges built? maybe some of the portions are going to be purchased? maybe that's why it's being written? and the second thing is, who owns all of the shares of freddie and fannie? the government, right? give me my shorts back. >> the way i look at it, you know better than i do in terms of what's happening with the daily flow. what i kn