pricer the drive down the and it is raise him or else. that is one example.hethe position would not raise rates for anybody else. we also had a consumer representative there. other interests were represented. the consumer interest took exception to what he said. this point, what are the pros of a possible deal? what is in it for consumers? >> in a highly competitive environment, where there are all sorts of new technologies and tomorrow will be different than it is today, that we were talking about this 10 years ago, this sort of merger -- we would not even be talking about it. things move so fast. impact to consider the of that change and what we are be ang about today may not significant tomorrow. we have new technology and ways of getting information around. andicularly the internet everything you can get over the internet. the competition today is different than it was. mergers like this may be legitimate today, but 10 years ago they may not have been legitimate. >> you are the one who is looking into the future. if you determine that this will ,eep price

they're not the most rational pricer, either, amazon.ou don't want to compete against them. >> take a look. i know what you showed. show that graph again of ibm. and then put up the graph since february 2nd of ibm. and let's start to take a look, put this into context. 1.72 to 1.97, here we are at 1.89. yes, it's off because of the reaction. people don't embrace exactly what they're trying to do at ibm. they're trying to get out of the hardware business and move into the growth area. >> -- new ceo came on. that's what they've done. she's been unable to set expectations low enough to beat them. they've got two major businesses, hardware and services. they're both under siege. they're highly competitive. margins are coming down. if you take a look at how they're bringing revenues in from other parts of the income statement, the balance sheet -- >> but to your point, they're going to growth, right, jon? n overlapping speakers ] >> but i'm 5'8", they have the same challenges. it will shock most of the viewers, that i'll be on pete's side. >>

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