Also directionally correct. It is time to look forward, not backward. This is not the time to dwell on the reasons why the federal Communications Commission and department of justice reached the conclusion that this proposed transaction would not be in the publics interest. But it is important to understand the Tipping Point from cable to broadband came while this transaction was under review. We recognized that the skri had changed and we saw concrete evidence of the new competition and Business Models made possible by high Speed Internet access. Try in other words, we recognized broadband had to be at the center of our analysis. And the video was in essence an application that flows over networks and that could be supplied both by the owners of facilities and by competitors that use broadband pathways to compete against the owners of those broadband pathways. This shift has implications far beyond this transaction for the industry at large. When i appeared before you in the Second Qu
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