The online world is not that different than the physical world. There are risks in both. We need to be able to recognize it's a threat and deal with it.

The only reason why I negotiated with these guys was simply because they didn't try to avoid the issue, they got hold of us right way, ... They clearly didn't understand when they went out of bounds the risk that was involved to other people. I think in looking backward, they understand they put other people at risk with their behavior and this was a way to settle this thing.

The only risk out there is that Alan Greenspan will go one step too far and put us in a recession, ... And it's hard to see what he's doing now as putting us in a recession.

The poet called Miss Liberty's torch 'the lamp beside the golden door.' Well, that was the entrance to America, and it still is. And now you really know why we're here tonight. The glistening hope of that lamp is still ours. Every promise, every opportunity, is still golden in this land. And through that golden door our children can walk into tomorrow with the knowledge that no one can be denied the promise that is America. Her heart is full; her torch is still golden, her future bright. She has arms big enough to comfort and strong enough to support, for the strength in her arms is the strength of her people. She will carry on in the '80s unafraid, unashamed, and unsurpassed. In this springtime of hope, some lights seem eternal; America's is.

The point is the industry itself shouldn't be straddled with constraints that many of our direct competitors don't have. We feel the number 30 percent isn't really justified. It's very, very arbitrary. We consider a number around 40 percent to be more appropriate given the economics in the industry.