text: As previously announced, the Company completed the sale of our cellular partnership interest on February 28, 2003. 
  While our participation in cellular, a subset of the wireless industry, had been very profitable, competitive pressures in the 
  wireless industry were having an increasing impact. We had already lost half of our customers, and growth in revenues 
  and profits had begun to slow. Exiting the cellular segment through the sale allows the Company to focus on our 
  significantly larger digital PCS operation. It also made available a large source of cash to finance our other operating 
  needs and future growth opportunities. 
  
  Our wireless priorities are now focused on improving results within our PCS operation. After many years of multiple- 
  million dollar losses, our PCS business produced a slight profit in 2003. While many non-recurring factors contributed to 
  this small profit, the basic operating results within this subsidiary showed significant improvement during 2003. PCS 
  revenues grew 20.8 percent to a total of $67.0 million. Operating income in this subsidiary was $2.9 million, an $8.2 
  million change from the previous year's loss. Despite these improvements, we still have a long way to go before we are 
  earning a satisfactory return on our investment. 