position.
money in research, or we can put it in something else. now, explain to me how putting the money in research is an investment?"
we tell them, "you are going to get a lot of money back; all the studies show that." they say, "gee, that is really nice, and when do we get this back?" we say, "well, in 20 years, give or take a bit." they say, "that does not sound so good." then they ask, "who gets the money back?'' and we are forced to admit, "well, probably not you." those are the facts. you cannot get around them.
from the standpoint of at&t, two threats—one from outside and 