| Actually, I did not try to make a case, I just ticked it off as a proposed factor. I discussed it earlier with, I believe, Papaya King, but not today. The reason I thought it might be current was the earnings projection. I think it is in the background because it penalized success, and made it possible to imagine that buy- ups, merges, and strategic alliances might one day be held against you in court, even though they are normal ways of stabilizing markets. I happen to know that among content providers like Westgroup, Thomson, Elsevier, and others, there has been a lot of reconfiguration along those lines. Thus, I speculated that it was a background unease that might explain this years volatility, in part......... |
