What will be the defining MA trend this year
Everyone has been very negative about what happened last year versus the year before. You hear the business was down 40%. I don't think we have that in Asia. I think we have a developing business. Yes, you can run the numbers and say the business dropped that much, but if you take out two transactions - PCCW and China Mobile - which were unusual transactions, we really didn' t fall that much. Why is that because we have a lot of developing trends going on. We have continuing domestic consolidation, and once countries have forged one or two strong companies in a sector, those...
