Futher, we see no sign that the search gains Microsoft is crowing about are coming from anything other than overpriced toolbar and other distribution deals that no one else in the industry is dumb enough to pay up for. We think Microsoft will never get anywhere near the DIRECT search share that it needs to build a big profitable search business, and we expect that Microsoft or its shareholders will eventually realize that and exit the business--either by spinning Bing off or by just shutting it down.