The acquisitions and investments we've made over the last year will transform AT&T from a company dominated by a single product line -- long-distance voice - into the leader in a new generation of advanced communications, information and video services.
We set out to transform this company from a point-to-point long-distance company. The results today are strong. They need to be better, and they will be. But it's now time to recognize the value creation phase of our strategy.