Thanks Laura: exciting times.. 8-)

I just wanted to point out that, as noted by the Chetan Sharma 1H 2009 reference, while apparently the combined US data revenue finally inched by Japan this year - the 'fun' has really just begun!

Digging a bit deeper into that comparison, one should consider that the US market has over 2x the subscriber base - And - Japanese operators only charge fractions of a penny per text message. Simply put, there is still plenty of room for improvement going forward.

From our experience, being based in Tokyo over the last 8-yrs, the spike will come along with a healthy balance of: massive 3G network user adoption, reasonable flat rate data plan pricing and a fair revenue share - therefore compelling inventory selection - with mobile content, application and service providers.

Certainly there seems to be merit for strong growth in the US, at the same time Japan will continue to serve as the benchmark and innovation lab for next-gen. networks, with increasingly advanced service offerings, in the post 3G world. This presentation by Mary Meeker from Morgan Stanley at the recent Web 2.0 Summit has several interesting slides to that effect:
http://www.morganstanley.com/institutional/techresearch/pdfs/MS_Economy_...

Cheers,

Lars

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