[Yorkie]

We have done a few over the years and I agree with a lot of what you say. I have seen successful mergers when the market is fragmented with lots of small players and the combination of a few can create scope and scale. I've been involved with mergers where you are really just buying the technology and as long as you can hold on to the brains long enough to absorb their knowledge you are going to be OK. I've also seen your #4 and again you are right. Its super tough to change cultures of two similar sized companies so they operate as one. There is never a merger of equals so the resentment lingers until you can cut out the malcontents. M&A is tough to get right.