seven to launch tivo, page-6

Well rather than speculate on new market opportunities, I'd rather see ENG make their current land based VOIP commercially viable.

It would certainly be strange for channel 7 to buy in the way they have, then underwrite the capital raising, if they had no plans - so I agree there is a place for ENG in 7's future plans. But to be dependent on a third party decision isn't the best place to be in for shareholders.

Would it not make more sense to see a take over bid from 7, before any real movement in SP (if that's how things were going to play out?). This way 7 could retain all the profits - I don't expect it would cost much for them to launch a take over.