""""I think if RCL management likes it, I like it. The key to the [press] release [regarding RCL's new Alaska company] is that it will improve yields. This is key for us. I think that RCL recognizes the potential of the Alaskan market which it does not at present dominate - both CCL and P&O dominate at present. RCL is really strong in the Caribbean and it has strong tour revenues from this market and hence they must realize that there is potential in the Alaskan market. NOTE: I think RCL is doing this because while they have 4 ships in Alaska now, chances are they will have 5 or 6 by 2002 and chances are one will be an EAGLE class ship - YES AN EAGLE SHIP. Thus major pax in Alaska means we need major tours. And if you have the coolest ship in Alaska - you must have the coolest tours as well. RCL will dominate as it has new ideas and its tours will sound more exciting - just like its ships presently do. Also, older folks like Alaska and hence, this baby booming market will keep the demand for Alaska strong and hence more Celebrity ships will be deployed in Alaska. The demand is there and RCL knows it. I think we will see the effect of this new CO. (Royal Celebrity Tours) on EPS of at least a few cents by end of 2001 and at least twice that by 2002. I cant guess numbers here because that would not be fair to you or others reading this post as I really have no idea what the effect on earnings is, but in my opinion, earnings arent the key here, the key here is that RCL is growing and wants to lead in each market it enters... I think this just adds fuel to the competition between HAL and Celebrity and RCI and Carnival. I dont think CCL fears anyone but RCL. P & O cant get its Grand class ships out fast enough and NCL/Star is even farther behind. Only RCL has the "vision" and the management and the innovation and a "newbuilding" team to lead this industry. But note while RCL may lead this industry in innovation and growth, CCL clearly leads in financial strength and pax carried... But who knows how long that will last with 5 EAGLE ships added to the RCL fleet by 2003. This is the equivalent of 10 Vision class ships in both earnings and revenues..."""