11.   And Smart Money is bullish on the cable industry.

12.   And mergers in the cable industry are reducing the field to a dwindling number of big players.

13.   And the cable industry is already readying its cudgels.

14.   And soon, perhaps even later this year, the cable industry plans to allow consumer electronics companies to produce set-top boxes under their own names.

15.   And though the cable industry has lost its appeal for Wall Street, some analysts say that the telephone companies might still be potential buyers.

16.   And they point to their stellar record of customer service, which happens to be the Achilles heel of the cable industry.

17.   And, thus far, the cable industry has been unable to do much about it.

18.   Arum, with every moneyed reason to squawk about piracy, chastised the cable industry at a conference two weeks ago for doing little to protect his take.

19.   As a result, the cable industry often mounts its own investigations and seeks civil remedies.

20.   As with its previous great hopes, however, the cable industry faces hurdles in turning data transmission into a big business.