A document maintained by the Federal Networking Council notes that "Internet2 would solve the current "chicken-and-egg" problem, where the telecommunications companies are reluctant to invest in the next generation of network technology until there is a critical mass of potential users." In late February, the University Corporation for Advanced Internet Development reported that over 120 universities had signed onto the project. With the assurances that the Net could support more sophisticated means of information production and distribution, it is likely that those universities, and others that will follow, could increase the profitability of those new applications.