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"A few conclusions and a great deal of speculation," Uaaria demurred. "I will let my colleague here state our first conclusion, as it was he who arrived at it."

"Before we left Alpha Centauri last May," Amos Chung began, "I got Admiral LeBlanc to copy me the data by which his Lieutenant Sanders had inferred the existence of five Bug 'home hives.' Based on the observations and sensor information we recorded during the engagement, I'm prepared to state that the system we attacked was Home Hive Three."

Prescott and Zhaarnak exchanged glances. Chung's announcement had the same kind of resonance as Sanders' briefing at Alpha Centauri: it imposed at least the beginnings of form on the threat they faced.

"We are not," Chung went on, "in a position as yet to place Home Hive Three in any larger context, as we have no idea where it lies in relation to any other Bug system-"

"Naturally," Zhaarnak said, and it was Prescott's turn to nod agreement. Not a single scrap of Bug navigational data had been captured in the entire war. Or, more accurately, tonnes of it might have been captured, but no one had any way to know.

"-but I've run a cost analysis of the defenses we encountered there. You may find the results informative."

"A 'cost analysis'?" Even someone far less familiar with the Tongue of Tongues than Prescott could have read the incredulity in Zhaarnak's voice. "How was this possible?"

"The energy-emission readings allowed us to estimate the system's total economic output. And by analogizing to our own defensive installations, we can estimate how much of such output is required to maintain them. Admittedly, this is a case of estimate piled atop estimate. But if our figures are at all valid-and we believe they are-the defenses were strangely light for the system they were protecting."

Both admirals sat up straight.

"Light?" Prescott echoed. He recalled that mastodonic space station. "Surely that can't be right!"

Chung read the admiral's thoughts.

"Yes, Sir, I know. That space station at Planet I was huge, and they had another one like it at Planet II. And I don't like to think about the firepower those orbital fortresses could have put out if we hadn't caught them flat footed." The spook visibly braced himself against an anticipated blast of high-ranking skepticism. "Nevertheless, if our assumptions are correct, the maintenance costs of those defenses amounted to only about forty-eight percent of the gross system product."

"That sounds like quite a lot," Prescott observed mildly, understating the case by several orders of magnitude. He tried to imagine the reaction of certain human politicians to a proposal to spend that much on orbital defenses. The perfect crime, an inner imp whispered. Give 'em all heart failure and then laugh like Hell. . . .

"On the face of it, Sir, perhaps. But the corresponding percentages for Sol, Alpha Centauri, Valkha'zeeranda, and Gormus are much higher. The figures are available for your perusal."

"Well, of course," Zhaarnak interjected. "After all, those systems are-"

The Orion stopped abruptly as understanding dawned, some fraction of a second after it had dawned on Prescott, and Chung nodded, recognizing that they'd grasped the point.

"Yes. Those systems can't be considered in isolation. They draw on other systems-many other systems. They're the capitals of interstellar polities, except for Alpha Centauri, whose unique strategic importance lifts it into the same class: systems which must be protected at any cost, including the diversion of resources from elsewhere. But . . . if our assumptions are even close to right, that's precisely the status the 'home hive' systems ought to hold among the Bugs! They shouldn't have to rely solely on their own resources, either."

"All right, Commander," Prescott acknowledged. "You've made your point. Home Hive Three wasn't as heavily defended as it should have been. Do you have a theory to account for this?"

"The majority view among the intelligence community here," Chung answered obliquely, "is that it's a matter of resource allocation. The Bugs skimp on static defenses in order to build the biggest mobile fleet possible."

"There is historical precedent for that," Zhaarnak remarked to Prescott. "The Rigelians had similar priorities."

"And," Prescott ruminated, "it would help account for the size of the mobile fleets they've kept throwing at us. And for the fact that those fleets have taken terrific losses without batting an eyelash-or whatever their equivalent is." He nodded to Chung. "Yes, Amos, your theory seems to make sense."

"Excuse me, Sir." Chung was all diffidence. "I didn't say it's my theory."

"But didn't I understand you to say that it's the consensus of the sp-of the intelligence community?"

"It is, Sir. But I don't happen to agree with it."

"So," Zhaarnak inquired, "only you are right, then?"

Uaaria's eyes met those of the Ninety-first Small Fang of the Khan unflinchingly.

"Not only him, Sir. I share his view," she said, and Prescott's lips gave a quirk too brief to be called a smile.

"I begin to understand why you two asked for a private meeting. All right, talk to us," he ordered, and Uaaria leaned forward earnestly.

"It is our considered judgment that the Bahgs did not draw on more outside resources for the defense of Home Hive Three-and, presumably, the other home hive systems, as well-because they do not have such resources."

Zhaarnak recovered first.

"In light of the resources we have watched the Bahgs expend without apparently so much as flinching over the past few years, Small Claw, I suggest that you have a bit of explaining to do."

"Certainly, Sir." Uaaria seemed to gather her thoughts. "To begin, let me cite two facts we observed in Home Hive Three. First, the incredible population densities on the two habitable planets. Second, the total absence of energy emissions or other indications of any Bahg presence elsewhere in the system. There were no orbital habitats, no hostile environment colonies on any moons or asteroids."

She paused expectantly.

"Well, yes," Prescott said. "That's undeniable enough. Although . . ."

"Although the precise relevance is not yet apparent," Zhaarnak finished for him, just a bit more tartly, and Uaaria gave an ear flick of acknowledgment.

"I believe that the relevance will become apparent, Small Fang. Taken together, these two facts indicate that the Bahgs are interested only in life-bearing planets of the same kind favored by both our species, and that they are willing to accept what we Zheeerlikou'valkhannaiee, or even Humans, would consider obscene overcrowding of such planets. Admittedly, we cannot begin to estimate how many such planets they have thus packed with their species. But as Ahhdmiraaaal LeBlaaanc and his subordinate Saaanderzzz have deduced, the existence of five sub-types within their ship classes, distinguished by differences in construction technique as marked as those between two closely associated races-Humans and Ophiuchi, let us say-implies the existence of five distinct subgroups among the Bahgs, each with its own identity."

"I think I see where this is leading," Prescott interjected. "But please continue."

"It seems to us, given the Bahgs' apparent propensity for overcrowding any available life-bearing planet to the limits of its capacity before considering expansion, that each of these five subgroups occupies no more than a few densely populated systems like Home Hive Three."

Chung could restrain himself no longer.

"Which means that, contrary to what we've been assuming all along, the Bugs don't have a far-flung interstellar imperium like the Federation or the Khanate. If Home Hive Three, say, was the nodal system of a sub-empire with anything like the number of sparsely settled colonial systems we have for each nodal system, they'd've drawn on the resources of those colonies and built really scary defenses for it."