Suppose that n persons each know a different piece of information, and that, whenever a pair of them talk on the telephone, each tells the other all the information he knows at that time. If the calls are made at random, we show that the expected number of calls required for everyone to know all n pieces of information is asymptotically 1.5 n log n + O(n). This sharpens an earlier result of D. W. Boyd and J. M. Steele. Some numerical comparisons are given.