All Patrick employees who went to Pacific National when the joint venture was formed in 2002 were required to resign from Patrick and did not receive further options from Patrick,

Originally Toll wanted to buy that through Pacific National,

There's a risk I suppose that Pacific National is broken up and that's a route that seems inevitable,

There's a risk I suppose that Pacific National is broken up, and that's a route that seems inevitable.

When the joint venture was formed in 2003, we had three key objectives: First, to establish a substantial presence in China, the world's fastest growing market; second, to create a resource capable of building enterprise-class, cutting-edge switching and routing products faster than we could deliver on our own; and third, to capitalize on a rapidly growing pool of engineering talent. We are extremely pleased with Huawei-3Com's performance, and its potential for continued growth.

I'm pleased that we have been able to achieve this result for Patrick shareholders who may now choose to share in the benefits of the merged Toll and Patrick businesses.