When things change very rapidly we have a fiduciary responsibility to review what are the circumstances.

We still cannot predict the bottom with utmost confidence, although cancellations of customer orders have declined significantly.

We do not believe that September was the bottom, but December or March may be. We recognize that carrier capital spending is forecasted to decline, but given our discussions with customers regarding their plans for new product launches and continued inventory reductions, we believe that December or March can represent the low point of the industry downturn.

At this stage of discussion ... we prefer not to get in a legal action.

I have done my best to fulfil my responsibility to him and to the party in circumstances which were difficult for everyone ... It has been an enormously difficult time and there have been huge conflicts of loyalty. We have to accept the sincerity of intention of people in what it was they tried to do.

Not to wish too hard for a shift in circumstances since it never happens as you imagine.