tim culpan joining us from taipei. this cut seems sudden. what is going on at htc? ou're right, it was laid on friday. in some respects, people can say they expected it. -- i t was late on friday. things have not been good at htc for a while. shares have been falling, and in fact, many small investors are faced -- the chairwoman last tuesday at their annual general meeting and were very unhappy or she apologized at the time and said she is looking to turn things around. writing off 2.9 billion taiwan dollars of assets is not the best way to turn things around, but it may be the first step to doing so. let's put that in context. 2.9 billion taiwan dollars is double the amount of net income they produced all of last year and the year before that. they had a loss. it is going to be next to impossible amid declining sales this year for them to post net income. many analysts with reports coming out in the last few days are also saying that a prophet next year is also looking very unlikely. and the shares down basically the maximum. they probably will fall in the next few