Ann: AGM Chairman's address, page-8

The thing I liked the most was Richard's comments, although we know Richard was very bullish from the EMC days and gets a little excited.

Specifically, he said that the Three Gorges and China Railway partnerships could be as big or significantly bigger than the existing partnerships. I would think there is some logic to this assertion, rather than baseless ramping.

The other point I picked up was around Middle East partnerships. I think he may have dropped a hint of a future deal saying it is "very likely" we will have a partnership there. I didn't think to look at the reaction of other members when he mentioned this but I believe he is hinting at a partnership in the Middle East that will materialise soon.