Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-26

I dont think EM was a first choice.

When the EM decision was taken they could not get time in fabs, period. The key fabs you speak of were talking 18 months thus stalling the project.

I get your point around the CCP and China business but the one thing they value is money, so if this works then that will flow. AKP have protected IP and software so the relationship is symbiotic. One does mot exist without the other in one piece.

Your thesis also involves AKP management being wet behind the ears which i do not agree with.

Agreed not ideal, but look at some of the solutions we have seen emerge over the past 18 months. I believe EM are now integral to our success.