"Thank you Charlie, good morning everyone. First of all I'd like to thank everyone for their patience, we understand that we have not been as accessible as usual over the last weeks for your media questions. For this global announcement you can imagine that there are many different logistics to coordinate, we couldn't answer any inquiries since we needed to be sensitive to our staff, partners and retailers and vendors and get in sync on a global level. Sega is announcing a dramatic change within this industry today. I plan to walk you through our new company strategy this morning and outline exactly what that means to the industry, consumers, retailers and all of our partners. As you all know, a major driving force for Sega globally has been the path to profitability. With years of continued losses, Sega is today announcing a new focus, one directed towards its core competency: game content and also radical new plans to reach the path to profitability as quickly as possible. We are happy to announce today that Sega will follow a three-pronged approach . One: Sega will become a platform agnostic third party publisher. Two: Sega will become an architecture provider and licensor of the Dreamcast technology to a range of devices, including for example, the recently announced set-top box product from PaceMicro Technology, Europe's largest digital set-tops box manufacturer. Sega will also be taking advantage of difference publishing channels to deliver Sega games to new handheld devices, including Palm Handheld Computers and Motorola cellular phones. And three: Sega will focus on its network strengths to bring online gaming to a variety of devices with a goal of becoming a leading network entertainment company."