Hi Mark, I would disagree with a few points that you make. First and foremost, in the highly competitive telecom marketplace, companies have to be agile and seek any economies of scale they can get. Labor here (for commoditized products) is still more expensive than elsewhere in the world. Even American companies are realizing that in order to compete against the Huaweis of the world, you have to partner, OEM, etc. - and sometimes even seek cheaper manufacturing elsewhere. Nortel is becoming no less Canadian than other vendors such as Lucent are becoming American. Second, as far as high tech skilled workers, we are still better bang-for-the-buck than American engineers from Silicon Valley, although that bubble has burst somewhat. But the point is, they still command a better premium, so you won't see a major shift in R&D happening (other than what already did happen in the past, with NT R&D centers in Mission Park, Richardson and RTP). Thirdly, the PEC acquisition strategy was to create a wholly owned subsidiary (Nortel PEC Solutions) that can be American based and be in a position to bid in all US government contracts, including those of a sensitive nature (defense). So yes, that subsidiary is American (as it has to be). But from there to making the whole company American, that's a bit of a stretch, wouldn't you think so? Of course, on the other hand you make a few valid points in terms of top level management being American or based in the US. But I do not see the top brass thinking that the Nortel Canadian origin is a "bad" card to play.