fido, the following is a paragraph taken from a broker note probably issued soon after the PSG takeover, 'Although there are many electronics manufacturers making 'fringe' and low end products, especially of the 'bugging' variety, competition in the serious part of the industry comes mainly from one large company in the USA, two in Continental Europe, and two in Russia, as well as from one other of about Audiotel's size (datong) in Leeds. With technology a major factor however, Audiotel reckons to be in the forefront - as witnessed by major contracts being won overseas - and its products do not compete head-on with those of Datong. Only one other of these competitors operates in both markets like Audiotel.'