MICROSOFT MEDIA EMBLAZED

Arty,

Ones appreciation of where we are and where we are going depends much on whether your seat is facing forwards or backwards in the carriage.

M5 & M6 were never going to go anywhere when produced in limited numbers by a niche contract manufacturer at prohibitive costs. The purchase of the Innostream production capacity and 'know how' is the most sensible move the company made (short of raising capital at £17 a share).

If one now looks at the business model:

Handset Design in place: Yes (previous & new)
Testing: Yes (innostream platform has been tested in the marketplace)
Production: Manufacturing facility in Korea - additional agreements for production in China.
Distribution: Contracts and Investment in European Distribution Channel
Customers: Virgin UK (and existing innostream APAC customers)
Business Objective: To bring more models to the European market and develop market and margin.

The building blocks are now in place.

M