Hydrogen may well be one of the leading technology growth areas in the state.

Many of the leading technology companies have shown solid sales and earnings growth since the economy began to improve in late 2001. While technology earnings have continued to grow and the stocks have remained flat or even dropped, we believe the prices of many of these companies are more attractive than we have seen in a long time.

We feel it is important to provide this technology to maintain our position as the world's leading international financial centre. We are responding to the increasing time pressures faced by City workers by providing the technology for them to stay up to date.

We have a situation where there is a nice point of entry on a stock that has the leading technology in stationary fuel cells.

By combining our advanced set-top box components with our market-leading PC video technology, we provide a complete system solution for PC television applications. This integrated reference platform solution allows manufacturers to significantly reduce their product development time and capitalize on early market opportunities in this rapidly growing industry segment.

Over the last few years, BTO has emerged as an important growth engine at the leading edge of our BPTS strategy.