We had a strong first quarter with results significantly improved from the previous quarter, reflecting robust demand and continued firm prices across all business units.

I don't think they're less cautious. But they've just understood that they can sell more. There's just continued strong demand for homes, and the builders are trying to build homes that will sell.

Alcatel has continued to deliver strong quarter-over-quarter results for its IP portfolio, translating into excellent momentum in market share. According to our data, this is the fastest ramp in market share in routing history, which is remarkable. The service provider edge is a very dynamic space. The growth is greatest in the edge because this is where all the service innovation is occurring in order to satisfy the demand for new applications like IPTV. This is why Alcatel's service routing IP portfolio has hit such a sweet spot.

There's a very strong sense of urgency to show improved results now.

We are extremely pleased with our strong first quarter results, which reflect our continuing transformation from a carrier's carrier to a value-added telecommunication services provider.

We are extremely pleased with our strong first quarter results, which reflect our continuing transformation from a carrier's carrier to a value-added telecommunication services provider,