We are rather late on the 4Q07 update. So I will keep it very brief. IPTV Set-Top boxes are the main revenue generators in IPTV equipment segment. 1.8 million IP STBs shipped in 4Q07 generated an estimated $202 million in revenues. Motorola leads. Other significant market leaders were Amino and Sagem.

IP STB generates more than the combined revenues of IPTV middleware-security-encoder-vod, all put together. So if you have connections in Taiwan and China, that is where most of the STB manufacturing action is talking place.