Thank you, Madam Chair.
Good morning, Commissioner, and thank you for your appearance here today. I think you're helping to open the windows for us in understanding what you're dealing with every day. Obviously your life has become a lot more complex in the past couple of years.
I would like to understand, though, the IBM report. I don't know how active this report is in your day-to-day planning. I take it that it's an important part of what you're doing today. Is this for projections, etc., and dealing with some reductions?
I looked at the 2010-11 inventory you referred to with a total inventory at year-end of 1,853, projected to be 2,153 in 2011-12 . What is your actual number? Do you know where you are today in terms of real numbers and dealing with those projections?