We were expecting to have a 5% or 10% growth in the industry, and overnight it went into a 20% decline. There was a very significant shift in telecom, in the communications industry. So any plan that was presented at that point in time, including internally, could have been viewed with lots of skepticism, if you will. So it's whether you can have a viable, guaranteed plan in the fourth quarter of 2008 when the industry came down 30% in revenues from where it was supposed to be. Arguments have been made by many that it was very difficult to have a 100% secured plan for Nortel for the future.
On June 18th, 2009. See this statement in context.