Gentlemen, thank you for appearing before the committee. We need some clarification and I'm going to afford he you the opportunity to give it to us in a moment.
In his presentation, the president and co-chief executive officer of Research in Motion was quite tough. I'm going to quote two sentences: Suffice to say that Nortel failed to bargain in good faith and failed to honour promises made to RIM on many occasions. Without regard for these promises Nortel made deals with Nokia Siemens Networks, and then with Ericsson, that rendered Nortel's assets in LTE of limited value [...]
We're told this is a process in which the assets go to the highest bidder. The president and co-chief executive officer of Research in Motion tells us that negotiations might have reduced the value. Is that true? How do you see that?