Would you begin with a brief historical sketch of Vyyo and a picture of the current corporate strategy?
Mr. Kohavi: Vyyo is a leading provider of broadband wireless systems. Vyyo provides IP voice and data, as well as circuit-switched voice broadband capabilities to operators who, in turn, provide services to subscribers, mostly on the business side. Vyyo’s focus is on the Chinese markets, and Vyyo is working with various system integrators and operators such as China Netcom, China Mobile, China Unicom and others. There is a very exciting opportunity right now in China because the government is in the process of releasing a significant number of 3.5GHz frequency licenses to telecommunication operators for broadband deployments, and Vyyo is one of only a handful of companies that are very well positioned to deploy equipment into that market. TWST: Do you feel you have a competitive advantage over the others? Mr. Kohavi: We believe that we are one of the leaders in this market. Vyyo today employs 12 people in its Beijing office and the company is very focused on China. In the last two year
