At this point we aren't finding many that fit our investment criteria. The few that do have high share prices. A lot of them are strapped for cash, making it very difficult for them to move up the value-added chain. There are not many listed tech companies in southeast Asia, which means there are not many that can access the capital to compete. Most of our exposure is in Japan, Taiwan and Korea.
Japan has numerous large and well-diversified technology companies.
We are investing in those that target particular sub-sectors, rather than in the Matsushitas of the world. Diversified companies don't fully benefit when particular sub-sectors of technology are doing well. We have invested in companies like NTT Data, in data communications, and Keyence, in industrial electronics. We also bought Sony, a major beneficiary of currency depreciation. Describe how Sony benefits from the currency crisis.