In Europe, we are seeing continuing strength in the SC market, primarily driven the wireless communications but also a strong showing in the automotive sector. Although, the recent slowing in Asian economies is expected to have an impact, the outlook remains positive for longer term growth in semiconductors. TI, as well as other companies, are approaching this in a sensible way. We are in a watch mode in the Asian Pacific region. We are still seeing a continuation of strong growth in greater China - China, Taiwan and Hong Kong.
Japan is a weak spot in the SC market.
Slow domestic growth and a higher dependence on exports into Asia Pacific drive it's growth rate down. In DRAMs, the story continues to be the same as it has been for the last 18 months. Continued pricing pressure combined with incredible bit growth. The industry average unit price per megabit fell 48 percent from the fourth quarter of '96 to the fourth quarter of '97. In recent weeks, we have seen the market fall slightly from February numbers but still higher than January figures.