New businesses have strong potential for growth.
After a series of new investments and significant acquisitions, we are now concentrating our effort on strengthening our core competencies and meeting the strong demand for our core products so that the group is well poised for growth in the long term. The component shortages are affecting the whole industry. We continue to experience strong demand for our products and there are signs that the shortages have begun to ease. In June 2000, VTech announced the acquisition of Sensei Ltd, an UK-based specialist designer and developer of mobile phones. It is one of the world's smallest and lightest GSM dual band phones, and features one of the largest displays in its class.