FMCN has long term contracts for many of the hot spots for its frames and display terminals. They are low tech/low cost, high margin, and fast growing. FMCN is very difficult to displace -- put it simple (not like those on the Internet). I think they picked the wrong company this time. Good try by Block and failed last time, now Chanos. I would buy a bunch on the dip. Nothing beats this one in China.