This morning I will review recent Sales and Market developments for each principal laser type and application market, and then discuss the projections in most of the major markets looking ahead through the end of 1988. In each of these major areas, there will be more elaborate data and analysis presented by the speakers who are specialists and industry leaders in each of these fields. My presentation is primarily based on the reports that you have in hand, or are available to you at the table outside. That is to say the annual economic review and outlook that appears in the January issue of Laser Report and in more summary form in Laser Focus that was prepared by our business editor, David Kales, who will be speaking later on a related subject. So, much of what I have to say is based on the methodology that we have traditionally used through the years in the annual Laser Focus and Laser Report reviews, which is to go to the primary manufacturers and suppliers and interrogate them as to their own sales and their own projections of the worldwide market in each of the principal areas of laser devices and markets; to compare that against other extant reports that are available, and try to achieve a maximum of self-consistency within all the pieces of data that we have available to us. Obviously the optimal way to do this would be to go to every consumer of laser devices, but unfortunately, by the time such data were available, the market would have probably passed by by about eight years.