The markets in which we invest change rapidly as either new technologies emerge or as current applications evolve to give rise to entirely new market segments. We are most interested in very fast growing emerging markets, where we can invest in a company that can achieve dominance of its market segment. We are also interested in new products and services that address very large existing markets where we can invest in companies that are taking market share away from established players. While we realize that we will continue to see new opportunities unknown to us now, the following are some examples of the areas of investment interest we see today:

• Internet applications, and services (especially those embracing Viral Marketing)
• Wireless telecommunications
• Voice Over Internet Protocol applications
• Intranet applications (front office and back office automation)
• Broadband services and on-demand entertainment
• Semiconductor designs (RFIC and others with high IP value)
• Life sciences
• Medical devices
• Energy efficiency and conservation
  

No list could be exhaustive; we like to keep an open mind and consider unique opportunities. In general, we look for high gross-margin businesses in large markets, not narrow niches. We are looking for entrepreneurs who want to change the world. Our focus is on high-growth technology markets where the pace of innovation and change is accelerating, and within which new start-up companies can thrive. Furthermore, as the markets for technology products and services become increasingly global and therefore increasingly large, the potential for building large, highly valuable enterprises increases. Our ongoing task continues to be to find and invest in the start-ups that we can help turn into the major technology companies of the future.