At the time of our last earnings call, we estimated industry numbers to be lightly up against last year given the introduction of two new platforms. It now appears that the overall market will be down in the double digits. The demand curve has shifted abruptly.
Calendar 2006 will be a year of investment ahead of revenues. Our resources will be focused on next-generation software and the global expansion of our online and mobile businesses.
In addition we expect to end the year with roughly $1 billion in cash,
EA was the number one publisher on PS2, Xbox, and PC in North America and in Europe. Specifically on the PSP we ended the year with 31 percent revenue share in North America and we estimate 25 percent in Europe.
We expect our U.S. Books, Music and DVD/Video segment to be profitable on a pro forma operating basis for the full year 2000,