Due primarily to continued robust demand from our customers, our fourth quarter business exceeded our previous guidance. Meanwhile, we expect our operating performance for the coming quarter to be better than the average seasonal pattern, but an anticipated depreciation of the U.S. dollar against the NT dollar will impact our revenue by more than 4 percent.

Other than seasonal weakness, the New Taiwan dollar's recent appreciation is expected to cost TSMC 4 percent of its sales in the current quarter.

The first quarter was better because of better-than-expected extra demand for personal computers.