Our filings may also be read and copied at the SEC’s  Public Reference Room at 450 Fifth Street, NW, Wash- ington, DC 20549. Information on the operation of the  Public Reference Room may be obtained by calling the  SEC at 1-800-SEC-0330. The SEC also maintains an  Internet site that contains reports, proxy and informa- tion statements, and other information regarding issuers  that file electronically with the SEC. The address of that  site is www.sec.gov. On October 22, 2004, the President of the United  States signed the American Jobs Creation Act (AJCA)  into law. Originally intended to repeal the extraterrito- rial income (ETI) exclusion, which had triggered tariffs  by the European Union, the AJCA expanded to cover a  wide range of business tax issues. Among other items,  the AJCA establishes a phased repeal of the ETI, a new  incentive tax deduction for U.S. corporations to repatri- ate cash from foreign subsidiaries at a reduced tax rate  (a deduction equal to 85% of cash dividends received in  the year elected that exceeds a base-period amount) and  significantly revises the taxation of U.S. companies do- ing business abroad. To support our global customer-base, particularly in  Asia and Europe, our website is language-selectable into  English, Chinese, Japanese, Korean and German, giving  us an effective marketing tool for worldwide markets.  With its extensive online Product (Parametric) Catalog  with advanced search capabilities, our website facilitates  quick and easy product selection. Our website provides  easy access to worldwide sales contacts and customer  support, and incorporates a distributor-inventory check  to provide component inventory availability and a small  order desk for overnight sample fulfillment. Our website  also provides access to current and complete investor finan- cial information and corporate governance information  including our Code of Business Conduct, SEC filings  and press releases, as well as stock quotes. At December 31, 2004, the Company made a mini- mum estimate for repatriating cash from its subsidiar- ies in China and Hong Kong of $8.0 million under the  AJCA, and recorded an income tax expense of approxi- mately $1.3 million. Under the guidelines of the AJCA,  the Company will develop a required domestic reinvest- ment plan, covering items such as U.S. bank debt repay- ment, U.S. capital expenditures and U.S. research and  development activities, among others, to cover the $8.0  million minimum dividend repatriation. In addition,  the Company will complete a quantitative analysis of the  benefits of the AJCA, the foreign tax credit implications,  and state and local tax consequences of a dividend to  maximize the tax benefits of a 2005 dividend. The preparation of financial statements in accordance  with accounting principles generally accepted in the  United States of America requires management to  make estimates and assumptions that affect the reported  amounts of assets and liabilities and disclosure of con- tingent assets and liabilities at the date of the financial  statements and the reported amounts of revenues and  expenses during the reporting period. On an on-going  basis, we evaluate our estimates, including those related  to revenue recognition, allowance for doubtful accounts,  inventory reserves and income taxes, among others. Our  estimates are based upon historical experiences, market  trends and financial forecasts and projections, and upon  various other assumptions that management believes to  be reasonable under the circumstances and at that cer- tain point in time. Actual results may differ, significantly  at times, from these estimates under different assump- tions or conditions. Our website address is http://www.diodes.com. We  make available, free of charge through our website,  our Annual Reports on Form 10-K, Quarterly Reports  on Form 10-Q, Current Reports on Form 8-K, Proxy  Statements, and amendments to those reports filed or  furnished pursuant to Section 13(a) or 15(d) of the Ex- change Act as soon as reasonably practicable after such  material is electronically filed with or furnished to the  Securities and Exchange Commission (“the SEC”).  Critical Accounting Policies and Estimates Available Information 18 Diodes Incorporated and Subsidiaries management ’ s discussion and analysis of financial condition  and results of operations