Question-and-Answer Session
Operator
Thank you sir.
[OPERATOR INSTRUCTIONS].
The first question comes from Mr. Bram Cornelisse from Merrill Lynch. Please state your company name followed by your question.
Bram Cornelisse - Merrill Lynch - Analyst
Hi, good morning. Yes, that's Merrill Lynch. I was wondering if you can update us a bit more on MedQuist, because I think in the last quarter conference call an expectation was raised that maybe more was known in Q3 as to what the total costs were going to be and how long the sale would take. Can you just update us on that please?
Pierre-Jean Sivignon - Royal Philips Electronics - CFO
Yes. Good morning Bram. I think what I can say on MedQuist is that we are continuing to make some progress. Actually more customers have been talked to. Some agreements have been reached. But the end result is that it's too early to say more, beyond the fact that we continue to make progress. On this particular quarter, I would say that MedQuist is impacting us to the tune of 13m, which is not obviously good news. But the good news is that we are continuing to make some progress. I can't really say much more beside the fact that we are making progress, Bram.
Bram Cornelisse - Merrill Lynch - Analyst
Okay, and just one more question please on other activities. It seems to me that the progress there has been a bit slower than expected. I was wondering if you feel the same way, and if you can talk to us why nothing has been announced yet on Mobile Display Systems and Optical Storage, please?
Pierre-Jean Sivignon - Royal Philips Electronics - CFO
Why? Well, actually I think to be -- to give you my opinion, it's always a little slow. Actually these are businesses on which decisions have been made strategically a while ago. So by definition it's going to be too slow. I think on this particular quarter, yes, we were indeed hoping to announce a few things. Nothing is lost. I think we are still working on those projects. Actually we have a couple of projects which go beyond the two particular that you mention, which is MDS and POS. We have a couple of others which are boiling, and we hope to be able to announce something in the coming months. So yes, it's too slow but I think we making progress on all accounts.
Bram Cornelisse - Merrill Lynch - Analyst
- Source: Royal Philips Electronics’ web site.
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