Is there a reason why Graphics.COLOR_TRANSPARENT does not match the background?

I use Graphics.COLOR_TRANSPARENT as the background color for my text so as to match the background of the watch face. I find now that it provides just a white background... this can be easily seen with the Analog sample provided with the sdk.

Sample text below

//Use white to draw the hour and minute hands
targetDc.setColor(Graphics.COLOR_WHITE, Graphics.COLOR_TRANSPARENT);

Output is as follows 

Suggestions?

Jeff