1) Interested to see if there`s enough in the terms to push a little dividend cash our ways...we may, or may not find out...if so, does this give away our negotiating position on others in the Que?...possibly the reason behind the milquetoast announcement.

2) Lack of Hoffman fanfare surrounding this announcement...meh, I`m not going to read much into it - Apparently Leck/Pohl don`t want them turned on...just yet...different strategy afoot?

3) This was low-key...too low key for the market, apparently. F`em, greedy b@st*rds. It`s not a sprint, it`s a marathon. Good for Pohl if there`s enough in the kitty to make a 2-5% (buyback) dent if at some later point. Current SP good for perceptive longs who want time to scrape a few more shares into their holdings (Way to go, Ads)

4) Strategically, we needed to have (Sony) this happen. Any type of STI mutiny to negotiations reduced. One more major pillar to walk into court with, if we need to. One more quality customer - We`re that much stronger strategically. Psychological belittling to the J3 when ANOTHER industry kingpin has acquiesed, regardless of the price.

Determine the value to TPL/PTSC to have this one more ``tool`` at our disposal to crush or deminish the ability of anyone thinking of pursuing a legal alternative...how much would you give up for this advantage?

At this juncture, leverage is more important right now than cash...agreed?

5) This first in a chain of further?...No crescendo building, but I haven`t been watching the trade patters this am. I think there will be more as we tick down, but I don`t think we`ll be lined up with news like back in Jan/Feb. Screws wil turn slowly and deliberately.

Remember, all we see are the past moves in a game plan. Step back and look at the whole. Piece together the historical moves. May not give a clear direction of goals, but there`s a definite progression, if we`re measuring it by closed deals..

There`s a strategy in place, I would assume bigger and more complex than on the surface. Given the magnitude of the the game and players, there`s more than meets the eye.

(rambling turned off)

Regards