You took the words right out of my mouth. I've thought about that many times over the last year. Patriot Scientific should have been the envy of the business community. What better position to find yourself in than holding tens of millions in cash when the world around you is crumbling. I often wonder what opportunities could have been assessed if our reserves were sitting at $45 to $55 million during the meltdown. People just don't have a good understanding of being financially disciplined and how that philosophy also applies to the corporate world.

My employeer is a perfect example. Like most companies we spent the first half of '09 protecting our capital. Once we realized the free fall was over, it was time to begin assessing potential opportunities. The great thing about having lots of cash is that alot of those opportunities come to you. Your responsibility is to figure out what, if any, of them can benefit your company. We made several millions dollars worth of purchases because companies needed to dispose of their inventory. We've done quite well in the aftermath, selling alot of that material at a substantial profit. There were opportunities for Patriot, they just didn't have enough powder to play.