Well here is a scenario - tpl owns intelasys and therein is attempting to build a company large enough etc to take public otherwise why the professional and expensive p.r. campaign even before announcing what their chip is or will do?

Assume that tpl takes intelasys public and in the process gets real rich from doing so (more power to them), how could they still particpate in the success aside from the shares they may own in a publicly held intelasys? By also receiving revenue from intelasys for using the Moore/Fish patents. This would obviously also benefit ptsc as we receive 50%.

However as a good lawyer once told me to win in court you have to be able to argue both sides of an issue so.. If intelasys is a chip manufacture then at least at the present time they are only being required to make a one time license fee and no royalties. So one would question how Lec. could fairly negotiate a favorable

(to ptsc) license fee without hurting tpl. For example intelasys pays us $20 million dollars for a license. We know that $10 million goes to tpl (from one pocket into another) however the other $10 million goes to ptsc which means that tpl has just given ptsc $10 million of their dollars that they have invested in intelasys.

Interesting scenario`s and as Ron would say we will see. Until then let`s enjoy what we have and once again thank God for it

marc