You make a good point Sigmadelta.

Whilst I am not sure I can provide a definition, I think I can add to the debate by pointing out some clear distinctions.

First, may I say that Moores Law is not a law. so we should not really be stepping on anyones toes here. Taylors Law is not a law either, its the fact that refects a paradigm shift in improving performance of Integrated Circuits (IC) not through finer etching but a complete redesign of the design processes used.

Secondly, and my major point, we must be careful to distinguish between POET the company and POET the Process (Planar Optical Electical Technologhy). At the EC Geoffrey Taylor said 'there is only one POET', he meant the process not the company, later he said words to the effect that if anyone wants to make Moores Law continue, they will have to do so using POET. IMO he meant that any future increase in IC prformance can only come through the Planer Optical Electrical Technology process. Light has to enter the design equation giving speed (there is no faster), the reduction in distance that electrons travel by using Monolithic design approach provides efficiency. the reduction in heat using Galium Arsenide giving higher clockngspeeds (happier freeer electons - yeah!)

Others here far more able technically than I may have a better stab at a more (no pun intented) concise definition, but I hope this gets the ball rolling.

Finally, it so happens that POET, the company, owns the interlectual property rights of the POET process. Rejoice in the thought that we the shareholders own such an amazing company as POET - allelulia!