Thanks Holk and Fairchild.  I really appreciate being able to ask questions and receive such knowledgeable responses. The reason I've committed such a large investment in POET is because I researched the Execs, their background, and thier connections in the industry.  I've read the comments that many people on this board have made and, though I don't completely understand all the technology, I have a "directional" understanding of the significance. 

I posted this question today because I didn't understand why the 100G transeiver was unique, given that the major players had their own, but not with a concern that POET can't compete with these industry giants.  I view this investment differently from those who complain about the daily SP.  To me, POET's value is derived from the patents they hold.  First, they created the technology. Then, they patented the IP.  Now they are proving it works.  This is not an investment that should be based on typical public company metrics.  POET is creating value, and I fully believe that the larger companies in this space are watching POET closely.  This is an acquisition play.  If POET can hold off on acccpeting and offer until after customers and revenue build, they will only be more valuable.  And, the threat of this happening increases the value today - whether this value is reflected in the market cap today or not.  We are in a very good place.