Ted, you said "I do not get the sense that this PR was being cautious. I think it was being intentionally misleading."
Michael Lebby just said they have succeeded in manufacturing modulators in high volume on 200mm foundry equipment that test out extremely well and are successful with poling at the foundry level. The proof is in the pudding. Over the past two years you have predicted none of that was going to happen and Dr.Lebby was just leading shareholders on. As long as you dwell on your past negative conclusions and ignore that your predictions are eventually proven wrong, you will continue to be wrong going forward. Shareholders in technology companies just do not know all that is going on in a company's new research on new products on a real time basis. You operate under the assumption that we must know it all and that is not going to happen here or at other tech companies.
Ted, you are a false oracle.