Nessco, i won't totally rule out the tree shaking on nokia, especially in the light of no real direction yet on any appeal and this talk about not rushing a purchase, which lends no argument as to why they stopped the buyback.
(arguing with myself here) Having said that any dealing with nokia must be considered uncertain until it's certain, so halting the buyback for something brewing with nokia is unlikely, IMO. But still the longer we don't see action in the court or management saying what's what nokia's still in play IMO and so that is positive.
WM
So we’re looking very closely at these opportunities, as well as other form of utilizing cash which could involve stock buybacks and potentially dividends. However, I would also point out that we’re really not in a rush to invest this cash short-term, I think some of this strategic opportunities they don’t all line up at the door all at once.
So we’re going to be patient investors. We’re looking very looking very aggressively at those opportunities but we want to make sure that when we find them we got the cash and liquidity to be able to take advantage of those.
One final I would say is, that perspective is probably not very unique, it is quiet common for technology companies including our peers to keep pretty significant cash balances on hand for just that purpose. Rambus is an example has close to $500 million of cash on their balance sheet, Tessera, I think its about $360 million. So I think that is probably very consistent with many other folks, that we would consider peers.
Jonathon Skeels - Davenport
Then on Nokia you laid out your options going forward, I guess for the most part though, we won’t have any resolution there or shouldn’t expect anything to come up, most of those things probably for at least 10 to 12 months if I guess right, if you feel you'll take it to district courts, that’s something, that is there won’t be any resolution there for some time correct?
Bill Merritt
I think if you look at the legal path right, which is what we laid out, I think there with respect to appeal I think the major event would we a decision by the [ASE], and I think 10 to 12 months is the timeframe that we would look at and they are pretty reliable on their time table.
If there were a new action brought, I think with that creates some additional incentives for parties to start or continue discussions. So if you take a look at the legal side of things, I would say there is always the business side of things and we continue to have various dialogues, various sections within Nokia and certainly are looking for the right opportunity, aside from any legal avenue to create the right resolution with those folks. So I don’t want to have a legal path be defined as the only timetable for how we can resolve things with those folks . I think there is lot of other opportunities that are available as well.