My Summary:
1) I know many on this board are going to think I was snowed. I don't think so. Again, you be the judge.
2) I tried to be as accurate as possible in relating what was said from memory.
3) The focus is solidly on LONG TERM results.
4) Management firmly believes they have marketable products (perhaps more than ever) but given the huge amounts of money involved, getting a contract signed is not an overnight proposition.
5) Ultimately any investment depends on the product lineup, the competence of management, and possibly, most importantly, the integtity of management. If any of us believe one or more of these elements are missing we should bail out at the earliest opportunity. If we believe the three critical elements are present then we should patiently hang on for a potentially substantial return.