1. JT and company already researched and met with many companies. TPTSC tried to do it internally on the cheap. Then sought investment banking help after the fact. It was as if PTSC was not sure enough to make the commitment. Seems the whole process is starting over. I think they have made the commitment to do it right by deploying the necessary resources. And because none of the companies they looked at fit the bill, I think they decided to aim a bit higher in terms of market cap/profitability, as well as the specific types of technology they would consider.
2. The line up. Chip industry veteran Rick Goerner, plus Nick Tredennick a fellow of the Institute of Electrical and Electronics Engineers (IEEE) for contributions to microprocessor design, plus 2 additional directors with direct electronics industry experience, and connections.
Sounds like they finally know what they want to do and are putting in place what is needed to execute. IMHO Opty