<We have identified several interesting patent portfolios to expand our licensing efforts. These IP portfolios involve microcontroller, power management, embedded memory and mobile networking IP. >

Doubt RG is thinking that PTSC alone will handle future licensing efforts of any new IP. Joint ownership with TPL would seem to be the likely avenue. But why consider IP as a potential investment near term? Wouldn't that be contrary to the stated goal of having products, customers and regular revs? Just seems odd to even think about it right now. But perhaps TPL has different goals and has more influence than we might suspect? IMHO Opty