Mr. Williams: We started back in the fall of 1998, and we formed this company with people who had an expertise in semiconductors and power management. We started our company with the idea of being a total solution provider - to provide a total power management solution to the target markets that we went after. We started out originally by going after the handsets, and in particular we were one of the first companies to provide the power supply to drive the LEDs for the backlight of color displays in a handset. Up until that time, it was just monochrome displays and then suddenly color displays, but they needed white LEDs. But the white LED couldn't be driven directly from the battery, so we made a device that steps up the voltage and controls the brightness. We even added the ability to do dimming, which would do power savings. We ended up taking off and becoming the de facto standard in many of the major handset manufacturers, including Samsung, LG, Sony Ericsson and Motorola back then. So we grew very quickly. I think we went from $1 million in revenue to $10 million, to $26 million to over $54 million, so it was a very rapid rise. By August of 2005, we went IPO on Nasdaq and raised over $100 million in cash as well. We had a strong balance sheet and were debt free, and then we were ready to move on to more functions. So we started doing all the other power management functions that are in a handset. We became experts in battery charging of the lithium ion battery; we started doing a lot of voltage regulation and eventually included anything that related to power in a cellphone or a handheld device, including media players and MP3 players, and digital still cameras and handheld GPS-type devices. We took a dominant position in the market in many of those applications. That got us to where we were just prior to this last slowdown in the economy. And then as the economy started to slow down, we realized that we were of sufficient size because we grew over $100 million dollars in revenue. As the revenues have backed off a little bit due to the economy slow-down, we have used that as a chance to start to diversify into new applications.
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