Innovation in an existing company is not just the sum of great technology, key acquisitions, or smart people. Corporate innovation needs a culture that matches and supports it.

How do you make money? Spinoffs, split-ups, liquidations, mergers and acquisitions.

We've demonstrated a strong track record of being very disciplined with the use of our cash. We don't let it burn a hole in our pocket, we don't allow it to motivate us to do stupid acquisitions. And so I think that we'd like to continue to keep our powder dry, because we do feel that there are one or more strategic opportunities in the future.

I never have used computers or calculators. I've always been able to figure out in my head, far before my opposition has, in negotiating for acquisitions, where we need to be and where the numbers are and how we could get the best sight of the bargain, without having to resort to accountants or assistants or financial experts.

Today we're focused on small acquisitions to add technology where necessary. I think it's fair to say we're not out looking for a large one but I think it's also very fair to say that as a public company you can never say never.

We've demonstrated a strong track record of being very disciplined with the use of our cash. We don't let it burn a hole in our pocket we don't allow it to motivate us to do stupid acquisitions. And so I think that we'd like to continue to keep our powder dry because we do feel that there are one or more strategic opportunities in the future.