Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from [Marty Enbaum - Horizon Network].
Marty Enbaum - Horizon Network
How does your company compare to an Israeli company called [Luminous]? Aren't they in the same arena as you are?
Gerard E. Puorro
We see them. I believe they're privately held. They were previously a public company that was taken private.
We see them in some parts of the globe. We think that they're still a reasonable-size company, I would guess someplace in the $80 to $90 million a year in revenues, perhaps a little more. So they are a competitor in certain geographic theaters.
Marty Enbaum - Horizon Network
Where do you see them as being competitive?
Gerard E. Puorro
Well, we see them in virtually - they are really a few major geographic theaters. Obviously, there's North America; we see them in North America. There's Asia; we see them in Asia. And, of course, there's the European -
Marty Enbaum - Horizon Network
Well, first of all, they are a public company. You've got the wrong information; they are a public company. And I think their sales are a lot more than that. And it sounds like they'd be a direct competitor.
Gerard E. Puorro
In some situations we see them, but we have a lot of competitors.
Marty Enbaum - Horizon Network
But they are a public company.
Gerard E. Puorro
Well, if you knew that, why did you ask? I mean, I'm not certain if their public or private status, nor am I certain of what their revenues are.
Marty Enbaum - Horizon Network
I asked if you knew the company; you said they weren't a public company.
Gerard E. Puorro
Okay. So you can clue me in - what are their revenues?
Marty Enbaum - Horizon Network
I don't know. I think they're maybe about $150 million. I don't know; something around that. I don't know.
We looked at that company. The stock's not trading at the moment, but they are a public company.
Gerard E. Puorro
That may be why it's the case, because I keep a portfolio of all the competitors and they're not in my portfolio.
Marty Enbaum - Horizon Network
Right. I think they used to be a $200 million company.
Gerard E. Puorro
Some years ago they were.
Marty Enbaum - Horizon Network
Right, right, right.
Now that lawsuit that you had, that you made a settlement, what actually happened on that lawsuit?
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