Question-and-Answer Session
Operator
(Operator Instructions) Our first question comes from the line of Paul Sonz with Paul D Sonz Partners.
Paul Sonz - Paul D Sonz Partners
The first question I was interested in was the stock buyback program I wondered if their expectations that you will be able to continue with this quarter?
Bruce Davis
We have authorization to continue to program and so we will use our discretion about making purchases.
Paul Sonz - Paul D Sonz Partners
Okay I guess two points I was getting at is from time to time you have become so enwrapped with the issues that you become precluded from moving forward in the marketplace. I wondered if that was an expectation for this quarter in light of the fact that you announced that there is still potential opportunities that could be meaningful between now and the end of the year.
Bruce Davis
We are always subject to legal review in what we do and any regard to our stock and so there may be times from time to time when it's not appropriate for us to be in the market. And those are judgments that we make internally in a private way. And so I don't have any specific comments on any future time period but in general you are right that can be a inhibitor.
Paul Sonz - Paul D Sonz Partners
Okay. When I listen to a presentation that they put on I think by the Digital Watermarking Group, it was revolved around the work of AquaMobile and the UC Magazine of digital watermarking. As they said on that call that they expected that there would be a U.S. trial and then not too distant future of digital watermarking in a magazine using the tracking was it real quick to see technology from AquaMobile. I wonder if you had any information about when we might expect that.
Bruce Davis
I don't have any specific time table. And obviously that's their announcement not ours. But they are active commercially in a couple of newspapers and by eight or ten magazines outside of the United States.
Paul Sonz - Paul D Sonz Partners
Right.
Bruce Davis
And I think they are having decent results and so they are looking to expand their business and sounds like they would want to give a try to the U.S. so we want to support them as much as we can in the things they do, they are a good partner of ours.
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