Same tired old story from Bret, Chris, & Bill. SG&A continues to climb due to adds to Director level and up positions. Inventory days and value of inventory on hand continues to go up. This due to management's inability to implement a Sales and Operations Planning Process, and Sales & Marketing inability to develop a realistic statistical base forecast of customer demand. Chris says this spike in inventory is somewhat offset by gains in operational efficiencies. What he really means is that they are building loads of unwanted product, but at least building finished goods eats up overhead. One thing they were clear on is that they will pay off some debt rather than repurchase stock . . . that is except to cover their own options. When are people going to get wise to their antics?