Ipgp gave an update on their work with an oil well drilling company to use fiber lasers for well drilling. It is getting closer, they will need hundreds of high power fiber lasers each year in the multi-tens of KW range. Those are the big, expensive, high margin lasers. No other company in the world can come close to competing with IPGP in high power fiber lasers; they own that market. The world wide oil and gas drilling market is huge. Fiber lasers reduce drilling costs and times by up to a factor of ten. When this hits in a few years this stock could really go into orbit, not to mention they will be much larger in many other markets by then. This was only an ok quarter, but they have huge growth ahead if you look out a few years.