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To: Bob Brooke who wrote (2272)	10/30/1997 12:35:00 PM
From: David	Respond to of 4676

Bob, my definition of a startup is a company with products in development, but not commercialized. Maybe selling on a pilot or demonstration basis, or getting a few royalties. Definitely, still losing money on investing in its own construction. IDX is past that, and into the commercial phase, and rapidly becoming profitable. (Check their revenue growth year to year.) All good tech companies need strong R&D, so that never ends no matter what phase you're in. Regarding patents. My father was a JNJ star research scientist who received about 50 US patents (and even he didn't know how many hundred foreign patents). We used to talk about them. Most patents are insignificant, either because they are so limited in application -- unimaginative -- or because they never can get engineered or marketed properly (although those can be valuable defensively). Only a few really count. Unless you're on the inside of an industry, you won't be able to distinguish which is which. So a long list doesn't especially concern me. A recognized breakthrough patent would. IDX claims to have one for pattern recognition; I hope that's right. That's their claim to a hammer over the commercial market.