<SEC-DOCUMENT>0001047469-12-001788.txt : 20120228
<SEC-HEADER>0001047469-12-001788.hdr.sgml : 20120228
<ACCEPTANCE-DATETIME>20120228172144
ACCESSION NUMBER:		0001047469-12-001788
CONFORMED SUBMISSION TYPE:	10-K
PUBLIC DOCUMENT COUNT:		14
CONFORMED PERIOD OF REPORT:	20111231
FILED AS OF DATE:		20120228
DATE AS OF CHANGE:		20120228

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NETLIST INC
		CENTRAL INDEX KEY:			0001282631
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				954812784
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33170
		FILM NUMBER:		12648729

	BUSINESS ADDRESS:	
		STREET 1:		51 DISCOVERY, STE 150
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92618
		BUSINESS PHONE:		949-435-0025

	MAIL ADDRESS:	
		STREET 1:		51 DISCOVERY, STE 150
		CITY:			IRVINE
		STATE:			CA
		ZIP:			92618
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-K
<SEQUENCE>1
<FILENAME>a2206903z10-k.htm
<DESCRIPTION>10-K
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Use these links to rapidly review the document<BR>
<A HREF="#bg45603_table_of_contents">  TABLE OF CONTENTS</A> <BR>
<A HREF="#ds45603_part_iv">  PART IV</A> <BR>
<A HREF="#fa45603_index_to_consolidated_financial_statements">  INDEX TO CONSOLIDATED FINANCIAL STATEMENTS</A><BR></font>
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<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=4><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>  </B></FONT><FONT SIZE=1><B>Washington, D.C. 20549  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=4><B>FORM 10-K  </B></FONT></P>
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<TD ALIGN="CENTER" style="font-family:times;"><FONT SIZE=1><B>(Mark One)</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
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<TD ALIGN="CENTER" style="font-family:times;"><BR><FONT SIZE=2><FONT FACE="WINGDINGS">&#253;</FONT></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD style="font-family:times;"><BR><FONT SIZE=2><B> ANNUAL REPORT PURSUANT TO SECTION&nbsp;13 OR 15(d) OF THE SECURITIES EXCHANGE&nbsp;ACT OF&nbsp;1934</B></FONT></TD>
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<TD COLSPAN=3 ALIGN="CENTER" style="font-family:times;"><BR><FONT SIZE=1><B> For the fiscal year ended December&nbsp;31, 2011</B></FONT></TD>
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<TD COLSPAN=3 ALIGN="CENTER" style="font-family:times;"><BR><FONT SIZE=1><B> or</B></FONT></TD>
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<TD ALIGN="CENTER" style="font-family:times;"><BR><FONT SIZE=2><FONT FACE="WINGDINGS">&#111;</FONT></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD style="font-family:times;"><BR><FONT SIZE=2><B> TRANSITION REPORT PURSUANT TO SECTION&nbsp;13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF&nbsp;1934</B></FONT></TD>
</TR>
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<TD COLSPAN=3 ALIGN="CENTER" VALIGN="TOP" style="font-family:times;"><BR><FONT SIZE=1><B> For the transition period
from&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<BR>
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 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=1><B> Commission file number&nbsp;001-33170  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=1><B>
<IMG SRC="g374577.jpg" ALT="LOGO" WIDTH="54" HEIGHT="64">
  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=4><B>NETLIST,&nbsp;INC.<BR>  </B></FONT><FONT SIZE=1>(Exact name of registrant as specified in its charter) </FONT></P>

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<TD ALIGN="CENTER" style="font-family:times;"><FONT SIZE=1><B>Delaware</B></FONT><FONT SIZE=1><BR>
State or other jurisdiction of incorporation or organization</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="CENTER" style="font-family:times;"><FONT SIZE=1><B> 95-4812784</B></FONT><FONT SIZE=1><BR>
(I.R.S. employer Identification No.)</FONT></TD>
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<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=1><B>51 Discovery, Suite&nbsp;150<BR>
Irvine, CA 92618</B></FONT><FONT SIZE=1><BR>
(Address of principal executive offices) (Zip Code) </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=1><B>(949)&nbsp;435-0025</B></FONT><FONT SIZE=1><BR>
(Registrant's telephone number, including area code) </FONT></P>

<P style="font-family:times;"><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securities
registered pursuant to Section&nbsp;12(b) of the Act: </FONT></P>

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<TH ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Title of each class </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Name of each exchange on which registered </B></FONT></TH>
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<TD ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>Common Stock, par value $0.001 per share</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=1>The NASDAQ Global Market</FONT></TD>
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<P style="font-family:times;"><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securities
registered pursuant to Section&nbsp;12(g) of the Act: </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=1><B>None</B></FONT><FONT SIZE=1><BR>
(Title of class) </FONT></P>

<P style="font-family:times;"><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in Rule&nbsp;405 of the Securities
Act.&nbsp;Yes&nbsp;<FONT FACE="WINGDINGS">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;<FONT FACE="WINGDINGS">&#253;</FONT> </FONT></P>


<P style="font-family:times;"><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark if the registrant is not required to file reports pursuant to Section&nbsp;13 or Section&nbsp;15(d) of the
Act.&nbsp;Yes&nbsp;<FONT FACE="WINGDINGS">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;<FONT FACE="WINGDINGS">&#253;</FONT> </FONT></P>

<P style="font-family:times;"><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark whether the registrant (1)&nbsp;has filed all reports required to be filed by Section&nbsp;13 or 15(d) of the Securities Exchange Act
of 1934 during the preceding 12&nbsp;months (or for such shorter period that the registrant was required to file such reports), and (2)&nbsp;has been subject to such filing requirements for the
past 90&nbsp;days.&nbsp;Yes&nbsp;<FONT FACE="WINGDINGS">&#253;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;<FONT FACE="WINGDINGS">&#111;</FONT> </FONT></P>


<P style="font-family:times;"><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to
be submitted and posted pursuant to Rule&nbsp;405 of Regulation&nbsp;S-T (&sect;&nbsp;232.405 of this chapter) during the preceding 12&nbsp;months (or for such shorter
period that the registrant was required to submit and post such
files).&nbsp;Yes&nbsp;<FONT FACE="WINGDINGS">&#253;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;<FONT FACE="WINGDINGS">&#111;</FONT> </FONT></P>

<P style="font-family:times;"><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark if disclosure of delinquent filers pursuant to Item&nbsp;405 of Regulation&nbsp;S-K is not contained herein, and will not
be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part&nbsp;III of this Form&nbsp;10-K or any amendment to
this Form&nbsp;10-K.&nbsp;<FONT FACE="WINGDINGS">&#111;</FONT> </FONT></P>

<P style="font-family:times;"><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting
company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule&nbsp;12b-2 of the Exchange Act. </FONT></P>
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<TD ALIGN="CENTER" style="font-family:times;"><FONT SIZE=1>Large&nbsp;accelerated&nbsp;filer&nbsp;<FONT FACE="WINGDINGS">&#111;</FONT></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="CENTER" style="font-family:times;"><FONT SIZE=1>Accelerated&nbsp;filer&nbsp;<FONT FACE="WINGDINGS">&#111;</FONT></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="CENTER" style="font-family:times;"><FONT SIZE=1>Non-accelerated&nbsp;filer&nbsp;<FONT FACE="WINGDINGS">&#111;</FONT><BR></FONT> <FONT SIZE=1>(Do not check if a<BR>
smaller reporting company)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD ALIGN="CENTER" style="font-family:times;"><FONT SIZE=1>Smaller&nbsp;reporting&nbsp;company&nbsp;<FONT FACE="WINGDINGS">&#253;</FONT></FONT></TD>
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 <P style="font-family:times;"><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate
by check mark whether the registrant is a shell company (as defined in Rule&nbsp;12b-2 of the
Act).&nbsp;Yes&nbsp;<FONT FACE="WINGDINGS">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;<FONT FACE="WINGDINGS">&#253;</FONT> </FONT></P>

<P style="font-family:times;"><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The aggregate market value of the registrant's common stock held by non-affiliates, based on the closing price of the registrant's common stock as
reported on The NASDAQ Global Market on July&nbsp;2, 2011, the last business day of the registrant's most recently completed second fiscal quarter, was approximately $41.7&nbsp;million. For
purposes of this calculation, it has been assumed that all shares of the registrant's common stock held by directors, executive officers and shareholders beneficially owning five percent or more of
the registrant's common stock are held by affiliates. The treatment of these persons as affiliates for purposes of this calculation is not conclusive as to whether such persons are, in fact,
affiliates of the registrant. </FONT></P>

<P style="font-family:times;"><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
number of shares outstanding of the registrant's common stock, as of the latest practicable date: </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=1>Common
Stock, par value $0.001 per share<BR>
26,986,446 shares outstanding at February 15, 2012 </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=1><B>DOCUMENTS INCORPORATED BY REFERENCE  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits incorporated by reference are referred to in Part IV. </FONT></P>
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<P style="font-family:times;"><FONT SIZE=2>
<A HREF="#bg45603a_main_toc">Table of Contents</A> </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><A
NAME="BG45603A_main_toc"></A> </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="bg45603_table_of_contents"> </A>
<BR></FONT><FONT SIZE=2><B>  TABLE OF CONTENTS    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>
<A NAME="BG45603_TOC"></A> </FONT></P>
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<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH ALIGN="CENTER" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH NOWRAP  COLSPAN=2 ALIGN="CENTER" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:17pt;"><FONT SIZE=1><B>Page

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<TD COLSPAN=3 style="font-family:times;"><A HREF="#da45603_part_i"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2> PART I</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
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<TD style="font-family:times;"><A HREF="#da45603_item_1._business"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Item&nbsp;1</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><A HREF="#da45603_item_1._business"><p align=left style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Business</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#da45603_item_1._business"><FONT SIZE=2>1</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
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<TD style="font-family:times;"><A HREF="#dc45603_item_1a._risk_factors"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Item&nbsp;1A</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><A HREF="#dc45603_item_1a._risk_factors"><p align=left style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Risk Factors</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#dc45603_item_1a._risk_factors"><FONT SIZE=2>9</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#dg45603_item_2._properties"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Item&nbsp;2</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><A HREF="#dg45603_item_2._properties"><p align=left style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Properties</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#dg45603_item_2._properties"><FONT SIZE=2>29</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#dg45603_item_3._legal_proceedings"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Item&nbsp;3</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><A HREF="#dg45603_item_3._legal_proceedings"><p align=left style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Legal Proceedings</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#dg45603_item_3._legal_proceedings"><FONT SIZE=2>29</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:times;"><A HREF="#di45603_part_ii"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2> PART II</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#di45603_item_5._market_for_registrant___ite04666"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Item&nbsp;5</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><A HREF="#di45603_item_5._market_for_registrant___ite04666"><p align=left style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#di45603_item_5._market_for_registrant___ite04666"><FONT SIZE=2>30</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#di45603_item_7._management_s_discussio__ite03668"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Item&nbsp;7</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><A HREF="#di45603_item_7._management_s_discussio__ite03668"><p align=left style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Management's Discussion and Analysis of Financial Condition and Results of Operations</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#di45603_item_7._management_s_discussio__ite03668"><FONT SIZE=2>31</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#dm45603_item_8._financial_statements_and_supplementary_data"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Item&nbsp;8</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><A HREF="#dm45603_item_8._financial_statements_and_supplementary_data"><p align=left style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Financial Statements and Supplementary Data</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#dm45603_item_8._financial_statements_and_supplementary_data"><FONT SIZE=2>45</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#dm45603_item_9._changes_in_and_disagre__ite03576"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Item&nbsp;9</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><A HREF="#dm45603_item_9._changes_in_and_disagre__ite03576"><p align=left style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Changes in and Disagreements With Accountants on Accounting and Financial Disclosure</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#dm45603_item_9._changes_in_and_disagre__ite03576"><FONT SIZE=2>45</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#dm45603_item_9a._controls_and_procedures"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Item&nbsp;9A</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><A HREF="#dm45603_item_9a._controls_and_procedures"><p align=left style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Controls and Procedures</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#dm45603_item_9a._controls_and_procedures"><FONT SIZE=2>45</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#dm45603_item_9b._other_information"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Item&nbsp;9B</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><A HREF="#dm45603_item_9b._other_information"><p align=left style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Other Information</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#dm45603_item_9b._other_information"><FONT SIZE=2>46</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:times;"><A HREF="#dm45603_part_iii"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2> PART III</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#dm45603_item_10._directors,_executive___ite02336"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Item&nbsp;10</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><A HREF="#dm45603_item_10._directors,_executive___ite02336"><p align=left style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Directors, Executive Officers and Corporate Governance</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#dm45603_item_10._directors,_executive___ite02336"><FONT SIZE=2>46</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#do45603_item_11._executive_compensation"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Item&nbsp;11</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><A HREF="#do45603_item_11._executive_compensation"><p align=left style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Executive Compensation</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#do45603_item_11._executive_compensation"><FONT SIZE=2>50</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#dq45603_item_12._security_ownership_of__ite04004"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Item&nbsp;12</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><A HREF="#dq45603_item_12._security_ownership_of__ite04004"><p align=left style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#dq45603_item_12._security_ownership_of__ite04004"><FONT SIZE=2>55</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#dq45603_item_13._certain_relationships__ite03067"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Item&nbsp;13</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><A HREF="#dq45603_item_13._certain_relationships__ite03067"><p align=left style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Certain Relationships and Related Transactions, and Director Independence</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#dq45603_item_13._certain_relationships__ite03067"><FONT SIZE=2>56</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#dq45603_item_14._principal_accounting_fees_and_services"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Item&nbsp;14</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><A HREF="#dq45603_item_14._principal_accounting_fees_and_services"><p align=left style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Principal Accounting Fees and Services</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#dq45603_item_14._principal_accounting_fees_and_services"><FONT SIZE=2>57</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:times;"><A HREF="#ds45603_part_iv"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2> PART IV</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#ds45603_item_15._exhibits,_financial_statement_schedules"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Item&nbsp;15</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><A HREF="#ds45603_item_15._exhibits,_financial_statement_schedules"><p align=left style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Exhibits, Financial Statement Schedules</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#ds45603_item_15._exhibits,_financial_statement_schedules"><FONT SIZE=2>59</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:times;"><A HREF="#du45603_signatures"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2> SIGNATURES</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#du45603_signatures"><FONT SIZE=2>63</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2> INDEX TO EXHIBITS</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2> Exhibit&nbsp;21.1</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2> Exhibit&nbsp;23</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2> Exhibit&nbsp;24.1</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2> Exhibit&nbsp;31.1</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2> Exhibit&nbsp;31.2</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 VALIGN="TOP" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2> Exhibit&nbsp;32<BR></FONT>
</TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
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 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless
the context otherwise requires, references to the "Company," "Netlist," "we," "us" or "our" refer to Netlist,&nbsp;Inc. and its subsidiaries. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
registered trademarks of Netlist,&nbsp;Inc. and its subsidiaries include: HyperCloud&#153; and NVvault&#153;. Other trademarks used in this Report are the property of
their respective owners. </FONT></P>

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</FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>
<A HREF="#bg45603a_main_toc">Table of Contents</A> </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>This Annual Report on Form&nbsp;10-K includes "forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements relate to expectations concerning matters that are not historical facts, and are generally identified by words such as "believe",
"expect", "anticipate", "estimate", "intend", "strategy", "may", "will likely" and similar words or phrases. A forward-looking statement is neither a prediction nor a guarantee of future events or
circumstances, and our actual results could differ materially and adversely from those expressed in any forward-looking statement. These forward-looking statements are all based on currently available
market, operating, financial and competitive information and assumptions and are subject to various risks and uncertainties that are difficult to predict. Important information regarding factors that
could cause actual results to differ materially from such expectations is disclosed in this Report, including, without limitation, information under the caption "</I></FONT><FONT SIZE=2><B><I>Risk
Factors</I></B></FONT><FONT SIZE=2><I>". These risks and uncertainties include, but are not limited to risks associated with the launch and commercial success of our products, programs and technologies; the
success of product partnerships; continuing development, qualification and volume production of EXPRESSvault&#153;, NVvault&#153;, HyperCloud&#153; and VLP Planar-X
Registered Dual In-line Memory Module ("RDIMM"); the rapidly-changing nature of technology; risks associated with intellectual property, including the costs and unpredictability of
litigation over infringement of our property and the possibility of our patents being reexamined by the United States Patent and Trademark Office ("USPTO"); volatility in the pricing of DRAM ICs and
NAND; changes in and uncertainty of customer acceptance of, and demand for, our existing products and products under development, including uncertainty of and/or delays in product orders and product
qualifications; delays in our and our customers' product releases and development; introductions of new products by competitors; changes in end-user demand for technology solutions; our
ability to attract and retain skilled personnel; our reliance on suppliers of critical components and vendors in the supply chain; fluctuations in the market price of critical components; evolving
industry standards; and the political and regulatory environment in the People's Republic of China ("PRC"). Except
as required by law, we do not undertake any obligation to revise or update any forward-looking statements for any reason.</I></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="da45603_part_i"> </A>
<A NAME="toc_da45603_1"> </A>
<BR></FONT><FONT SIZE=2><B>  PART I    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><A
NAME="da45603_item_1._business"> </A>
<A NAME="toc_da45603_2"> </A></FONT> <FONT SIZE=2><B>  Item&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;Business    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Overview  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We design, manufacture and sell high-performance, intelligent memory subsystems for datacenter server and
high-performance computing and communications markets. Our memory subsystems consist of combinations of dynamic random access memory integrated circuits ("DRAM ICs" or "DRAM"), NAND flash
memory ("NAND"), application-specific integrated circuits ("ASICs") and other components assembled on printed circuit boards ("PCBs"). We primarily market and sell our products to leading original
equipment manufacturer ("OEM") customers. Our solutions are targeted at applications where memory plays a key role in meeting system performance requirements. We leverage a portfolio of proprietary
technologies and design techniques, including efficient planar design, alternative packaging techniques and custom semiconductor logic, to deliver memory subsystems with high memory density, small
form factor, high signal integrity, attractive thermal characteristics and low cost per bit. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
were incorporated in Delaware in June 2000 and commenced operations in September 2000. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Our Products  </B></FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> HyperCloud&#153;  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In November 2009, we introduced HyperCloud&#153; DDR3 memory technology. HyperCloud&#153; utilizes an ASIC chipset that
incorporates Netlist patented rank multiplication technology that increases memory capacity and load reduction technology that increases memory bandwidth. We expect that these patented technologies
will make possible improved levels of performance for memory intensive </FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>datacenter
applications and workloads, including enterprise virtualization, cloud computing infrastructure, business intelligence real-time data analytics, and high performance computing.
HyperCloud&#153; memory has been under evaluation by several of our OEM customers for use in their server products. In February 2012, we achieved memory qualification of HyperCloud&#153;
at certain major OEMs. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
November 2011, we introduced a 32GB two-virtual rank RDIMM integrating HyperCloud&#153; with our proprietary Planar-X technology. The new memory module
enables up to 768GB of DRAM memory in next generation two-processor servers. Additionally, we announced collaborative agreements with each of Hewlett-Packard Company ("HP") and
International Business Machines ("IBM"), pursuant to which these OEMs&nbsp;have agreed to cooperate with us in efforts to qualify HyperCloud&#153; memory products for use with their
respective products. After qualification is achieved by one or both of these OEMs, the qualifying OEMs&nbsp;will engage with us in joint marketing and further product development efforts. We and
each of the OEMs&nbsp;have committed financial and other resources toward the collaboration. However, the efforts undertaken under either of the collaborative agreements may not result in any new
revenues for us. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> NVvault&#153;  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In February 2010, we announced general availability of NVvault&#153; battery-free. Like the NVvault&#153;
battery-powered product, NVvault&#153; battery-free provides non-volatile cache memory subsystem targeting RAID, storage virtualization and other cache-protection and
data logging applications. NVvault&#153; products provide server and storage OEMs&nbsp;a solution for enhanced datacenter fault recovery. Unlike our traditional battery-powered fault tolerant
cache product which relied solely on batteries to power the cache, NVvault&#153; battery-free utilizes a combination of DRAM for high throughput performance and flash for extended
data retention. The introduction of NVvault&#153; battery-free, as well as the launch of the current version of the battery-powered module in connection with Dell's introduction of
the PERC 7 line of servers in December 2009, has resulted in NVvault&#153; revenues of $39.9&nbsp;million, or 66% of total revenues for 2011. We expect a decline in NVvault&#153; sales
to Dell through 2013 following Intel's launch of its Romley platform in the first quarter of 2012. This reduction in sales could have a significant impact on our revenues and gross profit. In order to
leverage our NVvault&#153; technology into a more diverse customer base, we continue to pursue additional qualifications of NVvault&#153; with other customers. We also introduced
EXPRESSvault&#153; in March 2011 and we are in the process of qualifying next generation DDR3 NVvault&#153; with customers. While nearly 100% of 2010 sales were made to Dell, as a result
of our diversification efforts, approximately 7% of NVvault&#153; revenues in 2011 were to other customers. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Specialty Memory Modules and Flash-Based Products  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The remainder of our revenues arose primarily from sales of specialty memory modules and flash-based products, the majority of which
were utilized in data center and industrial applications. When developing modules for an equipment product launch, we engage with our OEM customers from the earliest stages of new product definition,
providing us unique insight into their full range of system architecture and performance requirements. This close collaboration has also allowed us to develop a significant level of systems expertise.
We leverage a portfolio of proprietary technologies and design techniques, including efficient planar design, alternative packaging techniques and custom semiconductor logic, to deliver memory
subsystems with high speed, capacity and signal integrity, small form factor, attractive thermal characteristics and low cost per bit. Revenues from specialty modules and flash-based products are
subject to fluctuation as a result of the life cycles of the products into which our modules are incorporated. Our ability to continue to produce revenues from specialty memory modules and flash-based
products is dependent on our ability to qualify our products on new platforms as current platforms reach the end of their lifecycles, and on the state of the global economy. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>2</FONT></P>

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<P style="font-family:times;"><FONT SIZE=2><B> Technology  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have a portfolio of proprietary technologies and design techniques and have assembled an engineering team with expertise in
semiconductors, printed circuit boards, memory subsystem and system design. Our technology competencies include: </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IC Design Expertise.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;We have designed special algorithms that can be implemented in stand-alone integrated circuits or integrated into
other
functional blocks in ASICs. We utilize these algorithms in the HyperCloud&#153; chipset to incorporate rank multiplication and load reduction functionality. We also incorporate these algorithms
in our NVvault<SUP>TM</SUP> product line of RDIMMS. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Very Low Profile Designs.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;We were the first company to create memory subsystems in a form factor of less than one inch in height. We
believe our
proprietary board design technology is particularly useful in the blade server market, where efficient use of motherboard space is critical. Our technology has allowed us to decrease the system board
space required for memory, and improve thermal performance and operating speeds, by enabling our customers to use alternative methods of component layout. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proprietary PCB Designs.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;We utilize advanced, proprietary techniques to optimize electronic signal strength and integrity within a PCB.
These
techniques include the use of 8- or 10-layer boards, matching conductive trace lengths, a minimized number of conductive connectors, or vias, and precise load balancing to,
among other things, help reduce noise and crosstalk between adjacent traces. In addition, our proprietary designs for the precise placement of intra-substrate components allow us to assemble memory
subsystems with significantly smaller physical size, enabling OEMs&nbsp;to develop products with smaller footprints for their customers. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Planar-X Designs.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Our patented Planar-X circuit design provides
additional board space for a large number of DRAM components. This enables us to produce higher capacity RDIMM modules, such as our 32GB two-virtual rank HyperCloud&#153; RDIMM, at
a lower cost by allowing us to use standard, currently available 4GB DRAM technology. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thermal Management Designs.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;We design our memory subsystems to ensure effective heat dissipation. We use thermal cameras to obtain
thermal profiles
of the memory subsystem during the design phase, allowing us to rearrange components to enhance thermal characteristics and, if necessary, replace components that do not meet specifications. We use
thermal simulation and modeling software to create comprehensive heat transfer models of our memory subsystems, which enables our engineers to quickly develop accurate solutions for potential thermal
issues. We also develop and use proprietary heat spreaders to enhance the thermal management characteristics of our memory subsystems. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B> Customers  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We primarily market and sell our products to leading OEMs&nbsp;in the server, storage and communications markets. Consistent with the
concentrated nature of the OEM customer base in our target markets, a small number of large customers have historically accounted for a significant portion of our net sales. Dell represented
approximately 70% of our net sales in 2011, including 93% of our NVvault&#153; sales. Dell and F5 Networks,&nbsp;Inc. ("F5 Networks") represented approximately 59% and 19%, respectively, of
our net sales in 2010. Net sales to some of our OEM customers include memory modules that are qualified by us directly with the OEM customer and sold to electronic manufacturing services providers
("EMSs"), for incorporation into products manufactured exclusively for the OEM customer or, in some instances, to facilitate credit and logistics. These net sales to EMSs have historically fluctuated
period to period as a portion of the total net sales to the OEM customers. Net sales to Hon Hai Precision Industry&nbsp;Co.&nbsp;Ltd., an EMS operating under the trade name of Foxconn that
purchases memory modules from us for incorporation into products manufactured exclusively for Dell, represented approximately 96% of net sales to Dell for 2011 and 2010. Flextronics
International&nbsp;Ltd. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>3</FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>("Flextronics")
is an EMS for F5 Networks. Substantially all of our products used by F5 Networks are sold to Flextronics for incorporation in subassembly products. For further information regarding
our sales to our OEM customer base, please refer to Note&nbsp;12 of Notes to Consolidated Financial Statements included in Part&nbsp;IV, Item&nbsp;15 of this Report. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
expect that our key customers or other large OEMs&nbsp;will continue to account for a substantial portion of our net sales in 2012 and in the foreseeable future. The composition of
major customers and their respective contributions to our net sales have varied and will likely continue to vary from period to period as our OEMs&nbsp;progress through the life cycle of the
products they produce and sell. For example, we expect a decline in sales of our NVvault&#153; sales to Dell following its launch of servers incorporating Intel's Romley platform. Our sales are
made primarily pursuant to standard purchase orders that may be rescheduled on relatively short notice. Customers are generally allowed limited rights of return for up to 30&nbsp;days, except for
sales of excess inventories, which contain no right-of-return privileges. Estimated returns are provided for at the time of sale based on historical experience or specific
identification of an event necessitating a reserve. While these returns have historically been within our expectations and the provisions established, we cannot guarantee that we will continue to
experience similar return rates in the future. Any significant increase in product failure rates and the resulting product returns could have a material adverse effect on our operating results for the
period or periods in which such returns materialize. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
offer warranties on our memory subsystems generally ranging from one to three years, depending on the product and negotiated terms of purchase agreements with our customers. Such
warranties require us to repair or replace defective product returned to us during such warranty period at no cost to the customer. Our estimates for warranty related costs are recorded at the time of
sale based on historical and estimated future product return rates and expected repair or replacement costs. While such costs have historically been within our expectations and the provisions
established, unexpected changes in failure rates could have a material adverse impact on us, requiring additional warranty reserves, and adversely affecting our gross profit and gross margins. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Sales and Marketing  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We market and sell our products through a direct sales force and a network of independent sales representatives. Our sales activities
focus primarily on developing strong relationships at the technical, marketing and executive management levels within market-leading OEMs.&nbsp;Additionally, our marketing strategy for
HyperCloud&#153; includes the creation of demand through end-user evaluation and demonstration activities in vertical computing markets. Our OEM customers design systems for a
variety of applications that require a significant number of high performance memory subsystems, representing substantial opportunities for us. We have been successful in developing OEM relationships
through our ability to provide high performance memory subsystems. Our direct sales group and field application engineers work closely with our OEM customers at an early stage of their design cycles
to solve their design challenges and to design our products into their systems. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
believe in the timely communication and exchange of information with our customers. We utilize well-trained, highly technical program management teams to successfully
drive new product development and quickly respond to our customers' needs and expectations. Our program management teams provide quick response times and act as a single
point-of-contact for routine issues during the sales process. Additionally,
they address the long-term business and technology goals of our customers. We employ a team approach to business development whereby our sales team and independent representatives
identify, qualify and prioritize customer prospects through offices in a number of locations worldwide. For additional information regarding our net sales from external customers by geographic area,
refer to Note&nbsp;13 of Notes to Consolidated Financial Statements, included in Part&nbsp;IV, Item&nbsp;15 of this Report. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>4</FONT></P>

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<P style="font-family:times;"><FONT SIZE=2><B> Manufacturing  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We manufacture substantially all of our products at our facilities in Suzhou in the PRC. Our advanced engineering and design
capabilities, combined with our in-house manufacturing processes, allow us to assemble our memory subsystems reliably and in high volume. Our advanced, customized manufacturing facilities
are capable of surface mount assembly, subsystem testing, system-level burn-in testing, programming, marking, labeling and packaging. At each stage of the production cycle, including
product prototyping, qualification sample production and high-volume manufacturing and delivery, we focus on providing our customers with rapid response and short manufacturing
turn-around times. Manufacturing cycle times for our products are typically one week or less, and in some cases as few as two days, from receipt of order. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
acquire components and materials such as ASICs, DRAM ICs and NAND directly from integrated circuit manufacturers and assemble them into finished subsystems. We believe that one of our
key strengths is the efficient procurement and management of components for our subsystems, which benefits our customers in the form of lower costs and increased product availability. We have a
limited number of suppliers, including Samsung Electronics, Hynix Semiconductor and Micron Semiconductor, each of which have comprised more than 10% of our total purchases in either or both of 2011
and 2010. For further information regarding our supplier concentrations, refer to Note&nbsp;12 of Notes to Consolidated Financial Statements, included in Part&nbsp;IV, Item&nbsp;15 of this
Report. We have developed strong supplier relationships with these and other key DRAM IC and NAND manufacturers, which we believe gives us direct and ready access to the critical components that we
need for our production activities. We typically qualify our products with our customers using multiple manufacturers of DRAM ICs and NAND. The flexibility to choose from several DRAM IC and NAND
providers allows us to minimize product cost and maximize product availability. Our HyperCloud&#153; RDIMM contains an ASIC chipset component. We intend to procure these ASICs from multiple
integrated circuit vendors. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
schedule production based on purchase order commitments and anticipated orders. We release raw materials to the manufacturing floor by means of an on-line shop floor
control system,
which allows for internal quality analysis, direct access to inventory information and production floor material tracking. We have a flexible manufacturing workforce which allows us to manage
unforecasted demand. In addition, in order to mitigate inventory risks, we have the capability to sell excess quantities of certain component inventories of DRAM ICs and NAND to distributors and other
users of memory integrated circuits. However, the ASIC and DRAM components used in our HyperCloud&#153; product have limited alternative uses. As such, we may not be able to sell excess
quantities of the components, should we fail to achieve sufficient sales volumes.&nbsp;Our sales of excess inventory generated less than 1% of our net sales in 2011 and 2010. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
quality assurance engineers work with our suppliers to ensure that the raw materials we receive meet our high quality standards. These engineers also perform onsite supplier factory
audits and use our internal test and inspection systems to verify that purchased components and materials meet our specifications. Our supplier quality program and incoming material quality control
program are important aspects of our overall manufacturing process. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
perform ongoing reliability testing on our memory subsystems and share the results of that testing with our customers. We believe that this improves the system design process and
allows for the elimination of potential problems at the earliest possible stage. In addition, we have implemented procedures which require that all of our memory subsystems undergo functional and
system burn-in testing prior to delivery to the customer. We complement our test capabilities with advanced imaging technology to inspect the quality of our assemblies. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>5</FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
are certified in ISO&nbsp;9001:2000 Quality Management Systems, ISO&nbsp;14001:2004 Environmental Management Standards, and OSHAS 18001:2007 Occupational Health and Safety
Management Systems. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Competition  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our products are primarily targeted for the server, high performance computing and communications markets. These markets are intensely
competitive, as numerous companies vie for business opportunities at a limited number of large OEMs.&nbsp;Our primary competitors are memory module providers such as STEC, SMART Modular
Technologies,&nbsp;Inc., and Viking Interworks, a division of Sanmina-SCI Corporation. We face competition from DRAM suppliers, including Hynix, Samsung and Micron for many of our
products, including HyperCloud&#153;. We also face potential direct or indirect competition from logic suppliers
such as Inphi and IDT. As we enter new markets and pursue additional applications for our products, we may face competition from a larger number of competitors that produce solutions utilizing similar
or competing technologies. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain
of our competitors have substantially greater financial, technical, marketing, distribution and other resources, broader product lines, lower cost structures, greater brand
recognition and longer standing relationships with customers and suppliers. Some of our competitors may also have a greater ability to influence industry standards than we do, as well as more
extensive patent portfolios. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Some
of our customers and suppliers may have proprietary products or technologies that are competitive with our products, or could develop internal solutions or enter into strategic
relationships with, or acquire, existing high-density memory module providers. Any of these actions could reduce our customers' demand for our products. Some of our significant suppliers
of memory integrated circuits may be able to manufacture competitive products at lower costs by leveraging internal efficiencies, or could choose to reduce our supply of memory integrated circuits,
adversely affecting our ability to manufacture our memory subsystems on a timely basis, if at all. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
ability to compete in our current target markets and in future markets will depend in large part on our ability to successfully develop, introduce and sell new and enhanced products
on a timely and cost-effective basis, and to respond to changing market requirements. We believe that the principal competitive factors in the selection of high performance memory
subsystems by potential customers are:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>understanding of OEM system and business requirements; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>timeliness of new value-add product introductions; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>design characteristics and performance; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>quality and reliability; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>track record of volume delivery; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>credibility with the customer; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>fulfillment capability and flexibility; and </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>price. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
believe that we compete favorably with respect to these factors. However, our current and future competitors could develop competing products that could cause a decline in sales or
loss of market acceptance of our products. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Research and Development  </B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The market for high performance memory subsystems is constantly changing and therefore continuous development of new technology,
processes and product innovation is mandatory to be </FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>successful
as a leading supplier. We believe that the continued and timely development of new products and improvement of existing products are critical to maintaining our competitive position. Our
team of engineers focuses on developing custom semiconductor logic devices and products with innovative thermal solutions, packaging solutions and improved electrical signal integrity that enhances
reliability over the life of the system and achieves higher speeds and lowers power consumption. Also, our engineers incorporate various new techniques and methodologies for testing as well as new
processes for manufacturing our products. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
engineering staff closely engages with our OEM partners and their engineering teams at early stages in their system development. This collaboration allows our engineers to understand
the customer's system architecture, power budget, operating environment such as air flow and operating temperature and any mechanical constraints. Our engineers use this information to provide
guidance and solutions to implement optimum memory subsystems to our OEM partners. An important aspect of our research and development effort is to understand the challenges faced by our OEM partners
and provide cost effective solutions that satisfy their requirements by utilizing our industry knowledge, proprietary technologies and technical expertise. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
use advanced design tools in development of our products that allow us to model behavior of a signal trace on our memory modules as well as airflow and thermal profiles of all
components in the system. These design tools enable real-time simulation for signal integrity and behavioral modeling of our designs using the Input/Output Buffer Information Specification
("IBIS") of our suppliers' components. These simulation tools help us reduce or eliminate electronic signal reflections, clock skews, signal jitter and noise which can reduce system performance and
reliability. Also, our engineers use thermal simulation tools to identify potential thermal problems arising from inadequate airflow necessary to cool the components in the system. These efforts allow
our engineers to develop optimum thermal solutions for our customer base. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
believe that to remain competitive we must continue to focus on developing advanced memory technologies. We have invested significant resources in the design of custom semiconductor
logic devices. These logic devices are integrated into our next-generation memory subsystems in order to improve their performance. For example, our HyperCloud&#153; logic devices
enable our DRAM-based subsystems to achieve higher speeds and address greater memory capacity at a lower price point than currently available products in the market. Logic devices in our
NVvault&#153; battery-free product enable DRAM and flash memory to be efficiently combined for the purposes of backing up data storage. The development of these semiconductor
devices are an important part of our overall effort to maintain a strong competitive position in our industry based on advanced memory technology. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
customers typically do not separately compensate us for design and engineering work involved in developing application-specific products for them. Our total expenditures for research
and development were approximately $14.9&nbsp;million and $14.8&nbsp;million for 2011 and 2010, respectively. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B> Intellectual Property  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our high performance memory subsystems are developed in part using our proprietary intellectual property, and we believe that the
strength of our intellectual property rights will be important to the success of our business. We utilize patent and trade secret protection, confidentiality agreements with customers and partners,
disclosure and invention assignment
agreements with employees and consultants and other contractual provisions to protect our intellectual property and other proprietary information. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
of December&nbsp;31, 2011, we had 27 U.S. patents issued and 20 U.S. and 3 foreign patent applications pending. Assuming that they are properly maintained, our patents will expire
at various dates between 2022 and 2029. Our issued patents and patent applications relate to the use of custom logic in high performance memory subsystems, PCB design, layout and packaging techniques.
We </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>7</FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>intend
to actively pursue the filing of additional patent applications related to our technology advancements. While we believe that our patent and other intellectual property rights are important to
our success, our technical expertise and ability to introduce new products in a timely manner also will continue to be important factors in developing and maintaining our competitive position.
Accordingly, we believe that our business is not materially dependent upon any one claim in any of our existing patents or pending patent applications. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Despite
our precautions, a third party may reverse engineer, copy or otherwise obtain and use our products, services or technology without authorization, develop similar technology
independently or design around any patents issued to us. There can be no assurance that our efforts taken to prevent misappropriation or infringement of our intellectual property by third parties have
been or will be successful. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Employees  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At December&nbsp;31, 2011, we had approximately 276 employees (including 153 regular employees and 123 temporary employees).
Approximately 73 of the regular employees were located in the U.S., and approximately 80 were located in other countries (mainly in the PRC). We had 189 employees in operations, 49 employees in
research and development, 25 employees in sales and marketing, and 13&nbsp;employees engaged in other administrative functions. We are not party to any collective bargaining agreements with any of
our employees. We have never experienced a work stoppage, and we believe our employee relations are good. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> General Information  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We maintain a website at </FONT><FONT SIZE=2><I>www.netlist.com</I></FONT><FONT SIZE=2> (this uniform resource locator, or URL, is an
inactive textual reference only and is not intended to incorporate our website into this Form&nbsp;10-K). We file reports with the Securities and Exchange Commission ("SEC"), and make
available, free of charge, on or through our website, our annual reports on Form&nbsp;10-K, quarterly reports on Form&nbsp;10-Q, current reports on
Form&nbsp;8-K, proxy and information statements and amendments to those reports filed or furnished pursuant to Section&nbsp;13(a) or 15(d) of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), as soon as reasonably practicable after we electronically file such material with, or furnish it to, the SEC. Our website also contains copies of our corporate governance
policy, code of business conduct and ethics, insider trading policy and whistleblower policy, as well as copies of the charters for our audit committee, compensation committee and nominating and
corporate governance committee. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>8</FONT></P>

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<P style="font-family:times;"><FONT SIZE=2><A
NAME="dc45603_item_1a._risk_factors"> </A>
<A NAME="toc_dc45603_1"> </A></FONT> <FONT SIZE=2><B>  Item&nbsp;1A.&nbsp;&nbsp;&nbsp;&nbsp;Risk Factors    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>You should consider each of the following factors as well as the other information in this Report in evaluating
our business and our prospects. The risks described below are not the only ones we face. Additional risks we are not presently aware of or that we currently believe are immaterial may also impair our
business operations. The trading price of our common stock could decline due to any of these risks, and you could lose all or part of your investment. In assessing these risks, you should also refer
to the other information contained or incorporated by reference in this Report, including our consolidated financial statements and related notes.</I></FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B> Risks related to our business  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> We expect a number of factors to cause our operating results to fluctuate on a quarterly and annual basis, which may make it difficult to predict our future performance.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our operating results have varied significantly in the past and will continue to fluctuate from
quarter-to-quarter or year-to-year in the future due to a variety of factors, many of which are beyond our control. Some of the factors relating to our
business that may contribute to these quarterly and annual fluctuations include the following:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>general economic conditions, including the possibility of a prolonged period of limited economic growth and disruptions to
the credit and financial markets in the U.S., Europe and elsewhere; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>our inability to develop new or enhanced products that achieve customer or market acceptance in a timely manner, including
our HyperCloud&#153; memory module and our flash-based memory products; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>our failure to maintain the qualification of our products with our current customers or to qualify current and future
products with our current or prospective customers in a timely manner or at all; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the timing of actual or anticipated introductions of competing products or technologies by us or our competitors,
customers or suppliers; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the loss of, or a significant reduction in sales to, a key customer; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the cyclical nature of the industry in which we operate; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>a reduction in the demand for our high performance memory subsystems or the systems into which they are incorporated; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>our customers' failure to pay us on a timely basis; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>costs, inefficiencies and supply risks associated with outsourcing portions of the design and the manufacture of
integrated circuits; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>our ability to absorb manufacturing overhead if our revenues decline or vary from our projections; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>delays in fulfilling orders for our products or a failure to fulfill orders; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>our ability to procure an adequate supply of key components, particularly DRAM ICs and NAND; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>dependence on large suppliers who are also competitors and whose manufacturing priorities may not support our production
schedules; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>changes in the prices of our products or in the cost of the materials that we use to build our products, including
fluctuations in the market price of DRAM ICs and NAND; </FONT></DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>9</FONT></P>

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<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>our ability to effectively operate our manufacturing facility in the PRC; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>manufacturing inefficiencies associated with the start-up of new manufacturing operations, new products and
initiation of volume production; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>our failure to produce products that meet the quality requirements of our customers; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>disputes regarding intellectual property rights and the possibility of our patents being reexamined by the USPTO; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the costs and management attention diversion associated with litigation; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the loss of any of our key personnel; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>changes in regulatory policies or accounting principles; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>our ability to adequately manage or finance internal growth or growth through acquisitions; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the effect of our investments and financing arrangements on our liquidity; and </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the other factors described in this "Risk Factors" section and elsewhere in this report. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due
to the various factors mentioned above, and others, the results of any prior quarterly or annual periods should not be relied upon as an indication of our future operating
performance. In one or more future periods, our results of operations may fall below the expectations of securities analysts and investors. In that event, the market price of our common stock would
likely decline. In addition, the market price of our common stock may fluctuate or decline regardless of our operating performance. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> We have historically incurred losses and may continue to incur losses.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Since the inception of our business in 2000, we have only experienced one fiscal year (2006) with profitable results. In order to
regain profitability, or to achieve and sustain positive cash flows from operations in the future, we must further reduce operating expenses and/or increase our revenues. Although we have in the past
engaged in a series of cost reduction actions, and believe that we could reduce our current level of expenses through elimination or reduction of strategic initiatives, such expense reductions alone
may not make us profitable or allow us to sustain profitability if it is achieved. Our ability to achieve profitability will depend on increased revenue growth from, among other things, increased
demand for our memory subsystems and related product offerings, as well as our ability to expand into new and emerging markets. We may not be successful in achieving the necessary revenue growth or
the expected expense reductions. Moreover, we may be unable to sustain past or expected future expense reductions in subsequent periods. We may not achieve profitability or sustain such profitability,
if achieved, on a quarterly or annual basis in the future. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
failure to achieve profitability could result in increased capital requirements and pressure on our liquidity position. We believe our future capital requirements will depend on many
factors, including our levels of net sales, the timing and extent of expenditures to support sales, marketing, research and development activities, the expansion of manufacturing capacity both
domestically and internationally and the continued market acceptance of our products. Our capital requirements could result in our having to, or otherwise choosing to, seek additional funding through
public or private equity offerings or debt financings. Such funding may not be available on terms acceptable to us, or at all, either of
which could result in our inability to meet certain of our financial obligations and other related commitments. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>10</FONT></P>

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<P style="font-family:times;"><FONT SIZE=2><B><I> Our revenues and results of operations are substantially dependent on NVvault&#153;.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For 2011, our NVvault&#153; non-volatile RDIMM used in cache-protection and data logging applications, including our
NVvault&#153; battery-free, the flash-based cache system, accounted for 66% of total revenues. We expect a decline of Dell NVvault&#153; sales through 2013 following Intel's
launch of its Romley platform in the first quarter of 2012. Although we cannot predict the rate of decline in our sales to Dell, it is possible that we will experience a rapid decline in sales as
early as the second quarter of 2012. This reduction in sales could have a significant impact on our revenues and gross profit. In order to leverage our NVvault&#153; technology and diversify
our customer base, we continue to pursue additional qualifications of NVvault&#153; with other OEMs.&nbsp;We also introduced EXPRESSvault&#153; in March 2011 and we are in the process
of qualifying next generation DDR3 NVvault&#153; with customers. Our future operating results will depend on our ability to commercialize these NVvault&#153; product extensions, as well
as other new products such as HyperCloud&#153;. We may not be successful in marketing any new or enhanced products. If we are not successful in generating sales of other products, the expected
reduction in sales of NVvault&#153; products to Dell will significantly reduce our revenues and negatively affect our results of operations. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> We are subject to risks relating to our focus on developing our HyperCloud&#153; product and lack of market diversification.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have historically derived a substantial portion of our net sales from sales of our high performance memory subsystems for use in the
server market. We expect these memory subsystems to continue to account for a significant portion of our net sales in the near term. Continued market acceptance of these products for use in servers is
critical to our success. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
an attempt to set our products apart from those of our competitors, we have invested a significant portion of our research and development budget into the design of ASIC devices,
including the HyperCloud&#153; memory subsystem, introduced in November 2009. This design and the
products it is incorporated into are subject to increased risks as compared to our other products. For example:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>we may be unable to achieve customer or market acceptance of the HyperCloud&#153; memory subsystem or other new
products, or achieve such acceptance in a timely manner; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the HyperCloud&#153; memory subsystem or other new products may contain currently undiscovered flaws, the
correction of which would result in increased costs and time to market; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>we are dependent on a limited number of suppliers for both the DRAM ICs and the ASIC devices that are essential to the
functionality of the HyperCloud&#153; memory subsystem, and could experience supply chain disruption as a result of business issues that are specific to our suppliers or the industry as a
whole; and </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>we are required to demonstrate the quality and reliability of the HyperCloud&#153; memory subsystem or other new
products to our customers, and are required to qualify these new products with our customers, both of which have required and will continue to require a significant investment of time and resources
prior to the receipt of any revenue from such customers. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
experienced a longer qualification cycle than anticipated with our HyperCloud&#153; memory subsystems, and as of December&nbsp;31, 2011 we have not generated significant
HyperCloud&#153; product revenues relative to our investment in the product. We have entered into collaborative agreements with both HP and IBM pursuant to which these OEMs&nbsp;have agreed
to cooperate with us in efforts to qualify HyperCloud&#153; for use with their products. After qualification is achieved by one or both OEMs, such OEM will engage with us in joint marketing and
further product development efforts. We and each of the OEMs&nbsp;have committed financial and other resources toward the collaboration. However, the efforts undertaken pursuant to either of the
collaboration agreements may not result in any new </FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>revenues
for us. Further delays or any failure in placing or qualifying this product with HP, IBM or other potential customers would adversely impact our results of operations. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additionally,
if the demand for servers deteriorates or if the demand for our products to be incorporated in servers declines, our operating results would be adversely affected, and we
would be forced to diversify our product portfolio and our target markets. We may not be able to achieve this diversification, and our inability to do so may adversely affect our business. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B><I> We may lose our competitive position if we are unable to timely and cost-effectively develop new or enhanced products that meet our customers' requirements and
achieve market acceptance.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our industry is characterized by intense competition, rapid technological change, evolving industry standards and rapid product
obsolescence. Evolving industry standards and technological change or new, competitive technologies could render our existing products obsolete. Accordingly, our ability to compete in the future will
depend in large part on our ability to identify and develop new or enhanced products on a timely and cost-effective basis, and to respond to changing customer requirements. In order to
develop and introduce new or enhanced products, we need to:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>identify and adjust to the changing requirements of our current and potential customers; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>identify and adapt to emerging technological trends and evolving industry standards in our markets; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>design and introduce cost-effective, innovative and performance-enhancing features that differentiate our
products from those of our competitors; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>develop relationships with potential suppliers of components required for these new or enhanced products; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>qualify these products for use in our customers' products; and </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>develop and maintain effective marketing strategies. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
product development efforts are costly and inherently risky. It is difficult to foresee changes or developments in technology or anticipate the adoption of new standards. Moreover,
once these things are identified, if at all, we will need to hire the appropriate technical personnel or retain third party designers, develop the product, identify and eliminate design flaws, and
manufacture the product in production quantities either in-house or through third-party manufacturers. As a result, we may not be able to successfully develop new or enhanced products or
we may experience delays in the development and introduction of new or enhanced products. Delays in product development and introduction could result in the loss of, or delays in generating, net sales
and the loss of market share, as well as damage to our reputation. Even if we develop new or enhanced products, they may not meet our customers' requirements or gain market acceptance. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Our customers require that our products undergo a lengthy and expensive qualification process without any assurance of net sales.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our prospective customers generally make a significant commitment of resources to test and evaluate our memory subsystems prior to
purchasing our products and integrating them into their systems. This extensive qualification process involves rigorous reliability testing and evaluation of our products, which may continue for six
months or longer and is often subject to delays. In addition to qualification of specific products, some of our customers may also require us to undergo a technology qualification if our product
designs incorporate innovative technologies that the customer has not previously encountered. Such technology qualifications often take substantially longer than product qualifications and can take
over a year to complete. Qualification by a prospective customer does not ensure any sales to that prospective customer. Even after successful qualification and sales of our </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>12</FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>products
to a customer, changes in our products, our manufacturing facilities, our production processes or our component suppliers may require a new qualification process, which may result in
additional delays. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition, because the qualification process is both product-specific and platform-specific, our existing customers sometimes require us to requalify our products, or to qualify our
new products, for use in new platforms or applications. For example, as our OEM customers transition from prior generation DDR2 DRAM architectures to current generation DDR3 DRAM architectures, we
must design and qualify new products for use by those customers. In the past, the process of design and qualification has taken up to six months to complete, during which time our net sales to those
customers declined significantly. After our products are qualified, it can take several months before the customer begins production and we begin to generate net sales from such customer. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Likewise,
when our memory component vendors discontinue production of components, it may be necessary for us to design and qualify new products for our customers. Such customers may
require of us or we may decide to purchase an estimated quantity of discontinued memory components necessary to ensure a steady supply of existing products until products with new components can be
qualified. Purchases of this nature may affect our liquidity. Additionally, our estimation of quantities required during the transition may be incorrect, which could adversely impact our results of
operations through lost revenue opportunities or charges related to excess and obsolete inventory. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
must devote substantial resources, including design, engineering, sales, marketing and management efforts, to qualify our products with prospective customers in anticipation of sales.
Significant delays in the qualification process, such as those experienced with our HyperCloud&#153; product, could result in an inability to keep up with rapid technology change or new,
competitive technologies. If we delay or do not succeed in qualifying a product with an existing or prospective customer, we will not be able to sell that product to that customer, which may result in
our holding excess and obsolete inventory and harm our operating results and business. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B><I> Sales to a limited number of customers represent a significant portion of our net sales and the loss of, or a significant reduction in sales to, any one of these customers
could materially harm our business.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sales to certain of our OEM customers have historically represented a substantial majority of our net sales. Approximately 70% of our
net sales in 2011was to one of our customers and approximately 59% and 19% of our net sales in 2010 were to two of our customers. We currently expect that sales to major OEM customers will continue to
represent a significant percentage of our net sales for the foreseeable future. We do not have long-term agreements with
our OEM customers, or with any other customer. Any one of these customers could decide at any time to discontinue, decrease or delay their purchase of our products. In addition, the prices that these
customers pay for our products could change at any time. The loss of any of our OEM customers, or a significant reduction in sales to any of them, could significantly reduce our net sales and
adversely affect our operating results. As described previously, we expect a decline of Dell NVvault&#153; sales following Intel's launch of its Romley platform in the first quarter of 2012.
Although we cannot predict the rate of decline in sales to Dell, it is possible we will experience a rapid decline in sales as early as the second quarter of 2012. This reduction in sales could have a
significant impact on our revenues and gross profit. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
ability to maintain or increase our net sales to our key customers depends on a variety of factors, many of which are beyond our control. These factors include our customers'
continued sales of servers and other computing systems that incorporate our memory subsystems and our customers' continued incorporation of our products into their systems. Because of these and other
factors, net sales to these customers may not continue and the amount of such net sales may not reach or exceed historical levels in any future period. Because these customers account for a
substantial portion of our net sales, the failure of any one of these customers to pay on a timely basis would negatively impact our cash flow. In addition, while we may not be contractually obligated
to accept returned products, we may determine that it is in our best interest to accept returns in order to maintain good relations with our customers. </FONT></P>

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<P style="font-family:times;"><FONT SIZE=2><B><I> A limited number of relatively large potential customers dominate the markets for our products.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our target markets are characterized by a limited number of large companies. Consolidation in one or more of our target markets may
further increase this industry concentration. As a result, we anticipate that sales of our products will continue to be concentrated among a limited number of large customers in the foreseeable
future. We believe that our financial results will depend in significant part on our success in establishing and maintaining relationships with, and effecting substantial sales to, these potential
customers. Even if we establish these relationships, our financial results will be largely dependent on these customers' sales and business results. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> If a standardized memory solution which addresses the demands of our customers is developed, our net sales and market share may decline.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Many of our memory subsystems are specifically designed for our OEM customers' high performance systems. In a drive to reduce costs and
assure supply of their memory module demand, our OEM customers may endeavor to design JEDEC standard DRAM modules into
their new products. Although we also manufacture JEDEC modules, this trend could reduce the demand for our higher priced customized memory solutions which in turn would have a negative impact on our
financial results. In addition, customers deploying custom memory solutions today may in the future choose to adopt a JEDEC standard, and the adoption of a JEDEC standard module instead of a
previously custom module might allow new competitors to participate in a share of our customers' memory module business that previously belonged to us. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
our OEM customers were to adopt JEDEC standard modules, our future business may be limited to identifying the next generation of high performance memory demands of OEM customers and
developing solutions that addresses such demands. Until fully implemented, this next generation of products may constitute a much smaller market, which may reduce our net sales and market share. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B><I> We may not be able to maintain our competitive position because of the intense competition in our targeted markets.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We participate in a highly competitive market, and we expect competition to intensify. Many of our competitors have longer operating
histories, significantly greater resources and name recognition, a larger base of customers and longer-standing relationships with customers and suppliers than we have. As a result, some of these
competitors are able to devote greater resources to the development, promotion and sale of products and are better positioned than we are to influence customer acceptance of their products over our
products. These competitors also may be able to respond better to new or emerging technologies or standards and may be able to deliver products with comparable or superior performance at a lower
price. For these reasons, we may not be able to compete successfully against these competitors. We also expect to face competition from new and emerging companies that may enter our existing or future
markets. These potential competitors may have similar or alternative products which may be less costly or provide additional features. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition to the competition we face from DRAM and logic suppliers such as Hynix, Samsung, Micron, Inphi and IDT, some of our OEM customers have their own internal design groups that
may develop solutions that compete with ours. These design groups have some advantages over us, including direct access to their respective companies' technical information and technology roadmaps.
Our OEM customers also have substantially greater resources, financial and otherwise, than we do, and may have lower cost structures than ours. As a result, they may be able to design and manufacture
competitive products more efficiently or inexpensively. If any of these OEM customers are successful in competing against us, our sales could decline, our margins could be negatively impacted and we
could lose market share, any or all of which could harm our business and results of operations. Further, some of our </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>14</FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>significant
suppliers are also competitors, many of whom have the ability to manufacture competitive products at lower costs as a result of their higher levels of integration. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
expect our competitors to continue to improve the performance of their current products, reduce their prices and introduce new or enhanced technologies that may offer greater
performance and improved pricing. If we are unable to match or exceed the improvements made by our competitors, our market position would deteriorate and our net sales would decline. In addition, our
competitors may develop future generations and enhancements of competitive products that may render our technologies obsolete or uncompetitive. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Our operating results may be adversely impacted by worldwide economic and political uncertainties and specific conditions in the markets we address, including the cyclical
nature of and volatility in the memory market and semiconductor industry.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adverse changes in domestic and global economic and political conditions have made it extremely difficult for our customers, our
vendors and us to accurately forecast and plan future business activities, and they have caused and could continue to cause U.S. and foreign businesses to slow spending on our products and services,
which would further delay and lengthen sales cycles. In addition, sales of our products are dependent upon demand in the computing, networking, communications, printer, storage and industrial markets.
These markets have been cyclical and are characterized by wide fluctuations in product supply and demand. These markets have experienced significant downturns, often connected with, or in anticipation
of, maturing product cycles, reductions in technology spending and declines in general economic conditions. These downturns have been characterized by diminished product demand, production
overcapacity, high inventory levels and the erosion of average selling prices. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
may experience substantial period-to-period fluctuations in future operating results due to factors affecting the computing, networking, communications,
printers, storage and industrial markets. A decline or significant shortfall in demand in any one of these markets could have a material adverse effect on the demand for our products. As a result, our
sales will likely decline during these periods. In addition, because many of our costs and operating expenses are relatively fixed, if we are unable to control our expenses adequately in response to
reduced sales, our gross margins, operating income and cash flow would be negatively impacted. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
challenging economic times our customers may face issues gaining timely access to sufficient credit, which could result in an impairment of their ability to make timely payments
to us. If that were to occur, we may be required to increase our allowance for doubtful accounts and our days sales outstanding would be negatively impacted. Furthermore, our vendors may face similar
issues gaining
access to credit, which may limit their ability to supply components or provide trade credit to us. We cannot predict the timing, strength or duration of any economic slowdown or subsequent economic
recovery, either generally or in the memory market and related semiconductor industry, or any disruptions in the credit or financial markets. If credit and financial markets, economic conditions in
general or the markets in which we operate do not improve or if conditions worsen, our business, financial condition and results of operations will likely be materially and adversely affected.
Additionally, the combination of our lengthy sales cycle coupled with challenging macroeconomic conditions could compound the negative impact on the results of our operations. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Our lack of a significant backlog of unfilled orders, and the difficulty inherent in forecasting customer demand, makes it difficult to forecast our short-term
production requirements to meet that demand, and any failure to optimally calibrate our production capacity and inventory levels to meet customer demand could adversely affect our revenues, gross
margins and earnings.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We make significant decisions regarding the levels of business that we will seek and accept, production schedules, component
procurement commitments, personnel needs and other resource </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>15</FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>requirements,
based on our estimates of customer requirements. We do not have long-term purchase agreements with our customers. Instead, our customers often place purchase orders no more
than two weeks in advance of their desired delivery date, and these purchase orders generally have no cancellation or rescheduling penalty provisions. The short-term nature of commitments
by many of our customers, the fact that our customers may cancel or defer purchase orders for any reason, and the possibility of unexpected changes in demand for our customers' products each reduce
our ability to accurately estimate future customer requirements for our products. This fact, combined with the quick turn-around times that apply to each order, makes it difficult to
forecast our production needs and allocate production capacity efficiently. We attempt to forecast the demand for the DRAM ICs, NAND, and other components needed to manufacture our products. Lead
times for components vary significantly and depend on various factors, such as the specific supplier and the demand and supply for a component at a given time. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
production expense and component purchase levels are based in part on our forecasts of our customers' future product requirements and to a large extent are fixed in the short term.
As a result, we likely will be unable to adjust spending on a timely basis to compensate for any unexpected shortfall in those orders. If we overestimate customer demand, we may have excess raw
material inventory of DRAM ICs and NAND. If there is a subsequent decline in the prices of DRAM ICs or NAND, the value of our inventory will fall. As a result, we may need to write-down
the value of our DRAM IC or NAND inventory, which may result in a significant decrease in our gross margin and financial condition. Also, to the extent that we manufacture products in anticipation of
future demand
that does not materialize, or in the event a customer cancels or reduces outstanding orders, we could experience an unanticipated increase in our finished goods inventory. In the past, we have had to
write-down inventory due to obsolescence, excess quantities and declines in market value below our costs. Any significant shortfall of customer orders in relation to our expectations could
hurt our operating results, cash flows and financial condition. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Also,
any rapid increases in production required by our customers could strain our resources and reduce our margins. If we underestimate customer demand, we may not have sufficient
inventory of DRAM ICs and NAND on hand to manufacture enough product to meet that demand. We also may not have sufficient manufacturing capacity at any given time to meet our customers' demands for
rapid increases in production. These shortages of inventory and capacity will lead to delays in the delivery of our products, and we could forego sales opportunities, lose market share and damage our
customer relationships. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Declines in our average sales prices, driven by volatile prices for DRAM ICs and NAND, among other factors, may result in declines in our revenues and gross profit.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our industry is competitive and historically has been characterized by declines in average sales price, based in part on the market
price of DRAM ICs and NAND, which have historically constituted a substantial portion of the total cost of our memory subsystems. Our average sales prices may decline due to several factors, including
overcapacity in the worldwide supply of DRAM and NAND memory components as a result of worldwide economic conditions, increased manufacturing efficiencies, implementation of new manufacturing
processes and expansion of manufacturing capacity by component suppliers. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Once
our prices with a customer are negotiated, we are generally unable to revise pricing with that customer until our next regularly scheduled price adjustment. Consequently, we are
exposed to the risks associated with the volatility of the price of DRAM ICs and NAND during that period. If the market prices for DRAM ICs and NAND increase, we generally cannot pass the price
increases on to our customers for products purchased under an existing purchase order. As a result, our cost of sales could increase and our gross margins could decrease. Alternatively, if there are
declines in the price of </FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>DRAM
ICs and NAND, we may need to reduce our selling prices for subsequent purchase orders, which may result in a decline in our expected net sales. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition, since a large percentage of our sales are to a small number of customers that are primarily distributors and large OEMs, these customers have exerted, and we expect they
will continue to exert, pressure on us to make price concessions. If not offset by increases in volume of sales or the sales of newly-developed products with higher margins, decreases in average sales
prices would likely have a material adverse effect on our business and operating results. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> We use a small number of custom ASIC, DRAM IC and NAND suppliers and are subject to risks of disruption in the supply of custom ASIC, DRAM ICs and NAND.  </I></B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our ability to fulfill customer orders or produce qualification samples is dependent on a sufficient supply of DRAM ICs and NAND, which
are essential components of our memory subsystems. We are also dependent on a sufficient supply of custom ASIC devices to produce our HyperCloud&#153; memory modules. There are a relatively
small number of suppliers of DRAM ICs and NAND, and we purchase from only a subset of these suppliers. We have no long-term DRAM or NAND supply contracts. Additionally, we could face
obstacles in moving production of our ASIC components away from our current design and production partners. Our dependence on a small number of suppliers and the lack of any guaranteed sources of ASIC
components, DRAM and NAND supply expose us to several risks, including the inability to obtain an adequate supply of these important components, price increases, delivery delays and poor quality. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Historical
declines in customer demand and our revenues caused us to reduce our purchases of DRAM ICs and NAND. Such fluctuations could occur in the future. Should we not maintain
sufficient purchase levels with some suppliers, our ability to obtain supplies of raw materials may be impaired due to the practice of some suppliers to allocate their products to customers with the
highest regular demand. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;From
time to time, shortages in DRAM ICs and NAND have required some suppliers to limit the supply of their DRAM ICs and NAND. As a result, we may be unable to obtain the DRAM ICs or
NAND necessary to fill customers' orders for our products in a timely manner. If we are unable to obtain a sufficient supply of DRAM ICs or NAND to meet our customers' requirements, these customers
may reduce future orders for our products or not purchase our products at all, which would cause our net sales to decline and harm our operating results. In addition, our reputation could be harmed,
we may not be able to replace any lost business with new customers, and we may lose market share to our competitors. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
customers qualify the ASIC components, DRAM ICs and NAND of our suppliers for use in their systems. If one of our suppliers should experience quality control problems, it may be
disqualified by one or more of our customers. This would disrupt our supplies of ASIC components, DRAM ICs and NAND and reduce the number of suppliers available to us, and may require that we qualify
a new supplier. If our suppliers are unable to produce qualification samples on a timely basis or at all, we could experience delays in the qualification process, which could have a significant impact
on our ability to sell that product. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> If the supply of other component materials used to manufacture our products is interrupted, or if our inventory becomes obsolete, our results of operations and financial
condition could be adversely affected.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We use consumables and other components, including PCBs, to manufacture our memory subsystems. We sometimes procure PCBs and other
components from single or limited sources to take advantage of volume pricing discounts. Material shortages or transportation problems could interrupt the manufacture of our products from time to time
in the future. These delays in manufacturing could adversely affect our results of operations. </FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Frequent
technology changes and the introduction of next-generation products also may result in the obsolescence of other items of inventory, such as our custom-built PCBs,
which could reduce our gross margin and adversely affect our operating performance and financial condition. We may not be able to sell some products developed for one customer to another customer
because our products are often designed to address specific customer requirements, and even if we are able to sell these products to another customer, our margin on such products may be reduced. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> A prolonged disruption of our manufacturing facility could have a material adverse effect on our business, financial condition and results of operations.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We maintain a manufacturing facility in the PRC for producing most of our products, which allows us to utilize our materials and
processes, protect our intellectual property and develop the technology for manufacturing. A prolonged disruption or material malfunction of, interruption in or the loss of operations at our
manufacturing facility, or the failure to maintain a sufficient labor force at such facility, would limit our capacity to meet customer demand and delay new product development until a replacement
facility and equipment, if necessary, were found. The replacement of the manufacturing facility could take an extended amount of time before manufacturing operations could restart. The potential
delays and costs resulting from these steps could have a material adverse effect on our business, financial condition and results of operations. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B><I> If we are unable to manufacture our products efficiently, our operating results could suffer.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We must continuously review and improve our manufacturing processes in an effort to maintain satisfactory manufacturing yields and
product performance, to lower our costs and to otherwise remain competitive. As we manufacture more complex products, the risk of encountering delays or difficulties increases. The
start-up costs associated with implementing new manufacturing technologies, methods and processes, including the purchase of new equipment, and any resulting manufacturing delays and
inefficiencies, could negatively impact our results of operations. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
we need to add manufacturing capacity, an expansion of our existing manufacturing facility or establishment of a new facility could be subject to factory audits by our customers. Any
delays or unexpected costs resulting from this audit process could adversely affect our net sales and results of operations. In addition, we cannot be certain that we will be able to increase our
manufacturing capacity on a timely basis or meet the standards of any applicable factory audits. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B><I> We depend on third-parties to design and manufacture custom components for some of our products.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Significant customized components, such as ASICs, that are used in some of our products such as HyperCloud&#153; are designed
and manufactured by third parties. The ability and willingness of such third parties to perform in accordance with their agreements with us is largely outside of our control. If one or more of our
design or manufacturing partners fails to perform its obligations in a timely manner or at satisfactory quality levels, our ability to bring products to market or deliver products to our customers, as
well as our reputation, could suffer. In the event of any such failures, we may have no readily available alternative source of supply for such products, since, in our experience, the lead time needed
to establish a relationship with a new design and/or manufacturing partner is at least 12&nbsp;months, and the estimated time for our OEM customers to re-qualify our product with
components from a new vendor ranges from four to nine months. We cannot assure you that we can redesign, or cause to have redesigned, our customized components to be manufactured by a new manufacturer
in a timely manner, nor can we assure you that we will not infringe on the intellectual property of our current design or manufacture partner when we redesign the custom components, or cause such
components to be redesigned by a new manufacturer. A manufacturing disruption experienced by our manufacturing partners, the failure of our manufacturing partners to dedicate adequate resources to the
production of our products, the financial instability of our manufacturing or design partners, or any </FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>other
failure of our design or manufacturing partners to perform according to their agreements with us, would have a material adverse effect on our business, financial condition and results of
operations. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
have many other risks due to our dependence on third-party manufacturers, including: reduced control over delivery schedules, quality, manufacturing yields and cost; the potential
lack of adequate capacity during periods of excess demand; limited warranties on products supplied to us; and potential misappropriation of our intellectual property. We are dependent on our
manufacturing partners to manufacture products with acceptable quality and manufacturing yields, to deliver those products to us on a timely basis and to allocate a portion of their manufacturing
capacity sufficient to meet our needs. Although our products are designed using the process design rules of the particular manufacturers, we cannot assure you that our manufacturing partners will be
able to achieve or maintain acceptable yields or deliver sufficient quantities of components on a timely basis or at an acceptable cost. Additionally, we cannot assure you that our manufacturing
partners will continue to devote adequate resources to produce our products or continue to advance the process design technologies on which the qualification and manufacturing of our products are
based. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> If our products do not meet the quality standards of our customers, we may be forced to stop shipments of products until the quality issues are resolved.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our customers require our products to meet strict quality standards. Should our products not meet such standards, our customers may
discontinue purchases from us until we are able to resolve the quality issues that are causing us to not meet the standards. Such "quality holds" could have a significant adverse impact on our
revenues and operating results. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> If our products are defective or are used in defective systems, we may be subject to warranty, product recalls or product liability claims.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If our products are defectively manufactured, contain defective components or are used in defective or malfunctioning systems, we could
be subject to warranty and product liability claims and product recalls, safety alerts or advisory notices. While we have product liability insurance coverage, it may not be adequate to satisfy claims
made against us. We also may be unable to obtain insurance in the future at satisfactory rates or in adequate amounts. Warranty and product liability claims or product recalls, regardless of their
ultimate outcome, could have an adverse effect on our business, financial condition and reputation, and on our ability to attract and retain customers. In addition, we may determine that it is in our
best interest to accept product returns in circumstances where we are not contractually obligated to do so in order to maintain good relations with our customers. Accepting product returns may
negatively impact our operating results. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> If we fail to protect our proprietary rights, our customers or our competitors might gain access to our proprietary designs, processes and technologies, which could
adversely affect our operating results.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We rely on a combination of patent protection, trade secret laws and restrictions on disclosure to protect our intellectual property
rights. We have submitted a number of patent applications regarding our proprietary processes and technology. It is not certain when or if any of the claims in the remaining applications will be
allowed. We intend to continue filing patent applications with respect to most of the new processes and technologies that we develop. However, patent protection may not be available for some of these
processes or technologies. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It
is possible that our efforts to protect our intellectual property rights may not:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>prevent challenges to, or the invalidation or circumvention of, our existing intellectual property rights; </FONT></DD></DL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>19</FONT></P>

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<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>prevent our competitors from independently developing similar products, duplicating our products or designing around any
patents that may be issued to us; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>prevent disputes with third parties regarding ownership of our intellectual property rights; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>prevent disclosure of our trade secrets and know-how to third parties or into the public domain; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>result in valid patents, including international patents, from any of our pending or future applications; or </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>otherwise adequately protect our intellectual property rights. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Others
may attempt to reverse engineer, copy or otherwise obtain and use our proprietary technologies without our consent. Monitoring the unauthorized use of our technologies is
difficult. We cannot be certain that the steps we have taken will prevent the unauthorized use of our technologies. This is particularly true in foreign countries, such as the PRC, where we have
established a manufacturing facility and where the laws may not protect our proprietary rights to the same extent as applicable U.S. laws. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
some or all of the claims in our patent applications are not allowed, or if any of our intellectual property protections are limited in scope by a court or circumvented by others, we
could face increased competition with regard to our products. Increased competition could significantly harm our business and our operating results. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> We are involved in and expect to continue to be involved in costly legal and administrative proceedings to defend against claims that we infringe the intellectual property
rights of others or to enforce or protect our intellectual property rights.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As is common to the semiconductor industry, we have experienced substantial litigation regarding patent and other intellectual property
rights. Lawsuits claiming that we are infringing others' intellectual property rights have been and may in the future be brought against us, and we are currently defending against claims of invalidity
in the USPTO. See Note&nbsp;9 of Notes to Consolidated Financial Statements, included in this Report, for a description of our legal contingencies. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
process of obtaining and protecting patents is inherently uncertain. In addition to the patent issuance process established by law and the procedures of the USPTO, we must comply
with JEDEC administrative procedures in protecting our intellectual property within its industry standard setting process. These procedures evolve over time, are subject to variability in their
application, and may be inconsistent with each other. Failure to comply with JEDEC's administrative procedures could jeopardize our ability to claim that our patents have been infringed. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By
making use of new technologies and entering new markets there is an increased likelihood that others might allege that our products infringe on their intellectual property rights.
Litigation is inherently uncertain, and an adverse outcome in existing or any future litigation could subject us to significant liability for damages or invalidate our proprietary rights. An adverse
outcome also could force us to take specific actions, including causing us to:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>cease manufacturing and/or selling products, or using certain processes, that are claimed to be infringing a third party's
intellectual property; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>pay damages (which in some instances may be three times actual damages), including royalties on past or future sales; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>seek a license from the third party intellectual property owner to use their technology in our products, which license may
not be available on reasonable terms, or at all; or </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>redesign those products that are claimed to be infringing a third party's intellectual property. </FONT></DD></DL>
</UL>
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<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
any adverse ruling in any such matter occurs, any resulting limitations in our ability to market our products, or delays and costs associated with redesigning our products or payments
of license fees to third parties, or any failure by us to develop or license a substitute technology on commercially reasonable terms could have a material adverse effect on our business, financial
condition and results of operations. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There
is a limited pool of experienced technical personnel that we can draw upon to meet our hiring needs. As a result, a number of our existing employees have worked for our existing or
potential competitors at some point during their careers, and we anticipate that a number of our future employees will have similar work histories. In the past, some of these competitors have claimed
that our employees misappropriated their trade secrets or violated non-competition or
non-solicitation agreements. Some of our competitors may threaten or bring legal action involving similar claims against us or our existing employees or make such claims in the future to
prevent us from hiring qualified candidates. Lawsuits of this type may be brought, even if there is no merit to the claim, simply as a strategy to drain our financial resources and divert management's
attention away from our business. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
also may find it necessary to litigate against others, including our competitors, customers and former employees, to enforce our intellectual property, contractual and commercial
rights including, in particular, our trade secrets, as well as to challenge the validity and scope of the proprietary rights of others. We could become subject to counterclaims or countersuits against
us as a result of this litigation. Moreover, any legal disputes with customers could cause them to cease buying or using our products or delay their purchase of our products and could substantially
damage our relationship with them. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
litigation, regardless of its outcome, would be time consuming and costly to resolve, divert our management's time and attention and negatively impact our results of operations. We
cannot assure you that current or future infringement claims by third parties or claims for indemnification by customers or end users of our products resulting from infringement claims will not be
asserted in the future or that such assertions, if proven to be true, will not materially adversely affect our business, financial condition or results of operations. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> We may become involved in non-patent related litigation and administrative proceedings that may materially adversely affect us.  </I></B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;From time to time, we may become involved in various legal proceedings relating to matters incidental to the ordinary course of our
business, including commercial, product liability, employment, class action, whistleblower and other litigation and claims, and governmental and other regulatory investigations and proceedings. Such
matters can be time-consuming, divert management's attention and resources and cause us to incur significant expenses. Furthermore, because litigation is inherently unpredictable, these
actions could have a material adverse effect on our business, results of operations or financial condition. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> If we are required to obtain licenses to use third party intellectual property and we fail to do so, our business could be harmed.  </I></B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Although some of the components used in our final products contain the intellectual property of third parties, we believe that our
suppliers bear the sole responsibility to obtain any rights and licenses to such third party intellectual property. While we have no knowledge that any third party licensor disputes our belief, we
cannot assure you that disputes will not arise in the future. The operation of our business and our ability to compete successfully depends significantly on our
continued operation without claims of infringement or demands resulting from such claims, including demands for payments of money in the form of, for example, ongoing licensing fees. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>21</FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are also developing products to enter new markets. Similar to our current products, we may use components in these new products that contain the intellectual
property of third parties. While we plan to exercise precautions to avoid infringing on the intellectual property rights of third parties, we cannot assure you that disputes will not arise. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
it is determined that we are required to obtain inbound licenses and we fail to obtain licenses, or if such licenses are not available on economically feasible terms, our business,
operating results and financial condition could be significantly harmed. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> The flash memory market is constantly evolving and competitive, and we may not have rights to manufacture and sell certain types of products utilizing emerging flash
formats, or we may be required to pay a royalty to sell products utilizing these formats.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The flash-based storage market is constantly undergoing rapid technological change and evolving industry standards. Many consumer
devices, such as digital cameras, PDAs and smartphones, are transitioning to emerging flash memory formats, such as the Memory Stick, and xD Picture Card formats, which we do not currently manufacture
and do not have rights to manufacture. Although we do not currently serve the consumer flash market, it is possible that certain
OEMs&nbsp;may choose to adopt these higher-volume, lower-cost formats. This could result in a decline in demand, on a relative basis, for other products that we manufacture such as
CompactFlash and SD products. If we decide to manufacture flash memory products utilizing emerging formats such as those mentioned, we will be required to secure licenses to give us the right to
manufacture such products that may not be available at reasonable rates or at all. If we are not able to supply flash card formats at competitive prices or if we were to have product shortages, our
net sales could be adversely impacted and our customers would likely cancel orders or seek other suppliers to replace us. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Our indemnification obligations for the infringement by our products of the intellectual property rights of others could require us to pay substantial damages.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As is common in the industry, we currently have in effect a number of agreements in which we have agreed to defend, indemnify and hold
harmless our customers and suppliers from damages and costs which may arise from the infringement by our products of third-party patents, trademarks or other proprietary rights. The scope of such
indemnity varies, but may, in some instances, include indemnification for damages and expenses, including attorneys' fees. Our insurance does not cover intellectual property infringement. The term of
these indemnification agreements is generally perpetual any time after execution of the agreement. The maximum potential amount of future payments we could be required to make under these
indemnification agreements is unlimited. We may periodically have to respond to claims and litigate these types of indemnification obligations. Although our suppliers may bear responsibility for the
intellectual property inherent in the components they sell to us, they may lack the financial ability to stand behind such indemnities. Additionally, it may be costly to enforce any indemnifications
that they have granted to us. Accordingly, any indemnification claims by customers could require us to incur significant legal fees and could potentially result in the payment of substantial damages,
both of which could result in a material adverse effect on our business and results of operations. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> We depend on a few key employees, and if we lose the services of any of those employees or are unable to hire additional personnel, our business could be harmed.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To date, we have been highly dependent on the experience, relationships and technical knowledge of certain key employees. We believe
that our future success will be dependent on our ability to retain the services of these key employees, develop their successors, reduce our reliance on them, and properly manage the transition of
their roles should departures occur. The loss of these key employees could delay the development and introduction of, and negatively impact our ability to sell our products </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>22</FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>and
otherwise harm our business. We do not have employment agreements with any of these key employees other than Chun K. Hong, our President, Chief Executive Officer and Chairman of the Board. We
carry "Key Man" life insurance on Chun K. Hong; however, we do not carry "Key Man" life insurance on any of our other employees. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
future success also depends on our ability to attract, retain and motivate highly skilled engineering, manufacturing, and other technical and sales personnel. Competition for
experienced personnel is intense. We may not be successful in attracting new engineers or other technical personnel, or in retaining or motivating our existing personnel. If we are unable to hire and
retain engineers with the skills necessary to keep pace with the evolving technologies in our markets, our ability to continue to provide our current products and to develop new or enhanced products
will be negatively impacted, which would harm our business. In addition, the shortage of experienced engineers, and other factors, may lead to increased recruiting, relocation and compensation costs
for such engineers, which may exceed our expectations and resources. These increased costs may make hiring new engineers difficult, or may increase our operating expenses. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Historically,
a significant portion of our workforce has consisted of contract personnel. We invest considerable time and expense in training these contract employees. We may experience
high turnover rates in our contract employee workforce, which may require us to expend additional resources in the future. If we convert any of these contract employees into permanent employees, we
may have to pay finder's fees to the contract agency. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> We rely on third-party manufacturers' representatives and the failure of these manufacturers' representatives to perform as expected could reduce our future sales.  </I></B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We sell some of our products to customers through manufacturers' representatives. We are unable to predict the extent to which our
manufacturers' representatives will be successful in marketing and selling our products. Moreover, many of our manufacturers' representatives also market and sell other, potentially competing
products. Our representatives may terminate their relationships with us at any time. Our future performance will also depend, in part, on our ability to attract additional manufacturers'
representatives that will be able to market and support our products effectively, especially in markets in which we have not previously distributed our products. If we cannot retain our current
manufacturers' representatives or recruit additional or replacement manufacturers' representatives, our sales and operating results will be harmed. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> The operation of our manufacturing facility in the PRC could expose us to significant risks.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Since 2009, substantially all of our world-wide manufacturing production has been performed at our manufacturing facility
in the People's Republic of China, or PRC. Language and cultural differences, as well as the geographic distance from our headquarters in Irvine, California, compound the difficulties of running a
manufacturing operation in the PRC. Our management has relatively limited experience in overseeing foreign operations, and management of the PRC facility requires substantial amounts of their time. We
may not be able to maintain control over product quality, delivery schedules, manufacturing yields and costs. Furthermore, the costs related to having excess capacity have in the past and may in the
future continue to have an adverse impact on our gross margins and operating results. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
manage a local workforce that may subject us to regulatory uncertainties. Changes in the labor laws of the PRC could increase the cost of employing the local workforce. The increased
industrialization of the PRC, as well as general economic and political conditions in the PRC, could also increase the price of local labor. Either of these factors could negatively impact the cost
savings we currently enjoy from having our manufacturing facility in the PRC. </FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Economic
volatility and instability in the PRC could result in significant currency fluctuations in the Chinese Renminbi ("RMB"), which could result in increased manufacturing and
shipping costs relative to the US dollar. Fluctuations in the exchange rate between RMB and U.S. dollars may adversely affect our expenses and results of operations as well as the value of our assets
and liabilities. These fluctuations may also adversely affect the comparability of our period-to-period results. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
PRC currently provides for favorable tax rates for certain foreign-owned enterprises operating in specified locations in the PRC through 2012. We have established our PRC facility in
such a tax-favored location. Should we fail to achieve profitability while favorable tax rates are in effect, or before our loss carryforwards in the PRC expire, it is possible that we
would not realize the tax benefits to the extent originally anticipated and this could adversely impact our operating results. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Economic, political and other risks associated with international sales and operations could adversely affect our net sales.  </I></B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Part of our growth strategy involves making sales to foreign corporations and delivering our products to facilities located in foreign
countries. Selling in foreign countries subjects us to additional risks not present with our domestic operations. We are operating in business and regulatory environments in which we have limited
previous experience. We will need to continue to overcome language and cultural barriers to effectively conduct our operations in these environments. In addition, the economies of the PRC and other
countries have been highly volatile in the past, resulting in significant fluctuations in local currencies and other instabilities. These instabilities affect a number of our customers and suppliers
in addition to our foreign operations and continue to exist or may occur again in the future. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the future, some of our net sales may be denominated in RMB. The PRC government controls the procedures by which RMB is converted into other currencies, and conversion of RMB
generally requires government consent. As a result, RMB may not be freely convertible into other currencies at all times. If the PRC government institutes changes in currency conversion procedures, or
imposes restrictions on currency conversion, those actions may negatively impact our operations and could reduce our operating results. If we decide to declare dividends and repatriate funds from our
PRC operations, we will be required to comply with the procedures and regulations of applicable PRC law. Any changes to these procedures and regulations, or our failure to comply with those procedures
and regulations, could prevent us from making dividends and repatriating funds from our PRC operations, which could adversely affect our financial condition. If we are able to make dividends and
repatriate funds from our PRC operations, these dividends would be subject to U.S. corporate income tax. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International
turmoil and the threat of future terrorist attacks, both domestically and internationally, have contributed to an uncertain political and economic climate, both in the U.S.
and globally, and have negatively impacted the worldwide economy. The occurrence of one or more of these instabilities could adversely affect our foreign operations and some of our customers or
suppliers, each of which could adversely affect our net sales. In addition, our failure to meet applicable regulatory requirements or overcome cultural barriers could result in production delays and
increased turn-around times, which would adversely affect our business. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
international sales are subject to other risks, including regulatory risks, tariffs and other trade barriers, timing and availability of export licenses, political and economic
instability, difficulties in accounts receivable collections, difficulties in managing distributors, lack of a significant local sales presence, difficulties in obtaining governmental approvals,
compliance with a wide variety of complex foreign laws and treaties and potentially adverse tax consequences. In addition, the U.S. or foreign countries may implement quotas, duties, taxes or other
charges or restrictions upon the importation or exportation of our products, leading to a reduction in sales and profitability in that country. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>24</FONT></P>

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<P style="font-family:times;"><FONT SIZE=2><B><I> Our operations could be disrupted by power outages, natural disasters or other factors.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due to the geographic concentration of our manufacturing operations and the operations of certain of our suppliers, a disruption
resulting from equipment failure, power failures, quality control issues, human error, government intervention or natural disasters, including earthquakes and floods like those that have struck Japan
and Thailand, respectively in 2011, could interrupt or interfere with our manufacturing operations and consequently harm our business, financial condition and results of operations. Such disruptions
would cause significant delays in shipments of our products and adversely affect our operating results. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Our failure to comply with environmental laws and regulations could subject us to significant fines and liabilities or cause us to incur significant costs.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are subject to various and frequently changing U.S. federal, state and local and foreign governmental laws and regulations relating
to the protection of the environment, including those governing the discharge of pollutants into the air and water, the management and disposal of hazardous substances and wastes, the cleanup of
contaminated sites and the maintenance of a safe workplace. In particular, some of our manufacturing processes may require us to handle and dispose of hazardous materials from time to time. For
example, in the past our manufacturing operations have used lead-based solder in the assembly of our products. Today, we use lead-free soldering technologies in our
manufacturing processes, as this is required for products entering the European Union. We could incur substantial costs, including clean-up costs, civil or criminal fines or sanctions and
third-party claims for property damage or personal injury, as a result of violations of, or noncompliance with, environmental laws and regulations. These laws and regulations also could require us to
incur significant costs to remain in compliance. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Our internal controls over financial reporting may not be effective, which could have a significant and adverse effect on our business.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;404 of the Sarbanes-Oxley Act of 2002 and the rules and regulations of the SEC, which we collectively refer to as
Section&nbsp;404, require us to evaluate our internal
controls over financial reporting to allow management to report on those internal controls as of the end of each year. Effective internal controls are necessary for us to produce reliable financial
reports and are important in our effort to prevent financial fraud. In the course of our Section&nbsp;404 evaluations, we may identify conditions that may result in significant deficiencies or
material weaknesses and we may conclude that enhancements, modifications or changes to our internal controls are necessary or desirable. Implementing any such matters would divert the attention of our
management, could involve significant costs, and may negatively impact our results of operations. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
note that there are inherent limitations on the effectiveness of internal controls, as they cannot prevent collusion, management override or failure of human judgment. If we fail to
maintain an effective system of internal controls or if management or our independent registered public accounting firm were to discover material weaknesses in our internal controls, we may be unable
to produce reliable financial reports or prevent fraud, and it could harm our financial condition and results of operations, result in a loss of investor confidence and negatively impact our stock
price. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> If we do not effectively manage future growth, our resources, systems and controls may be strained and our results of operations may suffer.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have in the past expanded our operations, both domestically and internationally. Any future growth may strain our resources,
management information and telecommunication systems, and operational and financial controls. To manage future growth effectively, including the expansion of volume in our manufacturing facility in
the PRC, we must be able to improve and expand our systems </FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>and
controls. We may not be able to do this in a timely or cost-effective manner, and our current systems and controls may not be adequate to support our future operations. In addition,
our officers have relatively limited experience in managing a rapidly growing business or a public company. As a result, they may not be able to provide the guidance necessary to manage future growth
or maintain future market position. Any failure to manage our growth or improve or expand our existing systems and controls, or unexpected difficulties in doing so, could harm our business. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> If we acquire other businesses or technologies in the future, these acquisitions could disrupt our business and harm our operating results and financial condition.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We will evaluate opportunities to acquire businesses or technologies that might complement our current product offerings or enhance our
technical capabilities. We have no experience in acquiring other businesses or technologies. Acquisitions entail a number of risks that could adversely affect our business and operating results,
including, but not limited to:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>difficulties in integrating the operations, technologies or products of the acquired companies; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the diversion of management's time and attention from the normal daily operations of the business; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>insufficient increases in net sales to offset increased expenses associated with acquisitions or acquired companies; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>difficulties in retaining business relationships with suppliers and customers of the acquired companies; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the overestimation of potential synergies or a delay in realizing those synergies; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>entering markets in which we have no or limited experience and in which competitors have stronger market positions; and </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the potential loss of key employees of the acquired companies. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Future
acquisitions also could cause us to incur debt or be subject to contingent liabilities. In addition, acquisitions could cause us to issue equity securities that could dilute the
ownership percentages of our existing stockholders. Furthermore, acquisitions may result in material charges or adverse tax consequences, substantial depreciation, deferred compensation charges,
in-process research and development charges, the amortization of amounts related to deferred stock-based compensation expense and identifiable purchased intangible assets or impairment of
goodwill, any or all of which could negatively affect our results of operations. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Our existing indebtedness and any future indebtedness we incur could adversely affect our cash flow and prevent us from fulfilling our financial obligations.  </I></B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have incurred debt under our revolving credit facility and two term loans with Silicon Valley Bank. Incurring debt could have
material consequences, such as:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>requiring us to dedicate a portion of our cash flow from operations and other capital resources to debt service, thereby
reducing our ability to fund working capital, capital expenditures, and other cash requirements; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>increasing our vulnerability to adverse economic and industry conditions; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>limiting our flexibility in planning for, or reacting to, changes and opportunities in, our business and industry, which
may place us at a competitive disadvantage; and </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>limiting our ability to incur additional debt on acceptable terms, if at all. </FONT></DD></DL>
</UL>
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<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additionally,
if we are unable to maintain liquidity levels, as defined in the credit agreement, or if we were to default under our credit agreement and were unable to obtain a waiver
for such a default, interest on the obligations would accrue at an increased rate. In the case of a default, the lenders could accelerate our obligations under the credit agreement; however,
acceleration will be automatic in the case of bankruptcy and insolvency events of default. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additionally,
to the extent we have made intercompany loans to our subsidiaries and have pledged such loans to the lenders under the credit agreement, our subsidiaries would be required
to pay the amount of the intercompany loans to the lenders in the event we are in default under the credit agreement. Any actions taken by the lenders against us in the event we are in default under
the credit agreement could harm our financial condition. Finally, the credit facility contains certain restrictive covenants, including provisions restricting our ability to incur additional
indebtedness, guarantee certain obligations, create or assume liens and pay dividends. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Our investment in an auction rate security is subject to risks which may cause losses and affect the liquidity of this investment.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We hold an investment in an auction rate security that has failed, or may in the future fail, its auction. An auction failure means
that the parties wishing to sell their securities could not do so. As a result of failed auctions, our ability to liquidate and fully recover the carrying value of our investment in the near term may
be limited or not exist. If the issuer of this investment is unable to close future auctions and its credit rating deteriorates, we may in the future be required to record an impairment charge on this
investment. We also may be required to wait until market stability is restored for this investment or until the final maturity of the underlying note (up to 30&nbsp;years) to realize our
investment's cost value. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Risks related to our common stock  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> The issuance of additional sales of our common stock, or the perception that such issuances may occur, including through our "at the market" offering, could cause the market
price of our common stock to fall.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have entered into a Sales Agreement with Ascendiant Capital Markets,&nbsp;LLC ("Ascendiant"), for the offer and sale of up to
$10&nbsp;million in aggregate amount of our shares from time to time through Ascendiant, as our sales agent, pursuant to an effective Registration Statement on Form&nbsp;S-3.
Ascendiant is not required to sell any specific number or dollar amount of shares of our common stock but will use its reasonable efforts, as our agent and subject to the terms of the Sales Agreement,
to sell that number of shares up to $10&nbsp;million upon our request. Sales of the shares, if any, may be made by any means permitted by law and deemed to be an "at the market" offering as defined
in Rule&nbsp;415 of the Securities Act of 1933, as amended, and will generally be made by means of brokers' transactions on the NASDAQ Global Market or otherwise at market prices prevailing at the
time of sale, or as otherwise agreed with Ascendiant. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
may issue shares of our common stock with aggregate sales proceeds of up to $10&nbsp;million from time to time in connection with this offering. As of February&nbsp;28, 2012, we
have sold 697,470 shares pursuant to the Sales Agreement at a weighted average sales price of $2.98, net of commissions. We may terminate the Sales Agreement at any time. Whether we choose to effect
future sales under the at-the-market program will depend upon a variety of factors, including, among others, market conditions and the trading price of our common stock
relative to other sources of capital. The issuance from time to time of these new shares of common stock through our at-the-market program or in any other equity offering, or
the perception that such sales may occur, could have the effect of depressing the market price of our common stock. </FONT></P>

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<P style="font-family:times;"><FONT SIZE=2><B><I> Our principal stockholders have significant voting power and may take actions that may not be in the best interest of our other stockholders.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of December&nbsp;31, 2011, approximately 23.5% of our outstanding common stock was held by affiliates, including 22% held by Chun
K. Hong, our chief executive officer and chairman of our board of directors. As a result, Mr.&nbsp;Hong has the ability to exert substantial influence over all matters requiring approval by our
stockholders, including the election and removal of directors and any proposed merger, consolidation or sale of all or substantially all of our assets and other corporate transactions. This
concentration of control could be disadvantageous to other stockholders with interests different from those of Mr.&nbsp;Hong and our other executive officers and directors. For example, our
executive officers, directors and principal stockholders could delay or prevent an acquisition or merger even if the transaction would benefit other stockholders. In addition,
this significant concentration of share ownership may adversely affect the trading price for our common stock because investors may perceive disadvantages in owning stock in companies with
stockholders that have the ability to exercise significant control. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Anti-takeover provisions under our charter documents and Delaware law could delay or prevent a change of control and could also limit the market price of our
stock.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our certificate of incorporation and bylaws contain provisions that could delay or prevent a change of control of our company or
changes in our board of directors that our stockholders might consider favorable. In addition, these provisions could limit the price that investors would be willing to pay in the future for shares of
our common stock. The following are examples of provisions which are included in our certificate of incorporation and bylaws, each as amended:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>our board of directors is authorized, without prior stockholder approval, to designate and issue preferred stock, commonly
referred to as "blank check" preferred stock, with rights senior to those of our common stock; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>stockholder action by written consent is prohibited; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>nominations for election to our board of directors and the submission of matters to be acted upon by stockholders at a
meeting are subject to advance notice requirements; and </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>our board of directors is expressly authorized to make, alter or repeal our bylaws. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition, we are governed by the provisions of Section&nbsp;203 of the Delaware General Corporate Law, which may prohibit certain business combinations with stockholders owning 15%
or more of our outstanding voting stock. These and other provisions in our certificate of incorporation and bylaws, and of Delaware law, could make it more difficult for stockholders or potential
acquirers to obtain control of our board of directors or initiate actions that are opposed by the then-current board of directors, including delaying or impeding a merger, tender offer, or
proxy contest or other change of
control transaction involving our company. Any delay or prevention of a change of control transaction or changes in our board of directors could prevent the consummation of a transaction in which our
stockholders could receive a substantial premium over the then-current market price for their shares. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> The price of and volume in trading of our common stock has and may continue to fluctuate significantly.  </I></B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our common stock has been publicly traded since November 2006. The price of our common stock and the trading volume of our shares are
volatile and have in the past fluctuated significantly. There can be no assurance as to the prices at which our common stock will trade in the future or that an active trading market in our common
stock will be sustained in the future. The market price at which </FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>our
common stock trades may be influenced by many factors, including but not limited to, the following:</FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>our operating and financial performance and prospects, including our ability to achieve and sustain profitability in the
future; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>investor perception of us and the industry in which we operate; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>the availability and level of research coverage of and market making in our common stock; </FONT> <FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>changes in earnings estimates or buy/sell recommendations by analysts; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>sales of our newly issued common stock or other securities in association with our $40&nbsp;million effective shelf
registration on Form&nbsp;S-3, or the perception that such sales may occur; </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>general financial and other market conditions; and </FONT><FONT SIZE=2>
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>changing and recently volatile domestic and international economic conditions. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition, shares of our common stock and the public stock markets in general, have experienced, and may continue to experience, extreme price and trading volume volatility. These
fluctuations may adversely affect the market price of our common stock and a shareholder's ability to sell their shares into the market at the desired time or at the desired price. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
2007, following a drop in the market price of our common stock, securities litigation was initiated against us. Given the historic volatility of our industry, we may become engaged in
this type of litigation in the future. Securities litigation is expensive and time-consuming.  </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><A
NAME="dg45603_item_2._properties"> </A>
<A NAME="toc_dg45603_1"> </A></FONT> <FONT SIZE=2><B>  Item&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;Properties    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our corporate headquarters is located in approximately 28,700 square feet of space in Irvine, California, under a lease that expires in
June 2013. We also currently lease approximately 42,200 square feet of space for our manufacturing facility in the PRC. This lease expires March 2017. In addition, we lease approximately 4,500 square
feet of space for a design office in San Jose, California, under a lease that expires in May 2014. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
believe that our current facilities are adequate for our current and expected operations for the next twelve months and that additional space can be obtained if needed. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><A
NAME="dg45603_item_3._legal_proceedings"> </A>
<A NAME="toc_dg45603_2"> </A></FONT> <FONT SIZE=2><B>  Item&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;Legal Proceedings    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The information set forth in the section entitled Patent Claims under Note&nbsp;9 of Notes to Consolidated Financial Statements,
included in Part&nbsp;IV, Item&nbsp;15 of this Report is incorporated herein by reference. </FONT></P>

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<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
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<BR></FONT><FONT SIZE=2><B>  PART II    <BR>    </B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2><A
NAME="di45603_item_5._market_for_registrant___ite04666"> </A>
<A NAME="toc_di45603_2"> </A></FONT> <FONT SIZE=2><B>  Item&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our common stock began trading on The NASDAQ Global Market under the trading symbol "NLST" on November&nbsp;30, 2006, and was not
publicly traded prior to that date. The following table sets forth the high and low sale prices for our common stock on the NASDAQ Global Market for the periods indicated: </FONT></P>
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<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="32pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="32pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>High </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Low </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Year Ended December&nbsp;31, 2011</B></FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Fourth Quarter</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3.96</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1.04</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Third Quarter</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2.10</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1.09</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Second Quarter</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2.81</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2.00</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>First Quarter</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3.04</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2.09</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Year Ended January&nbsp;1, 2011</B></FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Fourth Quarter</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3.90</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2.12</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Third Quarter</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3.53</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2.27</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Second Quarter</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3.74</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1.81</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>First Quarter</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>6.10</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3.16</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
of February&nbsp;15, 2012, there were approximately 52 holders of record of our common shares. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Dividend Policy  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have never declared or paid cash dividends on our capital stock. Our current credit facility prohibits the payment of cash
dividends. Accordingly, we do not anticipate declaring or paying cash dividends on our capital stock in the foreseeable future. Any payments of cash dividends will be at the discretion of our board of
directors, and will depend upon our results of operations, earnings, capital requirements, legal and contractual restrictions, and other factors deemed relevant by our board of directors. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Securities Authorized for Issuance under Equity Compensation Plans  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our board of directors and stockholders previously approved our Amended and Restated 2000 Equity Incentive Plan and our Amended and
Restated 2006 Equity Incentive Plan. Except as listed in the table below, as of December&nbsp;31, 2011, we do not have any equity based plans, including individual </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>30</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=32,EFW="2206903",CP="NETLIST, INC.",DN="1",CHK=688846,FOLIO='30',FILE='DISK128:[11ZDX3.11ZDX45603]DI45603A.;10',USER='ABEAULI',CD='27-FEB-2012;19:24' -->
<A NAME="page_di45603_1_31"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg45603a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>compensation
arrangements that have not been approved by our stockholders. The following table provides information as of December&nbsp;31, 2011 with respect to our equity compensation plans: </FONT></P>
 <DIV style="padding:0pt;position:relative;width:67%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

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<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="121pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="94pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="122pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
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<TR VALIGN="BOTTOM">
<TH NOWRAP  ALIGN="LEFT" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:50pt;"><FONT SIZE=1><B>Plan Category

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 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Number of securities<BR>
to be issued upon exercise<BR>
of outstanding options,<BR>
warrants and rights </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Weighted-average<BR>
exercise price of<BR>
outstanding options,<BR>
warrants and rights </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Number of securities<BR>
remaining available for<BR>
future issuance under<BR>
equity compensation plans<BR>
(excluding securities<BR>
reflected in column (a)) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;"><FONT SIZE=1><B>(a)</B></FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;"><FONT SIZE=1><B>(b)</B></FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;"><FONT SIZE=1><B>(c)</B></FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Equity compensation plans approved by security holders</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>5,197,767</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>2.60</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>149,590</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(1)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Equity compensation plans not approved by security holders</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>170,000</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(2)</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>3.27</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>5,367,767</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>2.62</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>149,590</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
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 </DIV>
<DIV style="padding:0pt;position:relative;text-align:left;margin-left:10%;">
 <DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Subject
to certain adjustments, on December&nbsp;31, 2011, we currently are able to issue a maximum of 4,205,566 shares of common stock pursuant to awards
granted under our Amended and Restated 2006 Equity Incentive Plan. That maximum number will automatically increase on the first day of each calendar year by the lesser of (i)&nbsp;5.0% of the number
of shares of common stock that are issued and outstanding as of the first day of the calendar year, and (ii)&nbsp;1,200,000 shares of common stock, subject to adjustment for certain corporate
actions.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Consists
of:
<BR><BR></FONT>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(i)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>50,000
options to purchase shares of our common stock issued to our Director of Marketing in connection with his hiring in June 2009. The options vest over
a period of 4&nbsp;years, are exercisable at $0.35 per share, and contain a contractual term of 10&nbsp;years from the date of grant.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(ii)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>100,000
options to purchase shares of our common stock issued to our Vice President of Sales and Marketing in connection with his hiring in January 2010.
The options vest over a period of 3.3&nbsp;years, are exercisable at $5.00 per share, and contain a contractual term of 10&nbsp;years from the date of grant.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(iii)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>20,000
options to purchase shares of our common stock issued to our Controller and Director of Financial Reporting in connection with her hiring in April
2010. The options vest over a period of 4&nbsp;years, are exercisable at $1.92 per share, and contain a contractual term of 10&nbsp;years from the date of grant. <BR></FONT></DD></DL>
</DD></DL>
<UL>

<P style="font-family:times;"><FONT SIZE=2>See
Note&nbsp;10 of Notes to Consolidated Financial Statements, included in Part&nbsp;IV, Item&nbsp;15 of this Report, for additional information on equity compensation plans. </FONT></P>

</UL>
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2><A
NAME="di45603_item_7._management_s_discussio__ite03668"> </A>
<A NAME="toc_di45603_3"> </A></FONT> <FONT SIZE=2><B>  Item&nbsp;7.&nbsp;&nbsp;&nbsp;&nbsp;Management's Discussion and Analysis of Financial Condition and Results of Operations    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>The following discussion and analysis of our financial condition and results of operations should be read in
conjunction with our audited consolidated financial statements and the related notes included elsewhere in this Form&nbsp;10-K.</I></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>This report contains forward-looking statements regarding future events and our future performance. These forward-looking statements involve risks and
uncertainties that could cause actual results to differ materially from those expected or projected. These risks and uncertainties include, but are not limited to risks associated with the launch and
commercial success of our products, programs and technologies; continuing development, qualification and volume production of EXPRESSvault&#153;, NVvault&#153;, HyperCloud&#153;
and VLP Planar-X RDIMM; the rapidly-changing nature of technology; risks associated with intellectual property, including the costs and unpredictability of litigation over infringement of
our property  </I></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>31</FONT></P>

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<P style='font-family:times;page-break-before:always'></p>
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<A NAME="page_di45603_1_32"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg45603a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> and the possibility of our patents being reexamined by the USPTO; volatility in the pricing of DRAM ICs and NAND; changes in and uncertainty of customer acceptance of, and demand for, our existing
products and products under development, including uncertainty of and/or delays in product orders and product qualifications; delays in our and our customers' product releases and development;
introductions of new products by competitors; changes in end-user demand for technology solutions; our ability to attract and retain skilled personnel; our reliance on suppliers of
critical components and vendors in the supply chain; fluctuations in the market price of critical components; evolving industry standards; and the political and regulatory environment in the PRC.
Other risks and uncertainties are described under the heading "Risk Factors" in Part&nbsp;I, Item&nbsp;IA of this Annual Report on Form&nbsp;10-K. Except as required by law, we
undertake no obligation to revise or update publicly any forward-looking statements for any reason.</I></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Overview  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We design, manufacture and sell high-performance, intelligent memory subsystems for datacenter server and
high-performance computing and communications markets. Our memory subsystems consist of combinations of DRAM ICs, NAND, ASICs and other components assembled on PCBs. We primarily market
and sell our products to leading OEM customers. Our solutions are targeted at applications where memory plays a key role in meeting system performance requirements. We leverage a portfolio of
proprietary technologies and design techniques, including efficient planar design, alternative packaging techniques and custom semiconductor logic, to deliver memory subsystems with high memory
density, small form factor, high signal integrity, attractive thermal characteristics and low cost per bit. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
November 2009, we introduced HyperCloud&#153; DDR3 memory technology. HyperCloud&#153; utilizes an ASIC chipset that incorporates Netlist patented rank multiplication
technology that increases memory capacity and load reduction technology that increases memory bandwidth. We expect that these patented technologies will make possible improved levels of performance
for memory intensive datacenter applications and workloads, including enterprise virtualization, cloud computing infrastructure, business intelligence real-time data analytics, and high
performance computing. HyperCloud&#153; memory has been under evaluation by several of our OEM customers for use in their server products. In February 2012, we achieved memory qualification of
HyperCloud&#153; at certain major OEMs. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
November 2011, we introduced a 32GB two-virtual rank RDIMM integrating HyperCloud&#153; with our proprietary Planar-X technology. The new memory module
enables up to 768GB of DRAM memory in next generation two-processor servers. Additionally, we announced collaborative agreements with each of Hewlett-Packard Company ("HP") and
International Business Machines ("IBM"), pursuant to which these OEMs&nbsp;have agreed to cooperate with us in efforts to qualify HyperCloud&#153; memory products for use with their
respective products. After qualification is achieved by one or both of these OEMs, the qualifying OEMs&nbsp;will engage with us in joint marketing and further product development efforts. We and
each of the OEMs&nbsp;have committed financial and other resources toward the collaboration. However, the efforts undertaken under either of the collaborative agreements may not result in any new
revenues for us. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
February 2010, we announced general availability of NVvault&#153; battery-free. Like the NVvault&#153; battery-powered product, NVvault&#153;
battery-free provides non-volatile cache memory subsystem targeting RAID, storage virtualization and other cache-protection and data logging applications. NVvault&#153;
products provide server and storage OEMs&nbsp;a solution for enhanced datacenter fault recovery. Unlike our traditional battery-powered fault tolerant cache product which relied solely on batteries
to power the cache, NVvault&#153; battery-free utilizes a combination of DRAM for high throughput performance and flash for extended data retention. The introduction of
NVvault&#153; battery-free, as well as the launch of the current version of the battery-powered module in connection with Dell's introduction of the PERC 7 line of servers in
December 2009, has resulted in NVvault&#153; </FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>revenues
of $39.9&nbsp;million, or 66% of total revenues for 2011. We expect a decline of Dell NVvault&#153; sales through 2013 following Intel's launch of its Romley platform in the first
quarter of 2012. This reduction in sales could have a significant impact on our revenues and gross profit as soon as the second quarter of 2012. In order to leverage our NVvault&#153;
technology into a more diverse customer base, we continue to pursue additional qualifications of NVvault&#153; with other customers. We also introduced EXPRESSvault&#153; in March 2011
and we are in the process of qualifying next generation DDR3 NVvault&#153; with customers. While nearly 100% of 2010 sales were made to Dell, as a result of our diversification efforts,
approximately 7% of NVvault&#153; revenues in 2011 were to other customers. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
remainder of our revenues arose primarily from OEM sales of specialty memory modules and flash-based products, the majority of which were utilized in data center and industrial
applications. When developing modules for an equipment product launch, we engage with our OEM customers from the earliest stages of new product definition, providing us unique insight into their full
range of system architecture and performance requirements. This close collaboration has also allowed us to develop a significant level of systems expertise. We leverage a portfolio of proprietary
technologies and design techniques, including efficient planar design, alternative packaging techniques and custom semiconductor logic, to deliver memory subsystems with high speed, capacity and
signal integrity, small form factor, attractive thermal characteristics and low cost per bit. Revenues from specialty modules and flash-based products are subject to fluctuation as a result of the
life cycles of the products into which our modules are incorporated. Our ability to continue to produce revenues from specialty memory modules and flash-based products is dependent on our ability to
qualify our products on new platforms as current platforms reach the end of their lifecycles, and on the state of the global economy. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consistent
with the concentrated nature of the OEM customer base in our target markets, a small number of large customers have historically accounted for a significant portion of our net
sales. One customer represented approximately 70% of our net sales in 2011 and two customers represented approximately 59% and 19% of our net sales in 2010. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Key Business Metrics  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following describes certain line items in our consolidated statements of operations that are important to management's assessment
of our financial performance: </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Sales.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Net sales consist primarily of sales of our high performance memory subsystems, net of a provision for estimated returns
under our right
of return policies, which generally range up to 30&nbsp;days. We generally do not have long-term sales agreements with our customers. Although OEM customers typically provide us with
non-binding forecasts of future product demand over specific periods of time, they generally place orders with us approximately two weeks in advance of scheduled delivery. Selling prices
are typically negotiated monthly, based on competitive market conditions and the current price of DRAM ICs and NAND. Purchase orders generally have no cancellation or rescheduling penalty provisions.
We often ship our products to our customers' international manufacturing sites. All of our sales to date, however, are denominated in U.S. dollars. We also sell excess component inventory of DRAM ICs
and NAND to distributors and other users of memory ICs. As compared to previous years, component inventory sales remain a relatively small percentage of net sales as a result of our efforts to
diversify both our customer and product line bases. This diversification effort has also allowed us to use components in a wider range of memory subsystems. We expect that component inventory sales
will continue to represent a minimal portion of our net sales in future periods. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cost of Sales.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Our cost of sales includes the cost of materials, manufacturing costs, depreciation and amortization of equipment,
inventory valuation
provisions, stock-based compensation, and occupancy costs and other allocated fixed costs. The DRAM ICs and NAND incorporated into our products constitute a significant portion of our cost of sales,
and thus our cost of sales will fluctuate </FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>based
on the current price of DRAM ICs and NAND. We attempt to pass through such DRAM IC and NAND flash memory cost fluctuations to our customers by frequently renegotiating pricing prior to the
placement of their purchase orders. However, the sales prices of our memory subsystems can also fluctuate due to competitive situations unrelated to the pricing of DRAM ICs and NAND, which affects
gross margins. The gross margin on our sales of excess component DRAM IC and NAND inventory is much lower than the gross margin on our sales of our memory subsystems. As a result, fluctuations in DRAM
IC and NAND inventory sales as a percentage of our overall sales could impact our overall gross margin. We assess the valuation of our inventories on a quarterly basis and record a provision to cost
of sales as necessary to reduce inventories to the lower of cost or net realizable value. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Research and Development.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Research and development expense consists primarily of employee and independent contractor compensation and
related costs,
stock-based compensation, non-recurring engineering fees, computer-aided design software licenses, reference design development costs, patent filing and protection legal fees, depreciation
or rental of evaluation equipment, and occupancy and other allocated overhead costs. Also included in research and
development expense are the costs of material and overhead related to the production of engineering samples of new products under development or products used solely in the research and development
process. Our customers typically do not separately compensate us for design and engineering work involved in developing application-specific products for them. All research and development costs are
expensed as incurred. We anticipate that research and development expenditures will increase in future periods as we seek to expand new product opportunities, increase our activities related to new
and emerging markets and continue to develop additional proprietary technologies. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Selling, General and Administrative.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Selling, general and administrative expenses consist primarily of employee salaries and related
costs,
stock-based compensation, independent sales representative commissions, professional services, promotional and other selling and marketing expenses, and occupancy and other allocated overhead costs. A
significant portion of our selling effort is directed at building relationships with OEMs&nbsp;and other customers and working through the product approval and qualification process with them.
Therefore, the cost of material and overhead related to products manufactured for qualification is included in selling expenses. As we continue to service existing and establish new customers, we
anticipate that our sales and marketing expenses will increase. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Critical Accounting Policies  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The preparation of our consolidated financial statements in conformity with accounting principles generally accepted in the U.S.
requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial
statements and the reported amounts of net sales and expenses during the reporting period. By their nature, these estimates and assumptions are subject to an inherent degree of uncertainty. We base
our estimates on our historical experience, knowledge of current conditions and our beliefs of what could occur in the future considering available information. We review our estimates on an
on-going basis. Actual results may differ from these estimates, which may result in material adverse effects on our operating results and financial position. We believe the following
critical accounting policies involve our more significant assumptions and estimates used in the preparation of our consolidated financial statements: </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revenue Recognition.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;We recognize revenues in accordance with the Financial Accounting Standards Board ("FASB") Accounting Standards
Codification
("ASC") Topic 605. Accordingly, we recognize revenues when there is persuasive evidence that an arrangement exists, product delivery and acceptance have occurred, the sales price is fixed or
determinable, and collectibility of the resulting receivable is reasonably assured. </FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
generally use customer purchase orders and/or contracts as evidence of an arrangement. Delivery occurs when goods are shipped for customers with FOB Shipping Point terms and upon
receipt for customers with FOB Destination terms, at which time title and risk of loss transfer to the customer. Shipping documents are used to verify delivery and customer acceptance. We assess
whether the sales price is fixed or determinable based on the payment terms associated with the transaction and whether the sales price is subject to refund. Customers are generally allowed limited
rights of return for up to 30&nbsp;days, except for sales of excess component inventories, which contain no right-of-return privileges. Estimated returns are provided for at
the time of sale based on historical experience or specific identification of an event necessitating a reserve. We offer a standard product warranty to our customers and have no other
post-shipment obligations. We assess collectibility based on the creditworthiness of the customer as determined by credit checks and evaluations, as well as the customer's payment history. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
amounts billed to customers related to shipping and handling are classified as net sales, while all costs incurred by us for shipping and handling are classified as cost of sales. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair Value of Financial Instruments.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Our financial instruments consist principally of cash and cash equivalents, investments in
marketable
securities, accounts receivable, accounts payable, accrued expenses and debt instruments. Other than for certain investments in auction rate securities, commercial paper and short-term
corporate bonds, the fair value of our cash equivalents and investments in marketable securities is determined based on quoted prices in active markets for identical assets or Level&nbsp;1 inputs.
Because of their short-term nature, commercial paper and short-term corporate bonds are not frequently traded. Although there are observable quotes for these securities, the
markets are not considered active. Accordingly, the fair values of these investments are based on Level&nbsp;2 inputs. The fair value of our auction rate securities is determined based on
Level&nbsp;3 inputs. We recognize transfers between Levels&nbsp;1 through 3 of the fair value hierarchy at the beginning of the reporting period. We believe that the carrying values of all other
financial instruments approximate their current fair values due to their nature and respective durations. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Allowance for Doubtful Accounts.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;We perform credit evaluations of our customers' financial condition and limit the amount of credit
extended to our
customers as deemed necessary, but generally require no collateral. We evaluate the collectibility of accounts receivable based on a combination of factors. In cases where we are aware of
circumstances that may impair a specific customer's ability to meet its financial obligations subsequent to the original sale, we will record an allowance against amounts due, and thereby reduce the
net recognized receivable to the amount that we reasonably believe will be collected. For all other customers, we record allowances for doubtful accounts based primarily on the
length of time the receivables are past due based on the terms of the originating transaction, the current business environment and our historical experience. Uncollectible accounts are charged
against the allowance for doubtful accounts when all cost effective commercial means of collection have been exhausted. Generally, our credit losses have been within our expectations and the
provisions established. However, we cannot guarantee that we will continue to experience credit loss rates similar to those we have experienced in the past. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
accounts receivable are highly concentrated among a small number of customers, and a significant change in the liquidity or financial position of one of these customers could have a
material adverse effect on the collectability of our accounts receivable, our liquidity and our future operating results. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;We value our inventories at the lower of the actual cost to purchase or manufacture the inventory or the net realizable
value of the
inventory. Cost is determined on an average cost basis which approximates actual cost on a first-in, first-out basis and includes raw materials, labor and manufacturing
overhead. At each balance sheet date, we evaluate ending inventory quantities on hand and record a provision for excess quantities and obsolescence. Among other factors, we consider </FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>historical
demand and forecasted demand in relation to the inventory on hand, competitiveness of product offerings, market conditions and product life cycles when determining obsolescence and net
realizable value. In addition, we consider changes in the market value of DRAM ICs and NAND in determining the net realizable value of our raw material inventory. Once established, any write downs are
considered permanent adjustments to the cost basis of our excess or obsolete inventories. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
significant decrease in demand for our products could result in an increase in the amount of excess inventory quantities on hand. In addition, our estimates of future product demand
may prove to be inaccurate, in which case we may have understated or overstated the provision required for excess and obsolete inventory. In the future, if our inventories are determined to be
overvalued, we would be required to recognize additional expense in our cost of sales at the time of such determination. Likewise, if our inventories are determined to be undervalued, we may have
over-reported our costs of sales in previous periods and would be required to recognize additional gross profit at the time such inventories are sold. In addition, should the market value
of DRAM ICs or NAND decrease significantly, we may be required to lower our selling prices to reflect the lower current cost of our raw materials. If such price decreases reduce the net realizable
value of our inventories to less than our cost, we would be required to recognize additional expense in our cost of sales in the same period. Although we make every reasonable effort to ensure the
accuracy of our forecasts of future product demand, any significant unanticipated changes in demand, technological
developments or the market value of DRAM ICs or NAND could have a material effect on the value of our inventories and our reported operating results. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Impairment of Long-Lived Assets.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;We evaluate the recoverability of the carrying value of long-lived assets held and used in
our operations for impairment on at least an annual basis or whenever events or changes in circumstances indicate that their carrying value may not be recoverable. When such factors and circumstances
exist, we compare the projected undiscounted future net cash flows associated with the related asset or group of assets over their estimated useful lives against their respective carrying amount.
These projected future cash flows may vary significantly over time as a result of increased competition, changes in technology, fluctuations in demand, consolidation of our customers and reductions in
average selling prices. If the carrying value is determined not to be recoverable from future operating cash flows, the asset is deemed impaired and an impairment loss is recognized to the extent the
carrying value exceeds the estimated fair value of the asset. The fair value of the asset or asset group is based on market value when available, or when unavailable, on discounted expected cash
flows. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Warranty Reserve.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;We offer product warranties generally ranging from one to three years, depending on the product and negotiated terms
of purchase
agreements with our customers. Such warranties require us to repair or replace defective product returned to us during the warranty period at no cost to the customer. Warranties are not offered on
sales of excess inventory. Our estimates for warranty-related costs are recorded at the time of sale based on historical and estimated future product return rates and expected repair or replacement
costs. While such costs have historically been consistent between periods and within our expectations and the provisions established, unexpected changes in failure rates could have a material adverse
impact on us, requiring additional warranty reserves, and adversely affecting our gross profit and gross margins. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock-Based Compensation.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;We account for equity issuances to non-employees in accordance with ASC Topic 505. All transactions in which
goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity
instrument issued, whichever is more reliably measurable. The measurement date used to determine the fair value of the equity instrument issued is the earlier of the date on which the third-party
performance is complete or the date on which it is probable that performance will occur. </FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
accordance with ASC Topic 718, employee and director stock-based compensation expense recognized during the period is based on the value of the portion of stock-based payment awards
that is ultimately expected to vest during the period. Given that stock-based compensation expense recognized in the consolidated statements of operations is based on awards ultimately expected to
vest, it has been reduced for estimated forfeitures. ASC Topic 718 requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures
differ from those estimates. Our estimated average forfeiture rates are based on historical forfeiture experience and estimated future forfeitures. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
fair value of common stock option awards to employees and directors is calculated using the Black-Scholes option pricing model. The Black-Scholes model requires subjective
assumptions regarding future stock price volatility and expected time to exercise, along with assumptions about the risk-free interest rate and expected dividends, all of which affect the
estimated fair values of our common stock option awards. The expected term of options granted is calculated as the average of the weighted vesting period and the contractual expiration date of the
option. This calculation is based on the safe harbor method permitted by the SEC in instances where the vesting and exercise terms of options granted meet certain conditions and where limited
historical exercise data is available. The expected volatility is based on the historical volatility of our common stock. The risk-free rate selected to value any particular grant is based
on the U.S. Treasury rate that corresponds to the expected term of the grant effective as of the date of the grant. The expected dividends assumption is based on our history and our expectations
regarding dividend payouts. We evaluate the assumptions used to value our common stock option awards on a quarterly basis. If factors change and we employ different assumptions, stock- based
compensation expense may differ significantly from what we have recorded in prior periods. Compensation expense for common stock option awards with graded vesting schedules is recognized on a
straight-line basis over the requisite service period for the last separately vesting portion of the award, provided that the accumulated cost recognized as of any date at least equals the
value of the vested portion of the award. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
recognize the fair value of restricted stock awards issued to employees and outside directors as stock-based compensation expense on a straight-line basis over the vesting
period for the last separately vesting portion of the awards. Fair value is determined as the difference between the closing price of our common stock on the grant date and the purchase price of the
restricted stock award, if any, reduced by expected forfeitures. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
there are any modifications or cancellations of the underlying vested or unvested stock-based awards, we may be required to accelerate, increase or cancel any remaining unearned
stock-based compensation expense, or record additional expense for vested stock-based awards. Future stock-based compensation expense and unearned stock- based compensation may increase to the extent
that we grant additional common stock options or other stock-based awards. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income Taxes.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Deferred tax assets and liabilities are recognized to reflect the estimated future tax effects of future deductible or
taxable amounts
attributable to events that have been recognized on a cumulative basis in the consolidated financial statements, calculated at enacted tax rates for expected
periods of realization. We regularly review our deferred tax assets for recoverability and establish a valuation allowance, when determined necessary, based on historical taxable income, projected
future taxable income, and the expected timing of the reversals of existing temporary differences. Because we have operated at a loss for an extended period of time, we did not recognize deferred tax
assets related to losses incurred in 2011. Benefits recognized in 2010 were limited to those made available as a one-time carry-back through economic recovery legislation. In
the future, if we realize a deferred tax asset that currently carries a valuation allowance, we may record an income tax benefit or a reduction to income tax expense in the period of such realization. </FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASC Topic 740 prescribes a recognition threshold and measurement requirement for the financial statement recognition of a tax position that has been taken or is
expected to be taken on a tax return and also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. Under
ASC Topic 740 we may only recognize or continue to recognize tax positions that meet a "more likely than not" threshold. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
application of tax laws and regulations is subject to legal and factual interpretation, judgment and uncertainty. Tax laws and regulations themselves are subject to change as a
result of changes in fiscal policy, changes in legislation, the evolution of regulations and court rulings. Therefore, the actual liability for U.S. or foreign taxes may be materially different from
our estimates, which could result in the need to record additional tax liabilities or potentially reverse previously recorded tax liabilities. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B> Results of Operations  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth our consolidated statements of operations as a percentage of net sales for the years indicated: </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

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<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
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<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Year Ended </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Net sales</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>100</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>100</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Cost of sales</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>67</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>74</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Gross profit</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>33</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>26</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Operating expenses:</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Research and development</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>25</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>39</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Selling, general and administrative</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>18</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>29</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total operating expenses</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>42</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>68</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Operating loss</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(9</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(42</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Other (expense) income:</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Interest expense, net</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Other (expense) income, net</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total other (expense) income, net</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Loss before income tax benefit</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(9</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(42</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Income tax benefit</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(2</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Net loss</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2> (9</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)%</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2> (40</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)%</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
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 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>38</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=40,EFW="2206903",CP="NETLIST, INC.",DN="1",CHK=797854,FOLIO='38',FILE='DISK128:[11ZDX3.11ZDX45603]DK45603A.;8',USER='GKIBBE',CD='27-FEB-2012;14:33' -->
<A NAME="page_dk45603_1_39"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg45603a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B><I> Year Ended December&nbsp;31, 2011 Compared to the Year Ended January&nbsp;1, 2011  </I></B></FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><B><I> Net Sales, Cost of Sales and Gross Profit.  </I></B></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table presents net sales, cost of sales and gross profit for the years ended December&nbsp;31, 2011 and
January&nbsp;1, 2011 (in thousands, except percentages): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

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<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="45pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="37pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
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<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Year Ended </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Change </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>%<BR>
Change </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Net sales</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>60,729</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>37,855</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>22,874</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>60</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Cost of sales</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>40,468</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>27,910</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>12,558</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>45</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Gross profit</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>20,261</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>9,945</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>10,316</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>104</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Gross margin</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>33.4</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>26.3</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>7.1</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Sales.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The increase in net sales for 2011 as compared with 2010 resulted primarily from increases of approximately
(i)&nbsp;$19.7&nbsp;million in sales of NVvault&#153; RDIMMS used in cache-protection
and data logging applications, including $16.6&nbsp;million from the launch of NVvault&#153; battery-free, the flash-based cache system that became generally available in 2010,
(ii)&nbsp;$3.4&nbsp;million in sales of flash memory products, resulting from existing and new customer qualifications, and (iii)&nbsp;$1.0&nbsp;million in sales of HyperCloud&#153;
memory modules, offset by a decrease of $2.4&nbsp;million in sales of specialty memory modules used in industrial applications as one customer slowed production as a result of its product nearing
the end of its life cycle. Approximately 93% of our NVvault&#153; sales were made to Dell in 2011. We expect a decline of Dell NVvault&#153; sales through 2013 following Intel's launch
of its Romley platform in the first quarter of 2012. This reduction in sales could have a significant impact on our revenue and gross profit. We expect an increasing percentage of our revenue to come
from sales of NVvault to a more diverse customer base, as well as from sales of our HyperCloud&#153; products. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gross Profit and Gross Margin.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The overall improvements in gross profit and gross margin are due to increased sales and manufacturing
volume, as well
as a shift in sales toward higher margin products. Gross profit for 2011 as compared to 2010 increased due to the 60% increase in net sales between the two periods, resulting in an improved ability to
absorb fixed manufacturing costs. These volume based improvements were augmented by decreased DRAM prices, which positively affected margins in some product categories. As noted previously, the
expected decline in Dell NVvault&#153; sales could have a significant impact on our revenue and gross profit. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><B><I> Research and Development.  </I></B></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table presents research and development expenses for the years ended December&nbsp;31, 2011 and January&nbsp;1, 2011
(in thousands, except percentages): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

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<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="37pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="37pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Year Ended </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Change </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>%<BR>
Change </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Research and development</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>14,924</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>14,762</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>162</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
increase in research and development expense in 2011 as compared to 2010 resulted primarily from increases of $1.4&nbsp;million in engineering expenses as a result of an increase
in both internal engineering headcount and outside contractors engaged in new product development activities offset by reductions of (i)&nbsp;$0.9&nbsp;million in legal and professional fees due
to the deferral of certain patent protection court cases while we respond to reexamination requests at the USPTO, and (ii)&nbsp;$0.3&nbsp;million in material expenses related to product builds and
testing, primarily related to our HyperCloud&#153; products. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>39</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
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<A NAME="page_dk45603_1_40"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg45603a_main_toc">Table of Contents</A></FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><B><I> Selling, General and Administrative.  </I></B></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table presents selling, general and administrative expenses for the years ended December&nbsp;31, 2011 and
January&nbsp;1, 2011 (in thousands, except percentages): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

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<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="37pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="37pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
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<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Year Ended </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Change </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>%<BR>
Change </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Selling, general and administrative</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>10,705</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>11,041</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(336</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2> (3</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)%</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Selling,
general and administrative expense decreased by approximately $0.3&nbsp;million in 2011 as compared to 2010. We incurred increases of approximately $0.1&nbsp;million in
headcount cost and $0.1&nbsp;million in outside administrative services, offset by a decrease of $0.5&nbsp;million in overhead-related expenses, primarily due to lower facility cost. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><B><I> Other Income, Net.  </I></B></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table presents other income, net for the years ended December&nbsp;31, 2011 and January&nbsp;1, 2011 (in thousands,
except percentages): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
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<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="37pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="37pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Year Ended </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Change </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>%<BR>
Change </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Interest expense, net</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(228</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(42</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(186</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>443</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Other (expense) income, net</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(56</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>71</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(127</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2> (179</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)%</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total other (expense) income, net</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(284</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>29</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(313</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2> (1,079</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)%</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
increase in interest expense, net for 2011 compared with 2010 was the result of interest on our borrowings under our two term loans, which were originated in September 2010 and May
2011. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other
expense, net for 2011 was primarily comprised of a realized loss of $59,000 from the sale of an auction rate security that was purchased in 2008. Illiquidity in the market for
auction rate securities had resulted in unrealized losses on two securities that were owned. The unrealized loss was recorded as a component of other comprehensive loss through the date of disposal.
We were able to liquidate one of
the securities at approximately its book value as a result of a tender request from the issuer. We continue to own one auction rate security which has been marked to its fair value through other
comprehensive loss. Other income, net, for 2010 was primarily comprised of cash proceeds from the early termination of a sublease of our headquarters facility. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><B><I> Income Tax Benefit.  </I></B></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table presents the benefit for income taxes for the years ended December&nbsp;31, 2011 and January&nbsp;1, 2011 (in
thousands, except percentages): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

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<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="37pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="37pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Year Ended </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Change </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>%<BR>
Change </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Income tax beneft</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(53</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(714</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>661</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2> (93</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)%</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
federal statutory rate was 35% for 2011 and 2010. In both 2011 and 2010 we continued to provide a full valuation allowance against our net deferred tax assets, which consist
primarily of net operating loss carry-forwards. In 2011 and 2010, our effective tax rate differed from the 35% statutory rate primarily due to the valuation allowance on newly generated loss
carry-forwards, offset in 2010 by the realization of $0.7 from a one-time carry-back of net operating losses allowed by economic recovery </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>40</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=42,EFW="2206903",CP="NETLIST, INC.",DN="1",CHK=881919,FOLIO='40',FILE='DISK128:[11ZDX3.11ZDX45603]DK45603A.;8',USER='GKIBBE',CD='27-FEB-2012;14:33' -->
<A NAME="page_dk45603_1_41"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg45603a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>legislation.
For further discussion see Note&nbsp;8 to the Consolidated Financial Statements included in Part&nbsp;IV, Item&nbsp;15 of this Report. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Included
in the unrecognized tax benefits at December&nbsp;31, 2011 and January&nbsp;1, 2011 was approximately $0.02&nbsp;million and $0.08&nbsp;million, respectively, of tax
positions that, if recognized, would affect our annual effective tax rate. We reduced our unrecognized tax benefits by approximately $55,000 during 2011 as a result of a lapse in a federal statute of
limitations, resulting in an income tax benefit. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
2008, we began operating under tax holidays in the PRC, which are effective from January 2008 through December 2012. Since we operated at a loss in the PRC in 2011 and 2010, we did
not realize any benefit attributable to the tax holidays. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Liquidity and Capital Resources  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have historically financed our operations primarily through issuances of equity and debt securities and cash generated from
operations. We have also funded our operations with a revolving line of credit and term loans under our bank credit facility, capitalized lease obligations, and from the sale and leaseback of our
domestic manufacturing facility. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><B><I> Working Capital, Cash and Cash Equivalents, and Marketable Securities.  </I></B></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table presents working capital, cash and cash equivalents and investments in marketable securities (in thousands): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Working capital</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>17,775</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>17,691</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Cash and cash equivalents(1)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>10,535</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>14,210</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Short-term marketable securities(1)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>824</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Long-term marketable securities</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>444</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>890</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>10,979</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>15,924</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
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 </DIV>
<DIV style="padding:0pt;position:relative;text-align:left;margin-left:15%;">
 <DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Included
in working capital </FONT></DD></DL>
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
working capital increased slightly in 2011. Increases in operating assets resulting from our increase in sales and investments in inventory required to support the development of our
HyperCloud&#153; products were financed with the proceeds of a $3.0&nbsp;million term loan, a portion of which matures on a long-term basis. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><B><I> Cash Provided and Used in the Years Ended December&nbsp;31, 2011 and January&nbsp;1, 2011.  </I></B></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table summarizes our cash flows for the periods indicated: </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

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<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
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<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Year Ended </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Net cash provided by (used in):</B></FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Operating activities</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(7,424</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(15,404</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Investing activities</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>520</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2,180</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Financing activities</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3,229</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>17,492</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Net increase (decrease) in cash and cash equivalents</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(3,675</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>4,268</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
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 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>41</FONT></P>

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<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg45603a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating Activities.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Net cash used in operating activities for the year ended January&nbsp;1, 2011 was primarily the result of
(i)&nbsp;a net
loss of approximately $5.6&nbsp;million and (ii)&nbsp;approximately $5.8&nbsp;million in net cash used by changes in operating assets and liabilities, primarily accounts receivable and
inventory. Cash used to fund net losses is reduced by approximately $4.0&nbsp;million in net non-cash operating expenses, mainly comprised of depreciation and amortization and
stock-based compensation. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts
receivable increased approximately $5.0&nbsp;million at December&nbsp;31, 2011 compared with January&nbsp;1, 2011, primarily as a result of net sales of
$16.4&nbsp;million in the fourth quarter of 2011 compared with $10.1&nbsp;million in the fourth quarter of 2010. During 2011 and 2010, we were successful in collecting cash from sales to our
customers substantially in accordance with our standard payment terms to those customers. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories
increased approximately $1.5&nbsp;million during 2011 primarily due to qualification activities for our HyperCloud&#153; products. Specifically, we received
$2.5&nbsp;million under a purchase commitment for ASIC devices and purchased inventory to build samples that we are required to supply as a result of our HyperCloud&#153; collaboration
agreements with HP and IBM. In the future, our inventory levels will continue to be determined based on, among other factors, the level of customer orders received and overall demand as well as the
stage at which our products are in their respective life cycles and competitive situations in the marketplace. We make efforts to balance such considerations against the risk of obsolescence or
potentially excess inventory levels. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts
payable, net of amounts due for property and equipment purchases, decreased approximately $0.2&nbsp;million during 2011 despite increased production levels, primarily as a
result of expansion of trade credit, and continued stringent cash management. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net
cash used in operating activities for the year ended January&nbsp;1, 2011 was primarily the result of (i)&nbsp;a net loss of approximately $15.1&nbsp;million and
(ii)&nbsp;approximately $4.0&nbsp;million in net cash used by changes in operating assets and liabilities, primarily accounts receivable and inventory. Cash used to fund net losses is reduced by
approximately $3.7&nbsp;million in net non-cash operating expenses, mainly comprised of depreciation and amortization and stock-based compensation. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investing Activities.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;In 2011 and 2010, we continued to invest remaining net proceeds from our public offerings and debt financing in
various money
market and marketable securities investments in connection with our efforts to both preserve capital as well as achieve competitive returns on our investments. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net
cash provided by investing activities for the year ended December&nbsp;31, 2011 was primarily the result of proceeds from the maturities and sales of marketable securities of
approximately $1.3&nbsp;million. We also used approximately $0.7&nbsp;million in cash primarily to purchase equipment related to our production facilities in the PRC and our research and
development activities in Irvine, California. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net
cash provided by investing activities for the year ended January&nbsp;1, 2011 was primarily the result of proceeds from the maturities and sales of marketable securities of
approximately $5.5&nbsp;million, partially offset by purchases of investments in marketable securities of approximately $2.4&nbsp;million. We also used approximately $0.9&nbsp;million in cash
primarily to purchase equipment. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financing Activities.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by financing activities for the year ended December&nbsp;31, 2011 was primarily the result of
the net
proceeds of $2.9&nbsp;million from a new term loan obtained from Silicon Valley Bank and $1.9&nbsp;million from the sale of 697,470 shares of our common stock through our sales agreement with
Ascendiant, described below under the caption </FONT><FONT SIZE=2><I>Capital Resources</I></FONT><FONT SIZE=2>, offset by repayments of $1.7&nbsp;million on the term loans and capital lease
obligations. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net
cash provided by financing activities for the year ended January&nbsp;1, 2011 was primarily the result of the net proceeds of $16.2&nbsp;million from the sale of 4,594,250 shares
of our common stock in a registered public offering, which closed on March&nbsp;24, 2010, and the proceeds of a $1.5&nbsp;million term loan obtained from Silicon Valley Bank, offset by repayments
of $0.3&nbsp;million on the term loan and capital lease obligations. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>42</FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>
<A HREF="#bg45603a_main_toc">Table of Contents</A> </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In 2011 and 2010, we utilized our lines of credit with Silicon Valley Bank to fund short-term working capital needs and collateralize vendor credit. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><B><I> Capital Resources.  </I></B></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On October&nbsp;31, 2009, we entered into a credit agreement with Silicon Valley Bank, which was amended on March&nbsp;24, 2010,
June&nbsp;30, 2010, September&nbsp;30, 2010, May&nbsp;11, 2011 and August&nbsp;10, 2011. Currently, the credit agreement provides for a line of credit pursuant to which we can borrow up to the
lesser of (i)&nbsp;80% of eligible accounts receivable, or (ii)&nbsp;$10.0&nbsp;million. We have the option to increase credit availability to $15.0&nbsp;million at any time through the
maturity date of September&nbsp;30, 2013, subject to the conditions of the credit agreement. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
credit agreement contains an overall sublimit of $10.0&nbsp;million to collateralize our contingent obligations under letters of credit, foreign exchange contracts and cash
management services. Amounts outstanding under the overall sublimit reduce the amount available pursuant to the credit agreement. At October&nbsp;1, 2011, letters of credit in the amount of
$2.8&nbsp;million were outstanding. The letters of credit expired in October 2011, and were renewed for $2.0&nbsp;million through October&nbsp;31, 2012. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest
on the line of credit is payable monthly at either (i)&nbsp;prime plus 1.25%, as long as we maintain $8.5&nbsp;million in revolving credit availability plus unrestricted
cash on deposit with the bank, or (ii)&nbsp;prime plus 2.25%. Additionally, the credit agreement requires payments for an unused line, as well as anniversary and early termination fees, as
applicable. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table presents details of outstanding borrowings and availability under our line of credit (in thousands): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

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<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
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<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Availability under the revolving line of credit</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>7,797</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>5,100</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Outstanding borrowings on the revolving line of credit</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Amounts reserved under credit sublimits</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(2,022</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(2,900</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Unutilized borrowing availability under the revolving line of credit</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>5,775</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>2,200</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
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 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Outstanding
borrowings under the Silicon Valley Bank line of credit did not exceed $1.0&nbsp;million at any time during 2011 or 2010. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition, in connection with the September&nbsp;30, 2010 amendment, Silicon Valley Bank extended a $1.5&nbsp;million term loan under the credit agreement, which bears interest at
a rate of prime plus 2.00%. We are required to make equal monthly principal payments over the 36&nbsp;month term, which total $0.5&nbsp;million annually. In May 2011, Silicon Valley Bank extended
an additional $3.0&nbsp;million term loan, and extended the term of the existing credit facility through September 2013, which eliminated the potential balloon payment on the first term loan. The
second term loan bears interest at a rate of prime plus 2.75%, and is payable in equal installments over the 24&nbsp;month term of the loan, totaling $1.5&nbsp;million annually. As of
December&nbsp;31, 2011, $3.0&nbsp;million was outstanding under the term loans. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
obligations under the credit agreement are secured by a first priority lien on our tangible and intangible assets. The only restriction on the use of funds under the revolving line
of credit is that we must be in compliance with the covenants of the credit agreement. The credit agreement includes affirmative and negative covenants, including financial covenants with respect to
our liquidity and tangible net worth and restrictions on the payment of dividends. As of December&nbsp;31, 2011, we were in compliance with all financial covenants and expect to maintain compliance
for the foreseeable future.
However, we have in the past been in violation of one or more covenants of other credit agreements, and we could violate one or more covenants in the future. If we were to be in violation of covenants </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>43</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
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<P style="font-family:times;"><FONT SIZE=2>under
our credit agreement, our lender could choose to accelerate payment on all outstanding loan balances and we could lose vendor credit should the letters of credit issued under the credit
agreement become unavailable. If that were to occur, we may be unable to quickly obtain equivalent or suitable replacement financing. If we were not able to secure alternative sources of funding, such
acceleration would have a material adverse impact on our financial condition. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
November&nbsp;21, 2011, we entered into a sales agreement with Ascendiant as sales agent. In accordance with the terms of the sales agreement, we may issue and sell shares of our
common stock having an aggregate offering price of up to $10.0&nbsp;million. Sales of shares of our common stock may be made in a series of transactions from time to time as we may direct Ascendiant
in sales deemed to be an "at the market" offering as defined in Rule&nbsp;415 under the Securities Act of 1933. Such sales are made pursuant to our effective $40&nbsp;million shelf registration
statement filed with the SEC in September 2011. As of December&nbsp;31, 2011, we had received net proceeds of approximately $1.9&nbsp;million raised through the sale of approximately 697,470
shares. We may terminate the sales agreement with Ascendiant at any time. As a result of such termination, we would expect to make available any remaining unsold portion of the $10.0&nbsp;million in
aggregate offering price for any other sources of financing that are permitted under the effective shelf registration statement. The sales agreement with Ascendiant does not preclude us from pursuing
other sources of financing. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
have in the past utilized equipment leasing arrangements to finance certain capital expenditures. Equipment leases continue to be a financing alternative that we expect to pursue in
the future. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
believe our existing cash balances, borrowing availability under our bank credit facility, and the cash expected to be generated from operations, will be sufficient to meet our
anticipated cash needs for at least the next 12&nbsp;months. Our future capital requirements will depend on many factors, including our levels of net sales, the timing and extent of expenditures to
support research and development activities, the expansion of manufacturing capacity both domestically and internationally and the continued market acceptance of our products. We could be required, or
may choose, to seek additional funding through public or private equity or debt financings. In addition, in connection with any future acquisitions, we may require additional funding which may be
provided in the form of additional debt or equity financing or a combination thereof. These additional funds may not be available on terms acceptable to us, or at all. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><B><I> Off-Balance Sheet Arrangements.  </I></B></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We do not have any relationships with unconsolidated entities or financial partnerships, such as entities often referred to as
structured finance or special purpose entities, which would have been established for the purpose of facilitating off-balance sheet arrangements or other contractually narrow or limited
purposes. In addition, we do not have any undisclosed borrowings or debt, and we have not entered into any synthetic leases. We are, therefore, not materially exposed to any financing, liquidity,
market or credit risk that could arise if we had engaged in such relationships. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> New Accounting Pronouncements  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In May 2011, the FASB issued Accounting Standards Update ("ASU") No.&nbsp;2011-4, Fair Value Measurement ("ASU
11-4"). ASU 11-4 amends existing guidance to achieve convergence in measurement and disclosure between U.S. Generally Accepted Accounting Standards ("GAAP") and International
Financial Reporting Standards ("IFRS"). ASU 11-4 is effective for fiscal year 2012. The Company is currently evaluating the impact that ASU 11-4 will have on its consolidated
financial statements. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
June 2011, the FASB issued ASU No.&nbsp;2011-5, Comprehensive Income ("ASU 11-5"). ASU 11-5 amends existing guidance to increase the prominence
of items reported in other comprehensive income </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>44</FONT></P>

<HR NOSHADE>
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<P style="font-family:times;"><FONT SIZE=2><A
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<P style="font-family:times;"><FONT SIZE=2>and
to facilitate convergence of U.S.&nbsp;GAAP and IFRS. ASU 11-5 is effective for fiscal year 2012. The Company is currently evaluating the impact that ASU 11-4 will have
on its consolidated financial statements.  </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><A
NAME="dm45603_item_8._financial_statements_and_supplementary_data"> </A>
<A NAME="toc_dm45603_1"> </A></FONT> <FONT SIZE=2><B>  Item&nbsp;8.&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Supplementary Data    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The financial statements and supplementary data required by this item are included in Part&nbsp;IV, Item&nbsp;15 of this Report. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><A
NAME="dm45603_item_9._changes_in_and_disagre__ite03576"> </A>
<A NAME="toc_dm45603_2"> </A></FONT> <FONT SIZE=2><B>  Item&nbsp;9.&nbsp;&nbsp;&nbsp;&nbsp;Changes in and Disagreements With Accountants on Accounting and Financial Disclosure    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None.  </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><A
NAME="dm45603_item_9a._controls_and_procedures"> </A>
<A NAME="toc_dm45603_3"> </A></FONT> <FONT SIZE=2><B>  Item&nbsp;9A.&nbsp;&nbsp;&nbsp;&nbsp;Controls and Procedures    <BR>    </B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B> Disclosure Controls and Procedures  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under the supervision and with the participation of our management, including our principal executive officer and principal financial
officer, we conducted an evaluation of our disclosure controls and procedures, as such term is defined in Rule&nbsp;13a-15(e) under the Exchange Act, as of the end of the period covered
by this report. Based on this evaluation, our principal executive officer and our principal financial officer concluded that our disclosure controls and procedures were effective to provide reasonable
assurance that information required to be disclosed by us in reports we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the
SEC's rules and forms, and is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate to allow timely decisions
regarding required disclosures. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Management's Report on Internal Control Over Financial Reporting  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is
defined in Exchange Act Rule&nbsp;13a-15(f). Under the supervision and with the participation of our management, including our principal executive officer and principal financial
officer, we conducted an evaluation of the effectiveness of our internal control over financial reporting as of December&nbsp;31, 2011 based on the criteria set forth in </FONT> <FONT SIZE=2><I>Internal Control&#151;Integrated
Framework</I></FONT><FONT SIZE=2> issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on this
evaluation, our management concluded that our internal control over financial reporting was effective as of December&nbsp;31, 2011. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Annual Report does not include an attestation report of our independent registered public accounting firm regarding internal control over financial reporting. Management's report
was not subject to attestation by our independent registered public accounting firm pursuant to the rules of the Securities and Exchange Commission that permit us to provide only management's report
in this Annual Report. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Changes in Internal Control Over Financial Reporting  </B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There were no changes in our internal control over financial reporting during the fourth quarter of 2011 that have materially affected,
or are reasonably likely to materially affect, our internal control over financial reporting. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Inherent Limitations on Internal Control  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives
of the control system are met. Further, the benefits of controls </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>45</FONT></P>

<HR NOSHADE>
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<P style="font-family:times;"><FONT SIZE=2>must
be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances
of fraud, if any, have been detected. These inherent limitations include the realities that judgments in decision making can be faulty, and that breakdowns can occur because of simple errors.
Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the control. The design of any system of controls is
also based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future
conditions. Because of the inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
addition, projections of any evaluation of effectiveness to future periods are subject to risks that controls may become inadequate because of changes in conditions, or the degree of
compliance with the policies or procedures may deteriorate.  </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><A
NAME="dm45603_item_9b._other_information"> </A>
<A NAME="toc_dm45603_4"> </A></FONT> <FONT SIZE=2><B>  Item&nbsp;9B.&nbsp;&nbsp;&nbsp;&nbsp;Other Information    <BR>    </B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In December 2011, we received gross proceeds of approximately $2,151,000 and net proceeds of approximately $1,891,000 raised through
the sale of 697,470 shares of our common stock pursuant to our sales agreement with Ascendiant. The shares were released for sale to the public at a price equal to the current market price in an
"at-the-market" offering as defined under Rule&nbsp;415 under the Securities Act of 1933, and are made under our effective shelf registration statement previously filed with
the SEC. We paid commissions of 3.5%, or approximately $75,000, to Ascendiant. Additionally, we paid Ascendiant $50,000 in a non-accountable expense reimbursement in association with the
initiation of the sales agreement. We also incurred third party transaction costs totaling approximately $135,000. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dm45603_part_iii"> </A>
<A NAME="toc_dm45603_5"> </A>
<BR></FONT><FONT SIZE=2><B>  PART III    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><A
NAME="dm45603_item_10._directors,_executive___ite02336"> </A>
<A NAME="toc_dm45603_6"> </A></FONT> <FONT SIZE=2><B>  Item&nbsp;10.&nbsp;&nbsp;&nbsp;&nbsp;Directors, Executive Officers and Corporate Governance    <BR>    </B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following individuals serve as the Directors and executive officers of our company. There are no familial relationships between any
of our directors or our executive officers and any other director or executive officer. </FONT></P>
 <DIV style="padding:0pt;position:relative;width:54%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

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<TD WIDTH="20pt" style="font-family:times;"></TD>
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<TD WIDTH="153pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="153pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
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<TD WIDTH="12pt" style="font-family:times;"></TD>
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<TH NOWRAP  ALIGN="LEFT" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:21pt;"><FONT SIZE=1><B>Name

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 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Age </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Board Committees </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Positions </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Date Elected or<BR>
Appointed </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Chun Ki Hong</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>51</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>President, Chief Executive<BR>
Officer and Chairman of<BR>
the Board</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>2000</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Richard J. Char</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>52</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Audit (Chair) and<BR>
Compensation</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Director</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>2010</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Thomas F. Lagatta</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>54</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Audit, Compensation<BR>
(Chair) and Nominating<BR>
and Corporate Governance</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Director</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>2006</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Claude M. Leglise</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>56</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Director</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>2011</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Alan H. Portnoy</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>66</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Audit and Nominating and<BR>
Corporate Governance<BR>
(Chair)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Director</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>2004</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Gail Sasaki</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>55</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Vice President, Chief<BR>
Financial Officer and<BR>
Secretary</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>2008</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
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<P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Board of Directors.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Our Board of Directors currently consists of five members, four of whom have been determined to be independent
under the rules
and listing requirements of The NASDAQ Global Market, referred to herein as the NASDAQ rules. Please see the section titled "Director Independence" below for more information. Vacancies on the Board
may be filled only by persons elected by a majority of the remaining directors. A director elected by the Board to fill a vacancy in a class shall serve for the remainder of the full term of that
class, and until the director's successor is elected and qualified. This includes vacancies created by an increase in the number of directors. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
biographies of each of the nominees for director below contains information regarding the person's service as a director, business experience, director positions held currently or at
any time during the last five years, information regarding involvement in certain legal or administrative proceedings, if applicable, and the experiences, qualifications, attributes or skills that
caused the Nominating and Corporate Governance Committee and the Board to determine that the person should serve as a director for the Company. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
nominee brings a strong and unique background and set of skills to the Board of Directors, giving the Board as a whole competence and experience in a wide variety of areas,
including corporate governance and board service, executive management, law and regulation, experience in the memory systems market and experience with manufacturers. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Chun Ki Hong</I></FONT><FONT SIZE=2> is one of the founders of Netlist and has been our president and chief executive officer and a director since our inception.
Mr.&nbsp;C.K. Hong assumed the title of chairman of the Board of Directors in January 2004. From September 2000 to September 2001, Mr.&nbsp;C.K. Hong served as president and chief operating
officer of Infinilink Corporation, a DSL equipment company. Mr.&nbsp;C.K.&nbsp;Hong assisted us on a part-time basis until his departure from Infinilink, at which time he assumed
full-time responsibilities with us. From July 1998 until September 2000, Mr.&nbsp;C.K.&nbsp;Hong served as Executive Vice President of Viking Components,&nbsp;Inc., a memory
subsystems manufacturing company. From November 1997 to June 1998, he was General Manager of Sales at LG Semicon&nbsp;Co.,&nbsp;Ltd., a public semiconductor manufacturing company in South Korea.
From April 1992 to October 1997, Mr.&nbsp;C.K. Hong served as Director of Sales at LG Semicon America, Incorporated, a subsidiary of LG. From December 1983 to March 1992, Mr.&nbsp;C.K. Hong held
various management positions at LG&nbsp;Subsidiaries in South Korea. Mr.&nbsp;C. K. Hong received his B.S. in economics from Virginia Commonwealth University and his M.S. in technology management
from Pepperdine University's Graduate School of Management. As one of our founders, Mr.&nbsp;C.K. Hong brings to the Board extensive knowledge of the organization and our market. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Richard J. Char</I></FONT><FONT SIZE=2> has served as Managing Director and Global Head of Information Services for Citi's Global Enterprise Payments group since
September 2011. Citi GEP is leading Citi's initiative to be the world's leading digital bank. The information services business applies Big Data analytics to Citi information resources in order to
present Citi customers with highly targeted offers from leading retailers and businesses. Mr.&nbsp;Char served as CEO of VIPGift&nbsp;LLC, a provider of corporate and consumer loyalty and
incentive programs from October 2008 to March 2010. From June 2006 to July 2008, Mr.&nbsp;Char was the senior vice president of corporate development and general counsel at Blackhawk
Network,&nbsp;Inc., a provider of prepaid merchant gift cards and network branded cards. From March 2003 to April 2005, Mr.&nbsp;Char served as the president and chief executive officer of IC
Media, a developer of CMOS image sensors that was acquired in April 2005. Prior to joining IC Media, from March 1999 to January 2002, Mr.&nbsp;Char was managing director with the Technology Group of
Credit Suisse First Boston. From 1997 to 1999, Mr.&nbsp;Char was co-head of technology investment banking at Cowen&nbsp;&amp; Company, and from 1984 to 1997; he was a partner in the law
firm of Wilson Sonsini Goodrich&nbsp;&amp; Rosati. Mr.&nbsp;Char currently serves on the board of directors of Iteris,&nbsp;Inc. (AMEX: ITI) and serves as a member of its audit committee.
Mr.&nbsp;Char received his A.B. degree from Harvard College and his J.D. degree from Stanford Law School. Mr.&nbsp;Char brings to the Board of Directors executive leadership experience, as well as
corporate finance and corporate development experience. </FONT></P>

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<A HREF="#bg45603a_main_toc">Table of Contents</A> </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>Thomas F. Lagatta</I></FONT><FONT SIZE=2> has served as Executive Vice President of Worldwide Sales for Broadcom Corp. since June 2006.
Prior to that, he served as the Enterprise Computing Group's senior vice president and general manager since 2003. He joined Broadcom in 2002. Prior to that, Mr.&nbsp;Lagatta served as vice
president and general manager of Anadigics,&nbsp;Inc., a semiconductor manufacturer. Before Anadigics, Mr.&nbsp;Lagatta served as vice president of business development at Avnet,&nbsp;Inc. Prior
to Avnet, Mr.&nbsp;Lagatta served in various senior management and technical positions for over 11&nbsp;years at Symbios Logic, a storage systems company. Mr.&nbsp;Lagatta received his B.S.E.E.
from Ohio State University and M.S.E.E. from the University of Southern California. Mr.&nbsp;Lagatta has leadership experience with manufacturing companies in sales management and building strategic
relationships with large system OEMs. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Claude M. Leglise</I></FONT><FONT SIZE=2> co-founded ClearSpot Energy,&nbsp;Inc., a solar energy services company in 2007, where he serves as
Managing Director. From 2010 to February 2012, Leglise served as a member of the Board of Directors of Camelot Information Systems&nbsp;Inc., a publicly held company that is a leading provider of
enterprise application services and financial industry information technology services in China. Prior to his tenure at ClearSpot Energy,&nbsp;Inc., Leglise served as Head of the San Francisco
office of WI Harper Group, a venture capital firm where he also served as Managing Director from 2006 to 2007. Prior to WI&nbsp;Harper, Leglise had a successful career at Intel Corporation that
spanned more than two decades. From 2001 to 2005, he served as Vice President of Intel Capital where he was responsible for the company's venture capital investments outside the United States. From
1982 to 2005, he served as Vice President and General Manager of the Home Products Group, Vice President of the Content group, Director of Worldwide Developer Relations, Director of Marketing in the
Microprocessor division and as General Manager of the Supercomputers Components Operation. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Alan H. Portnoy</I></FONT><FONT SIZE=2> has served as a member of our Board of Directors since March 2004. He is also a business consultant to Amiral
Advisors,&nbsp;LLC, a corporate advisory firm. Mr.&nbsp;Portnoy has previously served as president of Macronix America,&nbsp;Inc., chief operating officer of LG Semicon America, vice president
of General Instruments Corporation and senior vice president of Silicon Systems. Mr.&nbsp;Portnoy began his career with Fairchild Semiconductor. He received a B.S. in Electrical Engineering from
Rensselaer Polytechnic Institute and an MBA from Carnegie-Mellon University. Mr.&nbsp;Portnoy brings leadership to the Board, experience in the memory manufacturing industry and decades of operating
experience. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><I>Gail Sasaki</I></FONT><FONT SIZE=2> has been our vice president and chief financial officer since January 2008 and our secretary since August 2007. From 2006 to
January 2008, Ms.&nbsp;Sasaki has served as our vice president of finance. From 2001 to 2005, Ms.&nbsp;Sasaki took time away from the workforce for personal reasons. From 2000 to 2001,
Ms.&nbsp;Sasaki served as chief financial officer of eMaiMai,&nbsp;Inc., a commercial technology company based in Hong Kong and mainland China. From 1997 to 2000, Ms.&nbsp;Sasaki was senior vice
president of finance, secretary and treasurer of eMotion,&nbsp;Inc., formerly Cinebase Software, a Vienna, VA-based developer of business-to-business media
management software and services. From 1989 to 1997, Ms.&nbsp;Sasaki was chief financial officer of MicroNet Technology,&nbsp;Inc., an Irvine-based leader in storage technology. Ms.&nbsp;Sasaki
spent seven years in public accounting leaving as an audit manager with Arthur Young (now known as Ernst&nbsp;&amp; Young&nbsp;LLP) in Century City, CA. Ms.&nbsp;Sasaki earned a Bachelor's degree
from the University of California at Los Angeles, and also earned a Master of Business Administration degree from the University of Southern California. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B> Corporate Governance Guidelines; Code of Business Conduct  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our Board of Directors has adopted a set of corporate governance guidelines established to assist the Board of Directors and its
committees in performing their duties and serving the best interests of the company and our stockholders. Our corporate governance guidelines are available on our website, located at </FONT> <FONT SIZE=2><I>http://www.netlist.com</I></FONT><FONT
SIZE=2>. We also have a Code of Business Conduct and Ethics. This code describes certain ethical principles that we have established for
the conduct of our business and </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>48</FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>outlines
certain key legal requirements of which all employees must be generally aware and with which all employees must comply. Our Code of Business Conduct and Ethics is available on our website,
located at </FONT><FONT SIZE=2><I>http://www.netlist.com</I></FONT><FONT SIZE=2>. In the event that we make any amendment to, or grant any waivers of, a provision of the Code of Business Conduct and
Ethics that applies to the principal executive officer, principal financial officer, or principal accounting officer that requires disclosure under applicable rules
promulgated under the Securities Act or Exchange Act, we intend to disclose such amendment or waiver and the reasons there for on our Internet site. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Board Committees  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our Board of Directors has established the following committees: the Audit Committee, the Compensation Committee, and the Nominating
and Corporate Governance Committee. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> Audit Committee  </I></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Messrs.&nbsp;Char, Portnoy and Lagatta served on our Audit Committee during fiscal year 2011. Mr.&nbsp;Char joined the Audit
Committee, and became its Chair upon his appointment to the Board of Directors in January 2010. Our Board of Directors determined that Mr.&nbsp;Char qualifies as an "audit committee financial
expert" in accordance with Securities and Exchange Commission (the "SEC") rules, and that each current member of our Audit Committee is "independent" under the NASDAQ rules. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
Board of Directors has adopted a written charter for our Audit Committee. The charter is set forth on our website, located at </FONT> <FONT SIZE=2><I>http://www.netlist.com</I></FONT><FONT SIZE=2>. Our Audit Committee (a)&nbsp;oversees the integrity
of our consolidated financial statements, our financial reporting process,
systems of accounting, internal controls and disclosure controls and procedures, and our financial reporting legal and regulatory compliance, (b)&nbsp;reviews and approves in advance any
transactions by us with related parties, (c)&nbsp;appoints our independent registered public accounting firm, (d)&nbsp;monitors the independence and performance of our independent registered
public accounting firm, (e)&nbsp;is responsible for setting the corporate tone for quality financial reporting and sound business risk practices and ethical behavior and, (f)&nbsp;provides an
avenue of communication among the independent registered public accounting firm, management, and our Board of Directors. The Audit Committee must also pre-approve all audit services and,
subject to a "de minimus" exception, all other services performed by the independent registered public accounting firm. Our Audit Committee also has the responsibility to review with management and
approve in advance any transactions or courses of dealing with related parties. Our Audit Committee met four times during fiscal year 2011 and met with our independent registered public accounting
firm without management present on four occasions in fiscal year 2011. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> Compensation Committee  </I></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Messrs.&nbsp;Lagatta (Chair) and Char served on our Compensation Committee during fiscal year 2011. Each of the members of our
Compensation Committee is independent in accordance with the NASDAQ rules. Each of the members of this committee is also currently a "non-employee director" as that term is defined under
Rule&nbsp;16b-3 of the Securities Exchange Act of 1934 (the "Exchange Act") and an "outside director" as that term is defined in Internal Revenue Service Regulations. Our Compensation
Committee reviews the performance of our chief executive officer and other executives and makes decisions and specific recommendations regarding their compensation to the Board of Directors with the
goal of ensuring that our compensation system for our executives, as well as our philosophy for compensation for all employees, is aligned with the long term interests of our stockholders and does not
encourage our executives to take excessive or unnecessary risks that might threaten our long-term value. The Compensation Committee also oversees the development of executive succession
plans. Pursuant to its charter, the Compensation Committee may select, retain and terminate such compensation consultants, outside counsel and other advisors as it deems necessary or </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>49</FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>appropriate
in its sole discretion and has the authority to approve the fees and retention terms relating to such consultants. The Compensation Committee met one time during fiscal year 2011. The
charter of the Compensation Committee is set forth on our website, located at </FONT><FONT SIZE=2><I>http://www.netlist.com</I></FONT><FONT SIZE=2>. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><I> Nominating and Corporate Governance Committee  </I></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Messrs.&nbsp;Portnoy (Chair) and Lagatta served on our Nominating and Corporate Governance Committee during fiscal year 2011. The
charter of the Nominating and Corporate Governance Committee and our corporate governance guidelines are set forth on our website, located at </FONT> <FONT SIZE=2><I>http://www.netlist.com</I></FONT><FONT SIZE=2>. Our Nominating and Corporate
Governance Committee reviews and makes recommendations to the Board of Directors about our
governance processes, assists in identifying and recruiting candidates for the Board of Directors, reviews the performance of our Board of Directors and its committees, recommends to the Board
proposed nominees for Board membership and makes recommendations to our Board of Directors regarding the membership and chairs of the committees of our Board of Directors. Our Nominating and Corporate
Governance Committee met three times during fiscal year 2011. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B> Section&nbsp;16(a) Beneficial Ownership Reporting Compliance  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;16(a) of the Securities Exchange Act of 1934 requires our executive officers and directors and persons who own more than
10% of a registered class of our equity securities to file reports of ownership on Form&nbsp;3 and changes in ownership on Form&nbsp;4 or 5 with the SEC. Such executive officers, directors and 10%
stockholders are also required by SEC rules to furnish us with copies of all Section&nbsp;16(a) reports they file. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
our knowledge, based solely on our review of the copies of such forms received by us or written representations from certain reporting persons that no Form&nbsp;5s were required for
such persons, we believe that, during fiscal 2011, all Section&nbsp;16(a) filing requirements applicable to our executive officers, directors and 10% stockholders were complied with, except as
follows: (i)&nbsp;Chun Ki Hong inadvertently failed to file&nbsp;a Form&nbsp;4 on a timely basis with respect to withholding of shares to satisfy tax withholding obligations upon vesting of
restricted stock and an unvested stock option grant, (ii)&nbsp;Gail M. Sasaki inadvertently failed to file&nbsp;a Form&nbsp;4 on a timely basis with respect to one unvested stock option grant,
(iii)&nbsp;Richard J. Char, Thomas F. Lagatta and Alan H. Portnoy inadvertently failed to file Form&nbsp;4 reports on a timely basis with respect to restricted stock granted in 2011; and
(iv)&nbsp;Claude M. Leglise was unable to file Forms&nbsp;3 and 4 on a timely basis due to administrative delays in obtaining access to Mr.&nbsp;Leglise's unique SEC CIK code. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><A
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<A NAME="toc_do45603_1"> </A></FONT> <FONT SIZE=2><B>  Item&nbsp;11.&nbsp;&nbsp;&nbsp;&nbsp;Executive Compensation    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table provides information regarding the compensation we paid to our chief executive officer and our other most highly
compensated executive officer of the Company, each a "named executive officer," for the fiscal years ended December&nbsp;31, 2011 and January&nbsp;1, 2011. The following table excludes
compensation in the form of perquisites and other personal benefits provided to a named executive officer for which the total amount of such compensation was less than $10,000. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>50</FONT></P>

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<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Salary<BR>
($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Bonus<BR>
($) </B></FONT></TH>
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<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Option<BR>
Awards<BR>
($)(1) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Restricted<BR>
Stock Awards<BR>
($)(2) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Non-equity<BR>
Incentive Plan<BR>
Compensation<BR>
($)(3) </B></FONT></TH>
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<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>All other<BR>
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($) </B></FONT></TH>
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 Chun Ki Hong</FONT></TD>
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<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2011</FONT></TD>
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<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>323,000</FONT></TD>
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<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>603,110</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>100,983</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>65,021</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(4)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,092,069</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:18pt;text-indent:-9pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>


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 President, Chief Executive</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2010</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>323,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>349,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>26,244</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>59,190</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(4)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>757,434</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:18pt;text-indent:-9pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>


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 Officer and Chairman of</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:18pt;text-indent:-9pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>



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 the Board</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:9pt;text-indent:-9pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Gail Sasaki</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2011</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>200,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>150,778</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>103,778</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>454,533</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:18pt;text-indent:-9pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Vice President, Chief</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2010</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>187,308</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>52,350</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>59,363</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>299,021</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:18pt;text-indent:-9pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Financial Officer and</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:18pt;text-indent:-9pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Secretary</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
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 <DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Reflects
the dollar amount of the grant date fair value of awards granted during the respective fiscal years, measured in accordance with Accounting
Standards Codification Topic 718 and without adjustment for estimated forfeitures. For a discussion of the assumptions used to calculate the value of option awards, refer to Note&nbsp;2 "Stock Based
Compensation" of Notes to Consolidated Financial Statements included in Part&nbsp;IV, Item&nbsp;15 of this Report. For a discussion of the material terms of each stock option award, see the table
below entitled "Outstanding Equity Awards at Fiscal Year End."
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Represents
the dollar value of the restricted stock awards calculated on the basis of the fair value of the underlying shares of our common stock on the
respective grant dates in accordance with FASB ASC Topic&nbsp;718 and without any adjustment for estimated forfeitures. The actual value that an executive will realize on each restricted stock award
will depend on the price per share of our common stock at the time shares underlying the restricted stock awards are sold. There can be no assurance that the actual value realized by an executive will
be at or near the grant date fair value of the restricted stock awarded.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(3)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Represents
cash awards earned on the basis of specific performance criteria set forth under our semi-annual Management By Objective program.
Specific objectives and assessment of performance against the stated objectives under this non-equity incentive compensation plan were approved by the Compensation Committee of the Board
of Directors. For Mr.&nbsp;C.K Hong, performance targets include our achievement of financial plans and accomplishment of product marketing and development objectives. For Ms.&nbsp;Sasaki,
performance targets include our achievement of financial plans and accomplishment of objectives relevant to our intellectual property strategies.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(4)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>For
2011, reflects $21,931, for automobile rental payments, $19,080 for country club membership, $10,147 in vehicle related expenses, $4,715 for health club
membership, and $9,148 for income tax, and estate planning. For 2010, reflects $17,888, for automobile rental payments, $19,505 for country club membership, $3,227 in vehicle related expenses, $5,115
for health club membership, $911 in health insurance benefits and $12,544 for income tax, estate planning and income tax audits. </FONT></DD></DL>
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2><B> Employment Agreements  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We entered into an employment agreement with Chun Ki Hong in September 2006. This agreement provides for an initial base salary of
$323,000 plus other customary benefits, including the reimbursement of professional fees and expenses incurred in connection with income and estate tax planning and preparation, income tax audits and
the defense of income tax claims, the reimbursement of membership fees and expenses for professional organizations and one country club, the reimbursement of employment-related legal fees, the use of
a company automobile, and the reimbursement of health club dues and other similar health-related expenses. Mr.&nbsp;C.K. Hong may earn annual performance bonuses, at the discretion of our Board of
Directors, of up to 100% of his base salary based upon the achievement of performance objectives. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
initial five-year term of Mr.&nbsp;C.K. Hong's employment agreement will automatically be extended for additional one-year periods unless we or
Mr.&nbsp;Hong provide notice of termination six months prior to the renewal date, but at all times Mr.&nbsp;C.K. Hong may terminate his employment upon six months' advance written notice to us. If
we terminate Mr.&nbsp;C.K. Hong's employment without cause or if he terminates his employment for good reason, which includes a change of control of our </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>51</FONT></P>

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<P style='font-family:times;page-break-before:always'></p>
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<P style="font-family:times;"><FONT SIZE=2><A
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<P style="font-family:times;"><FONT SIZE=2>company,
he will be entitled to receive continued payments of his base salary for one year, reimbursement of medical insurance premiums during that period unless he becomes employed elsewhere, a
pro-rated portion of his annual performance bonus, and, if any severance payment is deemed to be an "excess parachute payment" within the meaning of Section&nbsp;280G of the Internal
Revenue Code, an amount equal to any excise tax imposed under Section&nbsp;4999 of the Internal Revenue Code. In addition, pursuant to his employment agreement, any unvested options shall
immediately become fully vested and exercisable as of the effective date of such termination or resignation. If Mr.&nbsp;C.K. Hong's employment is terminated due to death or disability, he or his
estate will receive a lump sum payment equal to half his annual base salary and any options held shall vest to the same extent as they would have vested one year thereafter. Additionally, in the event
that Mr.&nbsp;C.K. Hong's employment is terminated due to death or disability, to the extent that such amounts remain restricted, the restriction on 25% of the restricted stock award will
immediately lapse and no additional restrictions shall lapse thereafter. If Mr.&nbsp;C.K. Hong resigns without good reason or is terminated for cause, we will have no further obligation to him other
than to pay his base salary through the date of termination. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
compensation for Ms.&nbsp;Sasaki's service as our vice president, chief financial officer and secretary, she will receive an annualized base salary of $200,000, effective
June&nbsp;1, 2010. Prior to this date her annualized base salary was $170,000. In the event Ms.&nbsp;Sasaki's employment is terminated due to death or disability, any options held shall vest to
the same extent as they would have vested one year thereafter. Additionally, in the event that Ms.&nbsp;Sasaki's employment is terminated due to death or disability, to the extent that such amounts
remain restricted, the restriction on 25% of the restricted stock award will immediately lapse and no additional restrictions shall lapse thereafter. Ms.&nbsp;Sasaki is eligible for a target bonus
of 75% of her base salary if she achieves certain specific objectives to be determined by our Board of Directors. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="do45603_outstanding_equity_awards_at_fiscal_year_end"> </A>
<A NAME="toc_do45603_3"> </A>
<BR></FONT><FONT SIZE=2><B>  Outstanding Equity Awards At Fiscal Year End    <BR>    </B></FONT></P>
 <DIV style="padding:0pt;position:relative;width:54%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"150%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="150%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="65pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="65pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="42pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="61pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="53pt" style="font-family:times;"></TD>
<TD WIDTH="16pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Option Awards </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Stock Awards </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH NOWRAP  ALIGN="LEFT" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:21pt;"><FONT SIZE=1><B>Name

<!-- COMMAND=ADD_SCROPPEDRULE,21pt -->

 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Number of<BR>
Securities<BR>
Underlying<BR>
Unexercised<BR>
Options&#151;(#)<BR>
Exercisable </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Number of<BR>
Securities<BR>
Underlying<BR>
Unexercised<BR>
Options&#151;(#)<BR>
Unexercisable </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Option<BR>
Exercise<BR>
Price ($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Option<BR>
Expiration<BR>
Date </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Number of<BR>
Shares of<BR>
Stock That<BR>
Have Not<BR>
Vested </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Market Value<BR>
of Shares of<BR>
Stock That<BR>
Have Not<BR>
Vested </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


 Chun Ki Hong</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>500,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(1)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(1)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>7.00</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>8/7/2016</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>100,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(2)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(2)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1.67</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>9/17/2017</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>117,500</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(3)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2,500</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(3)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2.20</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1/2/2018</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>31,250</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(4)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>18,750</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(4)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0.33</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>6/10/2019</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>56,250</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(5)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>243,750</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(5)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2.21</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3/17/2021</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>62,500</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(13)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>156,875</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


 Gail Sasaki</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2><BR>
25,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2><BR>(6)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2><BR>
&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2><BR>(6)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2><BR>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2><BR>
2.55</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2><BR>
1/5/2016</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>10,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(7)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(7)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>7.00</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>8/14/2016</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>



<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>25,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(8)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(8)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1.93</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>9/4/2017</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>93,750</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(9)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>6,250</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(9)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2.05</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1/4/2018</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>10,625</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(10)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>6,250</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(10)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0.29</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>11/20/2018</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>31,250</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(11)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>18,750</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(11)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0.33</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>6/10/2019</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR bgcolor="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>


<!-- COMMAND=ADD_ROWSHADECOLOR,"#CCEEFF" -->


</FONT>
</TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>14,062</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(12)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>60,938</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(12)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2.21</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3/17/2021</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>9,375</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(14)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>23,531</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
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 </DIV>
<DIV style="padding:0pt;position:relative;text-align:left;margin-left:10%;">
 <DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Represents
options granted under our Amended and Restated 2000 Equity Incentive Plan in connection with achieving one-time performance
incentives related to our initial public offering. </FONT></DD></DL>
 </DIV>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>52</FONT></P>

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<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=54,EFW="2206903",CP="NETLIST, INC.",DN="1",CHK=63043,FOLIO='52',FILE='DISK128:[11ZDX3.11ZDX45603]DO45603A.;18',USER='GKIBBE',CD='27-FEB-2012;14:41' -->
<A NAME="page_do45603_1_53"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg45603a_main_toc">Table of Contents</A></FONT></P>
 <DIV style="padding:0pt;position:relative;text-align:left;margin-left:10%;">
 <DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Represents
options granted under our Amended and Restated 2006 Equity Incentive Plan (2006 Plan) in September 2007.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(3)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Represents
options granted under our 2006 Plan in January 2008. These options vest with respect to 25% of the indicated shares on the first anniversary of
the grant date. Assuming continued employment with us, the remaining options will vest evenly on a monthly basis so that all options will be entirely vested on the fourth anniversary of the grant
date. In the event Mr.&nbsp;C.K. Hong's employment with us is terminated by us without cause or by him with good reason, all options will immediately vest. In the event Mr.&nbsp;C.
K.&nbsp;Hong's employment with us is terminated due to death or disability, 25% of the options (or such lesser amount as shall then be unvested) will immediately vest and no additional options will
vest thereafter.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(4)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Represents
options granted under our 2006 Plan in June 2009. These options vest over sixteen equal quarterly installments. In the event Mr.&nbsp;C.K.
Hong's employment with us is terminated by us without cause or by him with good reason, all options will immediately vest. In the event Mr.&nbsp;C.K.&nbsp;Hong's employment with us is terminated
due to death or disability, 25% of the options (or such lesser amount as shall then be unvested) will immediately vest and no additional options will vest thereafter.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(5)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Represents
options granted under our 2006 Plan in March 2011. These options vest over sixteen equal quarterly installments. In the event Mr.&nbsp;C.K.
Hong's employment with us is terminated by us without cause or by him with good reason, all options will immediately vest. In the event Mr.&nbsp;C.K.&nbsp;Hong's employment with us is terminated
due to death or disability, 25% of the options (or such lesser amount as shall then be unvested) will immediately vest and no additional options will vest thereafter.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(6)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Represents
options granted under our Amended and Restated 2000 Equity Incentive Plan in January 2006.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(7)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Represents
options granted under our Amended and Restated 2000 Equity Incentive Plan in August 2006.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(8)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Represents
options granted under our 2006 Plan in September 2007.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(9)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Represents
options granted under our 2006 Plan in January 2008. Assuming continued employment with us, these options vest in equal quarterly installments
over four years from the date of grant. In the event Ms.&nbsp;Sasaki's employment with us is terminated due to death or disability, 25% of the options (or such lesser amount as shall then be
unvested) will immediately vest and no additional options will vest thereafter.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(10)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Represents
options granted under our 2006 Plan in November 2008. Assuming continued employment with us, these options vest in equal quarterly installments
over four years from the date of grant. In the event Ms.&nbsp;Sasaki's employment with us is terminated due to death or disability, 25% of the options (or such lesser amount as shall then be
unvested) will immediately vest and no additional options will vest thereafter.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(11)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Represents
options granted under our 2006 Plan in June 2009. These options vest over sixteen equal quarterly installments. In the event Ms.&nbsp;Sasaki's
employment with us is terminated due to death or disability, 25% of the options (or such lesser amount as shall then be unvested) will immediately vest and no additional options will vest thereafter.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(12)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Represents
options granted under our 2006 Plan in March 2011. These options vest over sixteen equal quarterly installments. In the event
Ms.&nbsp;Sasaki's employment with us is terminated due to death or disability, 25% of the options (or such lesser amount as shall then be unvested) will immediately vest and no additional options
will vest thereafter. </FONT></DD></DL>
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>53</FONT></P>

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<P style='font-family:times;page-break-before:always'></p>
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<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg45603a_main_toc">Table of Contents</A></FONT></P>
 <DIV style="padding:0pt;position:relative;text-align:left;margin-left:10%;">
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(13)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Represents
restricted stock awards granted under our 2006 Plan in April 2010. These awards vest in eight equal semi-annual installments through
March&nbsp;7, 2014. In the event Mr.&nbsp;C.K. Hong's employment with us is terminated due to death or disability, restriction on 25% of the restricted stock (or such lesser amount as to which
restrictions remain effective) will immediately lapse and no additional restrictions will lapse thereafter.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(14)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Represents
restricted stock awards granted under our 2006 Plan in April 2010. Restrictions on these awards lapse in eight equal semi-annual
installments through March&nbsp;7, 2014. In the event Ms.&nbsp;Sasaki's employment with us is terminated due to death or disability, restriction on 25% of the restricted stock (or such lesser
amount as to which restrictions remain effective) will immediately lapse and no additional restrictions will lapse thereafter. </FONT></DD></DL>
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2><B> Compensation of Non-Employee Directors  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our non-employee directors receive annual base compensation of $30,000, which is paid in four quarterly installments, and
compensation of $1,000 for each regularly scheduled board meeting, and each board committee meeting not held on the same day as a board meeting, that is attended by the director. The chairperson of
our Audit Committee receives an additional $5,000 per year. All of our directors, including our non-employee directors, are reimbursed for their reasonable
out-of-pocket expenses incurred in attending board and board committee meetings. Our non-employee directors are also granted options to purchase 25,000 shares of
our common stock upon appointment or initial election to the Board of Directors, and prior to 2010, received a grant of options to purchase 20,000 shares of our common stock on
August&nbsp;1st&nbsp;of each year in which they continue to be a director. These option grants are subject to vesting in equal installments over four years, contingent upon continued service as a
director on the vesting date, and have an exercise price equal to the fair market value of the shares of common stock underlying the option on the date of grant as determined in accordance with the
terms of the 2006 Plan. In 2010 the Board voted to grant each director 8,000 shares of restricted stock annually in lieu of options to purchase 20,000 shares of common stock. The restrictions lapse
ratably on a semi-annual basis over a period of four years. In February 2012, the Board voted to reinstate the practice of granting each director options to purchase 20,000 shares of
common stock annually in lieu of restricted stock grants. The Board also voted to change the annual grant date to February to more closely align the timing of director equity compensation grants with
the Company's employee equity compensation practices. The following table sets forth a summary of the compensation we paid to our non-employee directors in our fiscal year 2011. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>54</FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>
<A HREF="#bg45603a_main_toc">Table of Contents</A> </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="dq45603_director_compensation"> </A>
<A NAME="toc_dq45603_1"> </A>
<BR></FONT><FONT SIZE=2><B>  Director Compensation    <BR>    </B></FONT></P>
 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

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<TD WIDTH="59pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="65pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="45pt" style="font-family:times;"></TD>
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<TH NOWRAP  ALIGN="LEFT" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:31pt;"><FONT SIZE=1><B>Name(1)

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 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Fees Earned<BR>
or Paid in<BR>
Cash ($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Option<BR>
Awards ($)(1) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Restricted<BR>
Stock Awards<BR>
($)(2) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Total ($) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Richard Char</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>43,003</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>12,080</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>55,083</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Nam Ki Hong(3)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>15,333</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>15,333</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Thomas F. Lagatta</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>38,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>12,080</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>50,080</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Claude M. Leglise</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>8,175</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>25,410</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>33,585</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Alan H. Portnoy</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>38,000</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>12,080</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>50,080</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
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 </DIV>
<DIV style="padding:0pt;position:relative;text-align:left;margin-left:10%;">
 <DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Represents
the dollar value of the grant date fair value of fiscal 2011 awards, measured in accordance with Accounting Standards Codification Topic 718. For
a discussion of the assumptions used to calculate the value of option awards, refer to Note&nbsp;2 "Stock Based Compensation" of Notes to Consolidated Financial Statements included in
Part&nbsp;IV, Item&nbsp;15 of this Report.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Represents
the dollar value of the restricted stock awards calculated on the basis of the fair value of the underlying shares of our Class&nbsp;A common
stock on the respective grant dates in accordance with FASB ASC Topic 718 and without any adjustment for estimated forfeitures. The actual value that a director will realize on each RS award will
depend on the price per share of our Class&nbsp;A common stock at the time shares underlying the RSA's are sold. There can be no assurance that the actual value realized by a director will be at or
near the grant date fair value of the RS awarded.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(3)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Mr.&nbsp;N.K.
Hong ceased serving as a member of our board of directors on June&nbsp;10, 2011. </FONT></DD></DL>
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2><A
NAME="dq45603_item_12._security_ownership_of__ite04004"> </A>
<A NAME="toc_dq45603_2"> </A></FONT> <FONT SIZE=2><B>  Item&nbsp;12.&nbsp;&nbsp;&nbsp;&nbsp;Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth information regarding the ownership of our common stock as of February&nbsp;15, 2012 by (a)&nbsp;all
persons known by us to own beneficially more than 5% of our common stock, (b)&nbsp;each of our directors and named executive officers, and (c)&nbsp;all of our directors and executive officers as a
group. We know of no agreements among our stockholders which relate to voting or investment power over our common stock or any arrangement the operation of which may at a subsequent date result in a
change of control of us. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beneficial
ownership is determined in accordance with Rule&nbsp;13d-3 under the Exchange Act and generally includes voting or investment power over securities. Under this
rule, a person is deemed to be the beneficial owner of securities that can be acquired by such person within 60&nbsp;days of February&nbsp;15, 2012 upon the exercise of options. Each beneficial
owner's percentage ownership is determined by assuming that all options held by such person that are exercisable within 60&nbsp;days of February&nbsp;15, 2012 have been exercised. Except in cases
where community property laws apply or as indicated in the </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>55</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
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<A NAME="page_dq45603_1_56"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg45603a_main_toc">Table of Contents</A></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>footnotes
to this table, we believe that each stockholder identified in the table possesses sole voting and investment power over all shares of common stock shown as beneficially owned by the
stockholder. </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

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<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="55pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="37pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
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<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Shares Beneficially<BR>
Owned </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH NOWRAP  ALIGN="LEFT" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:105pt;"><FONT SIZE=1><B>Name of Beneficial Owner(1):

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 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Number </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Percent </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Directors and Executive Officers:</B></FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Chun Ki Hong(2)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>6,083,693</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>21.87</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Gail Sasaki(3)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>170,469</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>*</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Thomas F. Lagatta(4)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>83,499</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>*</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Alan H. Portnoy(4)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>93,499</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>*</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Richard J. Char (4)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>28,500</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>*</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Claude M. Leglise</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>*</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><I>All executive officers and directors as a group (6 persons)</I></FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>6,459,660</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>22.96</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
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 </DIV>
<DIV style="padding:0pt;position:relative;text-align:left;margin-left:15%;">
 <DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>*</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Represents
beneficial ownership of less than 1%.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Unless
otherwise indicated, the address of each director, executive officer and person beneficially owning more than 5% of the outstanding shares of our
common stock is c/o&nbsp;Netlist&nbsp;Inc., 51&nbsp;Discovery, Suite&nbsp;150, Irvine, California 92618.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The
number of shares beneficially owned by Mr.&nbsp;C.K. Hong includes 62,500 shares of restricted stock that are forfeitable until vested (restrictions
on the shares of restricted stock lapse ratably on a semi-annual basis through March&nbsp;7, 2014), 829,375 shares of common stock issuable upon the exercise of options that are or will
be vested and immediately exercisable within 60&nbsp;days of February&nbsp;15, 2012 and 5,191,818 shares of common stock, of which 2,700,000 shares are held by Mr.&nbsp;C.K. Hong as trustee of
the Hong-Cha Community Property Trust.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(3)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The
number of shares beneficially owned by Ms.&nbsp;Sasaki consists of 9,375 shares of restricted stock that are forfeitable until vested (restrictions on
the shares of restricted stock lapse ratably on a semi-annual basis through March&nbsp;7, 2014) and 161,094 shares of common stock issuable upon the exercise of options that are or will
be vested and immediately exercisable within 60&nbsp;days of February&nbsp;15, 2012.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(4)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>The
number of shares beneficially owned by each of the indicated persons includes of shares of common stock issuable upon the exercise of options that are
or will be vested and immediately exercisable within 60&nbsp;days of February&nbsp;15,2012, 2,000 shares of stock and 14,000 shares of restricted stock that are forfeitable until vested
(restrictions on the shares of restricted stock held pursuant to awards made in 2010 and 2011 lapse ratably on a semi-annual basis over a 48&nbsp;month period through September&nbsp;8,
2014 and September&nbsp;8, 2015). </FONT></DD></DL>
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2><A
NAME="dq45603_item_13._certain_relationships__ite03067"> </A>
<A NAME="toc_dq45603_3"> </A></FONT> <FONT SIZE=2><B>  Item&nbsp;13.&nbsp;&nbsp;&nbsp;&nbsp;Certain Relationships and Related Transactions, and Director Independence    <BR>    </B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B> Policies and Procedures for Approval of Related Party Transactions  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our Audit Committee has the responsibility to review with management and approve in advance any transactions or courses of dealing with
related parties. The Audit Committee intends to approve only those related party transactions that are considered to be in the best interests of Netlist and our stockholders. In considering whether to
approve any transaction, the Audit Committee considers such factors as it deems appropriate, which may include: (i)&nbsp;the related party's relationship with the Company and interest in the
transaction; (ii)&nbsp;the material facts of the proposed transaction, including the proposed value of such transaction, or, in the case of indebtedness, the principal amount that would </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>56</FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>be
involved; (iii)&nbsp;the benefits of the transaction to the Company; (iv)&nbsp;an assessment of whether the transaction is on terms that are comparable to the terms available with an unrelated
party; (v)&nbsp;in the case of an existing transaction, the impracticability or cost of securing alternative arrangements; and (vi)&nbsp;such other factors as the Audit Committee deems relevant. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Related Person Transactions  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our Vice President of Business Operations, Paik Ki Hong, is the brother of Chun Ki Hong, our president, chief executive officer and
chairman of the Board of Directors, and of Nam Ki Hong, one of our former directors. During fiscal year 2011, Mr.&nbsp;P. K. Hong earned salary in the amount of $145,000 and earned bonus in the
amount of $61,750. In addition, Mr.&nbsp;P. K. Hong was granted options to purchase 50,000 shares of our common stock at an exercise price of $2.21 per share. The grant date fair value recognized
for Mr.&nbsp;P. K. Hong's option award in our fiscal 2011 computed in accordance with Accounting Standards Codification Topic 718 was $100,518. For a discussion of the
assumptions used to calculate the value of option awards, refer to Note&nbsp;2 "Stock Based Compensation" of Notes to Consolidated Financial Statements included in Part&nbsp;IV, Item&nbsp;15 of
this Report. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
fiscal year 2010, Mr.&nbsp;P. K. Hong earned salary in the amount of $152,000 and earned a bonus in the amount of $23,944. In addition, Mr.&nbsp;P.K. Hong was granted 15,000
shares of restricted stock valued at $52,350, which represents the dollar value of the award calculated based on the fair value underlying shares of our common stock on the grant date computed in
accordance with Accounting Standards Codification 718. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Director Independence  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our Board of Directors has determined that each of our directors, other than Chun Ki Hong and former director Nam Ki Hong, qualify as
"independent" in accordance with the NASDAQ rules. The Board has determined that Chun Ki Hong is not independent because he is an executive officer of our company and Nam Ki Hong was not independent
because he is the brother of Chun Ki Hong. In making these determinations, the Board of Directors reviewed and discussed information provided by the directors and management with regard to each
director's business and personal activities as they may relate to our management.  </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><A
NAME="dq45603_item_14._principal_accounting_fees_and_services"> </A>
<A NAME="toc_dq45603_4"> </A></FONT> <FONT SIZE=2><B>  Item&nbsp;14.&nbsp;&nbsp;&nbsp;&nbsp;Principal Accounting Fees and Services    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Audit Committee has selected KMJ Corbin&nbsp;&amp; Company&nbsp;LLP as our independent registered public accounting firm with
respect to our financial statements for the fiscal years ending December&nbsp;31, 2011 and January&nbsp;1, 2011. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B> Fees Paid to Independent Registered Public Accounting Firm  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with the audit of our consolidated financial statements for fiscal year 2011, we entered into an agreement with KMJ
Corbin&nbsp;&amp; Company&nbsp;LLP which sets forth the terms by which KMJ Corbin&nbsp;&amp; Company&nbsp;LLP will perform audit services for the company. The following table </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>57</FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>presents
the aggregate fees billed for the indicated services performed by KMJ Corbin&nbsp;&amp; Company&nbsp;LLP during fiscal years 2011 and 2010: </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

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<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="51pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="51pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
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<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>2010 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Audit Fees</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>160,600</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>167,475</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Audit-Related Fees</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Tax Fees</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>All Other Fees</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total Fees</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>160,600</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>167,475</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
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 <P style="font-family:times;"><FONT SIZE=2><I> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Audit Fees.</I></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Audit fees consist of the aggregate amount of fees billed to us for the fiscal years ended December&nbsp;31, 2011 and
January&nbsp;1,
2011 by KMJ Corbin&nbsp;&amp; Company&nbsp;LLP, the company's independent registered public accounting firm, for the audit of our annual consolidated financial statements and the review of our
quarterly consolidated financial statements. These fees also included the review of our registration statements on Form&nbsp;S-3 and Form&nbsp;S-8 and certain other related
matters such as the delivery of comfort letters and consents in connection with our registration statements. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KMJ
Corbin&nbsp;&amp; Company&nbsp;LLP did not bill any non-audit related fees, tax fees or other fees to us in fiscal years 2011 or 2010. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Pre-approval Policies and Procedures  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our Audit Committee's charter requires our Audit Committee to pre-approve all audit and permissible non-audit
services to be performed for the Company by our independent registered public accounting firm, giving effect to the "de minimus" exception for ratification of certain non-audit services
allowed by the applicable rules of the SEC, in order to assure that the provision of such services does not impair the auditor's independence. Our Audit Committee pre-approved all services
performed by KMJ Corbin&nbsp;&amp; Company&nbsp;LLP in fiscal year 2011 and concluded that such services were compatible with the maintenance of that firm's independence in the conduct of its auditing
functions. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>58</FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>
<A HREF="#bg45603a_main_toc">Table of Contents</A> </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="ds45603_part_iv"> </A>
<BR></FONT><FONT SIZE=2><B>  PART IV    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><A
NAME="ds45603_item_15._exhibits,_financial_statement_schedules"> </A></FONT> <FONT SIZE=2><B>  Item&nbsp;15.&nbsp;&nbsp;&nbsp;&nbsp;Exhibits, Financial Statement Schedules    <BR>    </B></FONT></P>

<UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>(1)&nbsp;&nbsp;All
financial statements filed as part of this report. </FONT></DD></DL>
</UL>

<P style="font-family:times;"><FONT SIZE=2><A
NAME="DS45603_TOC"></A> </FONT></P>
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<TD VALIGN="TOP" style="font-family:times;"><A HREF="#fc45603_report_of_independent___fc402282"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Report of Independent Registered Public Accounting Firm</FONT></A></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><A HREF="#fc45603_report_of_independent___fc402282"><FONT SIZE=2>F-2</FONT></A></TD>
</TR>
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<TD VALIGN="TOP" style="font-family:times;"><A HREF="#fg45603_netlist,_inc._and_subsidiaries__net03372"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Consolidated Balance Sheets</FONT></A></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><A HREF="#fg45603_netlist,_inc._and_subsidiaries__net03372"><FONT SIZE=2>F-3</FONT></A></TD>
</TR>
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<TD VALIGN="TOP" style="font-family:times;"><A HREF="#fi45603_netlist,_inc._and_subsidiaries__net04200"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Consolidated Statements of Operations</FONT></A></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><A HREF="#fi45603_netlist,_inc._and_subsidiaries__net04200"><FONT SIZE=2>F-4</FONT></A></TD>
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<TD VALIGN="TOP" style="font-family:times;"><A HREF="#page_fk45603_1_5"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Consolidated Statements of Stockholders' Equity and Comprehensive Loss</FONT></A></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><A HREF="#page_fk45603_1_5"><FONT SIZE=2>F-5</FONT></A></TD>
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<TD VALIGN="TOP" style="font-family:times;"><A HREF="#fm45603_netlist,_inc._and_subsidiaries__net03157"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Consolidated Statements of Cash Flows</FONT></A></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><A HREF="#fm45603_netlist,_inc._and_subsidiaries__net03157"><FONT SIZE=2>F-6</FONT></A></TD>
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<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>(2)&nbsp;&nbsp;Exhibits
</FONT></DD></DL>
</UL>
 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

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<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>3.1</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(1)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Restated Certificate of Incorporation of Netlist,&nbsp;Inc.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>3.2</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(1)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Amended and Restated Bylaws of Netlist,&nbsp;Inc.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10.1</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(2)#</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Amended and Restated 2000 Equity Incentive Plan of Netlist,&nbsp;Inc.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
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<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10.2</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(3)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Form of Indemnity Agreement for officers and directors.</FONT></TD>
</TR>
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<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
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<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10.3</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(4)#</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Employment Agreement, dated September&nbsp;5, 2006, between Netlist,&nbsp;Inc. and Chun K. Hong.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10.4</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(5)#</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Amended and Restated 2006 Equity Incentive Plan of Netlist,&nbsp;Inc.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10.5</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(6)#</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Form of Restricted Stock Award issued pursuant to the 2006 Equity Incentive Plan of Netlist,&nbsp;Inc.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10.6</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(7)#</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Stock Option Agreement dated July&nbsp;1, 2009 for options to purchase 50,000 shares of the Registrant's common stock awarded to Paul Duran.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10.7</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(8)#</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Stock Option Agreement dated January&nbsp;4, 2010 for options to purchase 100,000 shares of the Registrant's common stock awarded to Steve McClure.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10.8</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(9)#</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Stock Option Agreement dated June&nbsp;8, 2010 for options to purchase 30,000 shares of the Registrant's common stock awarded to Lisa Roger.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10.9</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(21)#</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Stock Option Agreement dated January&nbsp;20, 2012 for options to purchase 150,000 shares of the Registrant's common stock awarded to Gerard Yeh.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10.10</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(10)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Lease (Multi-Tenant; Net), dated April&nbsp;2, 2007, by and between The Irvine Company&nbsp;LLC, a Delaware limited liability company, and Netlist,&nbsp;Inc., a Delaware corporation.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10.11</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(11)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Amendment to Lease, dated May&nbsp;10, 2011, by and between The Irvine Company&nbsp;LLC, a Delaware limited liability company, and Netlist,&nbsp;Inc., a Delaware corporation.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10.12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(12)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Loan and Security Agreement, dated as of October&nbsp;31, 2009, between Silicon Valley Bank, a California corporation, and Netlist,&nbsp;Inc.; Subordination Agreement, dated as of October&nbsp;31, 2009, between Silicon
Valley Bank, a California corporation, Netlist,&nbsp;Inc., and Netlist Technology Texas,&nbsp;L.P., a Texas limited partnership; Security Agreement entered into as of October&nbsp;31, 2009 between, Silicon Valley Bank and Netlist Technology
Texas&nbsp;LP, a Texas limited partnership; and Intellectual Property Security Agreement entered into as of October&nbsp;31, 2009 by and between Silicon Valley Bank and Netlist,&nbsp;Inc.</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=2><BR></FONT>
</TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
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 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>59</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=61,EFW="2206903",CP="NETLIST, INC.",DN="1",CHK=602841,FOLIO='59',FILE='DISK128:[11ZDX3.11ZDX45603]DS45603A.;16',USER='GKIBBE',CD='27-FEB-2012;14:34' -->
<A NAME="page_ds45603_1_60"> </A>

<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg45603a_main_toc">Table of Contents</A></FONT></P>
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<p style="font-family:times;"></FONT></P>

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<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10.13</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(13)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Amendment to Loan Documents entered into as of March&nbsp;24, 2010, by and between Silicon Valley Bank and Netlist,&nbsp;Inc.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10.14</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(14)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Amendment to Loan Documents entered into as of June&nbsp;30, 2010, by and between Silicon Valley Bank and Netlist,&nbsp;Inc.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10.15</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(15)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Amendment to Loan Documents entered into as of September&nbsp;30, 2010, by and between Silicon Valley Bank and Netlist,&nbsp;Inc.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10.16</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(16)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Amendment to Loan Documents entered into as of May&nbsp;11, 2011, by and between Silicon Valley Bank and Netlist,&nbsp;Inc.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10.17</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(17)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Amendment to Loan Documents entered into as of August&nbsp;10, 2011, by and between Silicon Valley Bank and Netlist,&nbsp;Inc.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10.18</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(18)*</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Design and Production Agreement relating to Register ASIC (the "Production Register Agreement"), dated July&nbsp;31, 2008, by and between Netlist,&nbsp;Inc. and Toshiba America Electronic Components,&nbsp;Inc.
("Toshiba").</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10.19</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(18)*</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Amendment #1 to the Production Register Agreement, dated May&nbsp;22, 2009, by and between Netlist,&nbsp;Inc. and Toshiba.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10.20</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(18)*</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Amendment #1 to the Production Register Agreement, dated January&nbsp;28, 2010, by and between Netlist,&nbsp;Inc. and Toshiba.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10.21</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(18)*</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Amendment #2 to the Production Register Agreement, dated March&nbsp;10, 2010, by and between Netlist,&nbsp;Inc. and Toshiba.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10.22</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(18)*</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Design and Production Agreement relating to ID ASIC (the "Production ID Agreement"), dated July&nbsp;31, 2008, by and between Netlist,&nbsp;Inc. and Toshiba.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10.23</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(18)*</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Amendment #1 to the Production ID Agreement, dated January&nbsp;28, 2010, by and between Netlist,&nbsp;Inc. and Toshiba.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10.24</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(18)*</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Amendment #2 to the Production ID Agreement, dated March&nbsp;10, 2010, by and between Netlist,&nbsp;Inc. and Toshiba.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10.25</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(19)*</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>ASIC Design and Production Agreement, dated August&nbsp;11, 2010, between Open Silicon,&nbsp;Inc. and Netlist,&nbsp;Inc.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10.26</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(20)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Sales Agreement, dated November&nbsp;21, 2011, between Netlist,&nbsp;Inc. and Ascendiant Capital Markets,&nbsp;LLC.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>21.1</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(21)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Subsidiaries of Netlist,&nbsp;Inc.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>23</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(21)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Consent of KMJ Corbin&nbsp;&amp; Company&nbsp;LLP.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>24.1</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(21)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Power of Attorney (included on the signature page in this Part&nbsp;IV of this report).</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>31.1</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(21)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Certification of Chief Executive Officer of Periodic Report Pursuant to Rule&nbsp;13a-15(e) or Rule&nbsp;15d-15(e).</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>31.2</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(21)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Certification of Chief Financial Officer of Periodic Report Pursuant to Rule&nbsp;13a-15(e) or Rule&nbsp;15d-15(e).</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>32</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(21)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>Certification by Chief Executive Officer and Chief Financial Officer of Periodic Report Pursuant to 18 U.S.C. Section&nbsp;1350.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>101.INS</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>XBRL Instance Document</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>101.SCH</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>XBRL Taxonomy Extension Schema Document</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=2><BR></FONT>
</TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="TOP" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
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 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>60</FONT></P>

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<p style="font-family:times;"></FONT></P>

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<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>101.CAL</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>XBRL Taxonomy Extension Calculation Linkbase Document</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>101.LAB</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>XBRL Taxonomy Extension Label Linkbase Document</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>101.PRE</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>XBRL Taxonomy Extension Presentation Linkbase Document</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>101.DEF</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>(4)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>XBRL Taxonomy Extension Definition Linkbase Document</FONT></TD>
</TR>
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<DIV style="padding:0pt;position:relative;text-align:left;margin-left:10%;">
 <DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Incorporated
by reference to the corresponding exhibit number of the registration statement on Form&nbsp;S-1 of the registrant
(No.&nbsp;333-136735) filed with the Securities and Exchange Commission on October&nbsp;23, 2006.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Incorporated
by reference to exhibit&nbsp;10.7 of the registration statement on Form&nbsp;S-1 of the registrant
(No.&nbsp;333-136735) filed with the Securities and Exchange Commission on October&nbsp;23, 2006.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(3)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Incorporated
by reference to exhibit&nbsp;10.12 of the registration statement on Form&nbsp;S-1 of the registrant
(No.&nbsp;333-136735) filed with the Securities and Exchange Commission on August&nbsp;18, 2006.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(4)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Incorporated
by reference to exhibit&nbsp;10.13 of the registration statement on Form&nbsp;S-1 of the registrant
(No.&nbsp;333-136735) filed with the Securities and Exchange Commission on September&nbsp;27, 2006.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(5)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Incorporated
by reference to exhibit&nbsp;10.1 of the quarterly report on Form&nbsp;10-Q of the registrant filed with the Securities and
Exchange Commission on August&nbsp;12, 2010.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(6)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Incorporated
by reference to exhibit&nbsp;10.2 of the quarterly report on Form&nbsp;10-Q of the registrant filed with the Securities and
Exchange Commission on May&nbsp;17, 2010.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(7)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Incorporated
by reference to exhibit&nbsp;4.3 of the registration statement on Form&nbsp;S-8 of the registrant
(No.&nbsp;333-161834) filed with the Securities and Exchange Commission on September&nbsp;10, 2009.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(8)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Incorporated
by reference to exhibit&nbsp;4.3 of the registration statement on Form&nbsp;S-8 of the registrant
(No.&nbsp;333-164261) filed with the Securities and Exchange Commission on January&nbsp;8, 2010.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(9)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Incorporated
by reference to exhibit&nbsp;4.5 of the registration statement on Form&nbsp;S-8 of the registrant
(No.&nbsp;333-168330) filed with the Securities and Exchange Commission on July&nbsp;27, 2010.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(10)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Incorporated
by reference to exhibit number&nbsp;10.1 of the current report on Form&nbsp;8-K of the registrant filed with the Securities
and Exchange Commission on April&nbsp;6, 2007.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(11)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Incorporated
by reference to exhibit&nbsp;10.2 of the quarterly report on Form&nbsp;10-Q of the registrant filed with the Securities and
Exchange Commission on May&nbsp;12, 2011.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(12)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Incorporated
by reference to exhibit numbers&nbsp;10.1, 10.2, 10.3 and 10.4 of the current report on Form&nbsp;8-K of the registrant filed
with the Securities and Exchange Commission on November&nbsp;2, 2009.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(13)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Incorporated
by reference to exhibit&nbsp;10.1 of the quarterly report on Form&nbsp;10-Q of the registrant filed with the Securities and
Exchange Commission on May&nbsp;17, 2010.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(14)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Incorporated
by reference to exhibit&nbsp;10.2 of the quarterly report on Form&nbsp;10-Q of the registrant filed with the Securities and
Exchange Commission on August&nbsp;12, 2010.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(15)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Incorporated
by reference to exhibit&nbsp;10.1 of the quarterly report on Form&nbsp;10-Q of the registrant filed with the Securities and
Exchange Commission on November&nbsp;16, 2010.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(16)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Incorporated
by reference to exhibit&nbsp;10.1 of the quarterly report on Form&nbsp;10-Q of the registrant filed with the Securities and
Exchange Commission on May&nbsp;12, 2011. </FONT></DD></DL>
 </DIV>
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<P style="font-family:times;"><FONT SIZE=2><A
HREF="#bg45603a_main_toc">Table of Contents</A></FONT></P>
 <DIV style="padding:0pt;position:relative;text-align:left;margin-left:10%;">
 <DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(17)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Incorporated
by reference to exhibit&nbsp;10.1 of the quarterly report on Form&nbsp;10-Q of the registrant filed with the Securities and
Exchange Commission on August&nbsp;15, 2011.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(18)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Incorporated
by reference to exhibits&nbsp;10.3&nbsp;-&nbsp;10.9 of the quarterly report on Form&nbsp;10-Q/A of the
registrant filed with the Securities and Exchange Commission on April&nbsp;1, 2011.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(19)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Incorporated
by reference to exhibit&nbsp;10.2 of the quarterly report on Form&nbsp;10-Q/A of the registrant filed with the Securities and
Exchange Commission on August&nbsp;24, 2011.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(20)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Incorporated
by reference to exhibit number&nbsp;10.1 of the current report on Form&nbsp;8-K of the registrant filed with the Securities
and Exchange Commission on November&nbsp;22, 2011.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(21)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Filed
herewith.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>#</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Management
contract or compensatory plan or arrangement.
<BR><BR></FONT></DD><DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>*</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Confidential
treatment has been granted or requested with respect to portions of this exhibit pursuant to Rule&nbsp;24b-2 of the Securities
Exchange Act of 1934 and these confidential portions have been redacted from the filing that is incorporated by reference. A complete copy of this exhibit, including the redacted terms, has been
separately filed with the Securities and Exchange Commission. </FONT></DD></DL>
 </DIV>
 <UL>
<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(b)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Exhibits
<BR></FONT></DD></DL>
<UL>
<UL>

<P style="font-family:times;"><FONT SIZE=2>See
subsection&nbsp;(a)(2) above. </FONT></P>

</UL>
</UL>
</UL>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>62</FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>
<A HREF="#bg45603a_main_toc">Table of Contents</A> </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="du45603_signatures"> </A>
<A NAME="toc_du45603_1"> </A>
<BR></FONT><FONT SIZE=2><B>  SIGNATURES    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned, thereunto duly authorized. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>Date:
February&nbsp;28, 2012<BR></FONT></P>
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<p style="font-family:times;"></FONT></P>

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<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=3 style="font-family:times;"><FONT SIZE=2> NETLIST,&nbsp;INC.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD style="font-family:times;"><BR><FONT SIZE=2>  By:</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:times;"><BR><FONT SIZE=2>/s/&nbsp;CHUN K. HONG<BR>


<HR NOSHADE SIZE="1.0pt" WIDTH="100%" COLOR="#000000">

</FONT> <FONT SIZE=2> Chun K. Hong<BR></FONT> <FONT SIZE=2><I>President, Chief Executive Officer and<BR>
Chairman of the Board</I></FONT></TD>
</TR>
</TABLE></DIV>
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 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on
the dates indicated: </FONT></P>
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<p style="font-family:times;"></FONT></P>

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 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
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 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH NOWRAP  ALIGN="CENTER" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:17pt;"><FONT SIZE=1><B>Date


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 </B></FONT></DIV></TH>
</TR>
<TR VALIGN="BOTTOM">
<TD ALIGN="CENTER" VALIGN="CENTER" style="font-family:times;"><BR><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD VALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD VALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD VALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD ALIGN="CENTER" VALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>/s/&nbsp;CHUN K. HONG<BR>


<HR NOSHADE SIZE="1.0pt" WIDTH="100%" COLOR="#000000">

</FONT> <FONT SIZE=2> Chun K. Hong</FONT></TD>
<TD VALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>President, Chief Executive Officer and<BR>
Chairman of the Board (Principal<BR>
Executive Officer)</FONT></TD>
<TD VALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="CENTER" VALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>February&nbsp;28, 2012</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD ALIGN="CENTER" VALIGN="CENTER" style="font-family:times;"><BR><FONT SIZE=2>/s/&nbsp;GAIL SASAKI<BR>


<HR NOSHADE SIZE="1.0pt" WIDTH="100%" COLOR="#000000">

</FONT> <FONT SIZE=2> Gail Sasaki</FONT></TD>
<TD VALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD VALIGN="CENTER" style="font-family:times;"><BR><FONT SIZE=2>Vice President and Chief Financial<BR>
Officer (Principal Financial Officer and<BR>
Principal Accounting Officer)</FONT></TD>
<TD VALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD ALIGN="CENTER" VALIGN="CENTER" style="font-family:times;"><BR><FONT SIZE=2>February&nbsp;28, 2012</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD ALIGN="CENTER" VALIGN="CENTER" style="font-family:times;"><BR><FONT SIZE=2>/s/&nbsp;RICHARD J. CHAR<BR>


<HR NOSHADE SIZE="1.0pt" WIDTH="100%" COLOR="#000000">

</FONT> <FONT SIZE=2> Richard J. Char</FONT></TD>
<TD VALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD VALIGN="CENTER" style="font-family:times;"><BR><FONT SIZE=2>Director</FONT></TD>
<TD VALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD ALIGN="CENTER" VALIGN="CENTER" style="font-family:times;"><BR><FONT SIZE=2>February&nbsp;28, 2012</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD ALIGN="CENTER" VALIGN="CENTER" style="font-family:times;"><BR><FONT SIZE=2>/s/&nbsp;THOMAS F. LAGATTA<BR>


<HR NOSHADE SIZE="1.0pt" WIDTH="100%" COLOR="#000000">

</FONT> <FONT SIZE=2> Thomas F. Lagatta</FONT></TD>
<TD VALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD VALIGN="CENTER" style="font-family:times;"><BR><FONT SIZE=2>Director</FONT></TD>
<TD VALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD ALIGN="CENTER" VALIGN="CENTER" style="font-family:times;"><BR><FONT SIZE=2>February&nbsp;28, 2012</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD ALIGN="CENTER" VALIGN="CENTER" style="font-family:times;"><BR><FONT SIZE=2>/s/&nbsp;CLAUDE M. LEGLISE<BR>


<HR NOSHADE SIZE="1.0pt" WIDTH="100%" COLOR="#000000">

</FONT> <FONT SIZE=2> Claude M. Leglise</FONT></TD>
<TD VALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD VALIGN="CENTER" style="font-family:times;"><BR><FONT SIZE=2>Director</FONT></TD>
<TD VALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD ALIGN="CENTER" VALIGN="CENTER" style="font-family:times;"><BR><FONT SIZE=2>February&nbsp;28, 2012</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD ALIGN="CENTER" VALIGN="CENTER" style="font-family:times;"><BR><FONT SIZE=2>/s/&nbsp;ALAN H. PORTNOY<BR>


<HR NOSHADE SIZE="1.0pt" WIDTH="100%" COLOR="#000000">

</FONT> <FONT SIZE=2> Alan H. Portnoy</FONT></TD>
<TD VALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD VALIGN="CENTER" style="font-family:times;"><BR><FONT SIZE=2>Director</FONT></TD>
<TD VALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD ALIGN="CENTER" VALIGN="CENTER" style="font-family:times;"><BR><FONT SIZE=2>February&nbsp;28, 2012</FONT></TD>
</TR>
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 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>63</FONT></P>

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<P style="font-family:times;"><FONT SIZE=2>
<A HREF="#bg45603a_main_toc">Table of Contents</A> </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="fa45603_index_to_consolidated_financial_statements"> </A>
<BR></FONT><FONT SIZE=2><B>  INDEX TO CONSOLIDATED FINANCIAL STATEMENTS    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>
<A NAME="FA45603_TOC"></A> </FONT></P>
 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

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<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="25pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
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<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Page </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#fc45603_report_of_independent___fc402282"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Report of Independent Registered Public Accounting Firm</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#fc45603_report_of_independent___fc402282"><FONT SIZE=2>F-2</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#fg45603_netlist,_inc._and_subsidiaries__net03372"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Consolidated Balance Sheets</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#fg45603_netlist,_inc._and_subsidiaries__net03372"><FONT SIZE=2>F-3</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#fi45603_netlist,_inc._and_subsidiaries__net04200"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Consolidated Statements of Operations</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#fi45603_netlist,_inc._and_subsidiaries__net04200"><FONT SIZE=2>F-4</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#page_fk45603_1_5"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Consolidated Statements of Stockholders' Equity and Comprehensive Loss</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#page_fk45603_1_5"><FONT SIZE=2>F-5</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#fm45603_netlist,_inc._and_subsidiaries__net03157"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Consolidated Statements of Cash Flows</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#fm45603_netlist,_inc._and_subsidiaries__net03157"><FONT SIZE=2>F-6</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD style="font-family:times;"><A HREF="#fo45603_netlist,_inc._and_subsidiaries__net03144"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Notes to Consolidated Financial Statements</FONT></A></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><A HREF="#fo45603_netlist,_inc._and_subsidiaries__net03144"><FONT SIZE=2>F-7</FONT></A></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
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<P style="font-family:times;"><FONT SIZE=2>
<A HREF="#bg45603a_main_toc">Table of Contents</A> </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="fc45603_report_of_independent___fc402282"> </A>
<A NAME="toc_fc45603_1"> </A>
<BR></FONT><FONT SIZE=2><B>  REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM    <BR>    </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>Board
of Directors and Stockholders<BR>
Netlist,&nbsp;Inc. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
have audited the accompanying consolidated balance sheets of Netlist,&nbsp;Inc. and subsidiaries (the "Company") as of December&nbsp;31, 2011 and January&nbsp;1, 2011, and the
related consolidated statements of operations, stockholders' equity and comprehensive loss and cash flows for the years then ended. These consolidated financial statements are the responsibility of
the Company's management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to
obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit on its
internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. An audit
includes examining, on a test basis, evidence supporting the amounts and disclosures in the consolidated financial statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall consolidated financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated financial position of Netlist,&nbsp;Inc. and
subsidiaries as of December&nbsp;31, 2011 and January&nbsp;1, 2011, and the consolidated results of their operations and their cash flows for the years then ended, in conformity with accounting
principles generally accepted in the United States of America. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>/s/
</FONT><FONT SIZE=2>KMJ CORBIN&nbsp;&amp; COMPANY&nbsp;LLP</FONT><FONT SIZE=2><BR>
Costa Mesa, California<BR>
February&nbsp;28, 2012 </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-2</FONT></P>

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<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="fg45603_netlist,_inc._and_subsidiaries__net03372"> </A>
<A NAME="toc_fg45603_1"> </A></FONT> <FONT SIZE=2><B><BR>  NETLIST,&nbsp;INC. AND SUBSIDIARIES    <BR>    <BR>    Consolidated Balance Sheets    <BR>    <BR>    (in thousands, except par value)    <BR>    </B></FONT></P>
 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

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<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
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<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>ASSETS</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Current Assets:</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Cash and cash equivalents</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10,535</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>14,210</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Investments in marketable securities</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>824</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Accounts receivable, net of allowance for doubtful accounts of $47 (2011) and $67 (2010)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>11,399</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>6,451</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Inventories</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>6,057</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>4,509</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Prepaid expenses and other current assets</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>806</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>1,396</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total current assets</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>28,797</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>27,390</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Property and equipment, net</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2><BR>
2,771</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2><BR>
4,077</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Long-term investments in marketable securities</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>444</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>890</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Other assets</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>161</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>337</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total assets</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>32,173</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>32,694</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>LIABILITIES AND STOCKHOLDERS' EQUITY</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Current Liabilities:</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Accounts payable</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>6,155</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>6,256</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Accrued payroll and related liabilities</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>1,813</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>1,762</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Accrued expenses and other current liabilities</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>460</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>369</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Accrued engineering charges</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>450</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>638</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Current portion of long-term debt</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>2,144</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>674</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total current liabilities</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>11,022</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>9,699</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Long-term debt, net of current portion</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>1,118</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>1,063</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Other liabilities</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>94</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>85</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total liabilities</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>12,234</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10,847</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Commitments and contingencies</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Stockholders' equity:</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Preferred stock, $0.001 par value&#151;10,000 shares authorized; no shares issued and outstanding</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Common stock, $0.001 par value&#151;90,000 shares authorized; 26,390 (2011) and 25,284 (2010) shares issued and outstanding</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>26</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>25</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Additional paid-in capital</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>92,709</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>89,074</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Accumulated deficit</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(72,740</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(67,141</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Accumulated other comprehensive loss</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(56</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(111</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total stockholders' equity</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>19,939</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>21,847</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total liabilities and stockholders' equity</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>32,173</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>32,694</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
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 <p style="font-family:times;line-height:1pt;margin-left:18pt;"><font> </FONT> <FONT SIZE=2>
<!-- BLANK LINE TO FORCE PARA -->
&nbsp;&nbsp;&nbsp;
</font></p><p align=center style="font-family:times;"><font> </FONT> <FONT SIZE=2>
See accompanying notes to consolidated financial statements. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-3</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=68,EFW="2206903",CP="NETLIST, INC.",DN="1",CHK=381124,FOLIO='F-3',FILE='DISK128:[11ZDX3.11ZDX45603]FG45603A.;4',USER='GKIBBE',CD='27-FEB-2012;14:34' -->
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NAME="page_fi45603_1_4"> </A>


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<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="fi45603_netlist,_inc._and_subsidiaries__net04200"> </A>
<A NAME="toc_fi45603_1"> </A></FONT> <FONT SIZE=2><B><BR>  NETLIST,&nbsp;INC. AND SUBSIDIARIES    <BR>    <BR>    Consolidated Statements of Operations    <BR>    <BR>    (in thousands, except per share amounts)    <BR>    </B></FONT></P>
 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

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<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
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<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Year Ended </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Net sales</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>60,729</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>37,855</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Cost of sales(1)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>40,468</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>27,910</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Gross profit</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>20,261</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>9,945</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Operating expenses:</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Research and development(1)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>14,924</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>14,762</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Selling, general and administrative(1)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>10,705</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>11,041</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total operating expenses</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>25,629</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>25,803</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Operating loss</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(5,368</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(15,858</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Other (expense) income:</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Interest expense, net</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(228</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(42</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Other (expense) income, net</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(56</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>71</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total other (expense) income, net</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(284</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>29</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Loss before income tax benefit</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(5,652</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(15,829</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Income tax benefit</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(53</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(714</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Net loss</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(5,599</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(15,115</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Net loss per common share:</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Basic and diluted</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(0.22</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(0.64</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Weighted-average common shares outstanding:</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Basic and diluted</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>25,086</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>23,779</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
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<DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Amounts
include stock-based compensation expense as follows: </FONT></DD></DL>
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2><BR></FONT></P>
 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

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<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
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<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Cost of sales</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>79</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>42</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Research and development</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>600</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>357</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Selling, general and administrative</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>941</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>1,083</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
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 </DIV>

 <p style="font-family:times;line-height:1pt;margin-left:18pt;"><font> </FONT> <FONT SIZE=2>
<!-- BLANK LINE TO FORCE PARA -->
&nbsp;&nbsp;&nbsp;
</font></p><p align=center style="font-family:times;"><font> </FONT> <FONT SIZE=2>
See accompanying notes to consolidated financial statements. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-4</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=69,EFW="2206903",CP="NETLIST, INC.",DN="1",CHK=597776,FOLIO='F-4',FILE='DISK128:[11ZDX3.11ZDX45603]FI45603A.;8',USER='GKIBBE',CD='27-FEB-2012;14:34' -->
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<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_fk45603_1_5"> </A>


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</FONT></P>

<!-- COMMAND=ROTATED_TABLE WIDTH="150%" -->

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B>NETLIST,&nbsp;INC. AND SUBSIDIARIES  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> Consolidated Statements of Stockholders' Equity and Comprehensive Loss  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> (in thousands)  </B></FONT></P>
 <DIV style="padding:0pt;position:relative;width:54%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"150%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="150%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="6pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="34pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="6pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="39pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="6pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="37pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="6pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="39pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="6pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="6pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="60pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="6pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="72pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="6pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="63pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH ROWSPAN=3 style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ROWSPAN=3 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Series&nbsp;A<BR>
Preferred<BR>
Stock </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH ROWSPAN=2 style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ROWSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Common Stock </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH ROWSPAN=3 style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=3 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Accumulated<BR>
Other<BR>
Comprehensive<BR>
Loss </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH ROWSPAN=2 style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Additional<BR>
Paid-in<BR>
Capital </B></FONT></TH>
<TH ROWSPAN=2 style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Accumulated<BR>
Deficit </B></FONT></TH>
<TH ROWSPAN=2 style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Total<BR>
Stockholders'<BR>
Equity </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Shares </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Amount </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Shares </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Amount </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:9pt;text-indent:-9pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Balance, January&nbsp;2, 2010</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>20,111</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>20</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>71,332</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(52,026</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(57</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>19,269</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:18pt;text-indent:-9pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Stock-based compensation</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>493</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,482</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,482</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:18pt;text-indent:-9pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Exercise of stock options</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>84</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>81</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>81</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:18pt;text-indent:-9pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Repurchase of common stock</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(16</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(49</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(49</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:18pt;text-indent:-9pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Exercise of warrants</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>18</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>23</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>23</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:18pt;text-indent:-9pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Issuance of common stock</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>4,594</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>5</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>16,205</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>16,210</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:18pt;text-indent:-9pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Components of comprehensive loss:</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:28pt;text-indent:-9pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Change in net unrealized loss on investments</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(54</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(54</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:28pt;text-indent:-9pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Net loss</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(15,115</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(15,115</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:18pt;text-indent:-9pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Comprehensive loss</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(15,169</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:9pt;text-indent:-9pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Balance, January&nbsp;1, 2011</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>25,284</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>25</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>89,074</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(67,141</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(111</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>21,847</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:18pt;text-indent:-9pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Stock-based compensation</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>11</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,620</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,620</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:18pt;text-indent:-9pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Exercise of stock options</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>435</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>203</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>203</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:18pt;text-indent:-9pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Repurchase of common stock</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(37</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(78</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(78</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:18pt;text-indent:-9pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Issuance of common stock</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>697</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,890</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,891</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:18pt;text-indent:-9pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Components of comprehensive loss:</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:28pt;text-indent:-9pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Change in net unrealized loss on investments</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>55</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>55</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:28pt;text-indent:-9pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Net loss</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(5,599</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(5,599</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:18pt;text-indent:-9pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Comprehensive loss</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(5,544</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:9pt;text-indent:-9pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Balance, December&nbsp;31, 2011</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>26,390</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>26</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>92,709</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(72,740</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(56</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>19,939</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
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 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>
See accompanying notes to consolidated financial statements. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-5</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=70,EFW="2206903",CP="NETLIST, INC.",DN="1",CHK=214094,FOLIO='F-5',FILE='DISK128:[11ZDX3.11ZDX45603]FK45603A.;8',USER='GKIBBE',CD='27-FEB-2012;14:34' -->
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NAME="page_fm45603_1_6"> </A>


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</FONT></P>

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<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="fm45603_netlist,_inc._and_subsidiaries__net03157"> </A>
<A NAME="toc_fm45603_1"> </A></FONT> <FONT SIZE=2><B><BR>  NETLIST,&nbsp;INC. AND SUBSIDIARIES    <BR>    <BR>    Consolidated Statements of Cash Flows    <BR>    <BR>    (in thousands)    <BR>    </B></FONT></P>
 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Year Ended </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Cash flows from operating activities:</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Net loss</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(5,599</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(15,115</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Adjustments to reconcile net loss to net cash used in operating activities:</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Depreciation and amortization</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>2,242</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>2,287</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Amortization of deferred gain on sale and leaseback transaction</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(108</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Realized loss on sale of investments in marketable securities</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>59</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Provision for bad debts</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>35</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>35</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Stock-based compensation</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>1,620</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>1,482</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Changes in operating assets and liabilities:</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Accounts receivable</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(4,983</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(2,213</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Inventories</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(1,548</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(2,277</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Prepaid expenses and other current assets</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>759</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(542</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Other assets</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>129</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(116</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Accounts payable</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(102</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>1,907</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Accrued payroll and related liabilities</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>51</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>56</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Accured expenses and other current liabilities</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>101</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(777</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Accrued engineering charges</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(188</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(23</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Net cash used in operating activities</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(7,424</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(15,404</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Cash flows from investing activities:</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Acquisition of property and equipment</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(744</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(942</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Purchase of investments in marketable securities</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(2,395</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Proceeds from maturities and sales of investments in marketable securities</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>1,264</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>5,517</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Net cash provided by investing activities</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>520</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>2,180</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Cash flows from financing activities:</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Borrowings on lines of credit</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>500</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>4,000</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Payments on lines of credit</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(500</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(4,000</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Proceeds of bank term loan</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>2,934</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>1,500</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Payments on debt</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(1,724</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(273</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Proceeds from public offering, net</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>1,891</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>16,210</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Proceeds from exercise of equity awards, net of taxes remitted for restricted stock</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>128</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>55</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Net cash provided by financing activities</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>3,229</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>17,492</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Net (decrease) increase in cash and cash equivalents</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(3,675</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>4,268</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Cash and cash equivalents at beginning of year</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>14,210</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>9,942</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Cash and cash equivalents at end of year</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10,535</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>14,210</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
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&nbsp;&nbsp;&nbsp;
</font></p><p align=center style="font-family:times;"><font> </FONT> <FONT SIZE=2>
See accompanying notes to consolidated financial statements. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-6</FONT></P>

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</FONT></P>

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<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><A
NAME="fo45603_netlist,_inc._and_subsidiaries__net03144"> </A>
<A NAME="toc_fo45603_1"> </A></FONT> <FONT SIZE=2><B><BR>  NETLIST,&nbsp;INC. AND SUBSIDIARIES    <BR>    <BR>    NOTES TO CONSOLIDATED FINANCIAL STATEMENTS    <BR>    <BR>    December&nbsp;31, 2011    <BR>    </B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;1&#151;Description of Business  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Netlist,&nbsp;Inc. (the "Company" or "Netlist") designs and manufactures a wide variety of high performance, logic-based memory subsystems for the global datacenter and
high-performance computing and communications markets. The Company's memory subsystems consist of combinations of dynamic random access memory integrated circuits ("DRAM ICs" or "DRAM"),
NAND flash memory ("NAND"), application-specific integrated circuits ("ASICs") and other components assembled on printed circuit boards ("PCBs"). Netlist primarily markets and sells its products to
leading original equipment manufacturer ("OEM") customers. The Company's solutions are targeted at applications where memory plays a key role in meeting system performance requirements. The Company
leverages a portfolio of proprietary technologies and design techniques, including efficient planar design, alternative packaging techniques and custom semiconductor logic, to deliver memory
subsystems with high memory density, small form factor, high signal integrity, attractive thermal characteristics, reduced power consumption and low cost per bit. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Netlist
was incorporated in June 2000 and is headquartered in Irvine, California. In 2007, the Company established a manufacturing facility in the People's Republic of China (the "PRC"),
which became operational in July 2007 upon the successful qualification of certain key customers. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;2&#151;Summary of Significant Accounting Policies  </B></FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Basis of Presentation  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in
the United States of America ("U.S."). </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Principles of Consolidation  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The consolidated financial statements include the accounts of Netlist,&nbsp;Inc. and its wholly owned subsidiaries. All intercompany
balances and transactions have been eliminated in consolidation. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Fiscal Year  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company operates under a <SUP>52</SUP>/<SMALL>53</SMALL>-week fiscal year ending on the Saturday closest to December&nbsp;31.
The 2011 and 2010 fiscal years ended on December&nbsp;31, 2011 and January&nbsp;1, 2011, respectively. Fiscal years 2011 and 2010 each consisted of 52&nbsp;weeks. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Reclassifications  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain amounts in the 2010 consolidated financial statements have been reclassified to conform to the current year presentation. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Use of Estimates  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. requires management to
make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and
the reported amounts of net sales and expenses during the reporting period. By their nature, these estimates and assumptions are subject to an inherent degree of uncertainty. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-7</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
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<A NAME="page_fo45603_1_8"> </A>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011 </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;2&#151;Summary of Significant Accounting Policies (Continued) </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>Significant
estimates made by management include, among others, provisions for uncollectible receivables and sales returns, warranty liabilities, valuation of inventories, fair value of financial
instruments, impairment of long-lived assets, stock-based compensation expense and realization of deferred tax assets. The Company bases its estimates on historical experience, knowledge
of current conditions and our belief of what could occur in the future considering available information. The Company reviews its estimates on an on-going basis. The actual results
experienced by the Company may differ materially and adversely from its estimates. To the extent there are material differences between the estimates and the actual results, future results of
operations will be affected. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Revenue Recognition  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company's revenues primarily consist of product sales of high performance memory subsystems to original equipment manufacturers
("OEMs"). Revenues also
include sales of excess inventories to distributors and other users of memory integrated circuits ("ICs"), totaling less than 1% of net revenues in 2011 and 2010. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company recognizes revenues in accordance with the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 605. Accordingly, the Company
recognizes revenues when there is persuasive evidence that an arrangement exists, product delivery and acceptance have occurred, the sales price is fixed or determinable, and collectibility of the
resulting receivable is reasonably assured. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company generally uses customer purchase orders and/or contracts as evidence of an arrangement. Delivery occurs when goods are shipped for customers with shipping point terms and
upon receipt for customers with destination terms, at which time title and risk of loss transfer to the customer. Shipping documents are used to verify delivery and customer acceptance. The Company
assesses whether the sales price is fixed or determinable based on the payment terms associated with the transaction and whether the sales price is subject to refund. Customers are generally allowed
limited rights of return for up to 30&nbsp;days, except for sales of excess component inventories, which contain no right-of-return privileges. Estimated returns are provided
for at the time of sale based on historical experience or specific identification of an event necessitating a reserve. The Company offers a standard product warranty to our customers and has no other
post-shipment obligations. The Company assesses collectibility based on the creditworthiness of the customer as determined by credit checks and evaluations, as well as the customer's
payment history. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
amounts billed to customers related to shipping and handling are classified as revenues, while all costs incurred by the Company for shipping and handling are classified as cost of
sales. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Cash and Cash Equivalents  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents consist of cash and short-term investments with original maturities of three months or less,
other than short-term investments in securities that lack an active market. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Investments in Marketable Securities  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company accounts for its investments in marketable securities in accordance with ASC Topic&nbsp;320. The Company determines the
appropriate classification of its investments at the time of </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-8</FONT></P>

<HR NOSHADE>
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<A NAME="page_fo45603_1_9"> </A>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011 </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;2&#151;Summary of Significant Accounting Policies (Continued) </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>purchase
and reevaluates such designation at each balance sheet date. The Company's investments in marketable securities have been classified and accounted for as
available-for-sale based on management's investment intentions relating to these securities. Available-for-sale securities are stated at fair value,
generally based on market quotes, to the extent they are available. Unrealized gains and losses, net of applicable deferred taxes, are recorded as a component of other comprehensive income (loss).
Realized gains and losses and declines in value judged to be other than temporary are determined based on the specific identification method and are reported in other income, net in the consolidated
statements of operations. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company generally invests its excess cash in domestic bank-issued certificates of deposit which carry federal deposit insurance, money market funds and highly liquid debt
instruments of U.S. municipalities, corporations and the U.S. government and its agencies. All highly liquid investments with stated maturities of three months or less from the date of purchase are
classified as cash equivalents; all investments with stated maturities of greater than three months are classified as investments in marketable securities. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Fair Value of Financial Instruments  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company's financial instruments consist principally of cash and cash equivalents, investments in marketable securities, accounts
receivable, accounts payable, accrued expenses and debt instruments. Other than for certain investments in auction rate securities and short-term corporate bonds (see Note&nbsp;4), the
fair value of the Company's cash equivalents and investments in marketable securities is determined based on quoted prices in active markets for identical assets or Level&nbsp;1 inputs. Because of
their short-term nature, short-term corporate bonds are not frequently traded. Although there are observable quotes for these securities, the markets are not considered active.
Accordingly, the fair values of these investments are based on Level&nbsp;2 inputs. The Company recognizes transfers between Levels&nbsp;1 through 3
of the fair value hierarchy at the beginning of the reporting period. The Company believes that the carrying values of all other financial instruments approximate their current fair values due to
their nature and respective durations. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Allowance for Doubtful Accounts  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company evaluates the collectibility of accounts receivable based on a combination of factors. In cases where the Company is aware
of circumstances that may impair a specific customer's ability to meet its financial obligations subsequent to the original sale, the Company will record an allowance against amounts due, and thereby
reduce the net recognized receivable to the amount the Company reasonably believes will be collected. For all other customers, the Company records allowances for doubtful accounts based primarily on
the length of time the receivables are past due based on the terms of the originating transaction, the current business environment and its historical experience. Uncollectible accounts are charged
against the allowance for doubtful accounts when all cost effective commercial means of collection have been exhausted. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-9</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
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<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011 </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;2&#151;Summary of Significant Accounting Policies (Continued) </B></FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Concentration of Credit Risk  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and
cash equivalents, investments in marketable securities, and accounts receivable. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company invests its cash equivalents primarily in money market mutual funds. Cash equivalents are maintained with high quality institutions, the composition and maturities of which
are regularly monitored by management. The Company had $0.5&nbsp;million of FDIC insured cash and cash equivalents at December&nbsp;31, 2011. Investments in marketable securities are generally in
high-credit quality debt instruments. Such investments are made only in instruments issued or enhanced by high-quality institutions. The Company has not realized any credit
losses related to these investments. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company's trade accounts receivable are primarily derived from sales to OEMs&nbsp;in the computer industry (see Note 12). The Company performs credit evaluations of its customers'
financial condition and limits the amount of credit extended when deemed necessary, but generally requires no collateral. Credit quality is monitored by evaluation of credit scores and collection
history. The Company believes that the concentration of credit risk in its trade receivables is moderated by its credit evaluation process, relatively short collection terms, the high level of credit
worthiness of its customers, foreign credit insurance and letters of credit issued on the Company's behalf. Reserves are maintained for potential credit losses, and such losses historically have not
been significant and have been within management's expectations. Potential credit losses are limited to the gross value of accounts receivable. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Inventories  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories are valued at the lower of actual cost to purchase or manufacture the inventory or the net realizable value of the
inventory. Cost is determined on an average cost basis which approximates actual cost on a first-in, first-out basis and includes raw materials, labor and manufacturing
overhead. At each balance sheet date, the Company evaluates its ending inventory quantities on hand and on order and records a provision for excess quantities and obsolescence. Among other factors,
the Company considers historical demand and forecasted demand in relation to the inventory on hand, competitiveness of product offerings, market conditions and product life cycles when determining
obsolescence and net realizable value. In addition, the Company considers changes in the market value of components in determining the net realizable value of its inventory. Provisions are made to
reduce excess or obsolete inventories to their estimated net realizable values. Once established, write-downs are considered permanent adjustments to the cost basis of the excess or obsolete
inventories. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Property and Equipment  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property and equipment are recorded at cost and depreciated on a straight-line basis over their estimated useful lives,
which generally range from three to seven years. Leasehold improvements are recorded at cost and amortized on a straight-line basis over the shorter of their estimated useful lives or the
remaining lease term. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-10</FONT></P>

<HR NOSHADE>
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<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011 </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;2&#151;Summary of Significant Accounting Policies (Continued) </B></FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Impairment of Long-Lived Assets  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company evaluates the recoverability of the carrying value of long-lived assets held and used by the Company for
impairment on at least an annual basis or whenever events or changes in circumstances indicate that their carrying value may not be recoverable. When such factors and circumstances exist, the Company
compares the projected undiscounted future net cash flows associated with the related asset or group of assets over their estimated useful lives against their respective carrying amount. If the
carrying value is determined not to be recoverable from future operating cash flows, the asset is deemed impaired and an impairment loss is recognized to the extent the carrying value exceeds the
estimated fair value of the asset. The fair value of the asset or asset group is based on market value when available, or when unavailable, on discounted expected cash flows. The Company's management
believes there is no impairment of long-lived assets as of December&nbsp;31, 2011. There can be no assurance, however, that market conditions will not change or demand for the Company's
products will continue, which could result in future impairment of long-lived assets. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Warranty Reserve  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company offers product warranties generally ranging from one to three years, depending on the product and negotiated terms of any
purchase agreements with customers. Such warranties require the Company to repair or replace defective product returned to the Company during such warranty period at no cost to the customer.
Warranties are not offered on sales of excess component inventory. The Company records an estimate for warranty-related costs at the time of sale based on its historical and estimated product return
rates and expected repair or replacement costs (see Note&nbsp;3). Such costs have historically been within management's expectations and the provisions established. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Stock-Based Compensation  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company accounts for equity issuances to non-employees in accordance with ASC Topic 505. All transactions in which
goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity
instrument issued, whichever is more reliably measurable. The measurement date used to determine the fair value of the equity instrument issued is the earlier of the date on which the third-party
performance is complete or the date on which it is probable that performance will occur. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
accordance with ASC Topic 718, employee and director stock-based compensation expense recognized during the period is based on the value of the portion of stock-based payment awards
that is ultimately expected to vest during the period. Given that stock-based compensation expense recognized in the consolidated statements of operations is based on awards ultimately expected to
vest, it has been reduced for estimated forfeitures. ASC Topic 718 requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures
differ from those estimates. The Company's estimated average forfeiture rates are based on historical forfeiture experience and estimated future forfeitures. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
fair value of common stock option awards to employees and directors is calculated using the Black-Scholes option pricing model. The Black-Scholes model requires subjective
assumptions regarding future stock price volatility and expected time to exercise, along with assumptions about the risk-free </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-11</FONT></P>

<HR NOSHADE>
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<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011 </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;2&#151;Summary of Significant Accounting Policies (Continued) </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>interest
rate and expected dividends, all of which affect the estimated fair values of the Company's common stock option awards. The expected term of options granted is calculated as the average of
the weighted vesting period and the contractual expiration date of the option. This calculation is based on the safe harbor method permitted by the SEC in instances where the vesting and exercise
terms of options granted meet certain conditions and where limited historical exercise data is available. The expected volatility is based on the historical volatility of the Company's common stock.
The risk-free rate selected to value any particular grant is based on the U.S. Treasury rate that corresponds to the expected term of the grant effective as of the date of the grant. The
expected dividend assumption is based on the Company's history and management's expectation regarding dividend payouts. Compensation expense for common stock option awards with graded vesting
schedules is recognized on a straight-line basis over the requisite service period for the last separately vesting portion of the award, provided that the accumulated cost recognized as of
any date at least equals the value of the vested portion of the award. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company recognizes the fair value of restricted stock awards issued to employees and outside directors as stock-based compensation expense on a straight-line basis over
the vesting period for the last separately vesting portion of the awards. Fair value is determined as the difference between the closing price of our common stock on the grant date and the purchase
price of the restricted stock award, if any, reduced by expected forfeitures. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Income Taxes  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred tax assets and liabilities are recognized to reflect the estimated future tax effects, calculated at currently effective tax
rates, of future deductible or taxable amounts attributable to events that have been recognized on a cumulative basis in the consolidated financial statements. A valuation allowance related to a net
deferred tax asset is recorded when it is more likely than not that some portion of the deferred tax asset will not be realized. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASC
Topic 740 prescribes a recognition threshold and measurement requirement for the financial statement recognition of a tax position that has been taken or is expected to be taken on a
tax return and also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. Under ASC Topic 740 the Company
may only recognize or continue to recognize tax positions that meet a "more likely than not" threshold. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Research and Development Expenses  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Research and development expenditures are expensed in the period incurred. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Collaborative Agreements  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In 2011, the Company entered into two memory technology Collaboration Agreements. The first agreement is a HyperCloud&#153;
Technology Collaboration Agreement (the "IBM Agreement") with International Business Machines ("IBM"). Under the IBM Agreement, IBM and the Company have agreed to cooperate with respect to the
qualification of HyperCloud&#153; technology for use with IBM servers and to engage in certain joint marketing efforts if qualification is achieved. IBM and the </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-12</FONT></P>

<HR NOSHADE>
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<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011 </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;2&#151;Summary of Significant Accounting Policies (Continued) </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>Company
have agreed to commit resources and funds in support of these activities. The IBM Agreement is non-exclusive. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
second agreement is a Collaboration Agreement (the "HP Agreement") with Hewlett-Packard Company ("HP"). Under the HP Agreement, HP and the Company have agreed to cooperate with
respect to the qualification of HyperCloud&#153; technology for use with HP servers and to engage in certain joint marketing efforts if qualification is achieved. HP and the Company have agreed
to commit resources and funds in support of these activities. The HP Agreement is exclusive for a period of time. HP and the Company agree to collaborate on the future use of HyperCloud&#153;
load reduction and rank multiplication technologies for next generation server memory for HP. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
2011, the Company reimbursed IBM and HP $0.2&nbsp;million and $0.1&nbsp;million, respectively, for the cost of certain qualification activities. The payments are included in
research and development expense in the accompanying consolidated statement of operations. The Company may be required to make additional payments to both IBM and HP for joint marketing activities if
and when the HyperCloud&#153; technology is qualified. The Company's net sales will be determined after deduction of such customer allowances, in accordance with ASC 605-50. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There
can be no assurance that the efforts undertaken under either of the IBM or HP collaboration agreements will result in any new revenues for the Company. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Through
2011, the Company maintained a collaborative arrangement with a partner in order to develop products using certain of the Company's proprietary technology. Under the arrangement,
the development partner was granted a non-exclusive license to specified intellectual property for exclusive use in the development and production of ASIC chipsets for the Company. Both
the Company and the development partner provided engineering project management resources at their own expense. The development partner was entitled to non-recurring engineering fees based
upon the achievement of development milestones, and to a minimum portion of the Company's purchasing allocations for the component. Expenses incurred and paid to the development partner, which were
insignificant in 2011 and amounted to $0.3 million in 2010, are included in research and development expense in the accompanying consolidated statements of operations. As of December&nbsp;31, 2011,
the operational and financial obligations under the agreement have been fulfilled. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Comprehensive Loss  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASC Topic 220 establishes standards for reporting and displaying comprehensive income (loss) and its components in the consolidated
financial statements. Accumulated other comprehensive loss includes unrealized gains or losses on investments. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Risks and Uncertainties  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company has invested and expects to continue to invest a significant portion of its research and development budget into the design
of ASIC devices, including the HyperCloud&#153; memory subsystem. This new design and the products it is incorporated into are subject to increased risks as compared to the Company's existing
products. The Company may be unable to achieve customer or market acceptance of the HyperCloud&#153; memory subsystem or other new products, or achieve such acceptance in a timely manner. The
Company has experienced a longer qualification cycle than </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-13</FONT></P>

<HR NOSHADE>
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<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011 </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;2&#151;Summary of Significant Accounting Policies (Continued) </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>anticipated
with its HyperCloud&#153; memory subsystems, and as of December&nbsp;31, 2011 the product has not generated significant revenue relative to the Company's investment in the
product. The Company has entered into collaborative agreements with both HP and IBM pursuant to which these OEMs&nbsp;have agreed to cooperate with the Company in efforts to qualify
HyperCloud&#153; for use in their respective products. If qualification is achieved by one or both of these OEMs, the qualifying OEM will engage with the Company in joint marketing and further
product development efforts. The Company and each of the OEMs&nbsp;have committed financial and other resources toward the collaboration. There can be no assurance that the efforts undertaken
pursuant to either of the collaborative agreements will result in any new revenues for the Company. Further delays or any failure in placing or qualifying this product with HP, IBM or other potential
customers would adversely impact the Company's results of operations. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company's operations in the PRC are subject to various political, geographical and economic risks and uncertainties inherent to conducting business in the PRC. These include, but are
not limited to, (i)&nbsp;potential changes in economic conditions in the region, (ii)&nbsp;managing a local workforce that may subject the Company to uncertainties or certain regulatory policies,
(iii)&nbsp;changes in other policies of the Chinese governmental and regulatory agencies, and (iv)&nbsp;changes in the laws and policies of the U.S. government regarding the conduct of business in
foreign countries, generally, or in the PRC, in
particular. Additionally, the Chinese government controls the procedures by which its local currency, the Chinese Renminbi ("RMB"), is converted into other currencies and by which dividends may be
declared or capital distributed for the purpose of repatriation of earnings and investments. If restrictions in the conversion of RMB or in the repatriation of earnings and investments through
dividend and capital distribution restrictions are instituted, the Company's operations and operating results may be negatively impacted. Restricted net assets of our subsidiary in the PRC totaled
$0.6&nbsp;million and $2.0&nbsp;million at December&nbsp;31, 2011 and January&nbsp;1, 2011, respectively. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Foreign Currency Remeasurement  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The functional currency of the Company's foreign subsidiary is the U.S. dollar. Local currency financial statements are remeasured into
U.S. dollars at the exchange rate in effect as of the balance sheet date for monetary assets and liabilities and the historical exchange rate for nonmonetary assets and liabilities. Expenses are
remeasured using the average exchange rate for the period, except items related to nonmonetary assets and liabilities, which are remeasured using historical exchange rates. All remeasurement gains and
losses are included in determining net loss. Transaction gains and losses were not significant in 2011 and 2010. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Net Loss Per Share  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic net loss per share is calculated by dividing net loss by the weighted-average common shares outstanding during the year,
excluding unvested shares issued pursuant to restricted share awards under the Company's share-based compensation plans. Diluted net loss per share is calculated by dividing the net loss by the
weighted-average shares and dilutive potential common shares outstanding during the year. Dilutive potential shares consist of dilutive shares issuable upon the exercise or vesting of outstanding
stock options and restricted stock awards, respectively, computed using the treasury stock </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-14</FONT></P>

<HR NOSHADE>
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<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011 </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;2&#151;Summary of Significant Accounting Policies (Continued) </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>method.
In periods of losses, basic and diluted loss per share are the same, as the effect of stock options and unvested restricted share awards on loss per share is anti-dilutive. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> New Accounting Pronouncements  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In May 2011, the FASB issued Accounting Standards Update ("ASU") No.&nbsp;2011-4, Fair Value Measurement ("ASU
11-4"). ASU 11-4 amends existing guidance to achieve convergence in measurement and disclosure between U.S. Generally Accepted Accounting Standards ("GAAP") and International
Financial Reporting Standards ("IFRS"). ASU 11-4 is effective for fiscal year 2012. The Company is currently evaluating the impact that ASU 11-4 will have on its consolidated
financial statements. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
June 2011, the FASB issued ASU No.&nbsp;2011-5, Comprehensive Income ("ASU 11-5"). ASU 11-5 amends existing guidance to increase the prominence
of items reported in other comprehensive income and to facilitate convergence of U.S.&nbsp;GAAP and IFRS. ASU 11-5 is effective for fiscal year 2012. The Company is currently evaluating
the impact that ASU 11-4 will have on its consolidated financial statements. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;3&#151;Supplemental Financial Information  </B></FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Inventories  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories consist of the following (in thousands): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

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<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Raw materials</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>4,312</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2,631</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Work in process</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>237</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>171</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Finished goods</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,508</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,707</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>6,057</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>4,509</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-15</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=9,SEQ=80,EFW="2206903",CP="NETLIST, INC.",DN="1",CHK=5411,FOLIO='F-15',FILE='DISK128:[11ZDX3.11ZDX45603]FO45603A.;13',USER='GKIBBE',CD='27-FEB-2012;14:34' -->
<A NAME="page_fo45603_1_16"> </A>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011 </B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;3&#151;Supplemental Financial Information (Continued) </B></FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Property and Equipment  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property and equipment consist of the following (dollars in thousands): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="53pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Estimated<BR>
Useful<BR>
Lives </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Machinery and equipment</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3-7 yrs.</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>8,130</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>7,595</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Leasehold improvements</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>*</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,817</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,795</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Furniture and fixtures</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>5 yrs.</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>457</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>457</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Computer equipment and software</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3-7 yrs.</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3,365</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3,099</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>13,769</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>12,946</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Less accumulated depreciation and amortization</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(10,998</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(8,869</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="CENTER" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2,771</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>4,077</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" >
 </DIV>
<DIV style="padding:0pt;position:relative;text-align:left;margin-left:15%;">
 <DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>*</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Estimated
useful life is generally 7&nbsp;years, or the remaining lease term, whichever is shorter. </FONT></DD></DL>
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Included
in property and equipment are assets under capital leases with a cost of approximately $0.5&nbsp;million and $0.6&nbsp;million and accumulated amortization of approximately
$0.1&nbsp;million and $0.1&nbsp;million at December&nbsp;31, 2011 and January&nbsp;1, 2011, respectively. Amortization of assets recorded under capital leases is included as a component of
depreciation and amortization expense. </FONT></P>

<UL>


<P style="font-family:times;"><FONT SIZE=2><I> Warranty Liability  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table summarizes the activity related to the warranty liability (in thousands): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Year Ended </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Beginning balance</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>194</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>240</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Estimated cost of warranty claims charged to cost of sales</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>342</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>271</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Cost of actual warranty claims</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(347</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(317</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Ending balance</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>189</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>194</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Less current portion</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(94</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(109</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Long-term warranty obligations</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>95</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>85</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
allowance for warranty liabilities expected to be incurred within one year is included as a component of accrued expenses and other current liabilities in the accompanying
consolidated balance sheets. The allowance for warranty liabilities expected to be incurred after one year is included as a component of other liabilities in the accompanying consolidated balance
sheets. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-16</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=10,SEQ=81,EFW="2206903",CP="NETLIST, INC.",DN="1",CHK=970558,FOLIO='F-16',FILE='DISK128:[11ZDX3.11ZDX45603]FO45603A.;13',USER='GKIBBE',CD='27-FEB-2012;14:34' -->
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<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_fq45603_1_17"> </A>


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</FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;3&#151;Supplemental Financial Information (Continued)  </B></FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Facility Relocation Costs  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In accordance with ASC Topic 420, the Company recorded accruals related to the 2007 sublet of its former domestic headquarters facility
and the 2009 sublet of a portion of its current headquarters facility. The master lease on the former facility and both subleases reached the conclusion of their terms in 2010. The Company determined
that its estimates regarding the net payments due under the subleases exceeded its actual liability. As a result, the Company reversed approximately $61,000 of its accrual for facility relocation
costs. The reversal of the accrual is included as a component of selling, general and administrative expense in the accompanying consolidated statement of operations for 2010. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table summarizes the activity and liability balance related to the facility relocation costs (in thousands): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="27pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Liability balance, January&nbsp;2, 2010</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>84</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Charged to costs and expenses</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(61</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Net payments</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(23</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Liability balance, January&nbsp;1, 2011</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <UL>

<P style="font-family:times;"><FONT SIZE=2><I> Comprehensive Loss  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The components of comprehensive loss, net of taxes, consist of the following (in thousands): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

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<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Year Ended </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Net loss</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(5,599</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(15,115</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Other comprehensive loss:</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Change in net unrealized loss on investments</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Unrealized loss transferred from other comprehensive loss to earnings</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>59</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Net unrealized loss on investments, net of tax</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(4</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(54</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total comprehensive loss</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(5,544</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(15,169</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated
other comprehensive loss reflected on the consolidated balance sheets at December&nbsp;31, 2011 and January&nbsp;1, 2011 represents accumulated net unrealized losses on
investments in marketable securities. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-17</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>

<!-- ZEQ.=1,SEQ=82,EFW="2206903",CP="NETLIST, INC.",DN="1",CHK=868330,FOLIO='F-17',FILE='DISK128:[11ZDX3.11ZDX45603]FQ45603A.;19',USER='GKIBBE',CD='27-FEB-2012;14:34' -->
<A NAME="page_fq45603_1_18"> </A>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011 </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;3&#151;Supplemental Financial Information (Continued) </B></FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Computation of Net Loss Per Share  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth the computation of basic and diluted net loss per share, including the reconciliation of the numerator
and denominator used in the calculation of basic and diluted net loss per share (in thousands, except per share data): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Year Ended </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Basic and diluted net loss per share:</B></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Numerator: Net loss</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(5,599</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(15,115</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Denominator: Weighted-average common shares<BR>
outstanding, basic and diluted</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>25,086</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>23,779</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Basic and diluted net loss per share</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(0.22</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(0.64</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table sets forth potentially dilutive common share equivalents, consisting of shares issuable upon the exercise or vesting of outstanding stock options and restricted stock
awards, respectively, and the exercise of warrants, computed using the treasury stock method. These potential common shares have been excluded from the diluted net loss per share calculations above as
their effect would be anti-dilutive for the years then ended (in thousands): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

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<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Year Ended </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;2,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Common share equivalents</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,455</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,948</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
above common share equivalents would have been included in the calculation of diluted earnings per share had the Company reported net income for the years then ended. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-18</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>

<!-- ZEQ.=2,SEQ=83,EFW="2206903",CP="NETLIST, INC.",DN="1",CHK=516878,FOLIO='F-18',FILE='DISK128:[11ZDX3.11ZDX45603]FQ45603A.;19',USER='GKIBBE',CD='27-FEB-2012;14:34' -->
<A NAME="page_fq45603_1_19"> </A>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011 </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;3&#151;Supplemental Financial Information (Continued) </B></FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Cash Flow Information  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth supplemental disclosures of cash flow information and non-cash investing and financing
activities (in thousands): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

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<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
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<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Year Ended </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Supplemental disclosure of cash flow information:</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Cash paid (received) during the year for:</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Interest</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>227</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>96</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Income taxes</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>4</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(715</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Supplemental disclosure of non-cash investing and financing acitivies:</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Purchase of equipment through capitalized lease obligations</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>117</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>351</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Debt financed acquisition of assets</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>169</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>199</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Purchase of equipment not paid for at the end of the year</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>2</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>292</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Unrealized losses from investments in marketable securities</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>4</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>54</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
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 </DIV>
 <P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;4&#151;Fair Value Measurements  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following tables detail the fair value measurements within the fair value hierarchy of the Company's investments in marketable securities (in thousands): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:73%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

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<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="87pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="81pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Fair Value Measurements at December&nbsp;31, 2011 Using </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Fair Value at<BR>
December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Quoted Prices in<BR>
Active Markets for<BR>
Identical Assets<BR>
(Level&nbsp;1) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Significant Other<BR>
Observable<BR>
Inputs<BR>
(Level&nbsp;2) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Significant<BR>
Unobservable<BR>
Inputs<BR>
(Level&nbsp;3) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Money market mutual funds</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>5,600</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>5,600</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Auction and variable floating rate notes</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>444</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>444</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>6,044</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>5,600</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>444</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-19</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=84,EFW="2206903",CP="NETLIST, INC.",DN="1",CHK=287797,FOLIO='F-19',FILE='DISK128:[11ZDX3.11ZDX45603]FQ45603A.;19',USER='GKIBBE',CD='27-FEB-2012;14:34' -->
<A NAME="page_fq45603_1_20"> </A>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011 </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;4&#151;Fair Value Measurements (Continued) </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;<BR></FONT></P>
 <DIV style="padding:0pt;position:relative;width:73%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"110%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="110%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="61pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="87pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="81pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Fair Value Measurements at January&nbsp;1, 2011 Using </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Fair Value at<BR>
January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Quoted Prices in<BR>
Active Markets for<BR>
Identical Assets<BR>
(Level&nbsp;1) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Significant Other<BR>
Observable<BR>
Inputs<BR>
(Level&nbsp;2) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Significant<BR>
Unobservable<BR>
Inputs<BR>
(Level&nbsp;3) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Money market mutual funds</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>12,654</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>12,654</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Corporate notes and bonds</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>824</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>824</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Auction and variable floating rate notes</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>890</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>890</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>14,368</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>12,654</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>824</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>890</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following tables summarize the Company's assets measured at fair value on a recurring basis as presented in the Company's consolidated balance sheets at December&nbsp;31, 2011 and
January&nbsp;1, 2011: </FONT></P>
 <DIV style="padding:0pt;position:relative;width:73%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"110%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="110%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="87pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="81pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Fair Value Measurements at December&nbsp;31, 2011 Using </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Fair Value at<BR>
December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Quoted Prices in<BR>
Active Markets for<BR>
Identical Assets<BR>
(Level&nbsp;1) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Significant Other<BR>
Observable<BR>
Inputs<BR>
(Level&nbsp;2) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Significant<BR>
Unobservable<BR>
Inputs<BR>
(Level&nbsp;3) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Cash equivalents</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>5,600</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>5,600</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Long-term marketable securities</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>444</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>444</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total assets measured at fair value</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>6,044</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>5,600</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>444</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;<BR></FONT></P>
 <DIV style="padding:0pt;position:relative;width:73%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"110%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="110%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="61pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="87pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="81pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Fair Value Measurements at January&nbsp;1, 2011 Using </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Fair Value at<BR>
January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Quoted Prices in<BR>
Active Markets for<BR>
Identical Assets<BR>
(Level&nbsp;1) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Significant Other<BR>
Observable<BR>
Inputs<BR>
(Level&nbsp;2) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Significant<BR>
Unobservable<BR>
Inputs<BR>
(Level&nbsp;3) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Cash equivalents</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>12,654</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>12,654</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Short-term marketable securities</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>824</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>824</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Long-term marketable securities</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>890</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>890</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total assets measured at fair value</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>14,368</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>12,654</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>824</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>890</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair
value measurements using Level&nbsp;3 inputs in the table above relate to the Company's investments in auction rate securities. The disruptions in the credit market continue to
adversely affect the liquidity and overall market for auction rate securities. The Company has estimated the fair value of these investments using a discounted cash flow model which included
assumptions about the credit quality and expected duration of the investments, along with discount rates affected for the general lack of liquidity. These assumptions reflect the Company's estimates
about the reasonable assumptions market participants would likely use in valuing the investments, including assumptions about risk, developed based on the best information available in the
circumstances. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-20</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=85,EFW="2206903",CP="NETLIST, INC.",DN="1",CHK=261673,FOLIO='F-20',FILE='DISK128:[11ZDX3.11ZDX45603]FQ45603A.;19',USER='GKIBBE',CD='27-FEB-2012;14:34' -->
<A NAME="page_fq45603_1_21"> </A>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011 </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;4&#151;Fair Value Measurements (Continued) </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table provides a reconciliation of the beginning and ending balances for the Company's assets measured at fair value using Level&nbsp;3 inputs (in thousands): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Year Ended </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Beginning balance</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>890</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>941</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Sales of available-for-sale marketable securities</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(441</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Realized loss included in other income (expense), net</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(59</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Unrealized loss transferred from other comprehensive loss to earnings</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>59</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Unrealized loss included in accumulated other comprehensive loss</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(4</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(50</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Accrued interest</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(1</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(1</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Ending balance</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>444</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>890</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;5&#151;Investments in Marketable Securities  </B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments in marketable securities consist of the following at December&nbsp;31, 2011 and January&nbsp;1, 2011 (in thousands): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

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<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="49pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="56pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="30pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31, 2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Amortized<BR>
Cost </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Net<BR>
Unrealized<BR>
Gain (Loss) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Fair<BR>
Value </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Auction and variable floating rate notes</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>500</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(56</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>444</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
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 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;<BR></FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="49pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="56pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="39pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1, 2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Amortized<BR>
Cost </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Net<BR>
Unrealized<BR>
Gain (Loss) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Fair<BR>
Value </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Corporate notes and bonds</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>824</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>824</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Auction and variable floating rate notes</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,001</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(111</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>890</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,825</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(111</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,714</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
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 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized
gains and losses on the sale of investments in marketable securities are determined using the specific identification method. Other than the sale of one of the Company's auction
rate securities, described below, there were no sales of available-for-sale securities prior to maturity in 2011 or 2010. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-21</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=86,EFW="2206903",CP="NETLIST, INC.",DN="1",CHK=975323,FOLIO='F-21',FILE='DISK128:[11ZDX3.11ZDX45603]FQ45603A.;19',USER='GKIBBE',CD='27-FEB-2012;14:34' -->
<A NAME="page_fq45603_1_22"> </A>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011 </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;5&#151;Investments in Marketable Securities (Continued) </B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table provides the breakdown of investments in marketable securities with unrealized losses at December&nbsp;31, 2011 and January&nbsp;1, 2011 (in thousands): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

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<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="27pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="51pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="30pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="51pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=11 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31, 2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=11 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Continuous Unrealized Loss </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Less than<BR>
12&nbsp;months </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>12&nbsp;months<BR>
or greater </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Fair<BR>
Value </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Unrealized<BR>
Loss </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Fair<BR>
Value </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Unrealized<BR>
Loss </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Auction and variable floating rate notes</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>444</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(56</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;<BR></FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

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<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="27pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="51pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="30pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="51pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=11 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1, 2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=11 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Continuous Unrealized Loss </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Less than<BR>
12&nbsp;months </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>12&nbsp;months<BR>
or greater </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Fair<BR>
Value </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Unrealized<BR>
Loss </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Fair<BR>
Value </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Unrealized<BR>
Loss </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Auction and variable floating rate notes</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>890</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(111</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
of December&nbsp;31, 2011 and January&nbsp;1, 2011, the Company held one and two investments, respectively, that were in an unrealized loss position. Excluding its auction rate
securities, there were no gross unrealized gains or losses on the marketable securities held at January&nbsp;1, 2011. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following tables present the amortized cost and fair value of the Company's investments in marketable securities classified as available-for-sale at
December&nbsp;31, 2011 and January&nbsp;1, 2011 by contractual maturity (in thousands): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

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<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="49pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="30pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31, 2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Amortized<BR>
Cost </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Fair<BR>
Value </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Maturity</B></FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Greater than two years*</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>500</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>444</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;<BR></FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="49pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="39pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1, 2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Amortized<BR>
Cost </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Fair<BR>
Value </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><B>Maturity</B></FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Less than one year</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>824</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>824</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Greater than two years*</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,001</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>890</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,825</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,714</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" >
 </DIV>
<DIV style="padding:0pt;position:relative;text-align:left;margin-left:15%;">
 <DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>*</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>Comprised
of auction rate securities which generally have interest rate reset dates of 90&nbsp;days or less but final contractual maturity dates in excess
of 15&nbsp;years. </FONT></DD></DL>
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-22</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=87,EFW="2206903",CP="NETLIST, INC.",DN="1",CHK=1000183,FOLIO='F-22',FILE='DISK128:[11ZDX3.11ZDX45603]FQ45603A.;19',USER='GKIBBE',CD='27-FEB-2012;14:34' -->
<A NAME="page_fq45603_1_23"> </A>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011 </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;5&#151;Investments in Marketable Securities (Continued) </B></FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Auction Rate Securities  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Disruptions in the credit market continue to adversely affect the liquidity and overall market for auction rate securities. As of
December&nbsp;31, 2011, the Company held one investment in a Baa1 rated auction rate debt securities of a municipality with a total purchase cost of $0.5&nbsp;million. An additional A3 rated debt
obligation backed by pools of student loans guaranteed by the U.S. Department of Education with a total purchase cost of $0.5&nbsp;million was owned at January&nbsp;1, 2011, and disposed of in
June 2011 for a realized loss of $59,000. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company does not believe that the current illiquidity of its remaining investment in auction rate securities will materially impact its ability to fund its working capital needs,
capital expenditures or other business requirements. The Company, however, remains uncertain as to when full liquidity will return to the auction rate markets, whether other secondary markets will
become available or when the underlying security may be called by the issuer. Given these and other uncertainties, the Company's investments in auction rate securities have been classified as
long-term in the accompanying consolidated balance sheets. The Company has concluded that the estimated gross unrealized losses on these investments, which totaled approximately $56,000
and $111,000 at December&nbsp;31, 2011 and January&nbsp;1, 2011, respectively, are temporary because (i)&nbsp;the Company believes that the liquidity limitations that have occurred are due to
general market conditions, (ii)&nbsp;the remaining auction rate security continues to be of a high credit quality and interest is paid as due and (iii)&nbsp;the Company has the intent and ability
to hold this investment until a recovery in the market occurs. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;6&#151;Credit Agreement  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On October&nbsp;31, 2009, the Company entered into a credit agreement with Silicon Valley Bank, which was amended on March&nbsp;24, 2010, June&nbsp;30, 2010, September&nbsp;30,
2010, May&nbsp;11, 2011 and August&nbsp;10, 2011 (the "Credit Agreement"). Currently, the Credit Agreement provides for a line of credit pursuant to which the Company can borrow up to the lesser
of (i)&nbsp;80% of eligible accounts receivable, or (ii)&nbsp;$10.0&nbsp;million.
The Company has the option to increase credit availability to $15.0&nbsp;million at any time through the maturity date of September&nbsp;30, 2013, subject to the conditions of the Credit
Agreement. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Credit Agreement contains an overall sublimit of $10.0&nbsp;million to collateralize the Company's contingent obligations under letters of credit, foreign exchange contracts and
cash management services. Amounts outstanding under the overall sublimit reduce the amount available pursuant to the Credit Agreement. At December&nbsp;31, 2011, letters of credit in the amount of
$2.0&nbsp;million with expiration dates through October&nbsp;31, 2012 were outstanding. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest
on the line of credit provided by the Credit Agreement is payable monthly at either (i)&nbsp;prime (4.00% at December&nbsp;31, 2011) plus 1.25%, as long as the Company
maintains $8.5&nbsp;million in revolving credit availability plus unrestricted cash on deposit with the bank, or (ii)&nbsp;prime plus 2.25%. Additionally, the Credit Agreement requires payments
for an unused line, as well as anniversary and early termination fees, as applicable. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-23</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=7,SEQ=88,EFW="2206903",CP="NETLIST, INC.",DN="1",CHK=372225,FOLIO='F-23',FILE='DISK128:[11ZDX3.11ZDX45603]FQ45603A.;19',USER='GKIBBE',CD='27-FEB-2012;14:34' -->
<A NAME="page_fq45603_1_24"> </A>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011 </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;6&#151;Credit Agreement (Continued) </B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table presents details of interest expense related to borrowings on the lines of credit, along with certain other applicable information (in thousands): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

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<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
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<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Year Ended </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Interest expense</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>35</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>39</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;<BR></FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

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<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Availability under the revolving line of credit</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>7,797</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>5,100</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Outstanding borrowings on the revolving line of credit</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Amounts reserved under credit sublimits</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(2,022</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(2,900</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Unutilized borrowing availability under the revolving line of credit</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>5,775</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>2,200</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
connection with the September&nbsp;30, 2010 amendment to the Credit Agreement, Silicon Valley Bank extended a $1.5&nbsp;million term loan under the Credit Agreement, which bears
interest at a rate of prime plus 2.00% ("Term Loan I"). The Company is required to make monthly principal payments of $41,666 of over the 36&nbsp;month term of the loan, or $0.5&nbsp;million
annually. Term Loan I matures in September 2013. In May 2011, Silicon Valley Bank extended an additional $3.0&nbsp;million term loan ("Term Loan II"), and extended the term of the existing credit
facility through September 2013. The Term Loan II bears interest at a rate of prime plus 2.75%, and is payable in equal installments of $125,000 over the 24&nbsp;month term of the loan, or
$1.5&nbsp;million annually. Term Loan II matures in May 2013. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
term loans are classified in long-term debt in the accompanying consolidated balance sheets. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
obligations under the Credit Agreement are secured by a first priority lien on the Company's tangible and intangible assets. The Credit Agreement subjects the Company to certain
affirmative and negative covenants, including financial covenants with respect to the Company's liquidity and tangible net worth and restrictions on the payment of dividends. As of December&nbsp;31,
2011, the Company was in compliance with its financial covenants. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-24</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
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<A NAME="page_fq45603_1_25"> </A>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011 </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;7&#151;Long-Term Debt  </B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Long-term debt consists of the following (in thousands): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

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<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
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<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Obligations under capital leases (see Note&nbsp;9)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>300</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>362</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Term Loan I (see Note 6)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>875</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,375</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Term Loan II, net of issuance cost of $38 (see Note 6)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2,087</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3,262</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,737</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Less current portion</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(2,144</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(674</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,118</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,063</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company has purchased manufacturing and computer equipment through the use of various capital leases that mature at various dates through October 2013 (see Note&nbsp;9). The
interest rates on these leases vary between 6.0% and 6.8%. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
of December&nbsp;31, 2011, maturities of long-term debt were as follows (in thousands): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

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<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="39pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2><I>Fiscal Year</I></FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>2012</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>2,182</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>2013</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>1,118</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total payments on long-term debt</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>3,300</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Debt discount</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(38</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Long-term debt</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>3,262</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest
expense related to the Company's long-term debt is presented in the following table (in thousands): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Year Ended </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Interest expense</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>202</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>56</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-25</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=9,SEQ=90,EFW="2206903",CP="NETLIST, INC.",DN="1",CHK=172588,FOLIO='F-25',FILE='DISK128:[11ZDX3.11ZDX45603]FQ45603A.;19',USER='GKIBBE',CD='27-FEB-2012;14:34' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P style="font-family:times;"><FONT SIZE=2><A
NAME="page_fs45603_1_26"> </A>


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<!-- COMMAND=ADD_TABLESHADECOLOR,"#CCEEFF" -->




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</FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;8&#151;Income Taxes  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used
for income tax purposes. Significant components of the Company's deferred tax assets and liabilities are as follows (in thousands): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Deferred tax assets:</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Reserves and allowances</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,995</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,844</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>State taxes, net of federal income tax benefit</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Depreciation and amortization</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>682</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>375</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Other accruals</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>331</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>316</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Compensatory stock options and rights</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2,150</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,949</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Other</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>25</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>48</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Tax credit carryforwards</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,949</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,296</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Operating loss carryforward</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>12,306</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>11,513</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Foreign operating loss carryforward</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,031</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>878</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total deferred tax assets</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>20,469</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>18,220</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Deferred tax liabilities:</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Prepaid expenses</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(199</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(203</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total deferred tax liabilities</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(199</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(203</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Subtotal</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>20,270</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>18,017</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Valuation allowance</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(20,270</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(18,017</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company evaluates whether a valuation allowance should be established against its deferred tax assets based on the consideration of all available evidence using a "more likely than
not" standard. In making such judgments, significant weight is given to evidence that can be objectively verified. As of December&nbsp;31, 2011 and January&nbsp;1, 2011, a valuation allowance of
$20.3&nbsp;million and $18.0&nbsp;million, respectively, has been provided based on the Company's assessment that it is more likely than not, that sufficient taxable income will not be generated
to realize the tax benefits of the temporary differences. The valuation allowance increased by approximately $2.3&nbsp;million and $5.9&nbsp;million during the years ended December&nbsp;31, 2011
and January&nbsp;1, 2011, respectively, primarily related to the increase in the net operating loss carryforward. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
December&nbsp;31, 2011, the Company has approximately $32.3&nbsp;million of federal net operating loss ("NOL") carryforwards which begin to expire in year 2029, and
approximately $24.2&nbsp;million of state net
operating loss carryforwards which begin to expire in year 2017, and Federal and state tax credit carryforwards of approximately $0.9&nbsp;million and $1.0&nbsp;million, respectively at
December&nbsp;31, 2011. Federal tax credit carryforwards begin to expire in 2026 and state tax credits carry forward indefinitely. In addition, the Company has approximately $7.6&nbsp;million of
operating loss carryforwards in the PRC that begin to expire in 2012. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-26</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=91,EFW="2206903",CP="NETLIST, INC.",DN="1",CHK=99754,FOLIO='F-26',FILE='DISK128:[11ZDX3.11ZDX45603]FS45603A.;20',USER='GKIBBE',CD='27-FEB-2012;14:41' -->
<A NAME="page_fs45603_1_27"> </A>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011 </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;8&#151;Income Taxes (Continued) </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
deferred tax asset at December&nbsp;31, 2011 does not include approximately $1.4&nbsp;million and $1.6&nbsp;million of excess tax benefits from employee stock option exercises
that are a component of the federal and state net operating loss carryover, respectively. The Company's stockholders' equity balance will be increased if and when such excess tax benefits are
ultimately realized. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
financial reporting purposes, loss before benefit of income taxes includes the following components (in thousands): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Year Ended </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>United States</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(4,207</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(13,827</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Foreign</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(1,445</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(2,002</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(5,652</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(15,829</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company's income tax benefit consists of the following (in thousands): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Year Ended </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Current:</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Federal</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(55</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(728</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>State</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>14</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total current</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(53</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(714</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Deferred:</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Federal</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(1,516</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(4,209</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>State</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(582</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(894</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Foreign</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(157</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(801</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Change in valuation allowance</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2,255</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>5,904</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total deferred</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Income tax benefit</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(53</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(714</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
2010, the Company carried back approximately $1.7&nbsp;million of gross net operating losses under the Worker, Homeownership, and Business Act and received a federal income tax
refund of approximately $0.7&nbsp;million. During 2011, the Company reduced its unrecognized tax benefits by approximately $0.1&nbsp;million as a result of a lapse in a federal statute of
limitations. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-27</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=92,EFW="2206903",CP="NETLIST, INC.",DN="1",CHK=56587,FOLIO='F-27',FILE='DISK128:[11ZDX3.11ZDX45603]FS45603A.;20',USER='GKIBBE',CD='27-FEB-2012;14:41' -->
<A NAME="page_fs45603_1_28"> </A>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011 </B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;8&#151;Income Taxes (Continued) </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
reconciliation of income taxes computed by applying the statutory U.S. income tax rate to the Company's loss before income taxes to the income tax benefit is as follows: </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Year Ended </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>U.S. federal statutory tax</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>35</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>35</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Valuation allowance</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(25</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(26</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Loss from foreign subsidiary</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(9</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(4</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Effective income tax benefit rate</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>5</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <UL>

<P style="font-family:times;"><FONT SIZE=2><I> Unrecognized Tax Benefits  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table summarizes the activity related to the Company's unrecognized tax benefits (in thousands): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="27pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Balance at January&nbsp;2, 2010</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>77</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Reversal of liability for expiration of statute of limitations</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Accrual of potential interest related to unrecognized tax benefits</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Balance at January&nbsp;1, 2011</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>77</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Reversal of liability for expiration of statute of limitations</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(55</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Accrual of potential interest related to unrecognized tax benefits</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Balance at December&nbsp;31, 2011</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>22</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrecognized
tax benefits of tax positions, if recognized, would affect the Company's annual effective tax rate. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company recognizes accrued interest and penalties related to unrecognized tax benefits as a component of tax expense. Interest and penalty accruals were insignificant at
December&nbsp;31 and January&nbsp;1, 2011. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company files tax returns with federal, state and foreign jurisdictions. The Company is no longer subject to IRS or state examinations for periods prior to 2007 although certain
carryforward attributes that were generated prior to 2007 may still be adjusted by the IRS. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Tax Holidays  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In 2008, the Company began operating under tax holidays in the PRC, which are effective from January 2008 through December 2012. Since
the Company operated at a loss in the PRC in 2011 and 2010, it did not realize any benefit to its consolidated results of operations attributable to the tax holidays. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-28</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
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<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011 </B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;9&#151;Commitments and Contingencies  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Leases  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company leases certain of its facilities and equipment under non-cancelable operating leases that expire at various
dates through 2017. Rental expense, net of amortization of deferred gain and sublease income, is presented in the following table (in thousands): </FONT></P>
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<p style="font-family:times;"></FONT></P>

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<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
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<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Year Ended </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Rental expense</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,065</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>895</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
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 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company also has acquired certain equipment through the use of various capital leases, some of which contain bargain purchase options. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
December 2005, the Company sold the building containing its manufacturing facility and the related land in Irvine, California to an unrelated third party for gross proceeds of
approximately $1.9&nbsp;million. Concurrent with the sale, the Company entered into an agreement to lease the property back. The Company accounted for the lease as an operating lease. In connection
with the sale, the Company recognized a gain of approximately $0.6&nbsp;million which was deferred and amortized into income ratably over the term of the lease-back which expired in
2010. The Company amortized approximately $108,000 of the gain in 2010, which is recorded as a reduction of rent expense in the accompanying consolidated statement of operations. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
summary of future minimum payments under both capital and operating lease commitments as of December&nbsp;31, 2011 is as follows (in thousands): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

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<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="36pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="49pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
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<TR VALIGN="BOTTOM">
<TH NOWRAP  ALIGN="LEFT" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:39pt;"><FONT SIZE=1><B>Fiscal Year

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 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Capital<BR>
Leases </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Operating<BR>
Leases </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>2012</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>196</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>562</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>2013</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>122</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>444</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>2014</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>243</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>2015</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>213</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>2016</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>207</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Thereafter</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>34</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total minimum lease payments</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>318</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,703</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Less amount representing interest</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(18</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Present value of future minimum lease payments (see Note&nbsp;7)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>300</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
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 </DIV>
 <P style="font-family:times;"><FONT SIZE=2><B> Litigation and Patent Reexaminations  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company owns numerous patents and intends to vigorously protect its rights through litigation against parties that infringe and
through defense of challenges made by way of reexamination requests with the United States Patent and Trademark Office ("USPTO"). The Company spends substantial resources protecting its intellectual
property, and these activities may continue for the foreseeable future. There can be no assurance that any ongoing or future litigation or patent protection activities </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-29</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
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<A NAME="page_fs45603_1_30"> </A>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011 </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;9&#151;Commitments and Contingencies (Continued) </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>will
be successful. The outcome of pending litigation and patent reexaminations, as well as any delay in their resolution, could affect the Company's ability to protect against competition in the
current and expected markets for its products and to license its intellectual property in the future. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Google Litigation  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In May 2008, the Company initiated discussions with Google,&nbsp;Inc. ("Google") regarding the Company's claim that Google has
infringed on a U.S. patent owned by the Company, U.S. Patent No.&nbsp;7,289,386 ("the '386 patent"), which relates generally to rank multiplication in memory modules. Preemptively, Google filed a
declaratory judgment lawsuit against the Company in the U.S. District Court for the Northern District of California (the "Northern District Court"), seeking a declaration that Google did not infringe
the '386 patent and that the '386 patent is invalid. The Company filed a counterclaim for infringement of the '386 patent by Google. Claim construction proceedings were held in November 2009, and the
Company prevailed on every disputed claim construction issue. In June 2010, the Company filed motions for summary judgment of patent infringement and dismissal of Google's affirmative defenses. In May
2010, Google requested and was later granted an </FONT><FONT SIZE=2><I>Inter Partes</I></FONT><FONT SIZE=2> Reexamination of the '386 patent by the USPTO. The reexamination proceedings are described
below. Pending the conclusion of the reexamination, the Northern District Court granted Google's request to stay the litigation, and has therefore not ruled on the Company's motions for summary
judgement. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
December 2009, the Company filed a patent infringement lawsuit against Google in the Northern District Court, seeking damages and injunctive relief based on Google's infringement of
U.S. Patent No.&nbsp;7,619,912 ("the '912 patent"), which is related to the '386 patent and relates generally to rank multiplication. In February 2010, Google answered the Company's complaint and
asserted counterclaims against the Company seeking a declaration that the patent is invalid and not infringed, and claiming that the Company committed fraud, negligent misrepresentation and breach of
contract based on Netlist's activities in the JEDEC standard-setting organization. The counterclaim seeks unspecified compensatory damages. Accruals have not been recorded for loss contingencies
related to Google's counterclaim because it is not probable that a loss has been incurred and the amount of any such loss cannot be reasonably estimated. In October 2010, Google requested and was
later granted an </FONT><FONT SIZE=2><I>Inter Partes</I></FONT><FONT SIZE=2> Reexamination of the '912 patent by the USPTO. The reexamination proceedings are described below. In connection with the
reexamination request, the Northern District Court granted the Company and Google's joint request to stay the '912 patent infringement lawsuit against Google until the completion of the reexamination
proceedings. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Inphi Litigation  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In September 2009, the Company filed a patent infringement lawsuit against Inphi Corporation ("Inphi") in the U.S. District Court for
the Central District of California (the "Central District Court"). The complaint, as amended, alleges that Inphi is contributorily infringing and actively inducing the infringement of U.S. patents
owned by the Company, including the '912 patent, U.S. Patent No.&nbsp;7,532,537 ("the '537 patent"), which relates generally to memory modules with load isolation and memory domain translation
capabilities, and U.S. Patent No.&nbsp;7,636,274 ("the '274 patent"), which is related to the '537 patent and relates generally to load isolation and memory domain translation technologies. The
Company is seeking damages and injunctive relief based on Inphi's use of its </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-30</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
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<A NAME="page_fs45603_1_31"> </A>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011 </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;9&#151;Commitments and Contingencies (Continued) </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>patented
technology. Inphi has denied infringement and has asserted to the court that the three patents are invalid. In April 2010, Inphi requested and was later denied an </FONT> <FONT SIZE=2><I>Inter Partes</I></FONT><FONT SIZE=2> Reexaminations of the '912,
 '537 and '274 patents by the USPTO. In June 2010, Inphi submitted new requests and was later granted an </FONT> <FONT SIZE=2><I>Inter Partes</I></FONT><FONT SIZE=2> Reexaminations of the '912, '537 and '274 patents by the USPTO. The reexamination
proceedings are described below. In connection with the
reexamination requests, Inphi filed a motion to stay proceedings with the Central District Court, which was granted and later extended through at least February 2012. The Central District Court has
requested that the Company notify it within one week of any action taken by the USPTO in connection with the reexamination proceedings, at which time the Central District Court could decide to
maintain or lift the stay. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
November 2009, Inphi filed a patent infringement lawsuit against the Company alleging infringement of two Inphi patents generally related to memory module output buffers. In April
2011 the court dismissed the entire case without prejudice pursuant to a joint stipulation filed by Inphi and the Company under which each party agreed to bear its own costs and attorney's fees. The
case is now closed. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> '386 Patent Reexamination  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As noted previously, in May 2010, Google requested and was later granted an </FONT><FONT SIZE=2><I>Inter
Partes</I></FONT><FONT SIZE=2> Reexamination of the '386 patent by the USPTO. In October 2010, Smart Modular,&nbsp;Inc. ("SMOD") requested and was later granted an </FONT><FONT SIZE=2><I>Inter
Partes</I></FONT><FONT SIZE=2> Reexamination of the '386 patent. The reexaminations requested by Google and SMOD were merged by the USPTO into a single proceeding. In April 2011, a
Non-Final Action was issued by the USPTO, rejecting all claims in the patent. In July 2011, the Company responded by amending or canceling some of the claims, adding new claims, and making
arguments as to the validity of the rejected claims in view of cited references. Both Google and SMOD filed their comments to the Company's response in October 2011. The reexamination of the '386
patent remains open and will continue in accordance with established procedures for merged reexamination proceedings. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> '912 Patent Reexamination  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As noted previously, in April 2010, Inphi requested and was later denied an </FONT><FONT SIZE=2><I>Inter
Partes</I></FONT><FONT SIZE=2> Reexamination of the '912 patent by the USPTO. In June 2010, Inphi submitted a new request and was later granted an </FONT><FONT SIZE=2><I>Inter
Partes</I></FONT><FONT SIZE=2> Reexamination of the '912 patent by the USPTO. In September 2010, the USPTO confirmed the patentability of all fifty-one claims of the '912 patent. However,
in October 2010, Google and SMOD each filed and were later granted requests for reexamination of the '912 patent. In February 2011, the USPTO merged the Inphi, Google and SMOD '912 reexamination
requests into a single proceeding. In an April 2011 Non-Final Action in the merged reexamination proceeding, the USPTO rejected claims 1-20 and 22-51 and confirmed
the patentability of claim 21 of the '912 patent. In July 2011, the Company responded by amending or canceling some of the claims, adding new claims, and making arguments as to the validity of the
rejected claims in view of cited references. Inphi, Google, and SMOD filed their comments on the Company's response in August 2011. In October 2011, the USPTO mailed a second Non-Final
Action confirming the patentability of twenty claims of the '912 patent, including claims that were added in the reexamination process. In January 2012, the Company responded by amending or canceling
some of the claims, adding new </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-31</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
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<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011 </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;9&#151;Commitments and Contingencies (Continued) </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>claims,
and making arguments as to the validity of the rejected claims in view of cited references. The reexamination of the '912 patent remains open and will continue in accordance with established
procedures for merged reexamination proceedings. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> '627 Patent Reexamination  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In September 2011, SMOD filed a request for reexamination of U.S. Pat. No.&nbsp;7,864,627 ("the '627 patent") issued to the Company
on January&nbsp;4, 2011. The '627 patent is related to the '912 patent. In November 2011, the USPTO granted SMOD's request for reexamination of the '627 patent and concurrently issued a
Non-Final Action confirming the patentability of three claims. In February 2012, the Company responded by amending or canceling some of the claims, adding new claims, and making arguments
as to the validity of the rejected claims in view of cited references. The reexamination of the '627 patent remains open and will continue in accordance with established </FONT><FONT SIZE=2><I>Inter
Partes</I></FONT><FONT SIZE=2> Reexamination procedures. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> '537 Patent Reexamination  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As noted previously, in April 2010, Inphi requested and was later denied an </FONT><FONT SIZE=2><I>Inter
Partes</I></FONT><FONT SIZE=2> Reexamination of the '537 patent by the USPTO. In June 2010, Inphi submitted a new request and was later granted an </FONT><FONT SIZE=2><I>Inter
Partes</I></FONT><FONT SIZE=2> Reexamination of the '537 patent by the USPTO. In September 2010, the USPTO issued a Non-Final Action confirming the patentability of four claims. In October
2010, the Company responded by amending or canceling some of the claims, adding new claims, and making arguments as to the validity of the rejected claims in view of cited references. Inphi filed its
comments on the Company's response in January 2011. In June 2011, the USPTO issued an Action Closing Prosecution ("ACP") which reconfirmed the patentability of the four claims. In August 2010, the
Company responded by amending some of the claims and making arguments as to the validity of the rejected claims in view of cited references. Inphi filed its comments on the Company's response in
September 2011. The USPTO issued a Right of Appeal Notice in February 2012, in which the claims rejection has been withdrawn, thus confirming the patentability of all sixty (60)&nbsp;claims in view
of all the previously submitted comments by both Inphi and the Company. Either party has one month to file&nbsp;a notice of appeal with the USPTO. However, in accordance with established </FONT> <FONT SIZE=2><I>Inter Partes</I></FONT><FONT SIZE=2>
Reexamination procedures, if no party files&nbsp;a timely notice of appeal, then the reexamination of the '537 patent will be concluded
and the Director of the USPTO will proceed to issue and publish a certificate under 37 CFR 1.997. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> '274 Patent Reexamination  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As noted previously, in April 2010, Inphi requested and was later denied an </FONT><FONT SIZE=2><I>Inter
Partes</I></FONT><FONT SIZE=2> Reexamination of the '274 patent by the USPTO. In June 2010, Inphi submitted a new request and was later granted an </FONT><FONT SIZE=2><I>Inter
Partes</I></FONT><FONT SIZE=2> Reexamination of the '274 patent by the USPTO. In September 2011, the USPTO issued a Non-Final Action, confirming the patentability of six claims. The
Company has responded by amending or canceling some of the claims, adding new claims, and making arguments as to the validity of the rejected claims in view of cited references. Inphi filed its
comments on the Company's response in November 2011. The reexamination of the '274 patent remains open and will continue in accordance with established </FONT><FONT SIZE=2><I>Inter
Partes</I></FONT><FONT SIZE=2> Reexamination procedures. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-32</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
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<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011 </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;9&#151;Commitments and Contingencies (Continued) </B></FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Other Concluded Litigation  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In March 2010, Ring Technologies Enterprises filed a patent infringement lawsuit against Dell and its forty-two of its
suppliers. In July 2011 the court dismissed all claims in this action against the Company, without prejudice, with each party to bear its own costs, expenses and attorney's fees. The case against the
Company is now closed. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Other Contingent Obligations  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During its normal course of business, the Company has made certain indemnities, commitments and guarantees under which it may be
required to make payments in relation to certain transactions. These include (i)&nbsp;intellectual property indemnities to the Company's customers and licensees in connection with the use, sales
and/or license of Company products; (ii)&nbsp;indemnities to vendors and service providers pertaining to claims based on the Company's negligence or willful misconduct; (iii)&nbsp;indemnities
involving the accuracy of representations and warranties in certain contracts; (iv)&nbsp;indemnities to directors and officers of the Company to the maximum extent permitted under the laws of the
State of Delaware; and (v)&nbsp;certain real estate leases, under which the Company may be required to indemnify property owners for environmental and other liabilities, and other claims arising
from the Company's use of the applicable premises. The duration of
these indemnities, commitments and guarantees varies and, in certain cases, may be indefinite. The majority of these indemnities, commitments and guarantees do not provide for any limitation of the
maximum potential for future payments the Company could be obligated to make. Historically, the Company has not been obligated to make significant payments for these obligations, and no liabilities
have been recorded for these indemnities, commitments and guarantees in the accompanying consolidated balance sheets. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;10&#151;Stockholders' Equity  </B></FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Serial Preferred Stock  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company's authorized capital includes 10,000,000 shares of Serial Preferred Stock, with a par value of $0.001 per share. No shares
were outstanding at December&nbsp;31, 2011 or January&nbsp;1, 2011. </FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Common Stock  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On March&nbsp;24, 2010, the Company sold 4,594,250 shares of common stock in a registered public offering. The shares were sold to
the public at a price of $3.85 per share. The Company received net proceeds of $16.2&nbsp;million, after underwriting discounts and commissions, and estimated expenses payable by the Company. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
November 2011, the Company entered into a sales agreement with Ascendiant Capital Markets&nbsp;LLC ("Ascendiant"), whereby shares with a total value of up to $10.0&nbsp;million
may be released for sale to the public at the discretion of management at a price equal to the current market price in an "at-the-market" offering as defined in Rule 415 under the Securities Act of
1933. In December 2011, the Company received net proceeds of approximately $1.9&nbsp;million raised through the sale of 697,470 shares. The sales agreement with Ascendiant expires in November 2014. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-33</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
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</FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;10&#151;Stockholders' Equity (Continued)  </B></FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Stock-Based Compensation  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During 2011 and 2010, the Company cancelled 37,422 and 16,329 shares of common stock, respectively, valued at approximately $78,000 and
$49,000, respectively, in connection with its obligation to holders of restricted stock to withhold the number of shares required to satisfy the holders' tax liabilities in connection with the vesting
of such shares. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company is incorporated in the state of Delaware, and as such, is subject to various state laws which may restrict the payment of dividends or purchase of treasury shares. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company has stock-based compensation awards outstanding pursuant to the Amended and Restated 2000 Equity Incentive Plan (the "2000 Plan") and the Amended and Restated 2006 Equity
Incentive Plan (the "2006 Plan"), under which a variety of option and direct stock-based awards may be granted to employees and nonemployees of the Company. Further grants under the 2000 Plan were
suspended upon the adoption of the 2006 Plan. In addition to awards made pursuant to the 2006 Plan, the Company periodically issues inducement grants outside the 2006 Plan to certain new hires. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject
to certain adjustments, as of December&nbsp;31, 2011, the Company was authorized to issue a maximum of 4,205,566 shares of common stock pursuant to awards under the 2006 Plan.
That maximum number will automatically increase on the first day of each subsequent calendar year by the lesser of (i)&nbsp;5.0% of the number of shares of common stock that are issued and
outstanding as of the first day of the calendar year, and (ii)&nbsp;1,200,000 shares of common stock, subject to adjustment for certain corporate actions. At December&nbsp;31, 2011, the Company
had 149,590 shares available for grant
under the 2006 Plan. At December&nbsp;31, 2011, an additional 170,000 shares were reserved for issuance upon exercise of inducement grants. Options granted under the 2000 Plan, the 2006 Plan and
outside the equity incentive plans primarily vest at a rate of at least 25% per year over four years and expire 10&nbsp;years from the date of grant. Restricted stock awards vest in eight equal
increments at intervals of approximately six months from the date of grant. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-34</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
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<A NAME="page_fu45603_1_35"> </A>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011 </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;10&#151;Stockholders' Equity (Continued) </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
summary of the Company's common stock option activity is presented below (shares in thousands): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

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<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="69pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="47pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="56pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="69pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
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<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=11 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Options Outstanding </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Number of<BR>
Shares<BR>
(in thousands) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Weighted-<BR>
Average<BR>
Exercise<BR>
Price </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Weighted-<BR>
Average<BR>
Remaining<BR>
Contractual<BR>
Life<BR>
(in years) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Aggregate<BR>
Intrinsic<BR>
Value<BR>
(in thousands) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Options outstanding&#151;January&nbsp;2, 2010</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>4,298</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>2.41</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Options granted</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>868</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>3.12</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Options exercised</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(84</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>0.96</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Options cancelled</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(448</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>2.48</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Options outstanding&#151;January&nbsp;1, 2011</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>4,634</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>2.57</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-top:12pt;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Options granted</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2><BR>
1,455</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2><BR>
2.21</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Options exercised</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(435</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>0.47</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Options cancelled</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(286</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>2.89</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Options outstanding&#151;December&nbsp;31, 2011</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>5,368</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>2.62</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>6.1</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>4,031</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Options exercisable&#151;December&nbsp;31, 2011</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>3,570</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>2.89</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>4.7</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>3,052</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Options exercisable and expected to vest&#151;December&nbsp;31, 2011</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>5,117</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>2.65</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>5.9</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>3,924</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table summarizes information about stock options outstanding and exercisable at December&nbsp;31, 2011: </FONT></P>
 <DIV style="padding:0pt;position:relative;width:54%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"150%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="150%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="69pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="56pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="44pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="69pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="56pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="44pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Options Outstanding </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=8 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Options Exercisable </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH NOWRAP  ALIGN="LEFT" style="font-family:times;"><DIV style="border-bottom:solid #000000 1.0pt;margin-bottom:0pt;width:75pt;"><FONT SIZE=1><B>Exercise Price Range

<!-- COMMAND=ADD_SCROPPEDRULE,75pt -->

 </B></FONT></DIV></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Number of<BR>
shares<BR>
(in thousands) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Weighted<BR>
Average<BR>
Remaining<BR>
Contractual<BR>
Life<BR>
(in years) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Weighted<BR>
Average<BR>
Exercise<BR>
Price </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Number of<BR>
shares<BR>
(in thousands) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Weighted<BR>
Average<BR>
Remaining<BR>
Contractual<BR>
Life<BR>
(in years) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Weighted<BR>
Average<BR>
Exercise<BR>
Price </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>$0.20 - $1.00</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,395</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3.9</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0.29</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,127</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3.1</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>0.29</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>$1.01 - $3.00</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2,753</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>7.6</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2.19</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,336</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>5.9</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2.19</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>$3.01 - $5.00</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>275</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>7.2</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3.85</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>181</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>6.6</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3.87</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>$5.01 - $8.45</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>945</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>4.7</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>6.96</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>926</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>4.7</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>6.97</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>5,368</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>6.1</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2.62</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3,570</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>4.7</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2.89</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-35</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=100,EFW="2206903",CP="NETLIST, INC.",DN="1",CHK=295052,FOLIO='F-35',FILE='DISK128:[11ZDX3.11ZDX45603]FU45603A.;15',USER='GKIBBE',CD='27-FEB-2012;14:34' -->
<A NAME="page_fu45603_1_36"> </A>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011 </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;10&#151;Stockholders' Equity (Continued) </B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
summary of the Company's restricted stock awards is presented below (shares in thousands): </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="51pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="54pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Restricted Stock<BR>
Outstanding </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Number of<BR>
Shares </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Weighted-<BR>
Average<BR>
Grant-Date<BR>
Fair Value<BR>
per Share </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Balance outstanding at January&nbsp;2, 2010</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Restricted stock granted</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>528</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3.46</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Restricted stock vested</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(67</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3.45</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Restricted stock forfeited</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(35</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3.45</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Balance outstanding at January&nbsp;1, 2011</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>426</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3.46</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Restricted stock granted</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>24</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1.51</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Restricted stock vested</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(118</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3.47</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Restricted stock forfeited</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(13</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3.31</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Balance outstanding at December&nbsp;31, 2011</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>319</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3.32</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table presents details of the assumptions used to calculate the weighted-average grant date fair value of common stock options granted by the Company: </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Expected term (in years)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>6.0</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>5.6</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Expected volatility</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>135</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>143</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Risk-free interest rate</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2.12</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1.95</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Expected dividends</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Weighted-average grant date fair value per share</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2.01</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2.84</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Grant date fair value of options vested</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,269</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,931</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Intrinsic value of options exercised (in thousands)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>960</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>259</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
weighted-average fair value per share of the restricted stock granted in 2011 and 2010 was calculated based on the fair market value of the Company's common stock on the respective
grant dates. The grant date fair value of restricted stock vested was $0.2&nbsp;million in both 2011 and 2010. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
December&nbsp;31, 2011, the amount of unearned stock-based compensation currently estimated to be expensed from 2012 through 2015 related to unvested common stock options and
restricted stock awards is approximately $3.6&nbsp;million, net of estimated forfeitures. The weighted-average period over which the unearned stock-based compensation is expected to be recognized is
approximately 2.8&nbsp;years. If there are any modifications or cancellations of the underlying unvested awards, the Company may be required to accelerate, increase or cancel any remaining unearned
stock-based compensation expense or calculate and record additional expense. Future stock-based compensation expense and unearned stock-based compensation will increase to the extent that the Company
grants additional common stock options or other stock-based awards. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-36</FONT></P>

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<P style='font-family:times;page-break-before:always'></p>
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<P style="font-family:times;"><FONT SIZE=2><A
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</FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)  </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;10&#151;Stockholders' Equity (Continued)  </B></FONT></P>

<UL>

<P style="font-family:times;"><FONT SIZE=2><I> Warrants  </I></FONT></P>

</UL>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company has issued warrants to purchase shares of its common stock to certain non-employees for services rendered or to
be rendered in the future. Such warrants are issued outside of the 2000 Plan and 2006 Plan. A summary of the warrant activity is presented below: </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

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<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="69pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="47pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Number of<BR>
Shares<BR>
(in thousands) </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Weighted-<BR>
Average<BR>
Exercise<BR>
Price </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Warrants outstanding&#151;January&nbsp;2, 2010</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>18</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1.25</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Warrants exercised</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(18</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1.25</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Warrants outstanding&#151;January&nbsp;1, 2011</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There
were no warrants issued, exercised or cancelled in the year ended December&nbsp;31, 2011. Warrants outstanding at January&nbsp;2, 2010 were classified as equity. Upon the
exercise of warrants in 2010, the Company issued new shares from its authorized shares. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;11&#151;401(k) Plan  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company sponsors a 401(k) defined contribution plan. Employees are eligible to participate in this plan provided they are employed full-time and have reached
21&nbsp;years of age. Participants may make pre-tax contributions to the plan subject to a statutorily prescribed annual limit. Each participant is fully vested in his or her
contributions and investment earnings. The Company may make matching contributions on the contributions of a participant on a discretionary basis. No contributions have been made in the years ended
December&nbsp;31, 2011 or January&nbsp;1, 2011. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;12&#151;Major Customers and Suppliers  </B></FONT></P>


<P style="font-family:times;"><FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company's product sales have historically been concentrated in a small number of customers. The following table sets forth sales to customers comprising 10% or more of the Company's
net sales as follows: </FONT></P>
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<p style="font-family:times;"></FONT></P>

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<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
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<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Year Ended </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Customer A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>70</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>59</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Customer B</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>*</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>19</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
</TABLE></DIV>
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 </DIV>
<DIV style="padding:0pt;position:relative;text-align:left;margin-left:15%;">
 <DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>*</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>less
than 10% of net sales </FONT></DD></DL>
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sales
of the Company's NVvault products represented 66% and 54% of net sales in 2011 and 2010, respectively. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company's accounts receivable primarily are concentrated with one customer at December&nbsp;31, 2011, representing approximately 80%; and two customers at January&nbsp;1, 2011,
representing approximately 75% and 13% of aggregate gross receivables. A significant reduction in sales to, or the </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-37</FONT></P>

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<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=102,EFW="2206903",CP="NETLIST, INC.",DN="1",CHK=21727,FOLIO='F-37',FILE='DISK128:[11ZDX3.11ZDX45603]FW45603A.;12',USER='GKIBBE',CD='27-FEB-2012;14:34' -->
<A NAME="page_fw45603_1_38"> </A>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011 </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;12&#151;Major Customers and Suppliers (Continued) </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>inability
to collect receivables from, a significant customer could have a material adverse impact on the Company. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company's purchases have historically been concentrated in a small number of suppliers. The following table sets forth purchases from suppliers comprising 10% or more of the
Company's total purchases as follows: </FONT></P>
 <DIV style="padding:0pt;position:relative;width:70%;margin-left:15%;">
<p style="font-family:times;"></FONT></P>

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<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Year Ended </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>January&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Supplier A</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>24</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>10</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Supplier B</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>*</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>11</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Supplier C</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>*</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>10</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>%</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<!-- COMMAND=ADD_LINERULETXT,NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" -->
<HR NOSHADE  COLOR="#000000" SIZE="1.0PT" WIDTH="26%" ALIGN="LEFT" >
 </DIV>
<DIV style="padding:0pt;position:relative;text-align:left;margin-left:15%;">
 <DL compact>
<DT style='font-family:times;margin-bottom:-11pt;'><FONT SIZE=2>*</FONT></DT><DD style="font-family:times;"><FONT SIZE=2>less
than 10% of total purchases </FONT></DD></DL>
 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;While
the Company believes alternative suppliers could be utilized, any inability to obtain components or products in the amounts needed on a timely basis or at commercially reasonable
prices could result in delays in product introductions, interruption in product shipments or increases in product costs, which could have a material adverse effect on the Company. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;13&#151;Segment and Geographic Information  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company operates in one reportable segment: the design and manufacture of high-performance memory subsystems for the server, high-performance computing and
communications markets. The Company evaluates financial performance on a company-wide basis. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
date, a majority of the Company's international sales relate to shipments of products to its U.S. customers' international manufacturing sites or third- party hubs. Net sales derived
from shipments to international destinations, primarily to Hong Kong (including foreign subsidiaries of customers that are headquartered in the U.S.), represented approximately 83% and 70% of the
Company's net sales in 2011 and 2010, respectively. All of the Company's net sales to date have been denominated in U.S. dollars. </FONT></P>

<P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
of December&nbsp;31, 2011 and January&nbsp;1, 2011, approximately $1.5&nbsp;million and $2.3&nbsp;million of the Company's long-lived assets, net of depreciation
and amortization, respectively, were located outside the U.S., primarily in the PRC. Substantially all other long-lived assets were located in the U.S. </FONT></P>


<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;14&#151;Subsequent Events  </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subsequent events have been evaluated through the date that the consolidated financial statements were issued. There were no reportable subsequent events. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-38</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
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<A NAME="page_fw45603_1_39"> </A>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011 </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;15&#151;Quarterly Summary (Unaudited, in thousands except share and per share data)  </B></FONT></P>
 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="64pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="45pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="45pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=11 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Three Months Ended </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>December&nbsp;31,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>October&nbsp;1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>July&nbsp;2,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>April&nbsp;2,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Net sales</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>16,381</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>16,347</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>16,001</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>12,000</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Cost of sales(1)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10,389</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>10,819</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>11,064</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>8,196</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Gross profit</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>5,992</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>5,528</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>4,937</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>3,804</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Operating expenses:</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Research and development(1)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>3,502</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>3,983</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>3,755</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>3,684</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Selling, general and administrative(1)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>2,694</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>2,511</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>2,583</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>2,917</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total operating expenses</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>6,196</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>6,494</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>6,338</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>6,601</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Operating income (loss)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(204</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(966</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(1,401</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(2,797</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Other income (expense):</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Interest income (expense), net</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(81</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(72</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(50</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(25</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Other expense, net</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>2</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>1</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(59</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total other income (expense), net</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(79</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(71</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(109</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(25</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Income (loss) before provision (benefit) for income taxes</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(283</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(1,037</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(1,510</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(2,822</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Provision (benefit) for income taxes</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(56</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>2</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>1</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Net income (loss)</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(227</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(1,039</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(1,511</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(2,822</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Net income (loss) per common share:</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Basic and diluted</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(0.01</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(0.04</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(0.06</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>(0.11</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Weighted-average common shares outstanding:</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Basic and diluted</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>28,306</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>25,029</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>24,988</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" style="font-family:times;"><FONT SIZE=2>24,881</FONT></TD>
<TD style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->
 </DIV>
 <P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-39</FONT></P>

<HR NOSHADE>
<P style='font-family:times;page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=104,EFW="2206903",CP="NETLIST, INC.",DN="1",CHK=567947,FOLIO='F-39',FILE='DISK128:[11ZDX3.11ZDX45603]FW45603A.;12',USER='GKIBBE',CD='27-FEB-2012;14:34' -->
<A NAME="page_fw45603_1_40"> </A>
<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B><BR>
NETLIST,&nbsp;INC. AND SUBSIDIARIES </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) </B></FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2><B> December&nbsp;31, 2011 </B></FONT></P>

<P style="font-family:times;"><FONT SIZE=2><B> Note&nbsp;15&#151;Quarterly Summary (Unaudited, in thousands except share and per share data) (Continued) </B></FONT></P>
 <DIV style="padding:0pt;position:relative;width:80%;margin-left:10%;">
<p style="font-family:times;"></FONT></P>

<!-- COMMAND=ADD_TABLEWIDTH,"100%" -->

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE width="100%"  BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR><!-- TABLE COLUMN WIDTHS SET -->
<TD WIDTH="" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="56pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="50pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="45pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<TD WIDTH="7pt" ALIGN="RIGHT" style="font-family:times;"></TD>
<TD WIDTH="45pt" style="font-family:times;"></TD>
<TD WIDTH="12pt" style="font-family:times;"></TD>
<!-- TABLE COLUMN WIDTHS END --></TR>

<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=11 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Three Months Ended </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH ALIGN="LEFT" style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>Jaunuary 1,<BR>
2011 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>October&nbsp;2,<BR>
2010 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>July&nbsp;3,<BR>
2010 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER" style="font-family:times;border-bottom:solid #000000 1.0pt;"><FONT SIZE=1><B>April&nbsp;3,<BR>
2010 </B></FONT></TH>
<TH style="font-family:times;"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Net sales</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>10,096</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>10,565</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>9,304</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>7,890</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Cost of sales(1)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>6,807</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>7,545</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>7,486</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>6,072</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Gross profit</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3,289</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3,020</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,818</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1,818</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Operating expenses:</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Research and development(1)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3,606</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>4,958</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3,190</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3,008</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Selling, general and administrative(1)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2,878</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2,986</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2,607</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2,570</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total operating expenses</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>6,484</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>7,944</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>5,797</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>5,578</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Operating income (loss)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(3,195</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(4,924</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(3,979</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(3,760</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Other income (expense):</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Interest income (expense), net</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(43</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(3</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>3</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>1</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Other expense, net</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&#151;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>4</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>67</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:30pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Total other income (expense), net</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(43</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(3</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>7</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>68</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Income (loss) before provision (benefit) for income taxes</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(3,238</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(4,927</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(3,972</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(3,692</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Provision (benefit) for income taxes</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(1</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>12</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>2</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(727</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:solid #000000 1.0pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Net income (loss)</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(3,237</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(4,939</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(3,974</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(2,965</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR style="font-size:1.5pt;" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
<TD COLSPAN=2 ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;border-bottom:double #000000 2.25pt;">&nbsp;</TD>
<TD VALIGN="BOTTOM" style="font-family:times;">&nbsp;</TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Net income (loss) per common share:</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Basic and diluted</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(0.13</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(0.20</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(0.16</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
<TD ALIGN="RIGHT"  VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>$</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>(0.14</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:10pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Weighted-average common shares outstanding:</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD VALIGN="BOTTOM" style="font-family:times;"><p style="font-family:times;margin-left:20pt;text-indent:-10pt;"><FONT SIZE=2> </FONT><FONT SIZE=2>Basic and diluted</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>25,188</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>24,799</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>24,780</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD ALIGN="RIGHT" VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>20,688</FONT></TD>
<TD VALIGN="BOTTOM" style="font-family:times;"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
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 </DIV>
 <P style="font-family:times;"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
of the Company's quarters in fiscal 2011 and 2010 is comprised of 13&nbsp;weeks. </FONT></P>

<P ALIGN="CENTER" style="font-family:times;"><FONT SIZE=2>F-40</FONT></P>

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<DOCUMENT>
<TYPE>EX-10.9
<SEQUENCE>2
<FILENAME>a2206903zex-10_9.htm
<DESCRIPTION>EX-10.9
<TEXT>
<HTML>
<HEAD>
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;10.9</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">STOCK OPTION AGREEMENT</font></u></b><u><font size="2" style="font-size:10.0pt;"><br>  </font></u><font size="2" style="font-size:10.0pt;">(Employment Inducement Grant)</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This NON-STATUTORY STOCK OPTION AGREEMENT, dated as of January&nbsp;20, 2012 (this &#147;<u>Agreement</u>&#148;), is between NETLIST,&nbsp;INC., a Delaware corporation (the &#147;<u>Company</u>&#148;), and Gerard Yeh (the &#147;<u>Optionee</u>&#148;).</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">R E C I T A L S</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Optionee has not previously been an officer, director or employee of the Company, and this Option (as defined below) is granted to Optionee to attract and retain Optionee to serve the Company in the capacity of Vice President of Engineering and Research and Development.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; This Agreement, and the grant of an Option to the Optionee pursuant to the terms and conditions hereof, have been approved by the Board of Directors of the Company (the &#147;<u>Board</u>&#148;).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">C.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; This Option is designated as a non-qualified stock option, and does <b><u style="font-weight:bold;">not</u></b> qualify as an incentive stock option within the meaning of Section&nbsp;422 of the Internal Revenue Code of 1986, as amended (the &#147;<u>Code</u>&#148;).</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">A G R E E M E N T</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In consideration of the foregoing recitals and of the mutual covenants contained herein, the parties, intending to be legally bound, agree as follows:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Grant</u>  <u>of</u>  <u>Option</u>.&nbsp; The Company hereby grants to the Optionee, as an inducement to accept employment with the Company, an option (the &#147;<u>Option</u>&#148;) to purchase from the Company all or any number of an aggregate of 150,000 shares (the &#147;<u>Option</u>  <u>Shares</u>&#148;), of the Company&#146;s common stock, $.001 par value per share, at a price of $2.98 per share, on the terms and subject to the conditions of this Agreement.&nbsp; This grant is <b><u style="font-weight:bold;">not</u></b> made pursuant to the Company&#146;s 2006 Equity Incentive Plan (the &#147;<u>Plan</u>&#148;), attached as <u>Exhibit&nbsp;A</u>.&nbsp; However, except as otherwise expressly provided herein, this grant is subject to the rules, terms and conditions of the Plan as if it were a grant made pursuant to and under the Plan, and all such rules, terms and conditions are hereby incorporated herein by reference as if set forth herein in their entirety.&nbsp; Capitalized terms used but not defined in this Agreement shall have the meanings given to them in the Plan.&nbsp; The Option is granted as of January&nbsp;20, 2012 (the &#147;<u>Grant</u>  <u>Date</u>&#148;).</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Character</u>  <u>of</u>  <u>Option</u>.&nbsp; The Option is <b><u style="font-weight:bold;">not</u></b> intended to be treated as an &#147;incentive stock option&#148; within the meaning of Section&nbsp;422 of the Internal Revenue Code of 1986, as amended (the &#147;<u>Code</u>&#148;).</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- ZEQ.=1,SEQ=1,EFW="2206903",CP="NETLIST, INC.",DN="2",CHK=583049,FOLIO='',FILE="DISK105:[11ZDX4.11ZDX45604]31456-4-KE_ZDX45604.CHC",USER="CBRANDT",CD='Feb 14 07:51 2012' -->

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Duration</u>  <u>of</u>  <u>Option</u>. &nbsp;Unless subject to earlier expiration or termination pursuant to the terms of the Plan, the Option shall expire on the ten year anniversary of the Grant Date.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Exercisability</u>  <u>of</u>  <u>Option</u>.&nbsp;&nbsp;The Option may be exercised, at any time and from time to time until its expiration or termination, for any or all of those Option Shares in respect of which the Option shall have become exercisable, in accordance with the provisions set forth below in this Section&nbsp;4, on or at any time prior to the date of any such exercise.&nbsp; Subject to the provisions of the Plan (including, without limitation, the provisions of Section&nbsp;7.1(e)&nbsp;of the Plan), one-fourth of the Option shall become exercisable on January&nbsp;20, 2013, with the remainder to vest thereafter in twelve equal quarterly installments such that on January&nbsp;20, 2016, the Option shall be vested as to all of the Shares and fully exercisable, provided, however, that in the event that Optionee&#146;s services with the Company is terminated by the Company as a result of Optionee&#146;s death or disability, an additional 25% of the total number of Shares (or such fewer number as then remain unvested) shall Accelerate and vest on the date of such termination.&nbsp; In addition, if the Company has a change of control and if after Optionee has been continuously employed for one year and within six months of a change of control and the optionee is:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1) terminated without cause</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2) assigned to a position that is not a substantive functional equivalent without cause, or</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3) Optionee&#146;s base salary and /or target bonus (of 100% of base salary amount) is significantly decreased without cause, or</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4) Optionee&#146;s work location (currently San Jose and Irvine) are moved to locations that increase the regular commute distance by an unreasonable time and distance without cause,</font></p>
<p style="margin:0in 0in .0001pt .5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">then vesting of options will be accelerated by an additional 50% of the total number of stock options (or such fewer number as then remain unvested).&#160; These installments shall be cumulative, such that Optionee may exercise the Option as to any or all of the Shares covered by any installment at any time or times after such installment vests and prior to termination of the Option.&nbsp; The foregoing notwithstanding, except to the extent the Option vests upon the termination of Optionee&#146;s services with the Company as provided above, the Option shall cease vesting upon the termination of Optionee&#146;s services with the Company for any reason.&nbsp; Notwithstanding anything expressed or implied to the contrary in the foregoing provisions of this Section&nbsp;4, the exercisability of the Option may, as provided in Section&nbsp;7.1(d)&nbsp;of the Plan, at any time be Accelerated in the discretion of the Committee.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Transfer</u>  <u>of</u>  <u>Option</u>.&nbsp; Other than as expressly permitted by the provisions of Section&nbsp;6.4 of the Plan, the Option may not be transferred except by will or the laws of descent and distribution and, during the lifetime of the Optionee, may be exercised only by the Optionee.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
<!-- ZEQ.=1,SEQ=2,EFW="2206903",CP="NETLIST, INC.",DN="2",CHK=61126,FOLIO='',FILE="DISK105:[11ZDX4.11ZDX45604]31456-4-KE_ZDX45604.CHC",USER="CBRANDT",CD='Feb 14 07:51 2012' -->

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Incorporation</u>  <u>of</u>  <u>Plan</u>  <u>Terms</u>.&nbsp; The Option is granted subject to all of the applicable terms and provisions of the Plan, which terms and provisions are incorporated herein by reference pursuant to Section&nbsp;1 of this Agreement, including, but not limited to, the limitations on the Company&#146;s obligation to deliver Option Shares upon exercise set forth in Section&nbsp;9.2 (Violation of Law), Section&nbsp;9.3 (Corporate Restrictions on Rights in Stock), Section&nbsp;9.4 (Investment Representations) and Section&nbsp;9.7 (Tax Withholding).</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Miscellaneous</u>.&nbsp; This Agreement shall be construed and enforced in accordance with the internal, substantive laws of the State of Delaware and shall be binding upon and inure to the benefit of any successor or assign of the Company and any executor, administrator, trustee, guardian, or other legal representative of the Optionee.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">IN WITNESS WHEREOF, the parties have executed this Non-Statutory Stock Option Agreement as a sealed instrument as of the date first above written.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
<tr>
<td width="47%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:47.66%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">NETLIST,&nbsp;INC.</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.34%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">OPTIONEE</font></p>    </td>   </tr>
<tr>
<td width="47%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:47.66%;">
<p style="margin:0in 0in .0001pt 10.0pt;text-indent:-10.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.34%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
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<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>    </td>
<td width="43%" valign="top" style="padding:0in 0in 0in 0in;width:43.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   Gail Sasaki</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.34%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   Gerard Yeh</font></p>    </td>   </tr>
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<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="43%" valign="top" style="border:none;border-top:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:43.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name:   Gail Sasaki</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:48.34%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Gerard   Yeh</font></p>    </td>   </tr>
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<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="43%" valign="top" style="padding:0in 0in 0in 0in;width:43.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:   Secretary</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.34%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>   </tr>
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<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="43%" valign="top" style="padding:0in 0in 0in 0in;width:43.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.34%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="padding:0in 0in 0in 0in;width:48.34%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Optionee&#146;s   Address:</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="43%" valign="top" style="padding:0in 0in 0in 0in;width:43.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.34%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
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<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="43%" valign="top" style="padding:0in 0in 0in 0in;width:43.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.34%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
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<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="43%" valign="top" style="padding:0in 0in 0in 0in;width:43.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.34%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.42%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="43%" valign="top" style="padding:0in 0in 0in 0in;width:43.24%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="48%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.34%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
</div>
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<TYPE>EX-21.1
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<FILENAME>a2206903zex-21_1.htm
<DESCRIPTION>EX-21.1
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXHIBIT&nbsp;21.1</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">SUBSIDIARIES</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Each of the following is a wholly owned direct subsidiary of Netlist,&nbsp;Inc.:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="73%" style="border-collapse:collapse;margin-left:1.0in;width:73.34%;">
<tr>
<td width="48%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:48.48%;">
<p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Entity&nbsp;Name</font></b></p>    </td>
<td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.54%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>    </td>
<td width="46%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:46.98%;">
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Jurisdiction&nbsp;of&nbsp;Organization</font></b></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Netlist   Electronics (Suzhou)&nbsp;Co.,&nbsp;Ltd.</font></p>    </td>
<td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.54%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="46%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:46.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">People&#146;s   Republic of China</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Netlist   HK Limited</font></p>    </td>
<td width="4%" valign="bottom" style="padding:0in 0in 0in 0in;width:4.54%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="46%" valign="top" style="padding:0in 0in 0in 0in;width:46.98%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Hong   Kong</font></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXHIBIT&nbsp;23</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">We consent to the incorporation by reference in Registration Statements Nos.&nbsp;333-139435, 333-146141, 333-151644, 333-161832, 333-161834, 333-164261, 333-165916, 333-168330 and 333-173646 on Form&nbsp;S-8 and 333-164290 and 333-177118 on Form&nbsp;S-3 of our report dated February&nbsp;28, 2012, relating to the consolidated financial statements of Netlist,&nbsp;Inc. and subsidiaries, appearing in this Annual Report on Form&nbsp;10-K of Netlist,&nbsp;Inc. for the year ended December&nbsp;31, 2011.</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   KMJ CORBIN&nbsp;&amp; COMPANY&nbsp;LLP</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Costa   Mesa, California</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">February&nbsp;28,   2012</font></p>    </td>   </tr>  </table>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
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<TYPE>EX-31.1
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<DESCRIPTION>EX-31.1
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXHIBIT&nbsp;31.1</font></b></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CERTIFICATION PURSUANT TO RULE 13A-14 OF THE SECURITIES EXCHANGE ACT OF&nbsp;1934</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">AS ADOPTED PURSUANT TO SECTION&nbsp;302 OF THE SARBANES-OXLEY ACT OF&nbsp;2002</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I, Chun K. Hong, certify that:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">I have reviewed this Annual Report on Form&nbsp;10-K for the fiscal year ended December&nbsp;31, 2011 of Netlist,&nbsp;Inc., a Delaware corporation (the &#147;Registrant&#148;);</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Registrant&#146;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules&nbsp;13a-15(e)&nbsp;and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules&nbsp;13a-15(f)&nbsp;and 15d-15(f)) for the Registrant and have:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Evaluated the effectiveness of the Registrant&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Disclosed in this report any change in the Registrant&#146;s internal control over financial reporting that occurred during the Registrant&#146;s most recent quarter (the Registrant&#146;s fourth quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant&#146;s internal control over financial reporting; and</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Registrant&#146;s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant&#146;s auditors and the audit committee of the Registrant&#146;s board of directors (or persons performing the equivalent functions):</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant&#146;s ability to record, process, summarize and report financial information; and</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant&#146;s internal control over financial reporting.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">February   28, 2012</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   CHUN K. HONG </font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chun   K. Hong </font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">President, Chief Executive Officer and Chairman of </font></i></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">the Board (Principal Executive Officer)</font></i></p>    </td>   </tr>  </table>
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">EXHIBIT&nbsp;31.2</font></b></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CERTIFICATION PURSUANT TO RULE 13A-14 OF THE SECURITIES EXCHANGE ACT OF&nbsp;1934</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">AS ADOPTED PURSUANT TO SECTION&nbsp;302 OF THE SARBANES-OXLEY ACT OF&nbsp;2002</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I, Gail Sasaki, certify that:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">I have reviewed this Annual Report on Form&nbsp;10-K for the fiscal year ended December&nbsp;31, 2011 of Netlist,&nbsp;Inc., a Delaware corporation (the &#147;Registrant&#148;);</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this report;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Registrant&#146;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules&nbsp;13a-15(e)&nbsp;and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules&nbsp;13a-15(f)&nbsp;and 15d-15(f)) for the Registrant and have:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Evaluated the effectiveness of the Registrant&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Disclosed in this report any change in the Registrant&#146;s internal control over financial reporting that occurred during the Registrant&#146;s most recent quarter (the Registrant&#146;s fourth quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant&#146;s internal control over financial reporting; and</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">The Registrant&#146;s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant&#146;s auditors and the audit committee of the Registrant&#146;s board of directors (or persons performing the equivalent functions):</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant&#146;s ability to record, process, summarize and report financial information; and</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant&#146;s internal control over financial reporting.</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">February   28, 2012</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   GAIL SASAKI</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Gail   Sasaki</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:1.0pt;font-style:italic;">&nbsp;</font></i></p>    </td>
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<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Vice President and Chief Financial Officer</font></i></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">(Principal Financial Officer)</font></i></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;32</font></b></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CERTIFICATIONS PURSUANT TO 18 U.S.C. SECTION&nbsp;1350</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">AS ADOPTED PURSUANT TO SECTION&nbsp;906 OF THE SARBANES-OXLEY ACT OF&nbsp;2002</font></b></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In connection with the Annual Report on Form&nbsp;10-K of Netlist,&nbsp;Inc., a Delaware corporation (&#147;Netlist&#148;) for the fiscal year ended December&nbsp;31, 2011, as filed with the Securities and Exchange Commission on February 28, 2012 (the &#147;Report&#148;), Chun K. Hong, president, chief executive officer and chairman of the board of Netlist, and Gail Sasaki, vice president and chief financial officer of Netlist, each hereby certifies, pursuant to 18 U.S.C. Section&nbsp;1350, as adopted pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act of 2002, that, to his or her knowledge:</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(1)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; the Report fully complies with the requirements of Section&nbsp;13(a)&nbsp;or 15(d)&nbsp;of the Securities Exchange Act of 1934; and</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt .5in;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(2)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of Netlist.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">February   28, 2012</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   CHUN K. HONG</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="50%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chun   K. Hong </font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">President, Chief Executive Officer and Chairman of </font></i></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">the Board (Principal Executive Officer)</font></i></p>    </td>   </tr>
<tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">February   28, 2012</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/   GAIL SASAKI</font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
<td width="50%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Gail   Sasaki </font></p>    </td>   </tr>
<tr>
<td width="50%" valign="top" style="padding:0in 0in 0in 0in;width:50.0%;">
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Vice President and Chief Financial Officer </font></i></p>    </td>   </tr>
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<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>    </td>
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<p style="margin:0in 0in .0001pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">(Principal Financial Officer)</font></i></p>    </td>   </tr>  </table>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
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&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company's product sales have historically been concentrated in a small number of customers. The following table sets forth sales to customers comprising 10% or more of the Company's net sales as follows: &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
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&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
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&lt;td style="font-family: times;" width="64"&gt; &lt;/td&gt;
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&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Year Ended &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;December&amp;nbsp;31,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;January&amp;nbsp;1,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
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&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Customer A&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
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&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;70&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;59&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
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&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Customer B&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;19&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;
&lt;hr  align="left" size="1" width="26%" noshade="noshade" /&gt;
&lt;/div&gt;

&lt;div style="position: relative; text-align: left; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times; margin-bottom: -11pt;"&gt;&lt;font class="_mt" size="2"&gt;*&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;less than 10% of net sales &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Sales of the Company's NVvault products represented 66% and 54% of net sales in 2011 and 2010, respectively. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company's accounts receivable primarily are concentrated with one customer at December&amp;nbsp;31, 2011, representing approximately 80%; and two customers at January&amp;nbsp;1, 2011, representing approximately 75% and 13% of aggregate gross receivables. A significant reduction in sales to, or the &lt;/font&gt;&lt;font class="_mt" size="2"&gt;inability to collect receivables from, a significant customer could have a material adverse impact on the Company. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company's purchases have historically been concentrated in a small number of suppliers. The following table sets forth purchases from suppliers comprising 10% or more of the Company's total purchases as follows: &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="64"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="50"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Year Ended &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;December&amp;nbsp;31,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;January&amp;nbsp;1,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Supplier A&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;24&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;10&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Supplier B&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;11&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
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&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Supplier C&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
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&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;10&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;
&lt;hr  align="left" size="1" width="26%" noshade="noshade" /&gt;
&lt;/div&gt;

&lt;div style="position: relative; text-align: left; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times; margin-bottom: -11pt;"&gt;&lt;font class="_mt" size="2"&gt;*&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;less than 10% of total purchases &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;While the Company believes alternative suppliers could be utilized, any inability to obtain components or products in the amounts needed on a timely basis or at commercially reasonable prices could result in delays in product introductions, interruption in product shipments or increases in product costs, which could have a material adverse effect on the Company.&lt;/font&gt;&lt;/p&gt; &lt;/div&gt;</nlst:MajorCustomersAndSuppliersTextBlock>
  <nlst:SupplementalFinancialInformationTextBlock contextRef="Duration_1_2_2011_To_12_31_2011">&lt;div&gt; &lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Note 3&amp;#8212;Supplemental Financial Information &lt;/b&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Inventories &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Inventories consist of the following (in thousands): &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="64"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="50"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;December&amp;nbsp;31,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;January&amp;nbsp;1,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Raw materials&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;4,312&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;2,631&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Work in process&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;237&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;171&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Finished goods&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,508&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,707&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;6,057&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;4,509&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;a name="page_fo45603_1_16"&gt; &lt;/a&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Property and Equipment &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Property and equipment consist of the following (dollars in thousands): &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="53"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="64"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="50"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Estimated&lt;br /&gt;Useful&lt;br /&gt;Lives &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;December&amp;nbsp;31,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;January&amp;nbsp;1,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Machinery and equipment&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="center"&gt;&lt;font class="_mt" size="2"&gt;3-7 yrs.&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;8,130&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;7,595&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Leasehold improvements&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="center"&gt;&lt;font class="_mt" size="2"&gt;*&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,817&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,795&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Furniture and fixtures&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="center"&gt;&lt;font class="_mt" size="2"&gt;5 yrs.&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;457&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;457&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Computer equipment and software&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="center"&gt;&lt;font class="_mt" size="2"&gt;3-7 yrs.&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;3,365&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;3,099&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="center"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;13,769&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;12,946&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Less accumulated depreciation and amortization&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="center"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(10,998&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(8,869&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="center"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;2,771&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;4,077&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;
&lt;hr  align="left" size="1" width="26%" noshade="noshade" /&gt;
&lt;/div&gt;

&lt;div style="position: relative; text-align: left; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times; margin-bottom: -11pt;"&gt;&lt;font class="_mt" size="2"&gt;*&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;Estimated useful life is generally 7 years, or the remaining lease term, whichever is shorter. &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Included in property and equipment are assets under capital leases with a cost of approximately $0.5&amp;nbsp;million and $0.6&amp;nbsp;million and accumulated amortization of approximately $0.1&amp;nbsp;million and $0.1&amp;nbsp;million at December&amp;nbsp;31, 2011 and January&amp;nbsp;1, 2011, respectively. Amortization of assets recorded under capital leases is included as a component of depreciation and amortization expense. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Warranty Liability &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The following table summarizes the activity related to the warranty liability (in thousands): &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="64"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="50"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Year Ended &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;December&amp;nbsp;31,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;January&amp;nbsp;1,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Beginning balance&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;194&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;240&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Estimated cost of warranty claims charged to cost of sales&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;342&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;271&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Cost of actual warranty claims&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(347&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(317&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Ending balance&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;189&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;194&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Less current portion&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(94&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(109&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Long-term warranty obligations&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;95&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;85&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The allowance for warranty liabilities expected to be incurred within one year is included as a component of accrued expenses and other current liabilities in the accompanying consolidated balance sheets. The allowance for warranty liabilities expected to be incurred after one year is included as a component of other liabilities in the accompanying consolidated balance sheets. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Facility Relocation Costs &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In accordance with ASC Topic 420, the Company recorded accruals related to the 2007 sublet of its former domestic headquarters facility and the 2009 sublet of a portion of its current headquarters facility. The master lease on the former facility and both subleases reached the conclusion of their terms in 2010. The Company determined that its estimates regarding the net payments due under the subleases exceeded its actual liability. As a result, the Company reversed approximately $61,000 of its accrual for facility relocation costs. The reversal of the accrual is included as a component of selling, general and administrative expense in the accompanying consolidated statement of operations for 2010. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The following table summarizes the activity and liability balance related to the facility relocation costs (in thousands): &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="27"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Liability balance, January&amp;nbsp;2, 2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;84&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Charged to costs and expenses&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(61&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Net payments&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(23&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Liability balance, January&amp;nbsp;1, 2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Comprehensive Loss &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The components of comprehensive loss, net of taxes, consist of the following (in thousands): &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="64"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="50"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Year Ended &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;December&amp;nbsp;31,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;January&amp;nbsp;1,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Net loss&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(5,599&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(15,115&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Other comprehensive loss:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Change in net unrealized loss on investments&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Unrealized loss transferred from other comprehensive loss to earnings&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;59&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Net unrealized loss on investments, net of tax&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(4&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(54&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Total comprehensive loss&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(5,544&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(15,169&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Accumulated other comprehensive loss reflected on the consolidated balance sheets at December&amp;nbsp;31, 2011 and January&amp;nbsp;1, 2011 represents accumulated net unrealized losses on investments in marketable securities. &lt;/font&gt;&lt;/p&gt;&lt;a name="page_fq45603_1_18"&gt; &lt;/a&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Computation of Net Loss Per Share &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The following table sets forth the computation of basic and diluted net loss per share, including the reconciliation of the numerator and denominator used in the calculation of basic and diluted net loss per share (in thousands, except per share data): &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="64"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="50"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Year Ended &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;December&amp;nbsp;31,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;January&amp;nbsp;1,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Basic and diluted net loss per share:&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Numerator: Net loss&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(5,599&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(15,115&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Denominator: Weighted-average common shares&lt;br /&gt;outstanding, basic and diluted&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;25,086&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;23,779&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Basic and diluted net loss per share&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(0.22&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(0.64&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The following table sets forth potentially dilutive common share equivalents, consisting of shares issuable upon the exercise or vesting of outstanding stock options and restricted stock awards, respectively, and the exercise of warrants, computed using the treasury stock method. These potential common shares have been excluded from the diluted net loss per share calculations above as their effect would be anti-dilutive for the years then ended (in thousands): &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="64"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="50"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Year Ended &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;December&amp;nbsp;31,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;January&amp;nbsp;2,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Common share equivalents&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,455&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,948&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The above common share equivalents would have been included in the calculation of diluted earnings per share had the Company reported net income for the years then ended. &lt;/font&gt;&lt;/p&gt;&lt;a name="page_fq45603_1_19"&gt; &lt;/a&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Cash Flow Information &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The following table sets forth supplemental disclosures of cash flow information and non-cash investing and financing activities (in thousands): &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="64"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="50"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Year Ended &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;December&amp;nbsp;31,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;January&amp;nbsp;1,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Supplemental disclosure of cash flow information:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Cash paid (received) during the year for:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 30pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Interest&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;227&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;96&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 30pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Income taxes&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;4&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(715&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Supplemental disclosure of non-cash investing and financing acitivies:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Purchase of equipment through capitalized lease obligations&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;117&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;351&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Debt financed acquisition of assets&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;169&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;199&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Purchase of equipment not paid for at the end of the year&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;2&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;292&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Unrealized losses from investments in marketable securities&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;4&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;54&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;</nlst:SupplementalFinancialInformationTextBlock>
  <nlst:WeightedAverageNumberOfShareOutstandingBasicAndDiluted contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit1" decimals="-3">23779000</nlst:WeightedAverageNumberOfShareOutstandingBasicAndDiluted>
  <nlst:WeightedAverageNumberOfShareOutstandingBasicAndDiluted contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit1" decimals="-3">25086000</nlst:WeightedAverageNumberOfShareOutstandingBasicAndDiluted>
  <us-gaap:AccountsPayableCurrent contextRef="As_Of_1_1_2011" unitRef="Unit12" decimals="-3">6256000</us-gaap:AccountsPayableCurrent>
  <us-gaap:AccountsPayableCurrent contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="-3">6155000</us-gaap:AccountsPayableCurrent>
  <us-gaap:AccountsReceivableNetCurrent contextRef="As_Of_1_1_2011" unitRef="Unit12" decimals="-3">6451000</us-gaap:AccountsReceivableNetCurrent>
  <us-gaap:AccountsReceivableNetCurrent contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="-3">11399000</us-gaap:AccountsReceivableNetCurrent>
  <us-gaap:AccruedLiabilitiesCurrent contextRef="As_Of_1_1_2011" unitRef="Unit12" decimals="-3">369000</us-gaap:AccruedLiabilitiesCurrent>
  <us-gaap:AccruedLiabilitiesCurrent contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="-3">460000</us-gaap:AccruedLiabilitiesCurrent>
  <us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax contextRef="As_Of_1_1_2011" unitRef="Unit12" decimals="-3">-111000</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
  <us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="-3">-56000</us-gaap:AccumulatedOtherComprehensiveIncomeLossNetOfTax>
  <us-gaap:AdditionalPaidInCapitalCommonStock contextRef="As_Of_1_1_2011" unitRef="Unit12" decimals="-3">89074000</us-gaap:AdditionalPaidInCapitalCommonStock>
  <us-gaap:AdditionalPaidInCapitalCommonStock contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="-3">92709000</us-gaap:AdditionalPaidInCapitalCommonStock>
  <us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">1482000</us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue>
  <us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue contextRef="Duration_1_3_2010_To_1_1_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="Unit12" decimals="-3">1482000</us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue>
  <us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue xsi:nil="true" contextRef="Duration_1_3_2010_To_1_1_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_PreferredStockMember" unitRef="Unit12" />
  <us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">1620000</us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue>
  <us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue contextRef="Duration_1_2_2011_To_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="Unit12" decimals="-3">1620000</us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue>
  <us-gaap:AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue xsi:nil="true" contextRef="Duration_1_2_2011_To_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_PreferredStockMember" unitRef="Unit12" />
  <us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent contextRef="As_Of_1_1_2011" unitRef="Unit12" decimals="-3">67000</us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent>
  <us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="-3">47000</us-gaap:AllowanceForDoubtfulAccountsReceivableCurrent>
  <us-gaap:AmortizationOfDeferredLeasingFees contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">-108000</us-gaap:AmortizationOfDeferredLeasingFees>
  <us-gaap:Assets contextRef="As_Of_1_1_2011" unitRef="Unit12" decimals="-3">32694000</us-gaap:Assets>
  <us-gaap:Assets contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="-3">32173000</us-gaap:Assets>
  <us-gaap:AssetsCurrent contextRef="As_Of_1_1_2011" unitRef="Unit12" decimals="-3">27390000</us-gaap:AssetsCurrent>
  <us-gaap:AssetsCurrent contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="-3">28797000</us-gaap:AssetsCurrent>
  <us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="As_Of_1_2_2010" unitRef="Unit12" decimals="-3">9942000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
  <us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="As_Of_1_1_2011" unitRef="Unit12" decimals="-3">14210000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
  <us-gaap:CashAndCashEquivalentsAtCarryingValue contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="-3">10535000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
  <us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">4268000</us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease>
  <us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">-3675000</us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease>
  <us-gaap:CommitmentsAndContingencies xsi:nil="true" contextRef="As_Of_1_1_2011" unitRef="Unit12" />
  <us-gaap:CommitmentsAndContingencies xsi:nil="true" contextRef="As_Of_12_31_2011" unitRef="Unit12" />
  <us-gaap:CommitmentsAndContingenciesDisclosureTextBlock contextRef="Duration_1_2_2011_To_12_31_2011">&lt;div&gt; &lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Note 9&amp;#8212;Commitments and Contingencies &lt;/b&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Leases &lt;/b&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company leases certain of its facilities and equipment under non-cancelable operating leases that expire at various dates through 2015. Rental expense, net of amortization of deferred gain and sublease income, is presented in the following table (in thousands): &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="64"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="50"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Year Ended &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;December&amp;nbsp;31,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;January&amp;nbsp;1,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Rental expense&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,065&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;895&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company also has acquired certain equipment through the use of various capital leases, some of which contain bargain purchase options. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In December 2005, the Company sold the building containing its manufacturing facility and the related land in Irvine, California to an unrelated third party for gross proceeds of approximately $1.9&amp;nbsp;million. Concurrent with the sale, the Company entered into an agreement to lease the property back. The Company accounted for the lease as an operating lease. In connection with the sale, the Company recognized a gain of approximately $0.6&amp;nbsp;million which was deferred and amortized into income ratably over the term of the lease-back which expired in 2010. The Company amortized approximately $108,000 of the gain in 2010, which is recorded as a reduction of rent expense in the accompanying consolidated statement of operations. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;A summary of future minimum payments under both capital and operating lease commitments as of December&amp;nbsp;31, 2011 is as follows (in thousands): &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="36"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="49"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" nowrap="nowrap" align="left"&gt;

&lt;div style="border-bottom: #000000 1pt solid; width: 39pt; margin-bottom: 0pt;"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Fiscal Year &lt;/b&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Capital&lt;br /&gt;Leases &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Operating&lt;br /&gt;Leases &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;2012&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;196&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;562&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;2013&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;122&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;444&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;2014&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;243&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;2015&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;213&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;2016&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;207&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Thereafter&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;34&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Total minimum lease payments&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;318&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,703&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Less amount representing interest&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(18&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Present value of future minimum lease payments (see Note&amp;nbsp;7)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;300&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Litigation and Patent Reexaminations &lt;/b&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company owns numerous patents and intends to vigorously protect its rights through litigation against parties that infringe and through defense of challenges made by way of reexamination requests with the United States Patent and Trademark Office ("USPTO"). The Company spends substantial resources protecting its intellectual property, and these activities may continue for the foreseeable future. There can be no assurance that any ongoing or future litigation or patent protection activities &lt;/font&gt;&lt;font class="_mt" size="2"&gt;will be successful. The outcome of pending litigation and patent reexaminations, as well as any delay in their resolution, could affect the Company's ability to protect against competition in the current and expected markets for its products and to license its intellectual property in the future. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Google Litigation &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In May 2008, the Company initiated discussions with Google,&amp;nbsp;Inc. ("Google") regarding the Company's claim that Google has infringed on a U.S. patent owned by the Company, U.S. Patent No.&amp;nbsp;7,289,386 ("the '386 patent"), which relates generally to rank multiplication in memory modules. Preemptively, Google filed a declaratory judgment lawsuit against the Company in the U.S. District Court for the Northern District of California (the "Northern District Court"), seeking a declaration that Google did not infringe the '386 patent and that the '386 patent is invalid. The Company filed a counterclaim for infringement of the '386 patent by Google. Claim construction proceedings were held in November 2009, and the Company prevailed on every disputed claim construction issue. In June 2010, the Company filed motions for summary judgment of patent infringement and dismissal of Google's affirmative defenses. In May 2010, Google requested and was later granted an &lt;/font&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Inter Partes&lt;/i&gt;&lt;/font&gt;&lt;font class="_mt" size="2"&gt; Reexamination of the '386 patent by the USPTO. The reexamination proceedings are described below. Pending the conclusion of the reexamination, the Northern District Court granted Google's request to stay the litigation, and has therefore not ruled on the Company's motions for summary judgement. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In December 2009, the Company filed a patent infringement lawsuit against Google in the Northern District Court, seeking damages and injunctive relief based on Google's infringement of U.S. Patent No.&amp;nbsp;7,619,912 ("the '912 patent"), which is related to the '386 patent and relates generally to rank multiplication. In February 2010, Google answered the Company's complaint and asserted counterclaims against the Company seeking a declaration that the patent is invalid and not infringed, and claiming that the Company committed fraud, negligent misrepresentation and breach of contract based on Netlist's activities in the JEDEC standard-setting organization. The counterclaim seeks unspecified compensatory damages. Accruals have not been recorded for loss contingencies related to Google's counterclaim because it is not probable that a loss has been incurred and the amount of any such loss cannot be reasonably estimated. In October 2010, Google requested and was later granted an &lt;/font&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Inter Partes&lt;/i&gt;&lt;/font&gt;&lt;font class="_mt" size="2"&gt; Reexamination of the '912 patent by the USPTO. The reexamination proceedings are described below. In connection with the reexamination request, the Northern District Court granted the Company and Google's joint request to stay the '912 patent infringement lawsuit against Google until the completion of the reexamination proceedings. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Inphi Litigation &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In September 2009, the Company filed a patent infringement lawsuit against Inphi Corporation ("Inphi") in the U.S. District Court for the Central District of California (the "Central District Court"). The complaint, as amended, alleges that Inphi is contributorily infringing and actively inducing the infringement of U.S. patents owned by the Company, including the '912 patent, U.S. Patent No.&amp;nbsp;7,532,537 ("the '537 patent"), which relates generally to memory modules with load isolation and memory domain translation capabilities, and U.S. Patent No.&amp;nbsp;7,636,274 ("the '274 patent"), which is related to the '537 patent and relates generally to load isolation and memory domain translation technologies. The Company is seeking damages and injunctive relief based on Inphi's use of its &lt;/font&gt;&lt;font class="_mt" size="2"&gt;patented technology. Inphi has denied infringement and has asserted to the court that the three patents are invalid. In April 2010, Inphi requested and was later denied an &lt;/font&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Inter Partes&lt;/i&gt;&lt;/font&gt;&lt;font class="_mt" size="2"&gt; Reexaminations of the '912, '537 and '274 patents by the USPTO. In June 2010, Inphi submitted new requests and was later granted an &lt;/font&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Inter Partes&lt;/i&gt;&lt;/font&gt;&lt;font class="_mt" size="2"&gt; Reexaminations of the '912, '537 and '274 patents by the USPTO. The reexamination proceedings are described below. In connection with the reexamination requests, Inphi filed a motion to stay proceedings with the Central District Court, which was granted and later extended through at least February 2012. The Central District Court has requested that the Company notify it within one week of any action taken by the USPTO in connection with the reexamination proceedings, at which time the Central District Court could decide to maintain or lift the stay. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In November 2009, Inphi filed a patent infringement lawsuit against the Company alleging infringement of two Inphi patents generally related to memory module output buffers. In April 2011 the court dismissed the entire case without prejudice pursuant to a joint stipulation filed by Inphi and the Company under which each party agreed to bear its own costs and attorney's fees. The case is now closed. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;'386 Patent Reexamination &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;As noted previously, in May 2010, Google requested and was later granted an &lt;/font&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Inter Partes&lt;/i&gt;&lt;/font&gt;&lt;font class="_mt" size="2"&gt; Reexamination of the '386 patent by the USPTO. In October 2010, Smart Modular,&amp;nbsp;Inc. ("SMOD") requested and was later granted an &lt;/font&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Inter Partes&lt;/i&gt;&lt;/font&gt;&lt;font class="_mt" size="2"&gt; Reexamination of the '386 patent. The reexaminations requested by Google and SMOD were merged by the USPTO into a single proceeding. In April 2011, a Non-Final Action was issued by the USPTO, rejecting all claims in the patent. In July 2011, the Company responded by amending or canceling some of the claims, adding new claims, and making arguments as to the validity of the rejected claims in view of cited references. Both Google and SMOD filed their comments to the Company's response in October 2011. The reexamination of the '386 patent remains open and will continue in accordance with established procedures for merged reexamination proceedings. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;'912 Patent Reexamination &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;As noted previously, in April 2010, Inphi requested and was later denied an &lt;/font&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Inter Partes&lt;/i&gt;&lt;/font&gt;&lt;font class="_mt" size="2"&gt; Reexamination of the '912 patent by the USPTO. In June 2010, Inphi submitted a new request and was later granted an &lt;/font&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Inter Partes&lt;/i&gt;&lt;/font&gt;&lt;font class="_mt" size="2"&gt; Reexamination of the '912 patent by the USPTO. In September 2010, the USPTO confirmed the patentability of all fifty-one claims of the '912 patent. However, in October 2010, Google and SMOD each filed and were later granted requests for reexamination of the '912 patent. In February 2011, the USPTO merged the Inphi, Google and SMOD '912 reexamination requests into a single proceeding. In an April 2011 Non-Final Action in the merged reexamination proceeding, the USPTO rejected claims 1-20 and 22-51 and confirmed the patentability of claim 21 of the '912 patent. In July 2011, the Company responded by amending or canceling some of the claims, adding new claims, and making arguments as to the validity of the rejected claims in view of cited references. Inphi, Google, and SMOD filed their comments on the Company's response in August 2011. In October 2011, the USPTO mailed a second Non-Final Action confirming the patentability of twenty claims of the '912 patent, including claims that were added in the reexamination process. In January 2012, the Company responded by amending or canceling some of the claims, adding new &lt;/font&gt;&lt;font class="_mt" size="2"&gt;claims, and making arguments as to the validity of the rejected claims in view of cited references. The reexamination of the '912 patent remains open and will continue in accordance with established procedures for merged reexamination proceedings. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;'627 Patent Reexamination &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In September 2011, SMOD filed a request for reexamination of U.S. Pat. No.&amp;nbsp;7,864,627 ("the '627 patent") issued to the Company on January&amp;nbsp;4, 2011. The '627 patent is related to the '912 patent. In November 2011, the USPTO granted SMOD's request for reexamination of the '627 patent and concurrently issued a Non-Final Action confirming the patentability of three claims. In February 2012, the Company responded by amending or canceling some of the claims, adding new claims, and making arguments as to the validity of the rejected claims in view of cited references. The reexamination of the '627 patent remains open and will continue in accordance with established &lt;/font&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Inter Partes&lt;/i&gt;&lt;/font&gt;&lt;font class="_mt" size="2"&gt; Reexamination procedures. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;'537 Patent Reexamination &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;As noted previously, in April 2010, Inphi requested and was later denied an &lt;/font&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Inter Partes&lt;/i&gt;&lt;/font&gt;&lt;font class="_mt" size="2"&gt; Reexamination of the '537 patent by the USPTO. In June 2010, Inphi submitted a new request and was later granted an &lt;/font&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Inter Partes&lt;/i&gt;&lt;/font&gt;&lt;font class="_mt" size="2"&gt; Reexamination of the '537 patent by the USPTO. In September 2010, the USPTO issued a Non-Final Action confirming the patentability of four claims. In October 2010, the Company responded by amending or canceling some of the claims, adding new claims, and making arguments as to the validity of the rejected claims in view of cited references. Inphi filed its comments on the Company's response in January 2011. In June 2011, the USPTO issued an Action Closing Prosecution ("ACP") which reconfirmed the patentability of the four claims. In August 2010, the Company responded by amending some of the claims and making arguments as to the validity of the rejected claims in view of cited references. Inphi filed its comments on the Company's response in September 2011. The USPTO issued a Right of Appeal Notice in February 2012, in which the claims rejection has been withdrawn, thus confirming the patentability of all sixty (60)&amp;nbsp;claims in view of all the previously submitted comments by both Inphi and the Company. Either party has one month to file&amp;nbsp;a notice of appeal with the USPTO. However, in accordance with established &lt;/font&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Inter Partes&lt;/i&gt;&lt;/font&gt;&lt;font class="_mt" size="2"&gt; Reexamination procedures, if no party files&amp;nbsp;a timely notice of appeal, then the reexamination of the '537 patent will be concluded and the Director of the USPTO will proceed to issue and publish a certificate under 37 CFR 1.997. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;'274 Patent Reexamination &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;As noted previously, in April 2010, Inphi requested and was later denied an &lt;/font&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Inter Partes&lt;/i&gt;&lt;/font&gt;&lt;font class="_mt" size="2"&gt; Reexamination of the '274 patent by the USPTO. In June 2010, Inphi submitted a new request and was later granted an &lt;/font&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Inter Partes&lt;/i&gt;&lt;/font&gt;&lt;font class="_mt" size="2"&gt; Reexamination of the '274 patent by the USPTO. In September 2011, the USPTO issued a Non-Final Action, confirming the patentability of six claims. The Company has responded by amending or canceling some of the claims, adding new claims, and making arguments as to the validity of the rejected claims in view of cited references. Inphi filed its comments on the Company's response in November 2011. The reexamination of the '274 patent remains open and will continue in accordance with established &lt;/font&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Inter Partes&lt;/i&gt;&lt;/font&gt;&lt;font class="_mt" size="2"&gt; Reexamination procedures. &lt;/font&gt;&lt;/p&gt;&lt;a name="page_fs45603_1_33"&gt; &lt;/a&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Other Concluded Litigation &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In March 2010, Ring Technologies Enterprises filed a patent infringement lawsuit against Dell and its forty-two of its suppliers. In July 2011 the court dismissed all claims in this action against the Company, without prejudice, with each party to bear its own costs, expenses and attorney's fees. The case against the Company is now closed. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Other Contingent Obligations &lt;/b&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;During its normal course of business, the Company has made certain indemnities, commitments and guarantees under which it may be required to make payments in relation to certain transactions. These include (i)&amp;nbsp;intellectual property indemnities to the Company's customers and licensees in connection with the use, sales and/or license of Company products; (ii)&amp;nbsp;indemnities to vendors and service providers pertaining to claims based on the Company's negligence or willful misconduct; (iii)&amp;nbsp;indemnities involving the accuracy of representations and warranties in certain contracts; (iv)&amp;nbsp;indemnities to directors and officers of the Company to the maximum extent permitted under the laws of the State of Delaware; and (v)&amp;nbsp;certain real estate leases, under which the Company may be required to indemnify property owners for environmental and other liabilities, and other claims arising from the Company's use of the applicable premises. The duration of these indemnities, commitments and guarantees varies and, in certain cases, may be indefinite. The majority of these indemnities, commitments and guarantees do not provide for any limitation of the maximum potential for future payments the Company could be obligated to make. Historically, the Company has not been obligated to make significant payments for these obligations, and no liabilities have been recorded for these indemnities, commitments and guarantees in the accompanying consolidated balance sheets.&lt;/font&gt;&lt;/p&gt; &lt;/div&gt;</us-gaap:CommitmentsAndContingenciesDisclosureTextBlock>
  <us-gaap:CommonStockParOrStatedValuePerShare contextRef="As_Of_1_1_2011" unitRef="Unit13" decimals="INF">0.001</us-gaap:CommonStockParOrStatedValuePerShare>
  <us-gaap:CommonStockParOrStatedValuePerShare contextRef="As_Of_12_31_2011" unitRef="Unit13" decimals="INF">0.001</us-gaap:CommonStockParOrStatedValuePerShare>
  <us-gaap:CommonStockSharesAuthorized contextRef="As_Of_1_1_2011" unitRef="Unit1" decimals="-3">90000000</us-gaap:CommonStockSharesAuthorized>
  <us-gaap:CommonStockSharesAuthorized contextRef="As_Of_12_31_2011" unitRef="Unit1" decimals="-3">90000000</us-gaap:CommonStockSharesAuthorized>
  <us-gaap:CommonStockSharesIssued contextRef="As_Of_1_1_2011" unitRef="Unit1" decimals="-3">25284000</us-gaap:CommonStockSharesIssued>
  <us-gaap:CommonStockSharesIssued contextRef="As_Of_12_31_2011" unitRef="Unit1" decimals="-3">26390000</us-gaap:CommonStockSharesIssued>
  <us-gaap:CommonStockSharesOutstanding contextRef="As_Of_1_1_2011" unitRef="Unit1" decimals="-3">25284000</us-gaap:CommonStockSharesOutstanding>
  <us-gaap:CommonStockSharesOutstanding contextRef="As_Of_12_31_2011" unitRef="Unit1" decimals="-3">26390000</us-gaap:CommonStockSharesOutstanding>
  <us-gaap:CommonStockValue contextRef="As_Of_1_1_2011" unitRef="Unit12" decimals="-3">25000</us-gaap:CommonStockValue>
  <us-gaap:CommonStockValue contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="-3">26000</us-gaap:CommonStockValue>
  <us-gaap:CostOfGoodsAndServicesSold id="Item-0002" contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">27910000</us-gaap:CostOfGoodsAndServicesSold>
  <us-gaap:CostOfGoodsAndServicesSold id="Item-0001" contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">40468000</us-gaap:CostOfGoodsAndServicesSold>
  <us-gaap:DebtDisclosureTextBlock contextRef="Duration_1_2_2011_To_12_31_2011">&lt;div&gt; &lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Note 6&amp;#8212;Credit Agreement &lt;/b&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;On October&amp;nbsp;31, 2009, the Company entered into a credit agreement with Silicon Valley Bank, which was amended on March&amp;nbsp;24, 2010, June&amp;nbsp;30, 2010, September&amp;nbsp;30, 2010, May&amp;nbsp;11, 2011 and August&amp;nbsp;10, 2011 (the "Credit Agreement"). Currently, the Credit Agreement provides for a line of credit pursuant to which the Company can borrow up to the lesser of (i)&amp;nbsp;80% of eligible accounts receivable, or (ii)&amp;nbsp;$10.0&amp;nbsp;million. The Company has the option to increase credit availability to $15.0&amp;nbsp;million at any time through the maturity date of September&amp;nbsp;30, 2013, subject to the conditions of the Credit Agreement. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Credit Agreement contains an overall sublimit of $10.0&amp;nbsp;million to collateralize the Company's contingent obligations under letters of credit, foreign exchange contracts and cash management services. Amounts outstanding under the overall sublimit reduce the amount available pursuant to the Credit Agreement. At December&amp;nbsp;31, 2011, letters of credit in the amount of $2.0&amp;nbsp;million with expiration dates through October&amp;nbsp;31, 2012 were outstanding. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Interest on the line of credit provided by the Credit Agreement is payable monthly at either (i)&amp;nbsp;prime (4.00% at December&amp;nbsp;31, 2011) plus 1.25%, as long as the Company maintains $8.5&amp;nbsp;million in revolving credit availability plus unrestricted cash on deposit with the bank, or (ii)&amp;nbsp;prime plus 2.25%. Additionally, the Credit Agreement requires payments for an unused line, as well as anniversary and early termination fees, as applicable. &lt;/font&gt;&lt;/p&gt;&lt;a name="page_fq45603_1_24"&gt; &lt;/a&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The following table presents details of interest expense related to borrowings on the lines of credit, along with certain other applicable information (in thousands): &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="64"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="50"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Year Ended &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;December&amp;nbsp;31,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;January&amp;nbsp;1,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Interest expense&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;35&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;39&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;br /&gt;&lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="64"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="50"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;December&amp;nbsp;31,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;January&amp;nbsp;1,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Availability under the revolving line of credit&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;7,797&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;5,100&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Outstanding borrowings on the revolving line of credit&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Amounts reserved under credit sublimits&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(2,022&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(2,900&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Unutilized borrowing availability under the revolving line of credit&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;5,775&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;2,200&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In connection with the September&amp;nbsp;30, 2010 amendment to the Credit Agreement, Silicon Valley Bank extended a $1.5&amp;nbsp;million term loan under the Credit Agreement, which bears interest at a rate of prime plus 2.00% ("Term Loan I"). The Company is required to make monthly principal payments of $41,666 of over the 36&amp;nbsp;month term of the loan, or $0.5&amp;nbsp;million annually. Term Loan I matures in September 2013. In May 2011, Silicon Valley Bank extended an additional $3.0&amp;nbsp;million term loan ("Term Loan II"), and extended the term of the existing credit facility through September 2013. The Term Loan II bears interest at a rate of prime plus 2.75%, and is payable in equal installments of $125,000 over the 24&amp;nbsp;month term of the loan, or $1.5&amp;nbsp;million annually. Term Loan II matures in May 2013. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The term loans are classified in long-term debt in the accompanying consolidated balance sheets. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;All obligations under the Credit Agreement are secured by a first priority lien on the Company's tangible and intangible assets. The Credit Agreement subjects the Company to certain affirmative and negative covenants, including financial covenants with respect to the Company's liquidity and tangible net worth and restrictions on the payment of dividends. As of December&amp;nbsp;31, 2011, the Company was in compliance with its financial covenants.&lt;/font&gt;&lt;/p&gt; &lt;/div&gt;</us-gaap:DebtDisclosureTextBlock>
  <us-gaap:DepreciationDepletionAndAmortization contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">2287000</us-gaap:DepreciationDepletionAndAmortization>
  <us-gaap:DepreciationDepletionAndAmortization contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">2242000</us-gaap:DepreciationDepletionAndAmortization>
  <us-gaap:EarningsPerShareBasicAndDiluted contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit13" decimals="2">-0.64</us-gaap:EarningsPerShareBasicAndDiluted>
  <us-gaap:EarningsPerShareBasicAndDiluted contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit13" decimals="2">-0.22</us-gaap:EarningsPerShareBasicAndDiluted>
  <us-gaap:EmployeeRelatedLiabilitiesCurrent contextRef="As_Of_1_1_2011" unitRef="Unit12" decimals="-3">1762000</us-gaap:EmployeeRelatedLiabilitiesCurrent>
  <us-gaap:EmployeeRelatedLiabilitiesCurrent contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="-3">1813000</us-gaap:EmployeeRelatedLiabilitiesCurrent>
  <us-gaap:FairValueDisclosuresTextBlock contextRef="Duration_1_2_2011_To_12_31_2011">&lt;div&gt; &lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Note 4&amp;#8212;Fair Value Measurements &lt;/b&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The following tables detail the fair value measurements within the fair value hierarchy of the Company's investments in marketable securities (in thousands): &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 73%; padding-right: 0pt; margin-left: 10%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="110%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="64"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="87"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="81"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="64"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" colspan="2" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="8" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Fair Value Measurements at December&amp;nbsp;31, 2011 Using &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Fair Value at&lt;br /&gt;December&amp;nbsp;31,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Quoted Prices in&lt;br /&gt;Active Markets for&lt;br /&gt;Identical Assets&lt;br /&gt;(Level&amp;nbsp;1) &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Significant Other&lt;br /&gt;Observable&lt;br /&gt;Inputs&lt;br /&gt;(Level&amp;nbsp;2) &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Significant&lt;br /&gt;Unobservable&lt;br /&gt;Inputs&lt;br /&gt;(Level&amp;nbsp;3) &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Money market mutual funds&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;5,600&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;5,600&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Auction and variable floating rate notes&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;444&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;444&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 30pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Total&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;6,044&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;5,600&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;444&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;a name="page_fq45603_1_20"&gt; &lt;/a&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;br /&gt;&lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 73%; padding-right: 0pt; margin-left: 10%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="110%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="61"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="87"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="81"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="64"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" colspan="2" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="8" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Fair Value Measurements at January&amp;nbsp;1, 2011 Using &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Fair Value at&lt;br /&gt;January&amp;nbsp;1,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Quoted Prices in&lt;br /&gt;Active Markets for&lt;br /&gt;Identical Assets&lt;br /&gt;(Level&amp;nbsp;1) &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Significant Other&lt;br /&gt;Observable&lt;br /&gt;Inputs&lt;br /&gt;(Level&amp;nbsp;2) &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Significant&lt;br /&gt;Unobservable&lt;br /&gt;Inputs&lt;br /&gt;(Level&amp;nbsp;3) &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Money market mutual funds&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;12,654&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;12,654&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Corporate notes and bonds&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;824&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;824&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Auction and variable floating rate notes&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;890&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;890&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 30pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Total&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;14,368&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;12,654&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;824&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;890&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The following tables summarize the Company's assets measured at fair value on a recurring basis as presented in the Company's consolidated balance sheets at December&amp;nbsp;31, 2011 and January&amp;nbsp;1, 2011: &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 73%; padding-right: 0pt; margin-left: 10%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="110%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="64"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="87"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="81"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="64"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" colspan="2" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="8" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Fair Value Measurements at December&amp;nbsp;31, 2011 Using &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Fair Value at&lt;br /&gt;December&amp;nbsp;31,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Quoted Prices in&lt;br /&gt;Active Markets for&lt;br /&gt;Identical Assets&lt;br /&gt;(Level&amp;nbsp;1) &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Significant Other&lt;br /&gt;Observable&lt;br /&gt;Inputs&lt;br /&gt;(Level&amp;nbsp;2) &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Significant&lt;br /&gt;Unobservable&lt;br /&gt;Inputs&lt;br /&gt;(Level&amp;nbsp;3) &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Cash equivalents&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;5,600&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;5,600&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Long-term marketable securities&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;444&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;444&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Total assets measured at fair value&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;6,044&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;5,600&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;444&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;br /&gt;&lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 73%; padding-right: 0pt; margin-left: 10%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="110%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="61"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="87"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="81"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="64"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" colspan="2" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="8" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Fair Value Measurements at January&amp;nbsp;1, 2011 Using &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Fair Value at&lt;br /&gt;January&amp;nbsp;1,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Quoted Prices in&lt;br /&gt;Active Markets for&lt;br /&gt;Identical Assets&lt;br /&gt;(Level&amp;nbsp;1) &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Significant Other&lt;br /&gt;Observable&lt;br /&gt;Inputs&lt;br /&gt;(Level&amp;nbsp;2) &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Significant&lt;br /&gt;Unobservable&lt;br /&gt;Inputs&lt;br /&gt;(Level&amp;nbsp;3) &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Cash equivalents&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;12,654&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;12,654&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Short-term marketable securities&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;824&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;824&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Long-term marketable securities&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;890&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;890&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Total assets measured at fair value&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;14,368&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;12,654&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;824&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;890&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Fair value measurements using Level&amp;nbsp;3 inputs in the table above relate to the Company's investments in auction rate securities. The disruptions in the credit market continue to adversely affect the liquidity and overall market for auction rate securities. The Company has estimated the fair value of these investments using a discounted cash flow model which included assumptions about the credit quality and expected duration of the investments, along with discount rates affected for the general lack of liquidity. These assumptions reflect the Company's estimates about the reasonable assumptions market participants would likely use in valuing the investments, including assumptions about risk, developed based on the best information available in the circumstances. &lt;/font&gt;&lt;/p&gt;&lt;a name="page_fq45603_1_21"&gt; &lt;/a&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The following table provides a reconciliation of the beginning and ending balances for the Company's assets measured at fair value using Level&amp;nbsp;3 inputs (in thousands): &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="64"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="50"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Year Ended &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;December&amp;nbsp;31,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;January&amp;nbsp;1,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Beginning balance&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;890&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;941&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Sales of available-for-sale marketable securities&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(441&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Realized loss included in other income (expense), net&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(59&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Unrealized loss transferred from other comprehensive loss to earnings&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;59&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Unrealized loss included in accumulated other comprehensive loss&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(4&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(50&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Accrued interest&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(1&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(1&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Ending balance&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;444&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;890&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;</us-gaap:FairValueDisclosuresTextBlock>
  <us-gaap:GrossProfit contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">9945000</us-gaap:GrossProfit>
  <us-gaap:GrossProfit contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">20261000</us-gaap:GrossProfit>
  <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">-15829000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments>
  <us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">-5652000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments>
  <us-gaap:IncomeTaxDisclosureTextBlock contextRef="Duration_1_2_2011_To_12_31_2011">&lt;div&gt; &lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Note 8&amp;#8212;Income Taxes &lt;/b&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company's deferred tax assets and liabilities are as follows (in thousands): &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt;&amp;nbsp;&lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="64"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="50"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;th style="font-family: times;" align="left"&gt;&lt;br /&gt;&lt;/th&gt;
&lt;th style="font-family: times;"&gt;&amp;nbsp; &lt;/th&gt;
&lt;th style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;December&amp;nbsp;31,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/th&gt;
&lt;th style="font-family: times;"&gt;&amp;nbsp; &lt;/th&gt;
&lt;th style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;January&amp;nbsp;1,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/th&gt;
&lt;th style="font-family: times;"&gt;&amp;nbsp; &lt;/th&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt;Deferred tax assets:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt;Reserves and allowances&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,995&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,844&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt;State taxes, net of federal income tax benefit&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt;Depreciation and amortization&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;682&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;375&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt;Other accruals&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;331&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;316&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt;Compensatory stock options and rights&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;2,150&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,949&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt;Other&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;25&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;48&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt;Tax credit carryforwards&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,949&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,296&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt;Operating loss carryforward&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;12,306&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;11,513&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt;Foreign operating loss carryforward&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,031&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;878&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 30pt;"&gt;&lt;font class="_mt" size="2"&gt;Total deferred tax assets&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;20,469&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;18,220&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt;Deferred tax liabilities:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt;Prepaid expenses&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(199&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(203&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 30pt;"&gt;&lt;font class="_mt" size="2"&gt;Total deferred tax liabilities&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(199&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(203&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 30pt;"&gt;&lt;font class="_mt" size="2"&gt;Subtotal&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;20,270&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;18,017&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 30pt;"&gt;&lt;font class="_mt" size="2"&gt;Valuation allowance&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(20,270&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(18,017&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company evaluates whether a valuation allowance should be established against its deferred tax assets based on the consideration of all available evidence using a "more likely than not" standard. In making such judgments, significant weight is given to evidence that can be objectively verified. As of December&amp;nbsp;31, 2011 and January&amp;nbsp;1, 2011, a valuation allowance of $20.3&amp;nbsp;million and $18.0&amp;nbsp;million, respectively, has been provided based on the Company's assessment that it is more likely than not, that sufficient taxable income will not be generated to realize the tax benefits of the temporary differences. The valuation allowance increased by approximately $2.3&amp;nbsp;million and $5.9&amp;nbsp;million during the years ended December&amp;nbsp;31, 2011 and January&amp;nbsp;1, 2011, respectively, primarily related to the increase in the net operating loss carryforward. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;At December&amp;nbsp;31, 2011, the Company has approximately $32.3&amp;nbsp;million of federal net operating loss ("NOL") carryforwards which begin to expire in year 2029, and approximately $24.2&amp;nbsp;million of state net operating loss carryforwards which begin to expire in year 2017, and Federal and state tax credit carryforwards of approximately $0.9&amp;nbsp;million and $1.0&amp;nbsp;million, respectively at December&amp;nbsp;31, 2011. Federal tax credit carryforwards begin to expire in 2026 and state tax credits carry forward indefinitely. In addition, the Company has approximately $7.6&amp;nbsp;million of operating loss carryforwards in the PRC that begin to expire in 2012. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The deferred tax asset at December&amp;nbsp;31, 2011 does not include approximately $1.4&amp;nbsp;million and $1.6&amp;nbsp;million of excess tax benefits from employee stock option exercises that are a component of the federal and state net operating loss carryover, respectively. The Company's stockholders' equity balance will be increased if and when such excess tax benefits are ultimately realized. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;For financial reporting purposes, loss before benefit of income taxes includes the following components (in thousands): &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt;&amp;nbsp;&lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="64"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="50"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;th style="font-family: times;" align="left"&gt;&lt;br /&gt;&lt;/th&gt;
&lt;th style="font-family: times;"&gt;&amp;nbsp; &lt;/th&gt;
&lt;th style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Year Ended &lt;/b&gt;&lt;/font&gt;&lt;/th&gt;
&lt;th style="font-family: times;"&gt;&amp;nbsp; &lt;/th&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;th style="font-family: times;" align="left"&gt;&lt;br /&gt;&lt;/th&gt;
&lt;th style="font-family: times;"&gt;&amp;nbsp; &lt;/th&gt;
&lt;th style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;December&amp;nbsp;31,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/th&gt;
&lt;th style="font-family: times;"&gt;&amp;nbsp; &lt;/th&gt;
&lt;th style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;January&amp;nbsp;1,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/th&gt;
&lt;th style="font-family: times;"&gt;&amp;nbsp; &lt;/th&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt;United States&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(4,207&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(13,827&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt;Foreign&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(1,445&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(2,002&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(5,652&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(15,829&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company's income tax benefit consists of the following (in thousands): &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt;&amp;nbsp;&lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="64"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="50"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;th style="font-family: times;" align="left"&gt;&lt;br /&gt;&lt;/th&gt;
&lt;th style="font-family: times;"&gt;&amp;nbsp; &lt;/th&gt;
&lt;th style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Year Ended &lt;/b&gt;&lt;/font&gt;&lt;/th&gt;
&lt;th style="font-family: times;"&gt;&amp;nbsp; &lt;/th&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;th style="font-family: times;" align="left"&gt;&lt;br /&gt;&lt;/th&gt;
&lt;th style="font-family: times;"&gt;&amp;nbsp; &lt;/th&gt;
&lt;th style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;December&amp;nbsp;31,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/th&gt;
&lt;th style="font-family: times;"&gt;&amp;nbsp; &lt;/th&gt;
&lt;th style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;January&amp;nbsp;1,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/th&gt;
&lt;th style="font-family: times;"&gt;&amp;nbsp; &lt;/th&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt;Current:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt;Federal&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(55&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(728&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt;State&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;2&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;14&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 30pt;"&gt;&lt;font class="_mt" size="2"&gt;Total current&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(53&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(714&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt;Deferred:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt;Federal&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(1,516&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(4,209&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt;State&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(582&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(894&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt;Foreign&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(157&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(801&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt;Change in valuation allowance&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;2,255&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;5,904&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 30pt;"&gt;&lt;font class="_mt" size="2"&gt;Total deferred&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt;Income tax benefit&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(53&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(714&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;During 2010, the Company carried back approximately $1.7&amp;nbsp;million of gross net operating losses under the Worker, Homeownership, and Business Act and received a federal income tax refund of approximately $0.7&amp;nbsp;million. During 2011, the Company reduced its unrecognized tax benefits by approximately $0.1&amp;nbsp;million as a result of a lapse in a federal statute of limitations. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;A reconciliation of income taxes computed by applying the statutory U.S. income tax rate to the Company's loss before income taxes to the income tax benefit is as follows: &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt;&amp;nbsp;&lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="64"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="50"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;th style="font-family: times;" align="left"&gt;&lt;br /&gt;&lt;/th&gt;
&lt;th style="font-family: times;"&gt;&amp;nbsp; &lt;/th&gt;
&lt;th style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Year Ended &lt;/b&gt;&lt;/font&gt;&lt;/th&gt;
&lt;th style="font-family: times;"&gt;&amp;nbsp; &lt;/th&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;th style="font-family: times;" align="left"&gt;&lt;br /&gt;&lt;/th&gt;
&lt;th style="font-family: times;"&gt;&amp;nbsp; &lt;/th&gt;
&lt;th style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;December&amp;nbsp;31,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/th&gt;
&lt;th style="font-family: times;"&gt;&amp;nbsp; &lt;/th&gt;
&lt;th style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;January&amp;nbsp;1,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/th&gt;
&lt;th style="font-family: times;"&gt;&amp;nbsp; &lt;/th&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt;U.S. federal statutory tax&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;35&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;35&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt;Valuation allowance&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(25&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(26&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt;Loss from foreign subsidiary&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(9&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(4&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt;Effective income tax benefit rate&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;5&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Unrecognized Tax Benefits &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The following table summarizes the activity related to the Company's unrecognized tax benefits (in thousands): &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt;&amp;nbsp;&lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="27"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt;Balance at January&amp;nbsp;2, 2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;77&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt;Reversal of liability for expiration of statute of limitations&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt;Accrual of potential interest related to unrecognized tax benefits&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt;Balance at January&amp;nbsp;1, 2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;77&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt;Reversal of liability for expiration of statute of limitations&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(55&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt;Accrual of potential interest related to unrecognized tax benefits&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt;Balance at December&amp;nbsp;31, 2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;22&lt;/font&gt; &lt;/td&gt;
&lt;td style="font-family: times;"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp; &lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp; &lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Unrecognized tax benefits of tax positions, if recognized, would affect the Company's annual effective tax rate. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company recognizes accrued interest and penalties related to unrecognized tax benefits as a component of tax expense. Interest and penalty accruals were insignificant at December&amp;nbsp;31 and January&amp;nbsp;1, 2011. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company files tax returns with federal, state and foreign jurisdictions. The Company is no longer subject to IRS or state examinations for periods prior to 2007 although certain carryforward attributes that were generated prior to 2007 may still be adjusted by the IRS. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Tax Holidays &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="margin-top: 0px; font-family: times; margin-bottom: 0px;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In 2008, the Company began operating under tax holidays in the PRC, which are effective from January 2008 through December 2012. Since the Company operated at a loss in the PRC in 2011 and 2010, it did not realize any benefit to its consolidated results of operations attributable to the tax holidays.&lt;/font&gt;&lt;/p&gt; &lt;/div&gt;</us-gaap:IncomeTaxDisclosureTextBlock>
  <us-gaap:IncomeTaxExpenseBenefit contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">-714000</us-gaap:IncomeTaxExpenseBenefit>
  <us-gaap:IncomeTaxExpenseBenefit contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">-53000</us-gaap:IncomeTaxExpenseBenefit>
  <us-gaap:IncreaseDecreaseInAccountsPayable contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">1907000</us-gaap:IncreaseDecreaseInAccountsPayable>
  <us-gaap:IncreaseDecreaseInAccountsPayable contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">-102000</us-gaap:IncreaseDecreaseInAccountsPayable>
  <us-gaap:IncreaseDecreaseInAccountsReceivable contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">2213000</us-gaap:IncreaseDecreaseInAccountsReceivable>
  <us-gaap:IncreaseDecreaseInAccountsReceivable contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">4983000</us-gaap:IncreaseDecreaseInAccountsReceivable>
  <us-gaap:IncreaseDecreaseInAccruedLiabilities contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">-777000</us-gaap:IncreaseDecreaseInAccruedLiabilities>
  <us-gaap:IncreaseDecreaseInAccruedLiabilities contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">101000</us-gaap:IncreaseDecreaseInAccruedLiabilities>
  <us-gaap:IncreaseDecreaseInEmployeeRelatedLiabilities contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">56000</us-gaap:IncreaseDecreaseInEmployeeRelatedLiabilities>
  <us-gaap:IncreaseDecreaseInEmployeeRelatedLiabilities contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">51000</us-gaap:IncreaseDecreaseInEmployeeRelatedLiabilities>
  <us-gaap:IncreaseDecreaseInInventories contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">2277000</us-gaap:IncreaseDecreaseInInventories>
  <us-gaap:IncreaseDecreaseInInventories contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">1548000</us-gaap:IncreaseDecreaseInInventories>
  <us-gaap:IncreaseDecreaseInOtherOperatingAssets contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">116000</us-gaap:IncreaseDecreaseInOtherOperatingAssets>
  <us-gaap:IncreaseDecreaseInOtherOperatingAssets contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">-129000</us-gaap:IncreaseDecreaseInOtherOperatingAssets>
  <us-gaap:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">542000</us-gaap:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets>
  <us-gaap:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">-759000</us-gaap:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets>
  <us-gaap:InterestIncomeExpenseNet contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">-42000</us-gaap:InterestIncomeExpenseNet>
  <us-gaap:InterestIncomeExpenseNet contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">-228000</us-gaap:InterestIncomeExpenseNet>
  <us-gaap:InventoryNet contextRef="As_Of_1_1_2011" unitRef="Unit12" decimals="-3">4509000</us-gaap:InventoryNet>
  <us-gaap:InventoryNet contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="-3">6057000</us-gaap:InventoryNet>
  <us-gaap:Liabilities contextRef="As_Of_1_1_2011" unitRef="Unit12" decimals="-3">10847000</us-gaap:Liabilities>
  <us-gaap:Liabilities contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="-3">12234000</us-gaap:Liabilities>
  <us-gaap:LiabilitiesAndStockholdersEquity contextRef="As_Of_1_1_2011" unitRef="Unit12" decimals="-3">32694000</us-gaap:LiabilitiesAndStockholdersEquity>
  <us-gaap:LiabilitiesAndStockholdersEquity contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="-3">32173000</us-gaap:LiabilitiesAndStockholdersEquity>
  <us-gaap:LiabilitiesCurrent contextRef="As_Of_1_1_2011" unitRef="Unit12" decimals="-3">9699000</us-gaap:LiabilitiesCurrent>
  <us-gaap:LiabilitiesCurrent contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="-3">11022000</us-gaap:LiabilitiesCurrent>
  <us-gaap:LongTermDebtCurrent contextRef="As_Of_1_1_2011" unitRef="Unit12" decimals="-3">674000</us-gaap:LongTermDebtCurrent>
  <us-gaap:LongTermDebtCurrent contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="-3">2144000</us-gaap:LongTermDebtCurrent>
  <us-gaap:LongTermDebtNoncurrent contextRef="As_Of_1_1_2011" unitRef="Unit12" decimals="-3">1063000</us-gaap:LongTermDebtNoncurrent>
  <us-gaap:LongTermDebtNoncurrent contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="-3">1118000</us-gaap:LongTermDebtNoncurrent>
  <us-gaap:LongTermDebtTextBlock contextRef="Duration_1_2_2011_To_12_31_2011">&lt;div&gt; &lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Note 7&amp;#8212;Long-Term Debt &lt;/b&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Long-term debt consists of the following (in thousands): &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="64"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="50"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;December&amp;nbsp;31,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;January&amp;nbsp;1,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Obligations under capital leases (see Note&amp;nbsp;9)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;300&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;362&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Term Loan I (see Note 6)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;875&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,375&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Term Loan II, net of issuance cost of $38 (see Note 6)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;2,087&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;3,262&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,737&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Less current portion&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(2,144&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(674&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,118&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,063&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company has purchased manufacturing and computer equipment through the use of various capital leases that mature at various dates through October 2013 (see Note&amp;nbsp;9). The interest rates on these leases vary between 6.0% and 6.8%. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;As of December&amp;nbsp;31, 2011, maturities of long-term debt were as follows (in thousands): &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="39"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Fiscal Year&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;2012&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;2,182&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;2013&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,118&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Total payments on long-term debt&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;3,300&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Debt discount&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(38&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Long-term debt&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;3,262&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Interest expense related to the Company's long-term debt is presented in the following table (in thousands): &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="64"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="50"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Year Ended &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;December&amp;nbsp;31,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;January&amp;nbsp;1,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Interest expense&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;202&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;56&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt; &lt;/div&gt;</us-gaap:LongTermDebtTextBlock>
  <us-gaap:MarketableSecuritiesCurrent contextRef="As_Of_1_1_2011" unitRef="Unit12" decimals="-3">824000</us-gaap:MarketableSecuritiesCurrent>
  <us-gaap:MarketableSecuritiesGainLoss contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">-59000</us-gaap:MarketableSecuritiesGainLoss>
  <us-gaap:MarketableSecuritiesNoncurrent contextRef="As_Of_1_1_2011" unitRef="Unit12" decimals="-3">890000</us-gaap:MarketableSecuritiesNoncurrent>
  <us-gaap:MarketableSecuritiesNoncurrent contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="-3">444000</us-gaap:MarketableSecuritiesNoncurrent>
  <us-gaap:MarketableSecuritiesTextBlock contextRef="Duration_1_2_2011_To_12_31_2011">&lt;div&gt; &lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Note 5&amp;#8212;Investments in Marketable Securities &lt;/b&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Investments in marketable securities consist of the following at December&amp;nbsp;31, 2011 and January&amp;nbsp;1, 2011 (in thousands): &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="49"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="56"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="30"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="8" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;December&amp;nbsp;31, 2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Amortized&lt;br /&gt;Cost &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Net&lt;br /&gt;Unrealized&lt;br /&gt;Gain (Loss) &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Fair&lt;br /&gt;Value &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Auction and variable floating rate notes&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;500&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(56&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;444&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;br /&gt;&lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="49"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="56"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="39"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="8" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;January&amp;nbsp;1, 2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Amortized&lt;br /&gt;Cost &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Net&lt;br /&gt;Unrealized&lt;br /&gt;Gain (Loss) &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Fair&lt;br /&gt;Value &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Corporate notes and bonds&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;824&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;824&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Auction and variable floating rate notes&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,001&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(111&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;890&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,825&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(111&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,714&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Realized gains and losses on the sale of investments in marketable securities are determined using the specific identification method. Other than the sale of one of the Company's auction rate securities, described below, there were no sales of available-for-sale securities prior to maturity in 2011 or 2010. &lt;/font&gt;&lt;/p&gt;&lt;a name="page_fq45603_1_22"&gt; &lt;/a&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The following table provides the breakdown of investments in marketable securities with unrealized losses at December&amp;nbsp;31, 2011 and January&amp;nbsp;1, 2011 (in thousands): &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="27"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="51"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="30"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="51"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="11" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;December&amp;nbsp;31, 2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="11" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Continuous Unrealized Loss &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Less than&lt;br /&gt;12&amp;nbsp;months &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;12&amp;nbsp;months&lt;br /&gt;or greater &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Fair&lt;br /&gt;Value &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Unrealized&lt;br /&gt;Loss &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Fair&lt;br /&gt;Value &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Unrealized&lt;br /&gt;Loss &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Auction and variable floating rate notes&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;444&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(56&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;br /&gt;&lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="27"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="51"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="30"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="51"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="11" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;January&amp;nbsp;1, 2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="11" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Continuous Unrealized Loss &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Less than&lt;br /&gt;12&amp;nbsp;months &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;12&amp;nbsp;months&lt;br /&gt;or greater &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Fair&lt;br /&gt;Value &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Unrealized&lt;br /&gt;Loss &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Fair&lt;br /&gt;Value &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Unrealized&lt;br /&gt;Loss &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Auction and variable floating rate notes&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;890&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(111&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;As of December&amp;nbsp;31, 2011 and January&amp;nbsp;1, 2011, the Company held one and two investments, respectively, that were in an unrealized loss position. Excluding its auction rate securities, there were no gross unrealized gains or losses on the marketable securities held at January&amp;nbsp;1, 2011. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The following tables present the amortized cost and fair value of the Company's investments in marketable securities classified as available-for-sale at December&amp;nbsp;31, 2011 and January&amp;nbsp;1, 2011 by contractual maturity (in thousands): &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="49"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="30"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;December&amp;nbsp;31, 2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Amortized&lt;br /&gt;Cost &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Fair&lt;br /&gt;Value &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Maturity&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Greater than two years*&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;500&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;444&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;br /&gt;&lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="49"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="39"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;January&amp;nbsp;1, 2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Amortized&lt;br /&gt;Cost &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Fair&lt;br /&gt;Value &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Maturity&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Less than one year&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;824&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;824&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Greater than two years*&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,001&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;890&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,825&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,714&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;
&lt;hr  align="left" size="1" width="26%" noshade="noshade" /&gt;
&lt;/div&gt;

&lt;div style="position: relative; text-align: left; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times; margin-bottom: -11pt;"&gt;&lt;font class="_mt" size="2"&gt;*&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;Comprised of auction rate securities which generally have interest rate reset dates of 90 days or less but final contractual maturity dates in excess of 15 years. &lt;/font&gt;&lt;/p&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Auction Rate Securities &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Disruptions in the credit market continue to adversely affect the liquidity and overall market for auction rate securities. As of December&amp;nbsp;31, 2011, the Company held one investment in a Baa1 rated auction rate debt securities of a municipality with a total purchase cost of $0.5&amp;nbsp;million. An additional A3 rated debt obligation backed by pools of student loans guaranteed by the U.S. Department of Education with a total purchase cost of $0.5&amp;nbsp;million was owned at January&amp;nbsp;1, 2011, and disposed of in June 2011 for a realized loss of $59,000. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company does not believe that the current illiquidity of its remaining investment in auction rate securities will materially impact its ability to fund its working capital needs, capital expenditures or other business requirements. The Company, however, remains uncertain as to when full liquidity will return to the auction rate markets, whether other secondary markets will become available or when the underlying security may be called by the issuer. Given these and other uncertainties, the Company's investments in auction rate securities have been classified as long-term in the accompanying consolidated balance sheets. The Company has concluded that the estimated gross unrealized losses on these investments, which totaled approximately $56,000 and $111,000 at December&amp;nbsp;31, 2011 and January&amp;nbsp;1, 2011, respectively, are temporary because (i)&amp;nbsp;the Company believes that the liquidity limitations that have occurred are due to general market conditions, (ii)&amp;nbsp;the remaining auction rate security continues to be of a high credit quality and interest is paid as due and (iii)&amp;nbsp;the Company has the intent and ability to hold this investment until a recovery in the market occurs.&lt;/font&gt;&lt;/p&gt; &lt;/div&gt;</us-gaap:MarketableSecuritiesTextBlock>
  <us-gaap:NatureOfOperations contextRef="Duration_1_2_2011_To_12_31_2011">&lt;div&gt; &lt;font class="_mt" size="2"&gt;
&lt;/font&gt;
&lt;div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Note 1&amp;#8212;Description of Business &lt;/b&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Netlist,&amp;nbsp;Inc. (the "Company" or "Netlist") designs and manufactures a wide variety of high performance, logic-based memory subsystems for the global datacenter and high-performance computing and communications markets. The Company's memory subsystems consist of combinations of dynamic random access memory integrated circuits ("DRAM ICs" or "DRAM"), NAND flash memory ("NAND"), application-specific integrated circuits ("ASICs") and other components assembled on printed circuit boards ("PCBs"). Netlist primarily markets and sells its products to leading original equipment manufacturer ("OEM") customers. The Company's solutions are targeted at applications where memory plays a key role in meeting system performance requirements. The Company leverages a portfolio of proprietary technologies and design techniques, including efficient planar design, alternative packaging techniques and custom semiconductor logic, to deliver memory subsystems with high memory density, small form factor, high signal integrity, attractive thermal characteristics, reduced power consumption and low cost per bit. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Netlist was incorporated in June 2000 and is headquartered in Irvine, California. In 2007, the Company established a manufacturing facility in the People's Republic of China (the "PRC"), which became operational in July 2007 upon the successful qualification of certain key customers.&lt;/font&gt;&lt;/p&gt;&lt;/div&gt; &lt;/div&gt;</us-gaap:NatureOfOperations>
  <us-gaap:NetCashProvidedByUsedInFinancingActivities contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">17492000</us-gaap:NetCashProvidedByUsedInFinancingActivities>
  <us-gaap:NetCashProvidedByUsedInFinancingActivities contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">3229000</us-gaap:NetCashProvidedByUsedInFinancingActivities>
  <us-gaap:NetCashProvidedByUsedInInvestingActivities contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">2180000</us-gaap:NetCashProvidedByUsedInInvestingActivities>
  <us-gaap:NetCashProvidedByUsedInInvestingActivities contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">520000</us-gaap:NetCashProvidedByUsedInInvestingActivities>
  <us-gaap:NetCashProvidedByUsedInOperatingActivities contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">-15404000</us-gaap:NetCashProvidedByUsedInOperatingActivities>
  <us-gaap:NetCashProvidedByUsedInOperatingActivities contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">-7424000</us-gaap:NetCashProvidedByUsedInOperatingActivities>
  <us-gaap:NetIncomeLoss contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">-15115000</us-gaap:NetIncomeLoss>
  <us-gaap:NetIncomeLoss xsi:nil="true" contextRef="Duration_1_3_2010_To_1_1_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_PreferredStockMember" unitRef="Unit12" />
  <us-gaap:NetIncomeLoss contextRef="Duration_1_3_2010_To_1_1_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" unitRef="Unit12" decimals="-3">-15115000</us-gaap:NetIncomeLoss>
  <us-gaap:NetIncomeLoss contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">-5599000</us-gaap:NetIncomeLoss>
  <us-gaap:NetIncomeLoss xsi:nil="true" contextRef="Duration_1_2_2011_To_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_PreferredStockMember" unitRef="Unit12" />
  <us-gaap:NetIncomeLoss contextRef="Duration_1_2_2011_To_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" unitRef="Unit12" decimals="-3">-5599000</us-gaap:NetIncomeLoss>
  <us-gaap:NonoperatingIncomeExpense contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">29000</us-gaap:NonoperatingIncomeExpense>
  <us-gaap:NonoperatingIncomeExpense contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">-284000</us-gaap:NonoperatingIncomeExpense>
  <us-gaap:OperatingExpenses contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">25803000</us-gaap:OperatingExpenses>
  <us-gaap:OperatingExpenses contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">25629000</us-gaap:OperatingExpenses>
  <us-gaap:OperatingIncomeLoss contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">-15858000</us-gaap:OperatingIncomeLoss>
  <us-gaap:OperatingIncomeLoss contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">-5368000</us-gaap:OperatingIncomeLoss>
  <us-gaap:OtherAssetsNoncurrent contextRef="As_Of_1_1_2011" unitRef="Unit12" decimals="-3">337000</us-gaap:OtherAssetsNoncurrent>
  <us-gaap:OtherAssetsNoncurrent contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="-3">161000</us-gaap:OtherAssetsNoncurrent>
  <us-gaap:OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">-15169000</us-gaap:OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease>
  <us-gaap:OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease xsi:nil="true" contextRef="Duration_1_3_2010_To_1_1_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_PreferredStockMember" unitRef="Unit12" />
  <us-gaap:OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">-5544000</us-gaap:OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease>
  <us-gaap:OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease xsi:nil="true" contextRef="Duration_1_2_2011_To_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_PreferredStockMember" unitRef="Unit12" />
  <us-gaap:OtherLiabilitiesNoncurrent contextRef="As_Of_1_1_2011" unitRef="Unit12" decimals="-3">85000</us-gaap:OtherLiabilitiesNoncurrent>
  <us-gaap:OtherLiabilitiesNoncurrent contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="-3">94000</us-gaap:OtherLiabilitiesNoncurrent>
  <us-gaap:OtherNonoperatingIncome contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">71000</us-gaap:OtherNonoperatingIncome>
  <us-gaap:OtherNonoperatingIncome contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">-56000</us-gaap:OtherNonoperatingIncome>
  <us-gaap:PaymentsToAcquireMarketableSecurities contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">2395000</us-gaap:PaymentsToAcquireMarketableSecurities>
  <us-gaap:PaymentsToAcquirePropertyPlantAndEquipment contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">942000</us-gaap:PaymentsToAcquirePropertyPlantAndEquipment>
  <us-gaap:PaymentsToAcquirePropertyPlantAndEquipment contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">744000</us-gaap:PaymentsToAcquirePropertyPlantAndEquipment>
  <us-gaap:PensionAndOtherPostretirementBenefitsDisclosureTextBlock contextRef="Duration_1_2_2011_To_12_31_2011">&lt;div&gt; &lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Note 11&amp;#8212;401(k) Plan &lt;/b&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company sponsors a 401(k) defined contribution plan. Employees are eligible to participate in this plan provided they are employed full-time and have reached 21&amp;nbsp;years of age. Participants may make pre-tax contributions to the plan subject to a statutorily prescribed annual limit. Each participant is fully vested in his or her contributions and investment earnings. The Company may make matching contributions on the contributions of a participant on a discretionary basis. No contributions have been made in the years ended December&amp;nbsp;31, 2011 or January&amp;nbsp;1, 2011.&lt;/font&gt;&lt;/p&gt; &lt;/div&gt;</us-gaap:PensionAndOtherPostretirementBenefitsDisclosureTextBlock>
  <us-gaap:PreferredStockParOrStatedValuePerShare contextRef="As_Of_1_1_2011" unitRef="Unit13" decimals="INF">0.001</us-gaap:PreferredStockParOrStatedValuePerShare>
  <us-gaap:PreferredStockParOrStatedValuePerShare contextRef="As_Of_12_31_2011" unitRef="Unit13" decimals="INF">0.001</us-gaap:PreferredStockParOrStatedValuePerShare>
  <us-gaap:PreferredStockSharesAuthorized contextRef="As_Of_1_1_2011" unitRef="Unit1" decimals="-3">10000000</us-gaap:PreferredStockSharesAuthorized>
  <us-gaap:PreferredStockSharesAuthorized contextRef="As_Of_12_31_2011" unitRef="Unit1" decimals="-3">10000000</us-gaap:PreferredStockSharesAuthorized>
  <us-gaap:PreferredStockSharesIssued contextRef="As_Of_1_1_2011" unitRef="Unit1" decimals="-3">0</us-gaap:PreferredStockSharesIssued>
  <us-gaap:PreferredStockSharesIssued contextRef="As_Of_12_31_2011" unitRef="Unit1" decimals="-3">0</us-gaap:PreferredStockSharesIssued>
  <us-gaap:PreferredStockSharesOutstanding contextRef="As_Of_1_1_2011" unitRef="Unit1" decimals="-3">0</us-gaap:PreferredStockSharesOutstanding>
  <us-gaap:PreferredStockSharesOutstanding contextRef="As_Of_12_31_2011" unitRef="Unit1" decimals="-3">0</us-gaap:PreferredStockSharesOutstanding>
  <us-gaap:PreferredStockValue xsi:nil="true" contextRef="As_Of_1_1_2011" unitRef="Unit12" />
  <us-gaap:PreferredStockValue xsi:nil="true" contextRef="As_Of_12_31_2011" unitRef="Unit12" />
  <us-gaap:PrepaidExpenseCurrent contextRef="As_Of_1_1_2011" unitRef="Unit12" decimals="-3">1396000</us-gaap:PrepaidExpenseCurrent>
  <us-gaap:PrepaidExpenseCurrent contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="-3">806000</us-gaap:PrepaidExpenseCurrent>
  <us-gaap:ProceedsFromDebtNetOfIssuanceCosts contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">1500000</us-gaap:ProceedsFromDebtNetOfIssuanceCosts>
  <us-gaap:ProceedsFromDebtNetOfIssuanceCosts contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">2934000</us-gaap:ProceedsFromDebtNetOfIssuanceCosts>
  <us-gaap:ProceedsFromIssuanceOfCommonStock contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">16210000</us-gaap:ProceedsFromIssuanceOfCommonStock>
  <us-gaap:ProceedsFromIssuanceOfCommonStock contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">1891000</us-gaap:ProceedsFromIssuanceOfCommonStock>
  <us-gaap:ProceedsFromLongTermLinesOfCredit contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">4000000</us-gaap:ProceedsFromLongTermLinesOfCredit>
  <us-gaap:ProceedsFromLongTermLinesOfCredit contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">500000</us-gaap:ProceedsFromLongTermLinesOfCredit>
  <us-gaap:ProceedsFromSaleAndMaturityOfMarketableSecurities contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">5517000</us-gaap:ProceedsFromSaleAndMaturityOfMarketableSecurities>
  <us-gaap:ProceedsFromSaleAndMaturityOfMarketableSecurities contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">1264000</us-gaap:ProceedsFromSaleAndMaturityOfMarketableSecurities>
  <us-gaap:ProceedsFromStockOptionsExercised contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">55000</us-gaap:ProceedsFromStockOptionsExercised>
  <us-gaap:ProceedsFromStockOptionsExercised contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">128000</us-gaap:ProceedsFromStockOptionsExercised>
  <us-gaap:PropertyPlantAndEquipmentNet contextRef="As_Of_1_1_2011" unitRef="Unit12" decimals="-3">4077000</us-gaap:PropertyPlantAndEquipmentNet>
  <us-gaap:PropertyPlantAndEquipmentNet contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="-3">2771000</us-gaap:PropertyPlantAndEquipmentNet>
  <us-gaap:ProvisionForDoubtfulAccounts contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">35000</us-gaap:ProvisionForDoubtfulAccounts>
  <us-gaap:ProvisionForDoubtfulAccounts contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">35000</us-gaap:ProvisionForDoubtfulAccounts>
  <us-gaap:QuarterlyFinancialInformationTextBlock contextRef="Duration_1_2_2011_To_12_31_2011">&lt;div&gt; &lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Note 15&amp;#8212;Quarterly Summary (Unaudited, in thousands except share and per share data) &lt;/b&gt;&lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 80%; padding-right: 0pt; margin-left: 10%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="64"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="50"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="45"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="45"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="11" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Three Months Ended &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;December&amp;nbsp;31,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;October&amp;nbsp;1,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;July&amp;nbsp;2,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;April&amp;nbsp;2,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Net sales&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;16,381&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;16,347&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;16,001&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;12,000&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Cost of sales(1)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;10,389&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;10,819&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;11,064&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;8,196&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Gross profit&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;5,992&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;5,528&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;4,937&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;3,804&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Operating expenses:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Research and development(1)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;3,502&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;3,983&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;3,755&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;3,684&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Selling, general and administrative(1)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;2,694&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;2,511&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;2,583&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;2,917&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 30pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Total operating expenses&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;6,196&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;6,494&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;6,338&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;6,601&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Operating income (loss)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(204&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(966&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(1,401&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(2,797&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Other income (expense):&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Interest income (expense), net&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(81&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(72&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(50&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(25&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Other expense, net&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;2&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;1&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(59&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 30pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Total other income (expense), net&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(79&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(71&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(109&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(25&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Income (loss) before provision (benefit) for income taxes&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(283&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(1,037&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(1,510&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(2,822&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Provision (benefit) for income taxes&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(56&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;2&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;1&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Net income (loss)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(227&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(1,039&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(1,511&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(2,822&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Net income (loss) per common share:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Basic and diluted&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(0.01&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(0.04&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(0.06&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(0.11&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Weighted-average common shares outstanding:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Basic and diluted&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;28,306&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;25,029&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;24,988&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;24,881&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;a name="page_fw45603_1_40"&gt; &lt;/a&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 80%; padding-right: 0pt; margin-left: 10%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="56"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="50"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="45"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="45"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="11" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Three Months Ended &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Jaunuary 1,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;October&amp;nbsp;2,&lt;br /&gt;2010 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;July&amp;nbsp;3,&lt;br /&gt;2010 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;April&amp;nbsp;3,&lt;br /&gt;2010 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Net sales&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;10,096&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;10,565&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;9,304&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;7,890&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Cost of sales(1)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;6,807&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;7,545&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;7,486&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;6,072&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Gross profit&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;3,289&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;3,020&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,818&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,818&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Operating expenses:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Research and development(1)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;3,606&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;4,958&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;3,190&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;3,008&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Selling, general and administrative(1)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;2,878&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;2,986&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;2,607&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;2,570&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 30pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Total operating expenses&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;6,484&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;7,944&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;5,797&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;5,578&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Operating income (loss)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(3,195&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(4,924&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(3,979&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(3,760&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Other income (expense):&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Interest income (expense), net&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(43&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(3&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;3&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Other expense, net&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;4&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;67&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 30pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Total other income (expense), net&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(43&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(3&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;7&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;68&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Income (loss) before provision (benefit) for income taxes&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(3,238&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(4,927&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(3,972&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(3,692&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Provision (benefit) for income taxes&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(1&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;12&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;2&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(727&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Net income (loss)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(3,237&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(4,939&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(3,974&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(2,965&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Net income (loss) per common share:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Basic and diluted&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(0.13&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(0.20&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(0.16&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(0.14&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Weighted-average common shares outstanding:&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
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&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
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&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
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&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
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&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Basic and diluted&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;25,188&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;24,799&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;24,780&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;20,688&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Each of the Company's quarters in fiscal 2011 and 2010 is comprised of 13&amp;nbsp;weeks.&lt;/font&gt;&lt;/p&gt; &lt;/div&gt;</us-gaap:QuarterlyFinancialInformationTextBlock>
  <us-gaap:RepaymentsOfLongTermDebt contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">273000</us-gaap:RepaymentsOfLongTermDebt>
  <us-gaap:RepaymentsOfLongTermDebt contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">1724000</us-gaap:RepaymentsOfLongTermDebt>
  <us-gaap:RepaymentsOfLongTermLinesOfCredit contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">4000000</us-gaap:RepaymentsOfLongTermLinesOfCredit>
  <us-gaap:RepaymentsOfLongTermLinesOfCredit contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">500000</us-gaap:RepaymentsOfLongTermLinesOfCredit>
  <us-gaap:ResearchAndDevelopmentExpense id="Item-0004" contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">14762000</us-gaap:ResearchAndDevelopmentExpense>
  <us-gaap:ResearchAndDevelopmentExpense id="Item-0003" contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">14924000</us-gaap:ResearchAndDevelopmentExpense>
  <us-gaap:RetainedEarningsAccumulatedDeficit contextRef="As_Of_1_1_2011" unitRef="Unit12" decimals="-3">-67141000</us-gaap:RetainedEarningsAccumulatedDeficit>
  <us-gaap:RetainedEarningsAccumulatedDeficit contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="-3">-72740000</us-gaap:RetainedEarningsAccumulatedDeficit>
  <us-gaap:SalesRevenueNet contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">37855000</us-gaap:SalesRevenueNet>
  <us-gaap:SalesRevenueNet contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">60729000</us-gaap:SalesRevenueNet>
  <us-gaap:SegmentReportingDisclosureTextBlock contextRef="Duration_1_2_2011_To_12_31_2011">&lt;div&gt; &lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Note 13&amp;#8212;Segment and Geographic Information &lt;/b&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company operates in one reportable segment: the design and manufacture of high-performance memory subsystems for the server, high-performance computing and communications markets. The Company evaluates financial performance on a company-wide basis. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;To date, a majority of the Company's international sales relate to shipments of products to its U.S. customers' international manufacturing sites or third- party hubs. Net sales derived from shipments to international destinations, primarily to Hong Kong (including foreign subsidiaries of customers that are headquartered in the U.S.), represented approximately 83% and 70% of the Company's net sales in 2011 and 2010, respectively. All of the Company's net sales to date have been denominated in U.S. dollars. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;As of December&amp;nbsp;31, 2011 and January&amp;nbsp;1, 2011, approximately $1.5&amp;nbsp;million and $2.3&amp;nbsp;million of the Company's long-lived assets, net of depreciation and amortization, respectively, were located outside the U.S., primarily in the PRC. Substantially all other long-lived assets were located in the U.S.&lt;/font&gt;&lt;/p&gt; &lt;/div&gt;</us-gaap:SegmentReportingDisclosureTextBlock>
  <us-gaap:SellingGeneralAndAdministrativeExpense id="Item-0006" contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">11041000</us-gaap:SellingGeneralAndAdministrativeExpense>
  <us-gaap:SellingGeneralAndAdministrativeExpense id="Item-0005" contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">10705000</us-gaap:SellingGeneralAndAdministrativeExpense>
  <us-gaap:ShareBasedCompensation contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">1482000</us-gaap:ShareBasedCompensation>
  <us-gaap:ShareBasedCompensation contextRef="Duration_1_3_2010_To_1_1_2011_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsByReportLineAxis_nlst_SellingGeneralAndAdministrativeMember" unitRef="Unit12" decimals="-3">1083000</us-gaap:ShareBasedCompensation>
  <us-gaap:ShareBasedCompensation contextRef="Duration_1_3_2010_To_1_1_2011_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsByReportLineAxis_us-gaap_CostOfSalesMember" unitRef="Unit12" decimals="-3">42000</us-gaap:ShareBasedCompensation>
  <us-gaap:ShareBasedCompensation contextRef="Duration_1_3_2010_To_1_1_2011_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsByReportLineAxis_us-gaap_ResearchAndDevelopmentArrangementMember" unitRef="Unit12" decimals="-3">357000</us-gaap:ShareBasedCompensation>
  <us-gaap:ShareBasedCompensation contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">1620000</us-gaap:ShareBasedCompensation>
  <us-gaap:ShareBasedCompensation contextRef="Duration_1_2_2011_To_12_31_2011_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsByReportLineAxis_nlst_SellingGeneralAndAdministrativeMember" unitRef="Unit12" decimals="-3">941000</us-gaap:ShareBasedCompensation>
  <us-gaap:ShareBasedCompensation contextRef="Duration_1_2_2011_To_12_31_2011_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsByReportLineAxis_us-gaap_CostOfSalesMember" unitRef="Unit12" decimals="-3">79000</us-gaap:ShareBasedCompensation>
  <us-gaap:ShareBasedCompensation contextRef="Duration_1_2_2011_To_12_31_2011_us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsByReportLineAxis_us-gaap_ResearchAndDevelopmentArrangementMember" unitRef="Unit12" decimals="-3">600000</us-gaap:ShareBasedCompensation>
  <us-gaap:SharesOutstanding contextRef="As_Of_1_2_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit1" decimals="-3">20111000</us-gaap:SharesOutstanding>
  <us-gaap:SharesOutstanding xsi:nil="true" contextRef="As_Of_1_2_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_PreferredStockMember" unitRef="Unit1" />
  <us-gaap:SharesOutstanding contextRef="As_Of_1_1_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit1" decimals="-3">25284000</us-gaap:SharesOutstanding>
  <us-gaap:SharesOutstanding xsi:nil="true" contextRef="As_Of_1_1_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_PreferredStockMember" unitRef="Unit1" />
  <us-gaap:SharesOutstanding contextRef="As_Of_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit1" decimals="-3">26390000</us-gaap:SharesOutstanding>
  <us-gaap:SharesOutstanding xsi:nil="true" contextRef="As_Of_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_PreferredStockMember" unitRef="Unit1" />
  <us-gaap:SignificantAccountingPoliciesTextBlock contextRef="Duration_1_2_2011_To_12_31_2011">&lt;div&gt; &lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Note 2&amp;#8212;Summary of Significant Accounting Policies &lt;/b&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Basis of Presentation &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S."). &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Principles of Consolidation &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The consolidated financial statements include the accounts of Netlist,&amp;nbsp;Inc. and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Fiscal Year &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company operates under a &lt;sup&gt;52&lt;/sup&gt;/&lt;small&gt;53&lt;/small&gt;-week fiscal year ending on the Saturday closest to December&amp;nbsp;31. The 2011 and 2010 fiscal years ended on December&amp;nbsp;31, 2011 and January&amp;nbsp;1, 2011, respectively. Fiscal years 2011 and 2010 each consisted of 52&amp;nbsp;weeks. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Reclassifications &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Certain amounts in the 2010 consolidated financial statements have been reclassified to conform to the current year presentation. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Use of Estimates &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of net sales and expenses during the reporting period. By their nature, these estimates and assumptions are subject to an inherent degree of uncertainty. &lt;/font&gt;&lt;/p&gt;&lt;a name="page_fo45603_1_8"&gt; &lt;/a&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;Significant estimates made by management include, among others, provisions for uncollectible receivables and sales returns, warranty liabilities, valuation of inventories, fair value of financial instruments, impairment of long-lived assets, stock-based compensation expense and realization of deferred tax assets. The Company bases its estimates on historical experience, knowledge of current conditions and our belief of what could occur in the future considering available information. The Company reviews its estimates on an on-going basis. The actual results experienced by the Company may differ materially and adversely from its estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Revenue Recognition &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company's revenues primarily consist of product sales of high performance memory subsystems to original equipment manufacturers ("OEMs"). Revenues also include sales of excess inventories to distributors and other users of memory integrated circuits ("ICs"), totaling less than 1% of net revenues in 2011 and 2010. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company recognizes revenues in accordance with the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 605. Accordingly, the Company recognizes revenues when there is persuasive evidence that an arrangement exists, product delivery and acceptance have occurred, the sales price is fixed or determinable, and collectibility of the resulting receivable is reasonably assured. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company generally uses customer purchase orders and/or contracts as evidence of an arrangement. Delivery occurs when goods are shipped for customers with shipping point terms and upon receipt for customers with destination terms, at which time title and risk of loss transfer to the customer. Shipping documents are used to verify delivery and customer acceptance. The Company assesses whether the sales price is fixed or determinable based on the payment terms associated with the transaction and whether the sales price is subject to refund. Customers are generally allowed limited rights of return for up to 30&amp;nbsp;days, except for sales of excess component inventories, which contain no right-of-return privileges. Estimated returns are provided for at the time of sale based on historical experience or specific identification of an event necessitating a reserve. The Company offers a standard product warranty to our customers and has no other post-shipment obligations. The Company assesses collectibility based on the creditworthiness of the customer as determined by credit checks and evaluations, as well as the customer's payment history. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;All amounts billed to customers related to shipping and handling are classified as revenues, while all costs incurred by the Company for shipping and handling are classified as cost of sales. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Cash and Cash Equivalents &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Cash and cash equivalents consist of cash and short-term investments with original maturities of three months or less, other than short-term investments in securities that lack an active market. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Investments in Marketable Securities &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company accounts for its investments in marketable securities in accordance with ASC Topic&amp;nbsp;320. The Company determines the appropriate classification of its investments at the time of &lt;/font&gt;&lt;font class="_mt" size="2"&gt;purchase and reevaluates such designation at each balance sheet date. The Company's investments in marketable securities have been classified and accounted for as available-for-sale based on management's investment intentions relating to these securities. Available-for-sale securities are stated at fair value, generally based on market quotes, to the extent they are available. Unrealized gains and losses, net of applicable deferred taxes, are recorded as a component of other comprehensive income (loss). Realized gains and losses and declines in value judged to be other than temporary are determined based on the specific identification method and are reported in other income, net in the consolidated statements of operations. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company generally invests its excess cash in domestic bank-issued certificates of deposit which carry federal deposit insurance, money market funds and highly liquid debt instruments of U.S. municipalities, corporations and the U.S. government and its agencies. All highly liquid investments with stated maturities of three months or less from the date of purchase are classified as cash equivalents; all investments with stated maturities of greater than three months are classified as investments in marketable securities. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Fair Value of Financial Instruments &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company's financial instruments consist principally of cash and cash equivalents, investments in marketable securities, accounts receivable, accounts payable, accrued expenses and debt instruments. Other than for certain investments in auction rate securities and short-term corporate bonds (see Note&amp;nbsp;4), the fair value of the Company's cash equivalents and investments in marketable securities is determined based on quoted prices in active markets for identical assets or Level&amp;nbsp;1 inputs. Because of their short-term nature, short-term corporate bonds are not frequently traded. Although there are observable quotes for these securities, the markets are not considered active. Accordingly, the fair values of these investments are based on Level&amp;nbsp;2 inputs. The Company recognizes transfers between Levels&amp;nbsp;1 through 3 of the fair value hierarchy at the beginning of the reporting period. The Company believes that the carrying values of all other financial instruments approximate their current fair values due to their nature and respective durations. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Allowance for Doubtful Accounts &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company evaluates the collectibility of accounts receivable based on a combination of factors. In cases where the Company is aware of circumstances that may impair a specific customer's ability to meet its financial obligations subsequent to the original sale, the Company will record an allowance against amounts due, and thereby reduce the net recognized receivable to the amount the Company reasonably believes will be collected. For all other customers, the Company records allowances for doubtful accounts based primarily on the length of time the receivables are past due based on the terms of the originating transaction, the current business environment and its historical experience. Uncollectible accounts are charged against the allowance for doubtful accounts when all cost effective commercial means of collection have been exhausted. &lt;/font&gt;&lt;/p&gt;&lt;a name="page_fo45603_1_10"&gt; &lt;/a&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Concentration of Credit Risk &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents, investments in marketable securities, and accounts receivable. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company invests its cash equivalents primarily in money market mutual funds. Cash equivalents are maintained with high quality institutions, the composition and maturities of which are regularly monitored by management. The Company had $0.5&amp;nbsp;million of FDIC insured cash and cash equivalents at December&amp;nbsp;31, 2011. Investments in marketable securities are generally in high-credit quality debt instruments. Such investments are made only in instruments issued or enhanced by high-quality institutions. The Company has not realized any credit losses related to these investments. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company's trade accounts receivable are primarily derived from sales to OEMs&amp;nbsp;in the computer industry (see Note 12). The Company performs credit evaluations of its customers' financial condition and limits the amount of credit extended when deemed necessary, but generally requires no collateral. Credit quality is monitored by evaluation of credit scores and collection history. The Company believes that the concentration of credit risk in its trade receivables is moderated by its credit evaluation process, relatively short collection terms, the high level of credit worthiness of its customers, foreign credit insurance and letters of credit issued on the Company's behalf. Reserves are maintained for potential credit losses, and such losses historically have not been significant and have been within management's expectations. Potential credit losses are limited to the gross value of accounts receivable. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Inventories &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Inventories are valued at the lower of actual cost to purchase or manufacture the inventory or the net realizable value of the inventory. Cost is determined on an average cost basis which approximates actual cost on a first-in, first-out basis and includes raw materials, labor and manufacturing overhead. At each balance sheet date, the Company evaluates its ending inventory quantities on hand and on order and records a provision for excess quantities and obsolescence. Among other factors, the Company considers historical demand and forecasted demand in relation to the inventory on hand, competitiveness of product offerings, market conditions and product life cycles when determining obsolescence and net realizable value. In addition, the Company considers changes in the market value of components in determining the net realizable value of its inventory. Provisions are made to reduce excess or obsolete inventories to their estimated net realizable values. Once established, write-downs are considered permanent adjustments to the cost basis of the excess or obsolete inventories. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Property and Equipment &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Property and equipment are recorded at cost and depreciated on a straight-line basis over their estimated useful lives, which generally range from three to seven years. Leasehold improvements are recorded at cost and amortized on a straight-line basis over the shorter of their estimated useful lives or the remaining lease term. &lt;/font&gt;&lt;/p&gt;&lt;a name="page_fo45603_1_11"&gt; &lt;/a&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company evaluates the recoverability of the carrying value of long-lived assets held and used by the Company for impairment on at least an annual basis or whenever events or changes in circumstances indicate that their carrying value may not be recoverable. When such factors and circumstances exist, the Company compares the projected undiscounted future net cash flows associated with the related asset or group of assets over their estimated useful lives against their respective carrying amount. If the carrying value is determined not to be recoverable from future operating cash flows, the asset is deemed impaired and an impairment loss is recognized to the extent the carrying value exceeds the estimated fair value of the asset. The fair value of the asset or asset group is based on market value when available, or when unavailable, on discounted expected cash flows. The Company's management believes there is no impairment of long-lived assets as of December&amp;nbsp;31, 2011. There can be no assurance, however, that market conditions will not change or demand for the Company's products will continue, which could result in future impairment of long-lived assets. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Warranty Reserve &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company offers product warranties generally ranging from one to three years, depending on the product and negotiated terms of any purchase agreements with customers. Such warranties require the Company to repair or replace defective product returned to the Company during such warranty period at no cost to the customer. Warranties are not offered on sales of excess component inventory. The Company records an estimate for warranty-related costs at the time of sale based on its historical and estimated product return rates and expected repair or replacement costs (see Note&amp;nbsp;3). Such costs have historically been within management's expectations and the provisions established. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Stock-Based Compensation &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company accounts for equity issuances to non-employees in accordance with ASC Topic 505. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. The measurement date used to determine the fair value of the equity instrument issued is the earlier of the date on which the third-party performance is complete or the date on which it is probable that performance will occur. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In accordance with ASC Topic 718, employee and director stock-based compensation expense recognized during the period is based on the value of the portion of stock-based payment awards that is ultimately expected to vest during the period. Given that stock-based compensation expense recognized in the consolidated statements of operations is based on awards ultimately expected to vest, it has been reduced for estimated forfeitures. ASC Topic 718 requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. The Company's estimated average forfeiture rates are based on historical forfeiture experience and estimated future forfeitures. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The fair value of common stock option awards to employees and directors is calculated using the Black-Scholes option pricing model. The Black-Scholes model requires subjective assumptions regarding future stock price volatility and expected time to exercise, along with assumptions about the risk-free &lt;/font&gt;&lt;font class="_mt" size="2"&gt;interest rate and expected dividends, all of which affect the estimated fair values of the Company's common stock option awards. The expected term of options granted is calculated as the average of the weighted vesting period and the contractual expiration date of the option. This calculation is based on the safe harbor method permitted by the SEC in instances where the vesting and exercise terms of options granted meet certain conditions and where limited historical exercise data is available. The expected volatility is based on the historical volatility of the Company's common stock. The risk-free rate selected to value any particular grant is based on the U.S. Treasury rate that corresponds to the expected term of the grant effective as of the date of the grant. The expected dividend assumption is based on the Company's history and management's expectation regarding dividend payouts. Compensation expense for common stock option awards with graded vesting schedules is recognized on a straight-line basis over the requisite service period for the last separately vesting portion of the award, provided that the accumulated cost recognized as of any date at least equals the value of the vested portion of the award. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company recognizes the fair value of restricted stock awards issued to employees and outside directors as stock-based compensation expense on a straight-line basis over the vesting period for the last separately vesting portion of the awards. Fair value is determined as the difference between the closing price of our common stock on the grant date and the purchase price of the restricted stock award, if any, reduced by expected forfeitures. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Income Taxes &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Deferred tax assets and liabilities are recognized to reflect the estimated future tax effects, calculated at currently effective tax rates, of future deductible or taxable amounts attributable to events that have been recognized on a cumulative basis in the consolidated financial statements. A valuation allowance related to a net deferred tax asset is recorded when it is more likely than not that some portion of the deferred tax asset will not be realized. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;ASC Topic 740 prescribes a recognition threshold and measurement requirement for the financial statement recognition of a tax position that has been taken or is expected to be taken on a tax return and also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. Under ASC Topic 740 the Company may only recognize or continue to recognize tax positions that meet a "more likely than not" threshold. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Research and Development Expenses &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Research and development expenditures are expensed in the period incurred. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Collaborative Agreements &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In 2011, the Company entered into two memory technology Collaboration Agreements. The first agreement is a HyperCloud&amp;#8482; Technology Collaboration Agreement (the "IBM Agreement") with International Business Machines ("IBM"). Under the IBM Agreement, IBM and the Company have agreed to cooperate with respect to the qualification of HyperCloud&amp;#8482; technology for use with IBM servers and to engage in certain joint marketing efforts if qualification is achieved. IBM and the &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Company have agreed to commit resources and funds in support of these activities. The IBM Agreement is non-exclusive. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The second agreement is a Collaboration Agreement (the "HP Agreement") with Hewlett-Packard Company ("HP"). Under the HP Agreement, HP and the Company have agreed to cooperate with respect to the qualification of HyperCloud&amp;#8482; technology for use with HP servers and to engage in certain joint marketing efforts if qualification is achieved. HP and the Company have agreed to commit resources and funds in support of these activities. The HP Agreement is exclusive for a period of time. HP and the Company agree to collaborate on the future use of HyperCloud&amp;#8482; load reduction and rank multiplication technologies for next generation server memory for HP. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In 2011, the Company reimbursed IBM and HP $0.2&amp;nbsp;million and $0.1&amp;nbsp;million, respectively, for the cost of certain qualification activities. The payments are included in research and development expense in the accompanying consolidated statement of operations. The Company may be required to make additional payments to both IBM and HP for joint marketing activities if and when the HyperCloud&amp;#8482; technology is qualified. The Company's net sales will be determined after deduction of such customer allowances, in accordance with ASC 605-50. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;There can be no assurance that the efforts undertaken under either of the IBM or HP collaboration agreements will result in any new revenues for the Company. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Through 2011, the Company maintained a collaborative arrangement with a partner in order to develop products using certain of the Company's proprietary technology. Under the arrangement, the development partner was granted a non-exclusive license to specified intellectual property for exclusive use in the development and production of ASIC chipsets for the Company. Both the Company and the development partner provided engineering project management resources at their own expense. The development partner was entitled to non-recurring engineering fees based upon the achievement of development milestones, and to a minimum portion of the Company's purchasing allocations for the component. Expenses incurred and paid to the development partner, which were insignificant in 2011 and amounted to $0.3 million in 2010, are included in research and development expense in the accompanying consolidated statements of operations. As of December&amp;nbsp;31, 2011, the operational and financial obligations under the agreement have been fulfilled. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Comprehensive Loss &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;ASC Topic 220 establishes standards for reporting and displaying comprehensive income (loss) and its components in the consolidated financial statements. Accumulated other comprehensive loss includes unrealized gains or losses on investments. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Risks and Uncertainties &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company has invested and expects to continue to invest a significant portion of its research and development budget into the design of ASIC devices, including the HyperCloud&amp;#8482; memory subsystem. This new design and the products it is incorporated into are subject to increased risks as compared to the Company's existing products. The Company may be unable to achieve customer or market acceptance of the HyperCloud&amp;#8482; memory subsystem or other new products, or achieve such acceptance in a timely manner. The Company has experienced a longer qualification cycle than &lt;/font&gt;&lt;font class="_mt" size="2"&gt;anticipated with its HyperCloud&amp;#8482; memory subsystems, and as of December 31, 2011 the product has not generated significant revenue relative to the Company's investment in the product. The Company has entered into collaborative agreements with both HP and IBM pursuant to which these OEMs have agreed to cooperate with the Company in efforts to qualify HyperCloud&amp;#8482; for use in their respective products. If qualification is achieved by one or both of these OEMs, the qualifying OEM will engage with the Company in joint marketing and further product development efforts. The Company and each of the OEMs have committed financial and other resources toward the collaboration. There can be no assurance that the efforts undertaken pursuant to either of the collaborative agreements will result in any new revenues for the Company. Further delays or any failure in placing or qualifying this product with HP, IBM or other potential customers would adversely impact the Company's results of operations. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company's operations in the PRC are subject to various political, geographical and economic risks and uncertainties inherent to conducting business in the PRC. These include, but are not limited to, (i)&amp;nbsp;potential changes in economic conditions in the region, (ii)&amp;nbsp;managing a local workforce that may subject the Company to uncertainties or certain regulatory policies, (iii)&amp;nbsp;changes in other policies of the Chinese governmental and regulatory agencies, and (iv)&amp;nbsp;changes in the laws and policies of the U.S. government regarding the conduct of business in foreign countries, generally, or in the PRC, in particular. Additionally, the Chinese government controls the procedures by which its local currency, the Chinese Renminbi ("RMB"), is converted into other currencies and by which dividends may be declared or capital distributed for the purpose of repatriation of earnings and investments. If restrictions in the conversion of RMB or in the repatriation of earnings and investments through dividend and capital distribution restrictions are instituted, the Company's operations and operating results may be negatively impacted. Restricted net assets of our subsidiary in the PRC totaled $0.6&amp;nbsp;million and $2.0&amp;nbsp;million at December&amp;nbsp;31, 2011 and January&amp;nbsp;1, 2011, respectively. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Foreign Currency Remeasurement &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The functional currency of the Company's foreign subsidiary is the U.S. dollar. Local currency financial statements are remeasured into U.S. dollars at the exchange rate in effect as of the balance sheet date for monetary assets and liabilities and the historical exchange rate for nonmonetary assets and liabilities. Expenses are remeasured using the average exchange rate for the period, except items related to nonmonetary assets and liabilities, which are remeasured using historical exchange rates. All remeasurement gains and losses are included in determining net loss. Transaction gains and losses were not significant in 2011 and 2010. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Net Loss Per Share &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Basic net loss per share is calculated by dividing net loss by the weighted-average common shares outstanding during the year, excluding unvested shares issued pursuant to restricted share awards under the Company's share-based compensation plans. Diluted net loss per share is calculated by dividing the net loss by the weighted-average shares and dilutive potential common shares outstanding during the year. Dilutive potential shares consist of dilutive shares issuable upon the exercise or vesting of outstanding stock options and restricted stock awards, respectively, computed using the treasury stock &lt;/font&gt;&lt;font class="_mt" size="2"&gt;method. In periods of losses, basic and diluted loss per share are the same, as the effect of stock options and unvested restricted share awards on loss per share is anti-dilutive. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;New Accounting Pronouncements &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In May 2011, the FASB issued Accounting Standards Update ("ASU") No.&amp;nbsp;2011-4, Fair Value Measurement ("ASU 11-4"). ASU 11-4 amends existing guidance to achieve convergence in measurement and disclosure between U.S. Generally Accepted Accounting Standards ("GAAP") and International Financial Reporting Standards ("IFRS"). ASU 11-4 is effective for fiscal year 2012. The Company is currently evaluating the impact that ASU 11-4 will have on its consolidated financial statements. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In June 2011, the FASB issued ASU No.&amp;nbsp;2011-5, Comprehensive Income ("ASU 11-5"). ASU 11-5 amends existing guidance to increase the prominence of items reported in other comprehensive income and to facilitate convergence of U.S.&amp;nbsp;GAAP and IFRS. ASU 11-5 is effective for fiscal year 2012. The Company is currently evaluating the impact that ASU 11-4 will have on its consolidated financial statements.&lt;/font&gt;&lt;/p&gt; &lt;/div&gt;</us-gaap:SignificantAccountingPoliciesTextBlock>
  <us-gaap:StockholdersEquity contextRef="As_Of_1_2_2010" unitRef="Unit12" decimals="-3">19269000</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity contextRef="As_Of_1_2_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="Unit12" decimals="-3">-57000</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity contextRef="As_Of_1_2_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="Unit12" decimals="-3">71332000</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity contextRef="As_Of_1_2_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit12" decimals="-3">20000</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity xsi:nil="true" contextRef="As_Of_1_2_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_PreferredStockMember" unitRef="Unit12" />
  <us-gaap:StockholdersEquity contextRef="As_Of_1_2_2010_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" unitRef="Unit12" decimals="-3">-52026000</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity contextRef="As_Of_1_1_2011" unitRef="Unit12" decimals="-3">21847000</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity contextRef="As_Of_1_1_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="Unit12" decimals="-3">-111000</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity contextRef="As_Of_1_1_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="Unit12" decimals="-3">89074000</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity contextRef="As_Of_1_1_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit12" decimals="-3">25000</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity xsi:nil="true" contextRef="As_Of_1_1_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_PreferredStockMember" unitRef="Unit12" />
  <us-gaap:StockholdersEquity contextRef="As_Of_1_1_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" unitRef="Unit12" decimals="-3">-67141000</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity contextRef="As_Of_12_31_2011" unitRef="Unit12" decimals="-3">19939000</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity contextRef="As_Of_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_AccumulatedOtherComprehensiveIncomeMember" unitRef="Unit12" decimals="-3">-56000</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity contextRef="As_Of_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_AdditionalPaidInCapitalMember" unitRef="Unit12" decimals="-3">92709000</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity contextRef="As_Of_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_CommonStockMember" unitRef="Unit12" decimals="-3">26000</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquity xsi:nil="true" contextRef="As_Of_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_PreferredStockMember" unitRef="Unit12" />
  <us-gaap:StockholdersEquity contextRef="As_Of_12_31_2011_us-gaap_StatementEquityComponentsAxis_us-gaap_RetainedEarningsMember" unitRef="Unit12" decimals="-3">-72740000</us-gaap:StockholdersEquity>
  <us-gaap:StockholdersEquityNoteDisclosureTextBlock contextRef="Duration_1_2_2011_To_12_31_2011">&lt;div&gt; &lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Note 10&amp;#8212;Stockholders' Equity &lt;/b&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Serial Preferred Stock &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company's authorized capital includes 10,000,000 shares of Serial Preferred Stock, with a par value of $0.001 per share. No shares were outstanding at December&amp;nbsp;31, 2011 or January&amp;nbsp;1, 2011. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Common Stock &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;On March&amp;nbsp;24, 2010, the Company sold 4,594,250 shares of common stock in a registered public offering. The shares were sold to the public at a price of $3.85 per share. The Company received net proceeds of $16.2&amp;nbsp;million, after underwriting discounts and commissions, and estimated expenses payable by the Company. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;In November 2011, the Company entered into a sales agreement with Ascendiant Capital Markets&amp;nbsp;LLC ("Ascendiant"), whereby shares with a total value of up to $10.0&amp;nbsp;million may be released for sale to the public at the discretion of management at a price equal to the current market price in an "at-the-market" offering as defined in Rule 415 under the Securities Act of 1933. In December 2011, the Company received net proceeds of approximately $1.9&amp;nbsp;million raised through the sale of 697,470 shares. The sales agreement with Ascendiant expires in November 2014. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Stock-Based Compensation &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;During 2011 and 2010, the Company cancelled 37,422 and 16,329 shares of common stock, respectively, valued at approximately $78,000 and $49,000, respectively, in connection with its obligation to holders of restricted stock to withhold the number of shares required to satisfy the holders' tax liabilities in connection with the vesting of such shares. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company is incorporated in the state of Delaware, and as such, is subject to various state laws which may restrict the payment of dividends or purchase of treasury shares. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company has stock-based compensation awards outstanding pursuant to the Amended and Restated 2000 Equity Incentive Plan (the "2000 Plan") and the Amended and Restated 2006 Equity Incentive Plan (the "2006 Plan"), under which a variety of option and direct stock-based awards may be granted to employees and nonemployees of the Company. Further grants under the 2000 Plan were suspended upon the adoption of the 2006 Plan. In addition to awards made pursuant to the 2006 Plan, the Company periodically issues inducement grants outside the 2006 Plan to certain new hires. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;Subject to certain adjustments, as of December&amp;nbsp;31, 2011, the Company was authorized to issue a maximum of 4,205,566 shares of common stock pursuant to awards under the 2006 Plan. That maximum number will automatically increase on the first day of each subsequent calendar year by the lesser of (i)&amp;nbsp;5.0% of the number of shares of common stock that are issued and outstanding as of the first day of the calendar year, and (ii)&amp;nbsp;1,200,000 shares of common stock, subject to adjustment for certain corporate actions. At December&amp;nbsp;31, 2011, the Company had 149,590 shares available for grant under the 2006 Plan. At December&amp;nbsp;31, 2011, an additional 170,000 shares were reserved for issuance upon exercise of inducement grants. Options granted under the 2000 Plan, the 2006 Plan and outside the equity incentive plans primarily vest at a rate of at least 25% per year over four years and expire 10&amp;nbsp;years from the date of grant. Restricted stock awards vest in eight equal increments at intervals of approximately six months from the date of grant. &lt;/font&gt;&lt;/p&gt;&lt;a name="page_fu45603_1_35"&gt; &lt;/a&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;A summary of the Company's common stock option activity is presented below (shares in thousands): &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 80%; padding-right: 0pt; margin-left: 10%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="69"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="47"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="56"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="69"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="11" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Options Outstanding &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Number of&lt;br /&gt;Shares&lt;br /&gt;(in thousands) &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Weighted-&lt;br /&gt;Average&lt;br /&gt;Exercise&lt;br /&gt;Price &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Weighted-&lt;br /&gt;Average&lt;br /&gt;Remaining&lt;br /&gt;Contractual&lt;br /&gt;Life&lt;br /&gt;(in years) &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Aggregate&lt;br /&gt;Intrinsic&lt;br /&gt;Value&lt;br /&gt;(in thousands) &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Options outstanding&amp;#8212;January&amp;nbsp;2, 2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;4,298&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;2.41&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Options granted&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;868&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;3.12&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Options exercised&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(84&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;0.96&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Options cancelled&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(448&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;2.48&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Options outstanding&amp;#8212;January&amp;nbsp;1, 2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;4,634&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;2.57&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="margin-top: 12pt; text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Options granted&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;&lt;br /&gt;1,455&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;&lt;br /&gt;2.21&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Options exercised&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(435&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;0.47&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Options cancelled&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;(286&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;2.89&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Options outstanding&amp;#8212;December&amp;nbsp;31, 2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;5,368&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;2.62&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;6.1&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;4,031&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="white"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Options exercisable&amp;#8212;December&amp;nbsp;31, 2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;3,570&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;2.89&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;4.7&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;3,052&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Options exercisable and expected to vest&amp;#8212;December&amp;nbsp;31, 2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;5,117&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;2.65&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;5.9&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" align="right"&gt;&lt;font class="_mt" size="2"&gt;3,924&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The following table summarizes information about stock options outstanding and exercisable at December&amp;nbsp;31, 2011: &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 54%; padding-right: 0pt; margin-left: 10%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="150%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="69"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="56"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="44"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="69"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="56"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="44"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="8" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Options Outstanding &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="8" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Options Exercisable &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" nowrap="nowrap" align="left"&gt;

&lt;div style="border-bottom: #000000 1pt solid; width: 75pt; margin-bottom: 0pt;"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Exercise Price Range &lt;/b&gt;&lt;/font&gt;&lt;/div&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Number of&lt;br /&gt;shares&lt;br /&gt;(in thousands) &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Weighted&lt;br /&gt;Average&lt;br /&gt;Remaining&lt;br /&gt;Contractual&lt;br /&gt;Life&lt;br /&gt;(in years) &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Weighted&lt;br /&gt;Average&lt;br /&gt;Exercise&lt;br /&gt;Price &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Number of&lt;br /&gt;shares&lt;br /&gt;(in thousands) &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Weighted&lt;br /&gt;Average&lt;br /&gt;Remaining&lt;br /&gt;Contractual&lt;br /&gt;Life&lt;br /&gt;(in years) &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Weighted&lt;br /&gt;Average&lt;br /&gt;Exercise&lt;br /&gt;Price &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;$0.20 - $1.00&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,395&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;3.9&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;0.29&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,127&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;3.1&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;0.29&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;$1.01 - $3.00&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;2,753&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;7.6&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;2.19&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,336&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;5.9&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;2.19&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;$3.01 - $5.00&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;275&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;7.2&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;3.85&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;181&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;6.6&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;3.87&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;$5.01 - $8.45&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;945&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;4.7&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;6.96&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;926&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;4.7&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;6.97&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;5,368&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;6.1&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;2.62&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;3,570&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;4.7&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;2.89&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;&lt;a name="page_fu45603_1_36"&gt; &lt;/a&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;A summary of the Company's restricted stock awards is presented below (shares in thousands): &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="51"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="54"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Restricted Stock&lt;br /&gt;Outstanding &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Number of&lt;br /&gt;Shares &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Weighted-&lt;br /&gt;Average&lt;br /&gt;Grant-Date&lt;br /&gt;Fair Value&lt;br /&gt;per Share &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Balance outstanding at January&amp;nbsp;2, 2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Restricted stock granted&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;528&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;3.46&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Restricted stock vested&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(67&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;3.45&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Restricted stock forfeited&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(35&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;3.45&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Balance outstanding at January&amp;nbsp;1, 2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;426&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;3.46&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Restricted stock granted&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;24&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1.51&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Restricted stock vested&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(118&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;3.47&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Restricted stock forfeited&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(13&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;3.31&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Balance outstanding at December&amp;nbsp;31, 2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;319&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;3.32&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The following table presents details of the assumptions used to calculate the weighted-average grant date fair value of common stock options granted by the Company: &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="64"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="50"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;December&amp;nbsp;31,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;January&amp;nbsp;1,&lt;br /&gt;2011 &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Expected term (in years)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;6.0&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;5.6&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Expected volatility&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;135&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;143&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Risk-free interest rate&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;2.12&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1.95&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;%&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Expected dividends&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Weighted-average grant date fair value per share&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;2.01&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;2.84&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Grant date fair value of options vested&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,269&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1,931&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Intrinsic value of options exercised (in thousands)&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;960&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;259&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The weighted-average fair value per share of the restricted stock granted in 2011 and 2010 was calculated based on the fair market value of the Company's common stock on the respective grant dates. The grant date fair value of restricted stock vested was $0.2&amp;nbsp;million in both 2011 and 2010. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;At December&amp;nbsp;31, 2011, the amount of unearned stock-based compensation currently estimated to be expensed from 2012 through 2015 related to unvested common stock options and restricted stock awards is approximately $3.6&amp;nbsp;million, net of estimated forfeitures. The weighted-average period over which the unearned stock-based compensation is expected to be recognized is approximately 2.8&amp;nbsp;years. If there are any modifications or cancellations of the underlying unvested awards, the Company may be required to accelerate, increase or cancel any remaining unearned stock-based compensation expense or calculate and record additional expense. Future stock-based compensation expense and unearned stock-based compensation will increase to the extent that the Company grants additional common stock options or other stock-based awards. &lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;i&gt;Warrants &lt;/i&gt;&lt;/font&gt;&lt;/p&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;The Company has issued warrants to purchase shares of its common stock to certain non-employees for services rendered or to be rendered in the future. Such warrants are issued outside of the 2000 Plan and 2006 Plan. A summary of the warrant activity is presented below: &lt;/font&gt;&lt;/p&gt;

&lt;div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;"&gt;

&lt;p style="font-family: times;"&gt; &lt;/p&gt;

&lt;div align="center"&gt;

&lt;table border="0" cellspacing="0" cellpadding="0" width="100%"&gt;
&lt;tr&gt;&lt;td style="font-family: times;"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="69"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="7" align="right"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="47"&gt; &lt;/td&gt;
&lt;td style="font-family: times;" width="12"&gt; &lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="bottom"&gt;&lt;td style="font-family: times;" align="left"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;br /&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Number of&lt;br /&gt;Shares&lt;br /&gt;(in thousands) &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"&gt;&lt;font class="_mt" size="1"&gt;&lt;b&gt;Weighted-&lt;br /&gt;Average&lt;br /&gt;Exercise&lt;br /&gt;Price &lt;/b&gt;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;"&gt;&lt;font class="_mt" size="1"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Warrants outstanding&amp;#8212;January&amp;nbsp;2, 2010&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;18&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1.25&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="white"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Warrants exercised&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;(18&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;)&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;1.25&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;
&lt;tr valign="top" bgcolor="#cceeff"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;

&lt;p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"&gt;&lt;font class="_mt" size="2"&gt; &lt;/font&gt;&lt;font class="_mt" size="2"&gt;Warrants outstanding&amp;#8212;January&amp;nbsp;1, 2011&lt;/font&gt;&lt;/p&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;$&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom" align="right"&gt;&lt;font class="_mt" size="2"&gt;&amp;#8212;&lt;/font&gt;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&lt;/font&gt;&lt;/td&gt;&lt;/tr&gt;
&lt;tr style="font-size: 1.5pt;" valign="top"&gt;&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right"&gt;&amp;nbsp;&lt;/td&gt;
&lt;td style="font-family: times;" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt;&lt;/div&gt;&lt;/div&gt;

&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;There were no warrants issued, exercised or cancelled in the year ended December&amp;nbsp;31, 2011. Warrants outstanding at January&amp;nbsp;2, 2010 were classified as equity. Upon the exercise of warrants in 2010, the Company issued new shares from its authorized shares.&lt;/font&gt;&lt;/p&gt; &lt;/div&gt;</us-gaap:StockholdersEquityNoteDisclosureTextBlock>
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  <us-gaap:StockIssuedDuringPeriodValueNewIssues contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">16210000</us-gaap:StockIssuedDuringPeriodValueNewIssues>
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  <us-gaap:StockIssuedDuringPeriodValueNewIssues contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">1891000</us-gaap:StockIssuedDuringPeriodValueNewIssues>
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  <us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">81000</us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised>
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  <us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">203000</us-gaap:StockIssuedDuringPeriodValueStockOptionsExercised>
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  <us-gaap:StockRepurchasedDuringPeriodValue contextRef="Duration_1_3_2010_To_1_1_2011" unitRef="Unit12" decimals="-3">49000</us-gaap:StockRepurchasedDuringPeriodValue>
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  <us-gaap:StockRepurchasedDuringPeriodValue contextRef="Duration_1_2_2011_To_12_31_2011" unitRef="Unit12" decimals="-3">78000</us-gaap:StockRepurchasedDuringPeriodValue>
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&lt;p style="font-family: times;"&gt;&lt;font class="_mt" size="2"&gt;&lt;b&gt;Note 14&amp;#8212;Subsequent Events &lt;/b&gt;&lt;/font&gt;&lt;/p&gt;

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Amounts include stock-based compensation expense as follows:




















 Cost of sales

$
79

$
42



 Research and development


600


357



 Selling, general and administrative


941


1,083
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<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>11
<FILENAME>nlst-20111231_lab.xml
<DESCRIPTION>EX-101.LAB
<TEXT>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_StatementOfFinancialPositionAbstract_lbl" />
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsAbstract" xlink:to="us-gaap_AssetsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsAbstract_lbl" xml:lang="en-US">Assets [Abstract]</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:to="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" />
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xml:lang="en-US">Cash and cash equivalents at end of year</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xml:lang="en-US">Cash and Cash Equivalents, at Carrying Value, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xml:lang="en-US">Cash equivalents</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_MarketableSecuritiesCurrent" xlink:label="us-gaap_MarketableSecuritiesCurrent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketableSecuritiesCurrent" xlink:to="us-gaap_MarketableSecuritiesCurrent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketableSecuritiesCurrent_lbl" xml:lang="en-US">Marketable Securities Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MarketableSecuritiesCurrent_lbl" xml:lang="en-US">Investments in marketable securities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_MarketableSecuritiesCurrent_lbl" xml:lang="en-US">Marketable Securities, Current, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_MarketableSecuritiesCurrent_lbl" xml:lang="en-US">Short-term marketable securities</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccountsReceivableNetCurrent" xlink:label="us-gaap_AccountsReceivableNetCurrent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsReceivableNetCurrent" xlink:to="us-gaap_AccountsReceivableNetCurrent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountsReceivableNetCurrent_lbl" xml:lang="en-US">Accounts Receivable, Net, Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccountsReceivableNetCurrent_lbl" xml:lang="en-US">Accounts receivable, net of allowance for doubtful accounts of $47 (2011) and $67 (2010)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_AccountsReceivableNetCurrent_lbl" xml:lang="en-US">Accounts Receivable, Net, Current, Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InventoryNet" xlink:label="us-gaap_InventoryNet" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryNet" xlink:to="us-gaap_InventoryNet_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InventoryNet_lbl" xml:lang="en-US">Inventory, Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InventoryNet_lbl" xml:lang="en-US">Inventories</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_InventoryNet_lbl" xml:lang="en-US">Inventories</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PrepaidExpenseCurrent" xlink:label="us-gaap_PrepaidExpenseCurrent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PrepaidExpenseCurrent" xlink:to="us-gaap_PrepaidExpenseCurrent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PrepaidExpenseCurrent_lbl" xml:lang="en-US">Prepaid Expense, Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PrepaidExpenseCurrent_lbl" xml:lang="en-US">Prepaid expenses and other current assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_PrepaidExpenseCurrent_lbl" xml:lang="en-US">Prepaid Expense, Current, Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="us-gaap_AssetsCurrent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsCurrent" xlink:to="us-gaap_AssetsCurrent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsCurrent_lbl" xml:lang="en-US">Assets, Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_AssetsCurrent_lbl" xml:lang="en-US">Total current assets</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PropertyPlantAndEquipmentNet" xlink:label="us-gaap_PropertyPlantAndEquipmentNet" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentNet" xlink:to="us-gaap_PropertyPlantAndEquipmentNet_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentNet_lbl" xml:lang="en-US">Property, Plant and Equipment, Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_PropertyPlantAndEquipmentNet_lbl" xml:lang="en-US">Property, Plant and Equipment, Net, Ending Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_PropertyPlantAndEquipmentNet_lbl" xml:lang="en-US">Property, Plant and Equipment, Net, Beginning Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PropertyPlantAndEquipmentNet_lbl" xml:lang="en-US">Property and equipment, net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_PropertyPlantAndEquipmentNet_lbl" xml:lang="en-US">Property, Plant and Equipment, Net, Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_MarketableSecuritiesNoncurrent" xlink:label="us-gaap_MarketableSecuritiesNoncurrent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketableSecuritiesNoncurrent" xlink:to="us-gaap_MarketableSecuritiesNoncurrent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketableSecuritiesNoncurrent_lbl" xml:lang="en-US">Marketable Securities, Noncurrent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MarketableSecuritiesNoncurrent_lbl" xml:lang="en-US">Long-term investments in marketable securities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_MarketableSecuritiesNoncurrent_lbl" xml:lang="en-US">Marketable Securities, Noncurrent, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_MarketableSecuritiesNoncurrent_lbl" xml:lang="en-US">Long-term marketable securities</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherAssetsNoncurrent" xlink:label="us-gaap_OtherAssetsNoncurrent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssetsNoncurrent" xlink:to="us-gaap_OtherAssetsNoncurrent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherAssetsNoncurrent_lbl" xml:lang="en-US">Other Assets, Noncurrent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherAssetsNoncurrent_lbl" xml:lang="en-US">Other assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OtherAssetsNoncurrent_lbl" xml:lang="en-US">Other Assets, Noncurrent, Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_Assets" xlink:label="us-gaap_Assets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="us-gaap_Assets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Assets_lbl" xml:lang="en-US">Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Assets_lbl" xml:lang="en-US">Total assets</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xml:lang="en-US">Liabilities and Stockholders' Equity [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xml:lang="en-US">LIABILITIES AND STOCKHOLDERS' EQUITY</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccountsPayableCurrent" xlink:label="us-gaap_AccountsPayableCurrent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsPayableCurrent" xlink:to="us-gaap_AccountsPayableCurrent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountsPayableCurrent_lbl" xml:lang="en-US">Accounts Payable, Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccountsPayableCurrent_lbl" xml:lang="en-US">Accounts payable</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_AccountsPayableCurrent_lbl" xml:lang="en-US">Accounts Payable, Current, Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EmployeeRelatedLiabilitiesCurrent" xlink:label="us-gaap_EmployeeRelatedLiabilitiesCurrent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EmployeeRelatedLiabilitiesCurrent" xlink:to="us-gaap_EmployeeRelatedLiabilitiesCurrent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EmployeeRelatedLiabilitiesCurrent_lbl" xml:lang="en-US">Employee-related Liabilities, Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EmployeeRelatedLiabilitiesCurrent_lbl" xml:lang="en-US">Accrued payroll and related liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_EmployeeRelatedLiabilitiesCurrent_lbl" xml:lang="en-US">Employee-related Liabilities, Current, Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccruedLiabilitiesCurrent" xlink:label="us-gaap_AccruedLiabilitiesCurrent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccruedLiabilitiesCurrent" xlink:to="us-gaap_AccruedLiabilitiesCurrent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccruedLiabilitiesCurrent_lbl" xml:lang="en-US">Accrued Liabilities, Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccruedLiabilitiesCurrent_lbl" xml:lang="en-US">Accrued expenses and other current liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_AccruedLiabilitiesCurrent_lbl" xml:lang="en-US">Accrued Liabilities, Current, Total</label>
    <loc xlink:type="locator" xlink:href="nlst-20111231.xsd#nlst_AccruedEngineeringCharges" xlink:label="nlst_AccruedEngineeringCharges" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nlst_AccruedEngineeringCharges" xlink:to="nlst_AccruedEngineeringCharges_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="nlst_AccruedEngineeringCharges_lbl" xml:lang="en-US">Accrued Engineering Charges</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="nlst_AccruedEngineeringCharges_lbl" xml:lang="en-US">Accrued Engineering Charges</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nlst_AccruedEngineeringCharges_lbl" xml:lang="en-US">Accrued engineering charges</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LongTermDebtCurrent" xlink:label="us-gaap_LongTermDebtCurrent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtCurrent" xlink:to="us-gaap_LongTermDebtCurrent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtCurrent_lbl" xml:lang="en-US">Long-term Debt, Current Maturities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_LongTermDebtCurrent_lbl" xml:lang="en-US">Less current portion</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongTermDebtCurrent_lbl" xml:lang="en-US">Current portion of long-term debt</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LongTermDebtCurrent_lbl" xml:lang="en-US">Long-term Debt, Current Maturities, Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesCurrent" xlink:label="us-gaap_LiabilitiesCurrent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesCurrent" xlink:to="us-gaap_LiabilitiesCurrent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesCurrent_lbl" xml:lang="en-US">Liabilities, Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LiabilitiesCurrent_lbl" xml:lang="en-US">Total current liabilities</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LongTermDebtNoncurrent" xlink:label="us-gaap_LongTermDebtNoncurrent" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtNoncurrent" xlink:to="us-gaap_LongTermDebtNoncurrent_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtNoncurrent_lbl" xml:lang="en-US">Long-term Debt, Excluding Current Maturities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongTermDebtNoncurrent_lbl" xml:lang="en-US">Long-term debt, net of current portion</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LongTermDebtNoncurrent_lbl" xml:lang="en-US">Long-term debt, noncurrent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_LongTermDebtNoncurrent_lbl" xml:lang="en-US">Long-term debt</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SalesRevenueNet_lbl" xml:lang="en-US">Sales Revenue, Net</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingExpensesAbstract_lbl" xml:lang="en-US">Operating Expenses [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OperatingExpensesAbstract_lbl" xml:lang="en-US">Operating expenses:</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ResearchAndDevelopmentExpense" xlink:label="us-gaap_ResearchAndDevelopmentExpense" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ResearchAndDevelopmentExpense" xlink:to="us-gaap_ResearchAndDevelopmentExpense_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ResearchAndDevelopmentExpense_lbl" xml:lang="en-US">Research and Development Expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ResearchAndDevelopmentExpense_lbl" xml:lang="en-US">Research and development</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ResearchAndDevelopmentExpense_lbl" xml:lang="en-US">Research and Development Expense, Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SellingGeneralAndAdministrativeExpense" xlink:label="us-gaap_SellingGeneralAndAdministrativeExpense" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SellingGeneralAndAdministrativeExpense" xlink:to="us-gaap_SellingGeneralAndAdministrativeExpense_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SellingGeneralAndAdministrativeExpense_lbl" xml:lang="en-US">Selling, General and Administrative Expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SellingGeneralAndAdministrativeExpense_lbl" xml:lang="en-US">Selling, general and administrative</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_SellingGeneralAndAdministrativeExpense_lbl" xml:lang="en-US">Selling, General and Administrative Expense, Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OperatingExpenses" xlink:label="us-gaap_OperatingExpenses" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingExpenses" xlink:to="us-gaap_OperatingExpenses_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingExpenses_lbl" xml:lang="en-US">Operating Expenses</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OperatingExpenses_lbl" xml:lang="en-US">Total operating expenses</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OperatingIncomeLoss" xlink:label="us-gaap_OperatingIncomeLoss" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingIncomeLoss" xlink:to="us-gaap_OperatingIncomeLoss_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OperatingIncomeLoss_lbl" xml:lang="en-US">Operating Income (Loss)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OperatingIncomeLoss_lbl" xml:lang="en-US">Operating loss</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NonoperatingIncomeExpenseAbstract" xlink:label="us-gaap_NonoperatingIncomeExpenseAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NonoperatingIncomeExpenseAbstract" xlink:to="us-gaap_NonoperatingIncomeExpenseAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NonoperatingIncomeExpenseAbstract_lbl" xml:lang="en-US">Nonoperating Income (Expense) [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NonoperatingIncomeExpenseAbstract_lbl" xml:lang="en-US">Other (expense) income:</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InterestIncomeExpenseNet" xlink:label="us-gaap_InterestIncomeExpenseNet" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestIncomeExpenseNet" xlink:to="us-gaap_InterestIncomeExpenseNet_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestIncomeExpenseNet_lbl" xml:lang="en-US">Interest Income (Expense), Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InterestIncomeExpenseNet_lbl" xml:lang="en-US">Interest expense, net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_InterestIncomeExpenseNet_lbl" xml:lang="en-US">Interest Income (Expense), Net, Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherNonoperatingIncome" xlink:label="us-gaap_OtherNonoperatingIncome" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherNonoperatingIncome" xlink:to="us-gaap_OtherNonoperatingIncome_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherNonoperatingIncome_lbl" xml:lang="en-US">Other Nonoperating Income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherNonoperatingIncome_lbl" xml:lang="en-US">Other (expense) income, net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OtherNonoperatingIncome_lbl" xml:lang="en-US">Total other (expense) income</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NonoperatingIncomeExpense" xlink:label="us-gaap_NonoperatingIncomeExpense" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NonoperatingIncomeExpense" xlink:to="us-gaap_NonoperatingIncomeExpense_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NonoperatingIncomeExpense_lbl" xml:lang="en-US">Nonoperating Income (Expense)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NonoperatingIncomeExpense_lbl" xml:lang="en-US">Total other (expense) income, net</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:to="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_lbl" xml:lang="en-US">Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Cumulative Effects of Changes in Accounting Principles, Noncontrolling Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_lbl" xml:lang="en-US">Loss before income tax benefit</label>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxExpenseBenefit" xlink:to="us-gaap_IncomeTaxExpenseBenefit_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xml:lang="en-US">Income Tax Expense (Benefit)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xml:lang="en-US">Income tax benefit</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xml:lang="en-US">Income Tax Expense (Benefit), Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="us-gaap_NetIncomeLoss" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLoss" xlink:to="us-gaap_NetIncomeLoss_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetIncomeLoss_lbl" xml:lang="en-US">Net Income (Loss) Attributable to Parent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetIncomeLoss_lbl" xml:lang="en-US">Net loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_NetIncomeLoss_lbl" xml:lang="en-US">Net loss</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="us-gaap_EarningsPerShareAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareAbstract" xlink:to="us-gaap_EarningsPerShareAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareAbstract_lbl" xml:lang="en-US">Earnings Per Share [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EarningsPerShareAbstract_lbl" xml:lang="en-US">Net loss per common share:</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EarningsPerShareBasicAndDiluted" xlink:label="us-gaap_EarningsPerShareBasicAndDiluted" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareBasicAndDiluted" xlink:to="us-gaap_EarningsPerShareBasicAndDiluted_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareBasicAndDiluted_lbl" xml:lang="en-US">Earnings Per Share, Basic and Diluted</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EarningsPerShareBasicAndDiluted_lbl" xml:lang="en-US">Basic and diluted</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_EarningsPerShareBasicAndDiluted_lbl" xml:lang="en-US">Earnings Per Share, Basic and Diluted, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_EarningsPerShareBasicAndDiluted_lbl" xml:lang="en-US">Net loss per share, basic and diluted</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xlink:to="us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_lbl" xml:lang="en-US">Weighted-average common shares outstanding:</label>
    <loc xlink:type="locator" xlink:href="nlst-20111231.xsd#nlst_WeightedAverageNumberOfShareOutstandingBasicAndDiluted" xlink:label="nlst_WeightedAverageNumberOfShareOutstandingBasicAndDiluted" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nlst_WeightedAverageNumberOfShareOutstandingBasicAndDiluted" xlink:to="nlst_WeightedAverageNumberOfShareOutstandingBasicAndDiluted_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="nlst_WeightedAverageNumberOfShareOutstandingBasicAndDiluted_lbl" xml:lang="en-US">The average number of shares or units issued and outstanding that are used in calculating basic and diluted EPS.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="nlst_WeightedAverageNumberOfShareOutstandingBasicAndDiluted_lbl" xml:lang="en-US">Weighted Average Number Of Share Outstanding Basic And Diluted</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nlst_WeightedAverageNumberOfShareOutstandingBasicAndDiluted_lbl" xml:lang="en-US">Basic and diluted</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="us-gaap_ShareBasedCompensation" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensation" xlink:to="us-gaap_ShareBasedCompensation_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensation_lbl" xml:lang="en-US">Stock-based Compensation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensation_lbl" xml:lang="en-US">Stock-based compensation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ShareBasedCompensation_lbl" xml:lang="en-US">Share-based compensation, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ShareBasedCompensation_lbl" xml:lang="en-US">Stock-based compensation expense</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract" xlink:label="us-gaap_StatementOfStockholdersEquityAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfStockholdersEquityAbstract" xlink:to="us-gaap_StatementOfStockholdersEquityAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfStockholdersEquityAbstract_lbl" xml:lang="en-US">Consolidated Statements Of Stockholders' Equity And Comprehensive Loss [Abstract]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="us-gaap_StatementEquityComponentsAxis" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementEquityComponentsAxis" xlink:to="us-gaap_StatementEquityComponentsAxis_lbl" />
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeMember_lbl" />
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SharesOutstanding_lbl" xml:lang="en-US">Shares, Outstanding</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_SharesOutstanding_lbl" xml:lang="en-US">Balance, shares</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue" xlink:to="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_lbl" xml:lang="en-US">Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_lbl" xml:lang="en-US">Stock-based compensation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue_lbl" xml:lang="en-US">Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition, Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:label="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation" xlink:to="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation_lbl" xml:lang="en-US">Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation_lbl" xml:lang="en-US">Stock-based compensation,shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation_lbl" xml:lang="en-US">Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures, Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" xlink:label="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised" xlink:to="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_lbl" xml:lang="en-US">Stock Issued During Period, Value, Stock Options Exercised</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised_lbl" xml:lang="en-US">Exercise of stock options</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised" xlink:to="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_lbl" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised_lbl" xml:lang="en-US">Exercise of stock options, shares</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockRepurchasedDuringPeriodValue" xlink:label="us-gaap_StockRepurchasedDuringPeriodValue" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRepurchasedDuringPeriodValue" xlink:to="us-gaap_StockRepurchasedDuringPeriodValue_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockRepurchasedDuringPeriodValue_lbl" xml:lang="en-US">Stock Repurchased During Period, Value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_StockRepurchasedDuringPeriodValue_lbl" xml:lang="en-US">Repurchase of common stock</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockRepurchasedDuringPeriodValue_lbl" xml:lang="en-US">Repurchase of common stock</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockRepurchasedDuringPeriodShares" xlink:label="us-gaap_StockRepurchasedDuringPeriodShares" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRepurchasedDuringPeriodShares" xlink:to="us-gaap_StockRepurchasedDuringPeriodShares_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockRepurchasedDuringPeriodShares_lbl" xml:lang="en-US">Stock Repurchased During Period, Shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_StockRepurchasedDuringPeriodShares_lbl" xml:lang="en-US">Repurchase of common stock, shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockRepurchasedDuringPeriodShares_lbl" xml:lang="en-US">Repurchase of common stock, shares</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments" xlink:label="us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments" xlink:to="us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments_lbl" xml:lang="en-US">Stock Issued During Period, Value, Conversion of Convertible Securities, Net of Adjustments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments_lbl" xml:lang="en-US">Exercise of warrants</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments_lbl" xml:lang="en-US">Stock Issued During Period, Value, Conversion of Convertible Securities, Net of Adjustments, Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" xlink:label="us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities" xlink:to="us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_lbl" xml:lang="en-US">Stock Issued During Period, Shares, Conversion of Convertible Securities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_lbl" xml:lang="en-US">Exercise of warrants, shares</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:to="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl" xml:lang="en-US">Stock Issued During Period, Value, New Issues</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues_lbl" xml:lang="en-US">Issuance of common stock</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:to="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl" xml:lang="en-US">Stock Issued During Period, Shares, New Issues</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues_lbl" xml:lang="en-US">Issuance of common stock, shares</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:to="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_lbl" xml:lang="en-US">Other Comprehensive Income (Loss), Net of Tax [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_lbl" xml:lang="en-US">Components of comprehensive loss:</label>
    <loc xlink:type="locator" xlink:href="nlst-20111231.xsd#nlst_ChangeInNetUnrealizedGainLossOnInvestments" xlink:label="nlst_ChangeInNetUnrealizedGainLossOnInvestments" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nlst_ChangeInNetUnrealizedGainLossOnInvestments" xlink:to="nlst_ChangeInNetUnrealizedGainLossOnInvestments_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="nlst_ChangeInNetUnrealizedGainLossOnInvestments_lbl" xml:lang="en-US">Change in net unrealized gain loss on investments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="nlst_ChangeInNetUnrealizedGainLossOnInvestments_lbl" xml:lang="en-US">Change in Net Unrealized Gain Loss on Investments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nlst_ChangeInNetUnrealizedGainLossOnInvestments_lbl" xml:lang="en-US">Change in net unrealized loss on investments</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease" xlink:to="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease_lbl" xml:lang="en-US">Other Comprehensive Income (Loss), Net of Tax</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease_lbl" xml:lang="en-US">Comprehensive loss</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease_lbl" xml:lang="en-US">Comprehensive loss</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="us-gaap_StatementOfCashFlowsAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_StatementOfCashFlowsAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfCashFlowsAbstract_lbl" xml:lang="en-US">Consolidated Statements Of Cash Flows [Abstract]</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US">Cash flows from operating activities:</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US">Adjustments to reconcile net loss to net cash used in operating activities:</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US">Adjustments to reconcile net loss to net cash used in operating activities:</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DepreciationDepletionAndAmortization" xlink:label="us-gaap_DepreciationDepletionAndAmortization" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepreciationDepletionAndAmortization" xlink:to="us-gaap_DepreciationDepletionAndAmortization_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DepreciationDepletionAndAmortization_lbl" xml:lang="en-US">Depreciation, Depletion and Amortization</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_DepreciationDepletionAndAmortization_lbl" xml:lang="en-US">Depreciation, Depletion and Amortization, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_DepreciationDepletionAndAmortization_lbl" xml:lang="en-US">Depreciation and amortization</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AmortizationOfDeferredLeasingFees" xlink:label="us-gaap_AmortizationOfDeferredLeasingFees" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfDeferredLeasingFees" xlink:to="us-gaap_AmortizationOfDeferredLeasingFees_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AmortizationOfDeferredLeasingFees_lbl" xml:lang="en-US">Amortization of Deferred Leasing Fees</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AmortizationOfDeferredLeasingFees_lbl" xml:lang="en-US">Amortization of deferred gain on sale and leaseback transaction</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_MarketableSecuritiesGainLoss" xlink:label="us-gaap_MarketableSecuritiesGainLoss" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketableSecuritiesGainLoss" xlink:to="us-gaap_MarketableSecuritiesGainLoss_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MarketableSecuritiesGainLoss_lbl" xml:lang="en-US">Marketable Securities, Realized Gain (Loss)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_MarketableSecuritiesGainLoss_lbl" xml:lang="en-US">Realized loss on sale of investments in marketable securities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MarketableSecuritiesGainLoss_lbl" xml:lang="en-US">Loss on sale of investments in marketable securities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_MarketableSecuritiesGainLoss_lbl" xml:lang="en-US">Marketable Securities, Realized Gain (Loss), Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProvisionForDoubtfulAccounts" xlink:label="us-gaap_ProvisionForDoubtfulAccounts" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProvisionForDoubtfulAccounts" xlink:to="us-gaap_ProvisionForDoubtfulAccounts_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProvisionForDoubtfulAccounts_lbl" xml:lang="en-US">Provision for Doubtful Accounts</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ProvisionForDoubtfulAccounts_lbl" xml:lang="en-US">Provision for bad debts</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:to="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_lbl" xml:lang="en-US">Changes in operating assets and liabilities:</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:to="us-gaap_IncreaseDecreaseInAccountsReceivable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable_lbl" xml:lang="en-US">Increase (Decrease) in Accounts Receivable</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable_lbl" xml:lang="en-US">Accounts receivable</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable_lbl" xml:lang="en-US">Accounts receivable</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInInventories" xlink:label="us-gaap_IncreaseDecreaseInInventories" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInInventories" xlink:to="us-gaap_IncreaseDecreaseInInventories_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInInventories_lbl" xml:lang="en-US">Increase (Decrease) in Inventories</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInInventories_lbl" xml:lang="en-US">Inventories</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncreaseDecreaseInInventories_lbl" xml:lang="en-US">Increase (Decrease) in Inventories, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncreaseDecreaseInInventories_lbl" xml:lang="en-US">Inventories</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:label="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets" xlink:to="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_lbl" xml:lang="en-US">Increase (Decrease) in Prepaid, Deferred Expense and Other Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_lbl" xml:lang="en-US">Prepaid expenses and other current assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_lbl" xml:lang="en-US">Increase (Decrease) in Prepaid, Deferred Expense and Other Assets, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets_lbl" xml:lang="en-US">Prepaid expenses and other current assets</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingAssets" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOtherOperatingAssets" xlink:to="us-gaap_IncreaseDecreaseInOtherOperatingAssets_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingAssets_lbl" xml:lang="en-US">Increase (Decrease) in Other Operating Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingAssets_lbl" xml:lang="en-US">Other assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingAssets_lbl" xml:lang="en-US">Increase (Decrease) in Other Operating Assets, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingAssets_lbl" xml:lang="en-US">Other assets</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayable" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayable" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccountsPayable" xlink:to="us-gaap_IncreaseDecreaseInAccountsPayable_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayable_lbl" xml:lang="en-US">Increase (Decrease) in Accounts Payable</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayable_lbl" xml:lang="en-US">Increase (Decrease) in Accounts Payable, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayable_lbl" xml:lang="en-US">Accounts payable</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities" xlink:label="us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities" xlink:to="us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities_lbl" xml:lang="en-US">Increase (Decrease) in Employee Related Liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities_lbl" xml:lang="en-US">Increase (Decrease) in Employee Related Liabilities, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities_lbl" xml:lang="en-US">Accrued payroll and related liabilities</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedLiabilities" xlink:label="us-gaap_IncreaseDecreaseInAccruedLiabilities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccruedLiabilities" xlink:to="us-gaap_IncreaseDecreaseInAccruedLiabilities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInAccruedLiabilities_lbl" xml:lang="en-US">Increase (Decrease) in Accrued Liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncreaseDecreaseInAccruedLiabilities_lbl" xml:lang="en-US">Accured expenses and other current liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncreaseDecreaseInAccruedLiabilities_lbl" xml:lang="en-US">Increase (Decrease) in Accrued Liabilities, Total</label>
    <loc xlink:type="locator" xlink:href="nlst-20111231.xsd#nlst_IncreaseDecreaseInAccruedEngineeringCharges" xlink:label="nlst_IncreaseDecreaseInAccruedEngineeringCharges" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="nlst_IncreaseDecreaseInAccruedEngineeringCharges" xlink:to="nlst_IncreaseDecreaseInAccruedEngineeringCharges_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="nlst_IncreaseDecreaseInAccruedEngineeringCharges_lbl" xml:lang="en-US">Increase Decrease in Accrued Engineering Charges</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="nlst_IncreaseDecreaseInAccruedEngineeringCharges_lbl" xml:lang="en-US">Increase Decrease in Accrued Engineering Charges</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="nlst_IncreaseDecreaseInAccruedEngineeringCharges_lbl" xml:lang="en-US">Accrued engineering charges</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xml:lang="en-US">Net Cash Provided by (Used in) Operating Activities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities_lbl" xml:lang="en-US">Net cash used in operating activities</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_lbl" xml:lang="en-US">Cash flows from investing activities:</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment" xlink:to="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_lbl" xml:lang="en-US">Payments to Acquire Property, Plant, and Equipment</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_lbl" xml:lang="en-US">Acquisition of property and equipment</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_lbl" xml:lang="en-US">Payments to Acquire Property, Plant, and Equipment, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_lbl" xml:lang="en-US">Acquisition of property and equipment</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsToAcquireMarketableSecurities" xlink:label="us-gaap_PaymentsToAcquireMarketableSecurities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireMarketableSecurities" xlink:to="us-gaap_PaymentsToAcquireMarketableSecurities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquireMarketableSecurities_lbl" xml:lang="en-US">Payments to Acquire Marketable Securities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_PaymentsToAcquireMarketableSecurities_lbl" xml:lang="en-US">Purchase of investments in marketable securities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_PaymentsToAcquireMarketableSecurities_lbl" xml:lang="en-US">Payments to Acquire Marketable Securities, Total</label>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities" xlink:label="us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities" />
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities" xlink:to="us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_lbl" />
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_lbl" xml:lang="en-US">Proceeds from Sale and Maturity of Marketable Securities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_lbl" xml:lang="en-US">Proceeds from Sale and Maturity of Marketable Securities, Total</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities_lbl" xml:lang="en-US">Proceeds from maturities and sales of investments in marketable securities</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="nlst_SupplementalFinancialInformationAbstract_lbl" xml:lang="en-US">Supplemental Financial Information [Abstract]</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="nlst_SupplementalFinancialInformationTextBlock_lbl" xml:lang="en-US">Supplemental Financial Information</label>
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          <div style="width: 200px;"><strong>Summary Of Significant Accounting Policies<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
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          <div>Dec. 31, 2011</div>
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        <td class="text">&#xA0;<span></span></td>
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        <td class="text"><div> <p style="font-family: times;"><font class="_mt" size="2"><b>Note 2&#8212;Summary of Significant Accounting Policies </b></font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Basis of Presentation </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S."). </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Principles of Consolidation </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The consolidated financial statements include the accounts of Netlist,&nbsp;Inc. and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Fiscal Year </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company operates under a <sup>52</sup>/<small>53</small>-week fiscal year ending on the Saturday closest to December&nbsp;31. The 2011 and 2010 fiscal years ended on December&nbsp;31, 2011 and January&nbsp;1, 2011, respectively. Fiscal years 2011 and 2010 each consisted of 52&nbsp;weeks. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Reclassifications </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain amounts in the 2010 consolidated financial statements have been reclassified to conform to the current year presentation. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Use of Estimates </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of net sales and expenses during the reporting period. By their nature, these estimates and assumptions are subject to an inherent degree of uncertainty. </font></p><a name="page_fo45603_1_8"> </a>

<p style="font-family: times;"><font class="_mt" size="2">Significant estimates made by management include, among others, provisions for uncollectible receivables and sales returns, warranty liabilities, valuation of inventories, fair value of financial instruments, impairment of long-lived assets, stock-based compensation expense and realization of deferred tax assets. The Company bases its estimates on historical experience, knowledge of current conditions and our belief of what could occur in the future considering available information. The Company reviews its estimates on an on-going basis. The actual results experienced by the Company may differ materially and adversely from its estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Revenue Recognition </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company's revenues primarily consist of product sales of high performance memory subsystems to original equipment manufacturers ("OEMs"). Revenues also include sales of excess inventories to distributors and other users of memory integrated circuits ("ICs"), totaling less than 1% of net revenues in 2011 and 2010. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company recognizes revenues in accordance with the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 605. Accordingly, the Company recognizes revenues when there is persuasive evidence that an arrangement exists, product delivery and acceptance have occurred, the sales price is fixed or determinable, and collectibility of the resulting receivable is reasonably assured. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company generally uses customer purchase orders and/or contracts as evidence of an arrangement. Delivery occurs when goods are shipped for customers with shipping point terms and upon receipt for customers with destination terms, at which time title and risk of loss transfer to the customer. Shipping documents are used to verify delivery and customer acceptance. The Company assesses whether the sales price is fixed or determinable based on the payment terms associated with the transaction and whether the sales price is subject to refund. Customers are generally allowed limited rights of return for up to 30&nbsp;days, except for sales of excess component inventories, which contain no right-of-return privileges. Estimated returns are provided for at the time of sale based on historical experience or specific identification of an event necessitating a reserve. The Company offers a standard product warranty to our customers and has no other post-shipment obligations. The Company assesses collectibility based on the creditworthiness of the customer as determined by credit checks and evaluations, as well as the customer's payment history. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All amounts billed to customers related to shipping and handling are classified as revenues, while all costs incurred by the Company for shipping and handling are classified as cost of sales. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Cash and Cash Equivalents </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents consist of cash and short-term investments with original maturities of three months or less, other than short-term investments in securities that lack an active market. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Investments in Marketable Securities </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company accounts for its investments in marketable securities in accordance with ASC Topic&nbsp;320. The Company determines the appropriate classification of its investments at the time of </font><font class="_mt" size="2">purchase and reevaluates such designation at each balance sheet date. The Company's investments in marketable securities have been classified and accounted for as available-for-sale based on management's investment intentions relating to these securities. Available-for-sale securities are stated at fair value, generally based on market quotes, to the extent they are available. Unrealized gains and losses, net of applicable deferred taxes, are recorded as a component of other comprehensive income (loss). Realized gains and losses and declines in value judged to be other than temporary are determined based on the specific identification method and are reported in other income, net in the consolidated statements of operations. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company generally invests its excess cash in domestic bank-issued certificates of deposit which carry federal deposit insurance, money market funds and highly liquid debt instruments of U.S. municipalities, corporations and the U.S. government and its agencies. All highly liquid investments with stated maturities of three months or less from the date of purchase are classified as cash equivalents; all investments with stated maturities of greater than three months are classified as investments in marketable securities. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Fair Value of Financial Instruments </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company's financial instruments consist principally of cash and cash equivalents, investments in marketable securities, accounts receivable, accounts payable, accrued expenses and debt instruments. Other than for certain investments in auction rate securities and short-term corporate bonds (see Note&nbsp;4), the fair value of the Company's cash equivalents and investments in marketable securities is determined based on quoted prices in active markets for identical assets or Level&nbsp;1 inputs. Because of their short-term nature, short-term corporate bonds are not frequently traded. Although there are observable quotes for these securities, the markets are not considered active. Accordingly, the fair values of these investments are based on Level&nbsp;2 inputs. The Company recognizes transfers between Levels&nbsp;1 through 3 of the fair value hierarchy at the beginning of the reporting period. The Company believes that the carrying values of all other financial instruments approximate their current fair values due to their nature and respective durations. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Allowance for Doubtful Accounts </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company evaluates the collectibility of accounts receivable based on a combination of factors. In cases where the Company is aware of circumstances that may impair a specific customer's ability to meet its financial obligations subsequent to the original sale, the Company will record an allowance against amounts due, and thereby reduce the net recognized receivable to the amount the Company reasonably believes will be collected. For all other customers, the Company records allowances for doubtful accounts based primarily on the length of time the receivables are past due based on the terms of the originating transaction, the current business environment and its historical experience. Uncollectible accounts are charged against the allowance for doubtful accounts when all cost effective commercial means of collection have been exhausted. </font></p><a name="page_fo45603_1_10"> </a>

<p style="font-family: times;"><font class="_mt" size="2"><i>Concentration of Credit Risk </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents, investments in marketable securities, and accounts receivable. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company invests its cash equivalents primarily in money market mutual funds. Cash equivalents are maintained with high quality institutions, the composition and maturities of which are regularly monitored by management. The Company had $0.5&nbsp;million of FDIC insured cash and cash equivalents at December&nbsp;31, 2011. Investments in marketable securities are generally in high-credit quality debt instruments. Such investments are made only in instruments issued or enhanced by high-quality institutions. The Company has not realized any credit losses related to these investments. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company's trade accounts receivable are primarily derived from sales to OEMs&nbsp;in the computer industry (see Note 12). The Company performs credit evaluations of its customers' financial condition and limits the amount of credit extended when deemed necessary, but generally requires no collateral. Credit quality is monitored by evaluation of credit scores and collection history. The Company believes that the concentration of credit risk in its trade receivables is moderated by its credit evaluation process, relatively short collection terms, the high level of credit worthiness of its customers, foreign credit insurance and letters of credit issued on the Company's behalf. Reserves are maintained for potential credit losses, and such losses historically have not been significant and have been within management's expectations. Potential credit losses are limited to the gross value of accounts receivable. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Inventories </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories are valued at the lower of actual cost to purchase or manufacture the inventory or the net realizable value of the inventory. Cost is determined on an average cost basis which approximates actual cost on a first-in, first-out basis and includes raw materials, labor and manufacturing overhead. At each balance sheet date, the Company evaluates its ending inventory quantities on hand and on order and records a provision for excess quantities and obsolescence. Among other factors, the Company considers historical demand and forecasted demand in relation to the inventory on hand, competitiveness of product offerings, market conditions and product life cycles when determining obsolescence and net realizable value. In addition, the Company considers changes in the market value of components in determining the net realizable value of its inventory. Provisions are made to reduce excess or obsolete inventories to their estimated net realizable values. Once established, write-downs are considered permanent adjustments to the cost basis of the excess or obsolete inventories. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Property and Equipment </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property and equipment are recorded at cost and depreciated on a straight-line basis over their estimated useful lives, which generally range from three to seven years. Leasehold improvements are recorded at cost and amortized on a straight-line basis over the shorter of their estimated useful lives or the remaining lease term. </font></p><a name="page_fo45603_1_11"> </a>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company evaluates the recoverability of the carrying value of long-lived assets held and used by the Company for impairment on at least an annual basis or whenever events or changes in circumstances indicate that their carrying value may not be recoverable. When such factors and circumstances exist, the Company compares the projected undiscounted future net cash flows associated with the related asset or group of assets over their estimated useful lives against their respective carrying amount. If the carrying value is determined not to be recoverable from future operating cash flows, the asset is deemed impaired and an impairment loss is recognized to the extent the carrying value exceeds the estimated fair value of the asset. The fair value of the asset or asset group is based on market value when available, or when unavailable, on discounted expected cash flows. The Company's management believes there is no impairment of long-lived assets as of December&nbsp;31, 2011. There can be no assurance, however, that market conditions will not change or demand for the Company's products will continue, which could result in future impairment of long-lived assets. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Warranty Reserve </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company offers product warranties generally ranging from one to three years, depending on the product and negotiated terms of any purchase agreements with customers. Such warranties require the Company to repair or replace defective product returned to the Company during such warranty period at no cost to the customer. Warranties are not offered on sales of excess component inventory. The Company records an estimate for warranty-related costs at the time of sale based on its historical and estimated product return rates and expected repair or replacement costs (see Note&nbsp;3). Such costs have historically been within management's expectations and the provisions established. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Stock-Based Compensation </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company accounts for equity issuances to non-employees in accordance with ASC Topic 505. All transactions in which goods or services are the consideration received for the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. The measurement date used to determine the fair value of the equity instrument issued is the earlier of the date on which the third-party performance is complete or the date on which it is probable that performance will occur. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In accordance with ASC Topic 718, employee and director stock-based compensation expense recognized during the period is based on the value of the portion of stock-based payment awards that is ultimately expected to vest during the period. Given that stock-based compensation expense recognized in the consolidated statements of operations is based on awards ultimately expected to vest, it has been reduced for estimated forfeitures. ASC Topic 718 requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. The Company's estimated average forfeiture rates are based on historical forfeiture experience and estimated future forfeitures. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The fair value of common stock option awards to employees and directors is calculated using the Black-Scholes option pricing model. The Black-Scholes model requires subjective assumptions regarding future stock price volatility and expected time to exercise, along with assumptions about the risk-free </font><font class="_mt" size="2">interest rate and expected dividends, all of which affect the estimated fair values of the Company's common stock option awards. The expected term of options granted is calculated as the average of the weighted vesting period and the contractual expiration date of the option. This calculation is based on the safe harbor method permitted by the SEC in instances where the vesting and exercise terms of options granted meet certain conditions and where limited historical exercise data is available. The expected volatility is based on the historical volatility of the Company's common stock. The risk-free rate selected to value any particular grant is based on the U.S. Treasury rate that corresponds to the expected term of the grant effective as of the date of the grant. The expected dividend assumption is based on the Company's history and management's expectation regarding dividend payouts. Compensation expense for common stock option awards with graded vesting schedules is recognized on a straight-line basis over the requisite service period for the last separately vesting portion of the award, provided that the accumulated cost recognized as of any date at least equals the value of the vested portion of the award. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company recognizes the fair value of restricted stock awards issued to employees and outside directors as stock-based compensation expense on a straight-line basis over the vesting period for the last separately vesting portion of the awards. Fair value is determined as the difference between the closing price of our common stock on the grant date and the purchase price of the restricted stock award, if any, reduced by expected forfeitures. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Income Taxes </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred tax assets and liabilities are recognized to reflect the estimated future tax effects, calculated at currently effective tax rates, of future deductible or taxable amounts attributable to events that have been recognized on a cumulative basis in the consolidated financial statements. A valuation allowance related to a net deferred tax asset is recorded when it is more likely than not that some portion of the deferred tax asset will not be realized. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASC Topic 740 prescribes a recognition threshold and measurement requirement for the financial statement recognition of a tax position that has been taken or is expected to be taken on a tax return and also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. Under ASC Topic 740 the Company may only recognize or continue to recognize tax positions that meet a "more likely than not" threshold. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Research and Development Expenses </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Research and development expenditures are expensed in the period incurred. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Collaborative Agreements </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In 2011, the Company entered into two memory technology Collaboration Agreements. The first agreement is a HyperCloud&#8482; Technology Collaboration Agreement (the "IBM Agreement") with International Business Machines ("IBM"). Under the IBM Agreement, IBM and the Company have agreed to cooperate with respect to the qualification of HyperCloud&#8482; technology for use with IBM servers and to engage in certain joint marketing efforts if qualification is achieved. IBM and the </font><font class="_mt" size="2">Company have agreed to commit resources and funds in support of these activities. The IBM Agreement is non-exclusive. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The second agreement is a Collaboration Agreement (the "HP Agreement") with Hewlett-Packard Company ("HP"). Under the HP Agreement, HP and the Company have agreed to cooperate with respect to the qualification of HyperCloud&#8482; technology for use with HP servers and to engage in certain joint marketing efforts if qualification is achieved. HP and the Company have agreed to commit resources and funds in support of these activities. The HP Agreement is exclusive for a period of time. HP and the Company agree to collaborate on the future use of HyperCloud&#8482; load reduction and rank multiplication technologies for next generation server memory for HP. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In 2011, the Company reimbursed IBM and HP $0.2&nbsp;million and $0.1&nbsp;million, respectively, for the cost of certain qualification activities. The payments are included in research and development expense in the accompanying consolidated statement of operations. The Company may be required to make additional payments to both IBM and HP for joint marketing activities if and when the HyperCloud&#8482; technology is qualified. The Company's net sales will be determined after deduction of such customer allowances, in accordance with ASC 605-50. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There can be no assurance that the efforts undertaken under either of the IBM or HP collaboration agreements will result in any new revenues for the Company. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Through 2011, the Company maintained a collaborative arrangement with a partner in order to develop products using certain of the Company's proprietary technology. Under the arrangement, the development partner was granted a non-exclusive license to specified intellectual property for exclusive use in the development and production of ASIC chipsets for the Company. Both the Company and the development partner provided engineering project management resources at their own expense. The development partner was entitled to non-recurring engineering fees based upon the achievement of development milestones, and to a minimum portion of the Company's purchasing allocations for the component. Expenses incurred and paid to the development partner, which were insignificant in 2011 and amounted to $0.3 million in 2010, are included in research and development expense in the accompanying consolidated statements of operations. As of December&nbsp;31, 2011, the operational and financial obligations under the agreement have been fulfilled. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Comprehensive Loss </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASC Topic 220 establishes standards for reporting and displaying comprehensive income (loss) and its components in the consolidated financial statements. Accumulated other comprehensive loss includes unrealized gains or losses on investments. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Risks and Uncertainties </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company has invested and expects to continue to invest a significant portion of its research and development budget into the design of ASIC devices, including the HyperCloud&#8482; memory subsystem. This new design and the products it is incorporated into are subject to increased risks as compared to the Company's existing products. The Company may be unable to achieve customer or market acceptance of the HyperCloud&#8482; memory subsystem or other new products, or achieve such acceptance in a timely manner. The Company has experienced a longer qualification cycle than </font><font class="_mt" size="2">anticipated with its HyperCloud&#8482; memory subsystems, and as of December 31, 2011 the product has not generated significant revenue relative to the Company's investment in the product. The Company has entered into collaborative agreements with both HP and IBM pursuant to which these OEMs have agreed to cooperate with the Company in efforts to qualify HyperCloud&#8482; for use in their respective products. If qualification is achieved by one or both of these OEMs, the qualifying OEM will engage with the Company in joint marketing and further product development efforts. The Company and each of the OEMs have committed financial and other resources toward the collaboration. There can be no assurance that the efforts undertaken pursuant to either of the collaborative agreements will result in any new revenues for the Company. Further delays or any failure in placing or qualifying this product with HP, IBM or other potential customers would adversely impact the Company's results of operations. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company's operations in the PRC are subject to various political, geographical and economic risks and uncertainties inherent to conducting business in the PRC. These include, but are not limited to, (i)&nbsp;potential changes in economic conditions in the region, (ii)&nbsp;managing a local workforce that may subject the Company to uncertainties or certain regulatory policies, (iii)&nbsp;changes in other policies of the Chinese governmental and regulatory agencies, and (iv)&nbsp;changes in the laws and policies of the U.S. government regarding the conduct of business in foreign countries, generally, or in the PRC, in particular. Additionally, the Chinese government controls the procedures by which its local currency, the Chinese Renminbi ("RMB"), is converted into other currencies and by which dividends may be declared or capital distributed for the purpose of repatriation of earnings and investments. If restrictions in the conversion of RMB or in the repatriation of earnings and investments through dividend and capital distribution restrictions are instituted, the Company's operations and operating results may be negatively impacted. Restricted net assets of our subsidiary in the PRC totaled $0.6&nbsp;million and $2.0&nbsp;million at December&nbsp;31, 2011 and January&nbsp;1, 2011, respectively. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Foreign Currency Remeasurement </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The functional currency of the Company's foreign subsidiary is the U.S. dollar. Local currency financial statements are remeasured into U.S. dollars at the exchange rate in effect as of the balance sheet date for monetary assets and liabilities and the historical exchange rate for nonmonetary assets and liabilities. Expenses are remeasured using the average exchange rate for the period, except items related to nonmonetary assets and liabilities, which are remeasured using historical exchange rates. All remeasurement gains and losses are included in determining net loss. Transaction gains and losses were not significant in 2011 and 2010. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Net Loss Per Share </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Basic net loss per share is calculated by dividing net loss by the weighted-average common shares outstanding during the year, excluding unvested shares issued pursuant to restricted share awards under the Company's share-based compensation plans. Diluted net loss per share is calculated by dividing the net loss by the weighted-average shares and dilutive potential common shares outstanding during the year. Dilutive potential shares consist of dilutive shares issuable upon the exercise or vesting of outstanding stock options and restricted stock awards, respectively, computed using the treasury stock </font><font class="_mt" size="2">method. In periods of losses, basic and diluted loss per share are the same, as the effect of stock options and unvested restricted share awards on loss per share is anti-dilutive. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>New Accounting Pronouncements </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In May 2011, the FASB issued Accounting Standards Update ("ASU") No.&nbsp;2011-4, Fair Value Measurement ("ASU 11-4"). ASU 11-4 amends existing guidance to achieve convergence in measurement and disclosure between U.S. Generally Accepted Accounting Standards ("GAAP") and International Financial Reporting Standards ("IFRS"). ASU 11-4 is effective for fiscal year 2012. The Company is currently evaluating the impact that ASU 11-4 will have on its consolidated financial statements. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In June 2011, the FASB issued ASU No.&nbsp;2011-5, Comprehensive Income ("ASU 11-5"). ASU 11-5 amends existing guidance to increase the prominence of items reported in other comprehensive income and to facilitate convergence of U.S.&nbsp;GAAP and IFRS. ASU 11-5 is effective for fiscal year 2012. The Company is currently evaluating the impact that ASU 11-4 will have on its consolidated financial statements.</font></p> </div><span></span></td>
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                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18743-107790<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18854-107790<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 22<br><br> -Paragraph 8<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18861-107790<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18780-107790<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6367646&amp;loc=d3e18726-107790<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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<p style="font-family: times;"><font class="_mt" size="2"><b>Note 1&#8212;Description of Business </b></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Netlist,&nbsp;Inc. (the "Company" or "Netlist") designs and manufactures a wide variety of high performance, logic-based memory subsystems for the global datacenter and high-performance computing and communications markets. The Company's memory subsystems consist of combinations of dynamic random access memory integrated circuits ("DRAM ICs" or "DRAM"), NAND flash memory ("NAND"), application-specific integrated circuits ("ASICs") and other components assembled on printed circuit boards ("PCBs"). Netlist primarily markets and sells its products to leading original equipment manufacturer ("OEM") customers. The Company's solutions are targeted at applications where memory plays a key role in meeting system performance requirements. The Company leverages a portfolio of proprietary technologies and design techniques, including efficient planar design, alternative packaging techniques and custom semiconductor logic, to deliver memory subsystems with high memory density, small form factor, high signal integrity, attractive thermal characteristics, reduced power consumption and low cost per bit. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Netlist was incorporated in June 2000 and is headquartered in Irvine, California. In 2007, the Company established a manufacturing facility in the People's Republic of China (the "PRC"), which became operational in July 2007 upon the successful qualification of certain key customers.</font></p></div> </div><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for the nature of an entity's business, the major products or services it sells or provides and its principal markets, including the locations of those markets. If the entity operates in more than one business, the disclosure also indicates the relative importance of its operations in each business and the basis for the determination (for example, assets, revenues, or earnings).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Name Statement of Position (SOP)<br><br> -Publisher AICPA<br><br> -Number 94-6<br><br> -Paragraph 10<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 275<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6927468&amp;loc=d3e6003-108592<br><br><br><br></p>
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<html>
  <head>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EQIAG">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>Consolidated Balance Sheets (USD $)<br>In Thousands, unless otherwise specified</strong></div>
        </th>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
        <th class="th">
          <div>Jan. 01, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsAbstract', window );"><strong>ASSETS</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
        <td class="nump">$ 10,535<span></span></td>
        <td class="nump">$ 14,210<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketableSecuritiesCurrent', window );">Investments in marketable securities</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">824<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsReceivableNetCurrent', window );">Accounts receivable, net of allowance for doubtful accounts of $47 (2011) and $67 (2010)</a></td>
        <td class="nump">11,399<span></span></td>
        <td class="nump">6,451<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryNet', window );">Inventories</a></td>
        <td class="nump">6,057<span></span></td>
        <td class="nump">4,509<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PrepaidExpenseCurrent', window );">Prepaid expenses and other current assets</a></td>
        <td class="nump">806<span></span></td>
        <td class="nump">1,396<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrent', window );">Total current assets</a></td>
        <td class="nump">28,797<span></span></td>
        <td class="nump">27,390<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentNet', window );">Property and equipment, net</a></td>
        <td class="nump">2,771<span></span></td>
        <td class="nump">4,077<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketableSecuritiesNoncurrent', window );">Long-term investments in marketable securities</a></td>
        <td class="nump">444<span></span></td>
        <td class="nump">890<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsNoncurrent', window );">Other assets</a></td>
        <td class="nump">161<span></span></td>
        <td class="nump">337<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total assets</a></td>
        <td class="nump">32,173<span></span></td>
        <td class="nump">32,694<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAndStockholdersEquityAbstract', window );"><strong>LIABILITIES AND STOCKHOLDERS' EQUITY</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsPayableCurrent', window );">Accounts payable</a></td>
        <td class="nump">6,155<span></span></td>
        <td class="nump">6,256<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeRelatedLiabilitiesCurrent', window );">Accrued payroll and related liabilities</a></td>
        <td class="nump">1,813<span></span></td>
        <td class="nump">1,762<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccruedLiabilitiesCurrent', window );">Accrued expenses and other current liabilities</a></td>
        <td class="nump">460<span></span></td>
        <td class="nump">369<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_nlst_AccruedEngineeringCharges', window );">Accrued engineering charges</a></td>
        <td class="nump">450<span></span></td>
        <td class="nump">638<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtCurrent', window );">Current portion of long-term debt</a></td>
        <td class="nump">2,144<span></span></td>
        <td class="nump">674<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrent', window );">Total current liabilities</a></td>
        <td class="nump">11,022<span></span></td>
        <td class="nump">9,699<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtNoncurrent', window );">Long-term debt, net of current portion</a></td>
        <td class="nump">1,118<span></span></td>
        <td class="nump">1,063<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherLiabilitiesNoncurrent', window );">Other liabilities</a></td>
        <td class="nump">94<span></span></td>
        <td class="nump">85<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Total liabilities</a></td>
        <td class="nump">12,234<span></span></td>
        <td class="nump">10,847<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommitmentsAndContingencies', window );">Commitments and contingencies</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityAbstract', window );"><strong>Stockholders' equity:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockValue', window );">Preferred stock, $0.001 par value-10,000 shares authorized; no shares issued and outstanding</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockValue', window );">Common stock, $0.001 par value-90,000 shares authorized; 26,390 (2011) and 25,284 (2010) shares issued and outstanding</a></td>
        <td class="nump">26<span></span></td>
        <td class="nump">25<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdditionalPaidInCapitalCommonStock', window );">Additional paid-in capital</a></td>
        <td class="nump">92,709<span></span></td>
        <td class="nump">89,074<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RetainedEarningsAccumulatedDeficit', window );">Accumulated deficit</a></td>
        <td class="num">(72,740)<span></span></td>
        <td class="num">(67,141)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax', window );">Accumulated other comprehensive loss</a></td>
        <td class="num">(56)<span></span></td>
        <td class="num">(111)<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Total stockholders' equity</a></td>
        <td class="nump">19,939<span></span></td>
        <td class="nump">21,847<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAndStockholdersEquity', window );">Total liabilities and stockholders' equity</a></td>
        <td class="nump">$ 32,173<span></span></td>
        <td class="nump">$ 32,694<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_nlst_AccruedEngineeringCharges">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Accrued Engineering Charges</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>nlst_AccruedEngineeringCharges</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>nlst_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsPayableCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 19<br><br><br><br> -Subparagraph a<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19(a))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AccountsPayableCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsReceivableNetCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 3<br><br><br><br> -Subparagraph a(1)<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 4<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.3-4)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AccountsReceivableNetCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccruedLiabilitiesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.20)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AccruedLiabilitiesCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 220<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 13<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e653-108580<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 130<br><br><br><br> -Paragraph 14, 17, 26<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 31<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Principles Board Opinion (APB)<br><br><br><br> -Number 12<br><br><br><br> -Paragraph 10<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name FASB Staff Position (FSP)<br><br><br><br> -Number FAS115-1/124-1<br><br><br><br> -Paragraph 15D<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 220<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 11<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e637-108580<br><br><br><br><br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Article 3<br><br><br><br><br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 220<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 14<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e681-108580<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdditionalPaidInCapitalCommonStock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 31<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.30(a)(1))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AdditionalPaidInCapitalCommonStock</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 7<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 12<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br> -Section S99<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Publisher FASB<br><br><br><br> -Paragraph 1<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Concepts (CON)<br><br><br><br> -Number 6<br><br><br><br> -Paragraph 25<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 18<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.18)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_Assets</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AssetsAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6801-107765<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Section 45<br><br><br><br> -SubTopic 10<br><br><br><br> -Topic 210<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6676-107765<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Paragraph 1<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 9<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.9)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6676-107765<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AssetsCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. Includes cash and cash equivalents associated with the entity's continuing operations. Excludes cash and cash equivalents associated with the disposal group (and discontinued operation).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 1<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 7<br><br><br><br> -Footnote 1<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3044-108585<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 8, 9<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6676-107765<br><br><br><br><br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Cash<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6506951<br><br><br><br><br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 7, 26<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Cash Equivalents<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6507016<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CashAndCashEquivalentsAtCarryingValue</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommitmentsAndContingencies">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 942<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.9-03.17)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 17<br><br><br><br> -Article 9<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 7<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 19<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 25<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 944<br><br><br><br> -SubTopic 210<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.7-03.(a),19)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879938&amp;loc=d3e572229-122910<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 450<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6952336&amp;loc=d3e14326-108349<br><br><br><br><br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 5<br><br><br><br> -Paragraph 8, 9<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.25)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CommitmentsAndContingencies</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 30<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CommonStockValue</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EmployeeRelatedLiabilitiesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.20)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_EmployeeRelatedLiabilitiesCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.6(a))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 330<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 35<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6386567&amp;loc=d3e3927-108312<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6676-107765<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_InventoryNet</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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              </div>
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          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Liabilities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19-26)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_Liabilities</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
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                    <td><strong> Period Type:</strong></td>
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        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesAndStockholdersEquity">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total of all Liabilities and Stockholders' Equity items (or Partners' Capital, as applicable), including the portion of equity attributable to noncontrolling interests, if any.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 32<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.32)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 7<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 25<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_LiabilitiesAndStockholdersEquity</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesAndStockholdersEquityAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_LiabilitiesAndStockholdersEquityAbstract</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 21<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.21)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_LiabilitiesCurrent</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total of the portions of the carrying amounts as of the balance sheet date of long-term debt, which may include notes payable, bonds payable, debentures, mortgage loans, and commercial paper, which are scheduled to be repaid within one year or the normal operating cycle, if longer, and after deducting unamortized discount or premiums, if any.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 19<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19,20)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_LongTermDebtCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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              </div>
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          </td>
        </tr>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LongTermDebtNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying values as of the balance sheet date of all long-term debt, which is debt initially having maturities due after one year from the balance sheet date or beyond the operating cycle, if longer, but excluding the portions thereof scheduled to be repaid within one year (current maturities) or the normal operating cycle, if longer, and after deducting unamortized discount or premiums, if any.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 22<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.22)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_LongTermDebtNoncurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MarketableSecuritiesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total debt and equity financial instruments including: (1) securities held-to-maturity, (2) trading securities, and (3) securities available-for-sale which are intended to be held for less than one year or the normal operating cycle, whichever is longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (f)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6676-107765<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 2<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.2)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 320<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6871852&amp;loc=d3e26626-111562<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_MarketableSecuritiesCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MarketableSecuritiesNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total debt and equity financial instruments including: (1) securities held-to-maturity and (2) securities available-for-sale that will be held for the long-term.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 115<br><br><br><br> -Paragraph 17<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.12)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 320<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6871852&amp;loc=d3e26626-111562<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_MarketableSecuritiesNoncurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
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          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssetsNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 17<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.17)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherAssetsNoncurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherLiabilitiesNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 24<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.24)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherLiabilitiesNoncurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 129<br><br><br><br> -Paragraph 2, 3, 4, 5, 6, 7, 8<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.3-04)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6959260&amp;loc=d3e187085-122770<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Principles Board Opinion (APB)<br><br><br><br> -Number 12<br><br><br><br> -Paragraph 10<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.28)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Article 3<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 5<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 29<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PreferredStockValue</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PrepaidExpenseCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (g)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6676-107765<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 340<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 05<br><br><br><br> -Paragraph 5<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6386993&amp;loc=d3e5879-108316<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 43<br><br><br><br> -Section A<br><br><br><br> -Paragraph 4<br><br><br><br> -Chapter 3<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Current Assets<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6509628<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6787-107765<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PrepaidExpenseCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PropertyPlantAndEquipmentNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.13)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 7<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 8<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 13<br><br><br><br> -Subparagraph a<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 12<br><br><br><br> -Paragraph 5<br><br><br><br> -Subparagraph b, c<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 360<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PropertyPlantAndEquipmentNet</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RetainedEarningsAccumulatedDeficit">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cumulative amount of the reporting entity's undistributed earnings or deficit.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.31(a)(3))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Principles Board Opinion (APB)<br><br><br><br> -Number 12<br><br><br><br> -Paragraph 10<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 31<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Article 3<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_RetainedEarningsAccumulatedDeficit</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquity">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29-31)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 51<br><br><br><br> -Paragraph A3<br><br><br><br> -Appendix A<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 29, 30, 31<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Staff Accounting Bulletin (SAB)<br><br><br><br> -Number Topic 4<br><br><br><br> -Section E<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 310<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (SAB TOPIC 4.E)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6228006&amp;loc=d3e74512-122707<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_StockholdersEquityAbstract</nobr></td>
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<DOCUMENT>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EMPCI">
      <tr>
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          <div style="width: 200px;"><strong>Consolidated Statements Of Stockholders' Equity And Comprehensive Loss (USD $)<br>In Thousands, unless otherwise specified</strong></div>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Balance at Jan. 02, 2010</a></td>
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        <td class="nump">$ 20<span></span></td>
        <td class="nump">$ 71,332<span></span></td>
        <td class="num">$ (52,026)<span></span></td>
        <td class="num">$ (57)<span></span></td>
        <td class="nump">$ 19,269<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesOutstanding', window );">Balance, shares at Jan. 02, 2010</a></td>
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        <td class="nump">20,111<span></span></td>
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        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue', window );">Stock-based compensation</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">1,482<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">1,482<span></span></td>
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      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation', window );">Stock-based compensation,shares</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">493<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised', window );">Exercise of stock options</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">81<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">81<span></span></td>
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      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised', window );">Exercise of stock options, shares</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">84<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockRepurchasedDuringPeriodValue', window );">Repurchase of common stock</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(49)<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(49)<span></span></td>
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      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockRepurchasedDuringPeriodShares', window );">Repurchase of common stock, shares</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(16)<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments', window );">Exercise of warrants</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">23<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">23<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities', window );">Exercise of warrants, shares</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump">18<span></span></td>
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        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump">5<span></span></td>
        <td class="nump">16,205<span></span></td>
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        <td class="nump">16,210<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesNewIssues', window );">Issuance of common stock, shares</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">4,594<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract', window );"><strong>Components of comprehensive loss:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_nlst_ChangeInNetUnrealizedGainLossOnInvestments', window );">Change in net unrealized loss on investments</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(54)<span></span></td>
        <td class="num">(54)<span></span></td>
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      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net loss</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(15,115)<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(15,115)<span></span></td>
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      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease', window );">Comprehensive loss</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(15,169)<span></span></td>
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      <tr class="rc">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Balance at Jan. 01, 2011</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump">25<span></span></td>
        <td class="nump">89,074<span></span></td>
        <td class="num">(67,141)<span></span></td>
        <td class="num">(111)<span></span></td>
        <td class="nump">21,847<span></span></td>
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      <tr class="rc">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesOutstanding', window );">Balance, shares at Jan. 01, 2011</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump">25,284<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue', window );">Stock-based compensation</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">1,620<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">1,620<span></span></td>
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      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation', window );">Stock-based compensation,shares</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">11<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised', window );">Exercise of stock options</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">203<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">203<span></span></td>
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      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised', window );">Exercise of stock options, shares</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">435<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockRepurchasedDuringPeriodValue', window );">Repurchase of common stock</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(78)<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(78)<span></span></td>
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      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockRepurchasedDuringPeriodShares', window );">Repurchase of common stock, shares</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(37)<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodValueNewIssues', window );">Issuance of common stock</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump">1<span></span></td>
        <td class="nump">1,890<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">1,891<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockIssuedDuringPeriodSharesNewIssues', window );">Issuance of common stock, shares</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">697<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract', window );"><strong>Components of comprehensive loss:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_nlst_ChangeInNetUnrealizedGainLossOnInvestments', window );">Change in net unrealized loss on investments</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">55<span></span></td>
        <td class="nump">55<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net loss</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(5,599)<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(5,599)<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease', window );">Comprehensive loss</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(5,544)<span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquity', window );">Balance at Dec. 31, 2011</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump">$ 26<span></span></td>
        <td class="nump">$ 92,709<span></span></td>
        <td class="num">$ (72,740)<span></span></td>
        <td class="num">$ (56)<span></span></td>
        <td class="nump">$ 19,939<span></span></td>
      </tr>
      <tr class="rc">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SharesOutstanding', window );">Balance, shares at Dec. 31, 2011</a></td>
        <td class="text">&nbsp;&nbsp;<span></span></td>
        <td class="nump">26,390<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_nlst_ChangeInNetUnrealizedGainLossOnInvestments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Change in net unrealized gain loss on investments.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>nlst_ChangeInNetUnrealizedGainLossOnInvestments</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>nlst_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the amount of recognized equity-based compensation during the period, that is, the amount recognized as expense in the income statement (or as asset if compensation is capitalized). Alternate captions include the words "stock-based compensation".</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 35<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415241&amp;loc=d3e4534-113899<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 20<br><br> -Section 55<br><br> -Paragraph 12<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6576910&amp;loc=d3e11149-113907<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 123R<br><br> -Paragraph 64<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 123R<br><br> -Paragraph A91<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 20<br><br> -Section 55<br><br> -Paragraph 13<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6576910&amp;loc=d3e11178-113907<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5047-113901<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 123R<br><br> -Paragraph 39<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.22)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.18)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph a<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e565-108580<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph A7<br><br> -Appendix A<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 130<br><br> -Paragraph 10, 15<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Other Comprehensive Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6519514<br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph d<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Emerging Issues Task Force (EITF)<br><br> -Number 87-21<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 12: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Net Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6518256<br><br><br><br>Reference 13: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.19)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 14: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 19<br><br><br><br>Reference 15: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28, 29, 30<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 16: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 20<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetIncomeLoss</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents Other Comprehensive Income or Loss, Net of Tax, for the period.  Includes deferred gains or losses on qualifying hedges, unrealized holding gains or losses on available-for-sale securities, minimum pension liability, and cumulative translation adjustment. While for technical reasons this element has no balance attribute, the default assumption is a credit balance consistent with its label.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 130<br><br> -Paragraph 22, 23, 24, 25<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 12<br><br> -Paragraph 10<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 8<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e599-108580<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 31<br><br> -Article 5<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph c(3)<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SharesOutstanding">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of shares issued and outstanding as of the balance sheet date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_SharesOutstanding</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockholdersEquity">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29-31)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph A3<br><br> -Appendix A<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30, 31<br><br> -Article 5<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 4<br><br> -Section E<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 310<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SAB TOPIC 4.E)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6228006&amp;loc=d3e74512-122707<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_StockholdersEquity</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of shares issued during the period as a result of the conversion of convertible securities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21475-112644<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 129<br><br> -Paragraph 4, 5<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 12<br><br> -Paragraph 10<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29-30)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6959260&amp;loc=d3e187085-122770<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30<br><br> -Article 5<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesNewIssues">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of new stock issued during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6959260&amp;loc=d3e187085-122770<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 12<br><br> -Paragraph 10<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_StockIssuedDuringPeriodSharesNewIssues</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of shares (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of any shares forfeited. Shares issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6959260&amp;loc=d3e187085-122770<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 12<br><br> -Paragraph 10<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 129<br><br> -Paragraph 5<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensation</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of share options (or share units) exercised during the current period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.28,29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (c)(1)(iv)(2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30<br><br> -Article 5<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6959260&amp;loc=d3e187085-122770<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net amount of stock issued during the period upon the conversion of convertible securities, net of adjustments (for example, to additional paid in capital) including the write-off of an equity component recognized to record the convertible debt instrument as two separate components - a debt component and an equity component. This item is meant to disclose the value of shares issued on conversion of convertible securities that were recorded as two separate (debt and equity) components.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodValueNewIssues">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6959260&amp;loc=d3e187085-122770<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 12<br><br> -Paragraph 10<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30, 31<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_StockIssuedDuringPeriodValueNewIssues</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Value stock issued during the period as a result of the exercise of stock options.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6959260&amp;loc=d3e187085-122770<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 12<br><br> -Paragraph 10<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29-31)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30, 31<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockRepurchasedDuringPeriodShares">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 12<br><br> -Paragraph 10<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 43<br><br> -Chapter 1<br><br> -Section B<br><br> -Paragraph 11A<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_StockRepurchasedDuringPeriodShares</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_StockRepurchasedDuringPeriodValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 29, 30, 31<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 12<br><br> -Paragraph 10<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 43<br><br> -Chapter 1<br><br> -Section B<br><br> -Paragraph 11A<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_StockRepurchasedDuringPeriodValue</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <link rel="StyleSheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script></head>
  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Quarterly Summary<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_QuarterlyFinancialInformationDisclosureAbstract', window );"><strong>Quarterly Summary [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_QuarterlyFinancialInformationTextBlock', window );">Quarterly Summary</a></td>
        <td class="text"><div> <p style="font-family: times;"><font class="_mt" size="2"><b>Note 15&#8212;Quarterly Summary (Unaudited, in thousands except share and per share data) </b></font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 80%; padding-right: 0pt; margin-left: 10%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="64"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="50"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="45"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="45"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="11" align="center"><font class="_mt" size="1"><b>Three Months Ended </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="1">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>December&nbsp;31,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>October&nbsp;1,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>July&nbsp;2,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>April&nbsp;2,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Net sales</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">16,381</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">16,347</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">16,001</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">12,000</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Cost of sales(1)</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">10,389</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">10,819</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">11,064</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">8,196</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Gross profit</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">5,992</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">5,528</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">4,937</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">3,804</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Operating expenses:</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Research and development(1)</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">3,502</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">3,983</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">3,755</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">3,684</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Selling, general and administrative(1)</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">2,694</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">2,511</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">2,583</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">2,917</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 30pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Total operating expenses</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">6,196</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">6,494</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">6,338</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">6,601</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Operating income (loss)</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(204</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(966</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(1,401</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(2,797</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Other income (expense):</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Interest income (expense), net</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(81</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(72</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(50</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(25</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Other expense, net</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">2</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">1</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(59</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 30pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Total other income (expense), net</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(79</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(71</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(109</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(25</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Income (loss) before provision (benefit) for income taxes</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(283</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(1,037</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(1,510</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(2,822</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Provision (benefit) for income taxes</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(56</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">2</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">1</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Net income (loss)</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(227</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(1,039</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(1,511</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(2,822</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Net income (loss) per common share:</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Basic and diluted</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(0.01</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(0.04</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(0.06</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(0.11</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Weighted-average common shares outstanding:</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Basic and diluted</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">28,306</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">25,029</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">24,988</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">24,881</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr></table></div></div><a name="page_fw45603_1_40"> </a>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 80%; padding-right: 0pt; margin-left: 10%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="56"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="50"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="45"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="45"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="11" align="center"><font class="_mt" size="1"><b>Three Months Ended </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="1">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Jaunuary 1,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>October&nbsp;2,<br />2010 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>July&nbsp;3,<br />2010 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>April&nbsp;3,<br />2010 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Net sales</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">10,096</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">10,565</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">9,304</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">7,890</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Cost of sales(1)</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">6,807</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">7,545</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">7,486</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">6,072</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Gross profit</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">3,289</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">3,020</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,818</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,818</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Operating expenses:</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Research and development(1)</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">3,606</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">4,958</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">3,190</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">3,008</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Selling, general and administrative(1)</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">2,878</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">2,986</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">2,607</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">2,570</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 30pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Total operating expenses</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">6,484</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">7,944</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">5,797</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">5,578</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Operating income (loss)</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(3,195</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(4,924</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(3,979</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(3,760</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Other income (expense):</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Interest income (expense), net</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(43</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(3</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">3</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Other expense, net</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">4</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">67</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 30pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Total other income (expense), net</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(43</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(3</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">7</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">68</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Income (loss) before provision (benefit) for income taxes</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(3,238</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(4,927</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(3,972</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(3,692</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Provision (benefit) for income taxes</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(1</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">12</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">2</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(727</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Net income (loss)</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(3,237</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(4,939</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(3,974</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(2,965</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Net income (loss) per common share:</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Basic and diluted</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(0.13</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(0.20</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(0.16</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(0.14</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Weighted-average common shares outstanding:</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Basic and diluted</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">25,188</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">24,799</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">24,780</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">20,688</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr></table></div></div>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each of the Company's quarters in fiscal 2011 and 2010 is comprised of 13&nbsp;weeks.</font></p> </div><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for the quarterly financial data in the annual financial statements.  The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 6<br><br> -Section G<br><br> -Subsection 1<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 270<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 12<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6372559&amp;loc=d3e725-108305<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 28<br><br> -Paragraph 23, 24<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 270<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 13<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6372559&amp;loc=d3e765-108305<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 28<br><br> -Paragraph 30<br><br> -Subparagraph a-j<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-K (SK)<br><br> -Number 229<br><br> -Section 302<br><br> -Paragraph a<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 270<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (a)-(j)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6952194&amp;loc=d3e1280-108306<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
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  <head>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EAPAG">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Consolidated Statements Of Cash Flows (USD $)<br>In Thousands, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="2">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
        <th class="th">
          <div>Jan. 01, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Cash flows from operating activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net loss</a></td>
        <td class="num">$ (5,599)<span></span></td>
        <td class="num">$ (15,115)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Adjustments to reconcile net loss to net cash used in operating activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DepreciationDepletionAndAmortization', window );">Depreciation and amortization</a></td>
        <td class="nump">2,242<span></span></td>
        <td class="nump">2,287<span></span></td>
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      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AmortizationOfDeferredLeasingFees', window );">Amortization of deferred gain on sale and leaseback transaction</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(108)<span></span></td>
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      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketableSecuritiesGainLoss', window );">Realized loss on sale of investments in marketable securities</a></td>
        <td class="nump">59<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProvisionForDoubtfulAccounts', window );">Provision for bad debts</a></td>
        <td class="nump">35<span></span></td>
        <td class="nump">35<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensation', window );">Stock-based compensation</a></td>
        <td class="nump">1,620<span></span></td>
        <td class="nump">1,482<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract', window );"><strong>Changes in operating assets and liabilities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccountsReceivable', window );">Accounts receivable</a></td>
        <td class="num">(4,983)<span></span></td>
        <td class="num">(2,213)<span></span></td>
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      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInInventories', window );">Inventories</a></td>
        <td class="num">(1,548)<span></span></td>
        <td class="num">(2,277)<span></span></td>
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      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets', window );">Prepaid expenses and other current assets</a></td>
        <td class="nump">759<span></span></td>
        <td class="num">(542)<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOtherOperatingAssets', window );">Other assets</a></td>
        <td class="nump">129<span></span></td>
        <td class="num">(116)<span></span></td>
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      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccountsPayable', window );">Accounts payable</a></td>
        <td class="num">(102)<span></span></td>
        <td class="nump">1,907<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities', window );">Accrued payroll and related liabilities</a></td>
        <td class="nump">51<span></span></td>
        <td class="nump">56<span></span></td>
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      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccruedLiabilities', window );">Accured expenses and other current liabilities</a></td>
        <td class="nump">101<span></span></td>
        <td class="num">(777)<span></span></td>
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      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_nlst_IncreaseDecreaseInAccruedEngineeringCharges', window );">Accrued engineering charges</a></td>
        <td class="num">(188)<span></span></td>
        <td class="num">(23)<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivities', window );">Net cash used in operating activities</a></td>
        <td class="num">(7,424)<span></span></td>
        <td class="num">(15,404)<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract', window );"><strong>Cash flows from investing activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment', window );">Acquisition of property and equipment</a></td>
        <td class="num">(744)<span></span></td>
        <td class="num">(942)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireMarketableSecurities', window );">Purchase of investments in marketable securities</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="num">(2,395)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities', window );">Proceeds from maturities and sales of investments in marketable securities</a></td>
        <td class="nump">1,264<span></span></td>
        <td class="nump">5,517<span></span></td>
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      <tr class="reu">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivities', window );">Net cash provided by investing activities</a></td>
        <td class="nump">520<span></span></td>
        <td class="nump">2,180<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract', window );"><strong>Cash flows from financing activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromLongTermLinesOfCredit', window );">Borrowings on lines of credit</a></td>
        <td class="nump">500<span></span></td>
        <td class="nump">4,000<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RepaymentsOfLongTermLinesOfCredit', window );">Payments on lines of credit</a></td>
        <td class="num">(500)<span></span></td>
        <td class="num">(4,000)<span></span></td>
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      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromDebtNetOfIssuanceCosts', window );">Proceeds of bank term loan</a></td>
        <td class="nump">2,934<span></span></td>
        <td class="nump">1,500<span></span></td>
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      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RepaymentsOfLongTermDebt', window );">Payments on debt</a></td>
        <td class="num">(1,724)<span></span></td>
        <td class="num">(273)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromIssuanceOfCommonStock', window );">Proceeds from public offering, net</a></td>
        <td class="nump">1,891<span></span></td>
        <td class="nump">16,210<span></span></td>
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      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromStockOptionsExercised', window );">Proceeds from exercise of equity awards, net of taxes remitted for restricted stock</a></td>
        <td class="nump">128<span></span></td>
        <td class="nump">55<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivities', window );">Net cash provided by financing activities</a></td>
        <td class="nump">3,229<span></span></td>
        <td class="nump">17,492<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease', window );">Net (decrease) increase in cash and cash equivalents</a></td>
        <td class="num">(3,675)<span></span></td>
        <td class="nump">4,268<span></span></td>
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      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents at beginning of year</a></td>
        <td class="nump">14,210<span></span></td>
        <td class="nump">9,942<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents at end of year</a></td>
        <td class="nump">$ 10,535<span></span></td>
        <td class="nump">$ 14,210<span></span></td>
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    <div style="display: none;">
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Increase Decrease in Accrued Engineering Charges</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>nlst_IncreaseDecreaseInAccruedEngineeringCharges</nobr></td>
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                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>nlst_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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                    <td>duration</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the amortization of deferred leasing fees incurred by the lessor and amortized over the term of the lease. Such fees represent (a) costs to originate a lease incurred in transactions with independent third parties that (i) result directly from and are essential to acquire that lease and (ii) would not have been incurred had that leasing transaction not occurred and (b) certain costs directly related to specified activities performed by the lessor for that lease. Those activities are: evaluating the prospective lessee's financial condition; evaluating and recording guarantees, collateral, and other security arrangements; negotiating lease terms; preparing and processing lease documents; and closing the transaction.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 840<br><br> -SubTopic 20<br><br> -Section 25<br><br> -Paragraph 17<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6748888&amp;loc=d3e40246-112709<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AmortizationOfDeferredLeasingFees</nobr></td>
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                    <td>xbrli:monetaryItemType</td>
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                    <td>debit</td>
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                    <td>duration</td>
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          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. Includes cash and cash equivalents associated with the entity's continuing operations. Excludes cash and cash equivalents associated with the disposal group (and discontinued operation).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 1<br><br> -Article 5<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 7<br><br> -Footnote 1<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3044-108585<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 8, 9<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 1<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6676-107765<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Cash<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6506951<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 7, 26<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Cash Equivalents<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6507016<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CashAndCashEquivalentsAtCarryingValue</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in cash and cash equivalents. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 26<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3521-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DepreciationDepletionAndAmortization">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DepreciationDepletionAndAmortization</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccountsPayable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInAccountsPayable</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccountsReceivable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInAccountsReceivable</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccruedLiabilities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInAccruedLiabilities</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the aggregate amount of obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInInventories">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInInventories</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInOperatingCapitalAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOtherOperatingAssets">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInOtherOperatingAssets</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets,or  income taxes.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_MarketableSecuritiesGainLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any losses recognized for other than temporary impairments (OTTI) of the subject investments in debt and equity securities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.7(c))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 10<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6872113&amp;loc=d3e27405-111563<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a),(c)-(e)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6872113&amp;loc=d3e27357-111563<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 115<br><br> -Paragraph 13, 22<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 7<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_MarketableSecuritiesGainLoss</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net cash inflow or outflow from financing activity for the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 26<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3521-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 26<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3574-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetCashProvidedByUsedInFinancingActivities</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net cash inflow or outflow from investing activity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 26<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3521-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 26<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3574-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetCashProvidedByUsedInInvestingActivities</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3521-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 25<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3536-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 26<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetCashProvidedByUsedInOperatingActivities</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.22)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.18)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph a<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e565-108580<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph A7<br><br> -Appendix A<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 130<br><br> -Paragraph 10, 15<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Other Comprehensive Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6519514<br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph d<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Emerging Issues Task Force (EITF)<br><br> -Number 87-21<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 12: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Net Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6518256<br><br><br><br>Reference 13: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.19)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 14: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 19<br><br><br><br>Reference 15: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28, 29, 30<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 16: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 20<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetIncomeLoss</nobr></td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireMarketableSecurities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow from purchases of trading, available-for-sale securities and held-to-maturity securities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Investing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 13<br><br> -Subparagraph (a),(b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3213-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 15<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 11<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6871852&amp;loc=d3e26853-111562<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 17<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 17<br><br> -Subparagraph a<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PaymentsToAcquireMarketableSecurities</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 13<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3213-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 15<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 17<br><br> -Subparagraph c<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Investing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PaymentsToAcquirePropertyPlantAndEquipment</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromDebtNetOfIssuanceCosts">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash inflow from additional borrowings, net of cash paid to third parties in connection with debt origination.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ProceedsFromDebtNetOfIssuanceCosts</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromIssuanceOfCommonStock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash inflow from the additional capital contribution to the entity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 14<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3255-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 18<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 19<br><br> -Subparagraph a<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ProceedsFromIssuanceOfCommonStock</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromLongTermLinesOfCredit">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash inflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 14<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3255-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 18<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 19<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ProceedsFromLongTermLinesOfCredit</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash inflow associated with the aggregate amount received by the entity through sale or maturity of marketable securities  (held-to-maturity or available-for-sale) during the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Investing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 11<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6871852&amp;loc=d3e26853-111562<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 15<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 12<br><br> -Subparagraph (a),(b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3179-108585<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 16<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 16<br><br> -Subparagraph a<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProceedsFromStockOptionsExercised">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash inflow associated with the amount received from holders exercising their stock options. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (j)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 123R<br><br> -Paragraph A240<br><br> -Subparagraph i<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 14<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3255-108585<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 18<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 19<br><br> -Subparagraph a<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ProceedsFromStockOptionsExercised</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ProvisionForDoubtfulAccounts">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount of the current period expense charged against operations, the offset which is generally to the allowance for doubtful accounts for the purpose of reducing receivables, including notes receivable, to an amount that approximates their net realizable value (the amount expected to be collected).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.5)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 5<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ProvisionForDoubtfulAccounts</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RepaymentsOfLongTermDebt">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3291-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 18<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 20<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_RepaymentsOfLongTermDebt</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_RepaymentsOfLongTermLinesOfCredit">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow for the settlement of obligation drawn from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with maturities due beyond one year or the operating cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 15<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3291-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 18<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 20<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_RepaymentsOfLongTermLinesOfCredit</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensation">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ShareBasedCompensation</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EUAAE">
      <tr>
        <th class="tl" colspan="1" rowspan="1">
          <div style="width: 200px;"><strong>Consolidated Balance Sheets (Parenthetical) (USD $)<br>In Thousands, except Per Share data, unless otherwise specified</strong></div>
        </th>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
        <th class="th">
          <div>Jan. 01, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StatementOfFinancialPositionAbstract', window );"><strong>Consolidated Balance Sheets [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent', window );">Accounts receivable, allowance for doubtful accounts</a></td>
        <td class="nump">$ 47<span></span></td>
        <td class="nump">$ 67<span></span></td>
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      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockParOrStatedValuePerShare', window );">Common stock, par value</a></td>
        <td class="nump">$ 0.001<span></span></td>
        <td class="nump">$ 0.001<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesAuthorized', window );">Common stock, shares authorized</a></td>
        <td class="nump">90,000<span></span></td>
        <td class="nump">90,000<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesIssued', window );">Common stock, shares issued</a></td>
        <td class="nump">26,390<span></span></td>
        <td class="nump">25,284<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesOutstanding', window );">Common stock, shares outstanding</a></td>
        <td class="nump">26,390<span></span></td>
        <td class="nump">25,284<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockParOrStatedValuePerShare', window );">Preferred stock, par value</a></td>
        <td class="nump">$ 0.001<span></span></td>
        <td class="nump">$ 0.001<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesAuthorized', window );">Preferred stock, shares authorized</a></td>
        <td class="nump">10,000<span></span></td>
        <td class="nump">10,000<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesIssued', window );">Preferred stock, shares issued</a></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PreferredStockSharesOutstanding', window );">Preferred stock, shares outstanding</a></td>
        <td class="nump">0<span></span></td>
        <td class="nump">0<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 4<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 310<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6965416&amp;loc=d3e5074-111524<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.4)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockParOrStatedValuePerShare">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Face amount or stated value of common stock per share; generally not indicative of the fair market value per share.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 30<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 129<br><br> -Paragraph 4<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CommonStockParOrStatedValuePerShare</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesAuthorized">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The maximum number of common shares permitted to be issued by an entity's charter and bylaws.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 30<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CommonStockSharesAuthorized</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesIssued">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 30<br><br> -Article 5<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CommonStockSharesIssued</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesOutstanding">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total number of shares of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares represent the ownership interest of the common shareholders. Shares outstanding equals shares issued minus shares held in treasury and other adjustments, if any.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6959260&amp;loc=d3e187085-122770<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 12<br><br> -Paragraph 10<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 3<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 30<br><br> -Article 5<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CommonStockSharesOutstanding</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockParOrStatedValuePerShare">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Face amount or stated value per share of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer); generally not indicative of the fair market value per share.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.28)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 12<br><br> -Paragraph 10<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 02<br><br> -Paragraph 29<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 129<br><br> -Paragraph 2, 3, 4, 5, 6, 7, 8<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PreferredStockParOrStatedValuePerShare</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesAuthorized">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 02<br><br> -Paragraph 29<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 129<br><br> -Paragraph 2, 3, 4, 5, 6, 7, 8<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.28)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PreferredStockSharesAuthorized</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesIssued">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 02<br><br> -Paragraph 29<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.28)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PreferredStockSharesIssued</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PreferredStockSharesOutstanding">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 02<br><br> -Paragraph 29<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.28)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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<DOCUMENT>
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<DESCRIPTION>IDEA: XBRL DOCUMENT
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Stockholders' Equity<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityNoteAbstract', window );"><strong>Stockholders' Equity [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityNoteDisclosureTextBlock', window );">Stockholders' Equity</a></td>
        <td class="text"><div> <p style="font-family: times;"><font class="_mt" size="2"><b>Note 10&#8212;Stockholders' Equity </b></font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Serial Preferred Stock </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company's authorized capital includes 10,000,000 shares of Serial Preferred Stock, with a par value of $0.001 per share. No shares were outstanding at December&nbsp;31, 2011 or January&nbsp;1, 2011. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Common Stock </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On March&nbsp;24, 2010, the Company sold 4,594,250 shares of common stock in a registered public offering. The shares were sold to the public at a price of $3.85 per share. The Company received net proceeds of $16.2&nbsp;million, after underwriting discounts and commissions, and estimated expenses payable by the Company. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In November 2011, the Company entered into a sales agreement with Ascendiant Capital Markets&nbsp;LLC ("Ascendiant"), whereby shares with a total value of up to $10.0&nbsp;million may be released for sale to the public at the discretion of management at a price equal to the current market price in an "at-the-market" offering as defined in Rule 415 under the Securities Act of 1933. In December 2011, the Company received net proceeds of approximately $1.9&nbsp;million raised through the sale of 697,470 shares. The sales agreement with Ascendiant expires in November 2014. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Stock-Based Compensation </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During 2011 and 2010, the Company cancelled 37,422 and 16,329 shares of common stock, respectively, valued at approximately $78,000 and $49,000, respectively, in connection with its obligation to holders of restricted stock to withhold the number of shares required to satisfy the holders' tax liabilities in connection with the vesting of such shares. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company is incorporated in the state of Delaware, and as such, is subject to various state laws which may restrict the payment of dividends or purchase of treasury shares. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company has stock-based compensation awards outstanding pursuant to the Amended and Restated 2000 Equity Incentive Plan (the "2000 Plan") and the Amended and Restated 2006 Equity Incentive Plan (the "2006 Plan"), under which a variety of option and direct stock-based awards may be granted to employees and nonemployees of the Company. Further grants under the 2000 Plan were suspended upon the adoption of the 2006 Plan. In addition to awards made pursuant to the 2006 Plan, the Company periodically issues inducement grants outside the 2006 Plan to certain new hires. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to certain adjustments, as of December&nbsp;31, 2011, the Company was authorized to issue a maximum of 4,205,566 shares of common stock pursuant to awards under the 2006 Plan. That maximum number will automatically increase on the first day of each subsequent calendar year by the lesser of (i)&nbsp;5.0% of the number of shares of common stock that are issued and outstanding as of the first day of the calendar year, and (ii)&nbsp;1,200,000 shares of common stock, subject to adjustment for certain corporate actions. At December&nbsp;31, 2011, the Company had 149,590 shares available for grant under the 2006 Plan. At December&nbsp;31, 2011, an additional 170,000 shares were reserved for issuance upon exercise of inducement grants. Options granted under the 2000 Plan, the 2006 Plan and outside the equity incentive plans primarily vest at a rate of at least 25% per year over four years and expire 10&nbsp;years from the date of grant. Restricted stock awards vest in eight equal increments at intervals of approximately six months from the date of grant. </font></p><a name="page_fu45603_1_35"> </a>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A summary of the Company's common stock option activity is presented below (shares in thousands): </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 80%; padding-right: 0pt; margin-left: 10%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="69"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="47"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="56"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="69"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="11" align="center"><font class="_mt" size="1"><b>Options Outstanding </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="1">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Number of<br />Shares<br />(in thousands) </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Weighted-<br />Average<br />Exercise<br />Price </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Weighted-<br />Average<br />Remaining<br />Contractual<br />Life<br />(in years) </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Aggregate<br />Intrinsic<br />Value<br />(in thousands) </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Options outstanding&#8212;January&nbsp;2, 2010</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">4,298</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">2.41</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Options granted</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">868</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">3.12</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Options exercised</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(84</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">0.96</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Options cancelled</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(448</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">2.48</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Options outstanding&#8212;January&nbsp;1, 2011</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">4,634</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">2.57</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="margin-top: 12pt; text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Options granted</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2"><br />1,455</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2"><br />2.21</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Options exercised</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(435</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">0.47</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Options cancelled</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(286</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">2.89</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Options outstanding&#8212;December&nbsp;31, 2011</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">5,368</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">2.62</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">6.1</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">4,031</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Options exercisable&#8212;December&nbsp;31, 2011</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">3,570</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">2.89</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">4.7</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">3,052</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Options exercisable and expected to vest&#8212;December&nbsp;31, 2011</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">5,117</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">2.65</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">5.9</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">3,924</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr></table></div></div>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table summarizes information about stock options outstanding and exercisable at December&nbsp;31, 2011: </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 54%; padding-right: 0pt; margin-left: 10%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="150%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="69"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="56"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="44"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="69"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="56"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="44"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="8" align="center"><font class="_mt" size="1"><b>Options Outstanding </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="8" align="center"><font class="_mt" size="1"><b>Options Exercisable </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom"><td style="font-family: times;" nowrap="nowrap" align="left">

<div style="border-bottom: #000000 1pt solid; width: 75pt; margin-bottom: 0pt;"><font class="_mt" size="1"><b>Exercise Price Range </b></font></div></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Number of<br />shares<br />(in thousands) </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Weighted<br />Average<br />Remaining<br />Contractual<br />Life<br />(in years) </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Weighted<br />Average<br />Exercise<br />Price </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Number of<br />shares<br />(in thousands) </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Weighted<br />Average<br />Remaining<br />Contractual<br />Life<br />(in years) </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Weighted<br />Average<br />Exercise<br />Price </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">$0.20 - $1.00</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,395</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">3.9</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">0.29</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,127</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">3.1</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">0.29</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">$1.01 - $3.00</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">2,753</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">7.6</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">2.19</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,336</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">5.9</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">2.19</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">$3.01 - $5.00</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">275</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">7.2</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">3.85</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">181</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">6.6</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">3.87</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">$5.01 - $8.45</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">945</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">4.7</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">6.96</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">926</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">4.7</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">6.97</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;">&nbsp;</p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">5,368</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">6.1</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">2.62</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">3,570</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">4.7</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">2.89</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr></table></div></div><a name="page_fu45603_1_36"> </a>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A summary of the Company's restricted stock awards is presented below (shares in thousands): </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="51"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="54"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"><font class="_mt" size="1"><b>Restricted Stock<br />Outstanding </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="1">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Number of<br />Shares </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Weighted-<br />Average<br />Grant-Date<br />Fair Value<br />per Share </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Balance outstanding at January&nbsp;2, 2010</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Restricted stock granted</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">528</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">3.46</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Restricted stock vested</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(67</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">3.45</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Restricted stock forfeited</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(35</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">3.45</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Balance outstanding at January&nbsp;1, 2011</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">426</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">3.46</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Restricted stock granted</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">24</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1.51</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Restricted stock vested</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(118</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">3.47</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Restricted stock forfeited</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(13</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">3.31</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Balance outstanding at December&nbsp;31, 2011</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">319</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">3.32</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr></table></div></div>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table presents details of the assumptions used to calculate the weighted-average grant date fair value of common stock options granted by the Company: </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="64"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="50"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>December&nbsp;31,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>January&nbsp;1,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Expected term (in years)</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">6.0</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">5.6</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Expected volatility</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">135</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">%</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">143</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">%</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Risk-free interest rate</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">2.12</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">%</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1.95</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">%</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Expected dividends</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Weighted-average grant date fair value per share</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">2.01</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">2.84</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Grant date fair value of options vested</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,269</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,931</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Intrinsic value of options exercised (in thousands)</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">960</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">259</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr></table></div></div>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The weighted-average fair value per share of the restricted stock granted in 2011 and 2010 was calculated based on the fair market value of the Company's common stock on the respective grant dates. The grant date fair value of restricted stock vested was $0.2&nbsp;million in both 2011 and 2010. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At December&nbsp;31, 2011, the amount of unearned stock-based compensation currently estimated to be expensed from 2012 through 2015 related to unvested common stock options and restricted stock awards is approximately $3.6&nbsp;million, net of estimated forfeitures. The weighted-average period over which the unearned stock-based compensation is expected to be recognized is approximately 2.8&nbsp;years. If there are any modifications or cancellations of the underlying unvested awards, the Company may be required to accelerate, increase or cancel any remaining unearned stock-based compensation expense or calculate and record additional expense. Future stock-based compensation expense and unearned stock-based compensation will increase to the extent that the Company grants additional common stock options or other stock-based awards. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Warrants </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company has issued warrants to purchase shares of its common stock to certain non-employees for services rendered or to be rendered in the future. Such warrants are issued outside of the 2000 Plan and 2006 Plan. A summary of the warrant activity is presented below: </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="69"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="47"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Number of<br />Shares<br />(in thousands) </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Weighted-<br />Average<br />Exercise<br />Price </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Warrants outstanding&#8212;January&nbsp;2, 2010</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">18</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1.25</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Warrants exercised</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(18</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1.25</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Warrants outstanding&#8212;January&nbsp;1, 2011</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr></table></div></div>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There were no warrants issued, exercised or cancelled in the year ended December&nbsp;31, 2011. Warrants outstanding at January&nbsp;2, 2010 were classified as equity. Upon the exercise of warrants in 2010, the Company issued new shares from its authorized shares.</font></p> </div><span></span></td>
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                <p>The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable).  Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 08<br><br> -Article 4<br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.3-04)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6959260&amp;loc=d3e187085-122770<br><br><br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 4<br><br> -Section C<br><br><br><br>Reference 12: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21488-112644<br><br><br><br>Reference 13: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.29-31)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 14: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 4<br><br> -Section 08<br><br> -Paragraph d<br><br><br><br>Reference 15: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 4<br><br> -Section E<br><br><br><br>Reference 16: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 30<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6405834&amp;loc=d3e23285-112656<br><br><br><br>Reference 17: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21475-112644<br><br><br><br>Reference 18: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(d),(e))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6881521&amp;loc=d3e23780-122690<br><br><br><br>Reference 19: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 43<br><br> -Chapter 1<br><br> -Section B<br><br> -Paragraph 7, 11A<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityVoluntaryFilers', window );">Entity Voluntary Filers</a></td>
        <td class="text">No<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityPublicFloat', window );">Entity Public Float</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">$ 41.7<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_dei_EntityCommonStockSharesOutstanding', window );">Entity Common Stock, Shares Outstanding</a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="nump">26,986,446<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>If the value is true, then the document as an amendment to previously-filed/accepted document.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_AmendmentFlag</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:booleanItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CurrentFiscalYearEndDate">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>End date of current fiscal year in the format --MM-DD.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_CurrentFiscalYearEndDate</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:gMonthDayItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalPeriodFocus">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_DocumentFiscalPeriodFocus</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>dei:fiscalPeriodItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalYearFocus">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_DocumentFiscalYearFocus</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:gYearItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_DocumentPeriodEndDate</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:dateItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The type of document being provided (such as 10-K, 10-Q, N-1A, etc). The document type is limited to the same value as the supporting SEC submission type, minus any "/A" suffix. The acceptable values are as follows: S-1, S-3, S-4, S-11, F-1, F-3, F-4, F-9, F-10, 6-K, 8-K, 10, 10-K, 10-Q, 20-F, 40-F, N-1A, 485BPOS, 497, NCSR, N-CSR, N-CSRS, N-Q, 10-KT, 10-QT, 20-FT, and Other.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_DocumentType</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>dei:submissionTypeItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation 12B<br><br> -Number 240<br><br> -Section 12b<br><br> -Subsection 1<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityCentralIndexKey</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>dei:centralIndexKeyItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCommonStockSharesOutstanding">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Indicate number of shares outstanding of each of registrant's classes of common stock, as of latest practicable date. Where multiple classes exist define each class by adding class of stock items such as Common Class A [Member], Common Class B [Member] onto the Instrument [Domain] of the Entity Listings, Instrument</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityCommonStockSharesOutstanding</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCurrentReportingStatus">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityCurrentReportingStatus</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>dei:yesNoItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFilerCategory">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, or (4) Smaller Reporting Company. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityFilerCategory</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>dei:filerCategoryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityPublicFloat">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityPublicFloat</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation 12B<br><br> -Number 240<br><br> -Section 12b<br><br> -Subsection 1<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityRegistrantName</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:normalizedStringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityVoluntaryFilers">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityVoluntaryFilers</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>dei:yesNoItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
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                <p>Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>401(k) Plan<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
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        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PensionAndOtherPostretirementBenefitsDisclosureTextBlock', window );">401(k) Plan</a></td>
        <td class="text"><div> <p style="font-family: times;"><font class="_mt" size="2"><b>Note 11&#8212;401(k) Plan </b></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company sponsors a 401(k) defined contribution plan. Employees are eligible to participate in this plan provided they are employed full-time and have reached 21&nbsp;years of age. Participants may make pre-tax contributions to the plan subject to a statutorily prescribed annual limit. Each participant is fully vested in his or her contributions and investment earnings. The Company may make matching contributions on the contributions of a participant on a discretionary basis. No contributions have been made in the years ended December&nbsp;31, 2011 or January&nbsp;1, 2011.</font></p> </div><span></span></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for pension and other postretirement benefits.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 715<br><br> -URI http://asc.fasb.org/topic&amp;trid=2235017<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 87<br><br> -Paragraph 264<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 158<br><br> -Paragraph 7, 21, 22<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 132R<br><br> -Paragraph 5<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name FASB Staff Position (FSP)<br><br> -Number FAS106-2<br><br> -Paragraph 20, 21, 22<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Implementation Guide (Q and A)<br><br> -Number FAS88<br><br> -Paragraph 63<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 132R<br><br> -Paragraph 5<br><br> -Subparagraph h<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 30<br><br> -Paragraph 26<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 132R<br><br> -Paragraph 5<br><br> -Subparagraph a<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Emerging Issues Task Force (EITF)<br><br> -Number 03-2<br><br> -Paragraph 8<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 132R<br><br> -Paragraph 5, 6, 7, 8<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 12: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 132R<br><br> -Paragraph 8<br><br> -Subparagraph m<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 13: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 132R<br><br> -Paragraph 5<br><br> -Subparagraph q<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 14: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 106<br><br> -Paragraph 518<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
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<html>
  <head>
    <META http-equiv="Content-Type" content="text/html; charset=us-ascii">
    <link rel="StyleSheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script></head>
  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EXUAE">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Consolidated Statements Of Operations (USD $)<br>In Thousands, except Per Share data, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="4">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th" colspan="2">
          <div>Dec. 31, 2011</div>
        </th>
        <th class="th" colspan="2">
          <div>Jan. 01, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeStatementAbstract', window );"><strong>Consolidated Statements Of Operations [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SalesRevenueNet', window );">Net sales</a></td>
        <td class="nump">$ 60,729<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump">$ 37,855<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CostOfGoodsAndServicesSold', window );">Cost of sales</a></td>
        <td class="nump">40,468<span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump">27,910<span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GrossProfit', window );">Gross profit</a></td>
        <td class="nump">20,261<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump">9,945<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpensesAbstract', window );"><strong>Operating expenses:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ResearchAndDevelopmentExpense', window );">Research and development</a></td>
        <td class="nump">14,924<span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump">14,762<span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SellingGeneralAndAdministrativeExpense', window );">Selling, general and administrative</a></td>
        <td class="nump">10,705<span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
        <td class="nump">11,041<span></span></td>
        <td class="fn" style="border-bottom: 0px;"><sup>[1]</sup></td>
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      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpenses', window );">Total operating expenses</a></td>
        <td class="nump">25,629<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump">25,803<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">Operating loss</a></td>
        <td class="num">(5,368)<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num">(15,858)<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NonoperatingIncomeExpenseAbstract', window );"><strong>Other (expense) income:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InterestIncomeExpenseNet', window );">Interest expense, net</a></td>
        <td class="num">(228)<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num">(42)<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherNonoperatingIncome', window );">Other (expense) income, net</a></td>
        <td class="num">(56)<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump">71<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="reu">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NonoperatingIncomeExpense', window );">Total other (expense) income, net</a></td>
        <td class="num">(284)<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump">29<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
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      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments', window );">Loss before income tax benefit</a></td>
        <td class="num">(5,652)<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num">(15,829)<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Income tax benefit</a></td>
        <td class="num">(53)<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num">(714)<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net loss</a></td>
        <td class="num">$ (5,599)<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num">$ (15,115)<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareAbstract', window );"><strong>Net loss per common share:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasicAndDiluted', window );">Basic and diluted</a></td>
        <td class="num">$ (0.22)<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="num">$ (0.64)<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract', window );"><strong>Weighted-average common shares outstanding:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_nlst_WeightedAverageNumberOfShareOutstandingBasicAndDiluted', window );">Basic and diluted</a></td>
        <td class="nump">25,086<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
        <td class="nump">23,779<span></span></td>
        <td class="fn" style="border-bottom: 0px;"></td>
      </tr>
      <tr>
        <td colspan="5"></td>
      </tr>
      <tr>
        <td colspan="5">
          <table class="outerFootnotes" width="100%">
            <tr class="outerFootnote">
              <td style="vertical-align: top;" valign="top">[1]</td>
              <td style="vertical-align: top;" valign="top">



Amounts include stock-based compensation expense as follows:




















 Cost of sales

$
79

$
42



 Research and development


600


357



 Selling, general and administrative


941


1,083
 </td>
            </tr>
          </table>
        </td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_nlst_WeightedAverageNumberOfShareOutstandingBasicAndDiluted">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The average number of shares or units issued and outstanding that are used in calculating basic and diluted EPS.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>nlst_WeightedAverageNumberOfShareOutstandingBasicAndDiluted</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>nlst_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CostOfGoodsAndServicesSold">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 2<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.2(a),(d))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CostOfGoodsAndServicesSold</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_EarningsPerShareAbstract</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
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                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareBasicAndDiluted">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements.  Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period.  Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_EarningsPerShareBasicAndDiluted</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GrossProfit">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.1,2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_GrossProfit</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 4<br><br> -Section 08<br><br> -Paragraph h<br><br> -Subparagraph 1(i)<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(h)(1)(i))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6881521&amp;loc=d3e23780-122690<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
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          </td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeStatementAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncomeStatementAbstract</nobr></td>
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                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Income Tax Expense (or Benefit)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6515339<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a),(b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 08<br><br> -Paragraph h<br><br> -Article 4<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 109<br><br> -Paragraph 45<br><br> -Subparagraph a, b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(h))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6881521&amp;loc=d3e23780-122690<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncomeTaxExpenseBenefit</nobr></td>
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                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InterestIncomeExpenseNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net amount of operating interest income (expense).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 10<br><br> -Article 9<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-04.10)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_InterestIncomeExpenseNet</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.22)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.18)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph a<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e565-108580<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph A7<br><br> -Appendix A<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 130<br><br> -Paragraph 10, 15<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Other Comprehensive Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6519514<br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph d<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Emerging Issues Task Force (EITF)<br><br> -Number 87-21<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 12: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Net Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6518256<br><br><br><br>Reference 13: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.19)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 14: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 19<br><br><br><br>Reference 15: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28, 29, 30<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 16: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 20<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetIncomeLoss</nobr></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 7<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.7)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NonoperatingIncomeExpenseAbstract</nobr></td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OperatingExpenses</nobr></td>
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                    <td><strong> Balance Type:</strong></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OperatingExpensesAbstract</nobr></td>
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                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
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                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingIncomeLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net result for the period of deducting operating expenses from operating revenues.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OperatingIncomeLoss</nobr></td>
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                    <td><strong> Data Type:</strong></td>
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                    <td><strong> Balance Type:</strong></td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate amount of other income amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) profits on securities (net of losses), and (d) miscellaneous other income items.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 7<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Audit and Accounting Guide (AAG)<br><br> -Number AAG-BRD<br><br> -Chapter 4<br><br> -Paragraph 80<br><br> -Subparagraph Exhibit 4-4<br><br> -IssueDate 2006-05-01<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.7)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherNonoperatingIncome</nobr></td>
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                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
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                    <td>credit</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 985<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6501960&amp;loc=d3e128462-111756<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 730<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6420194&amp;loc=d3e21568-108373<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 141<br><br> -Paragraph 51<br><br> -Subparagraph g<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 2<br><br> -Paragraph 12, 13<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 86<br><br> -Paragraph 11, 12<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ResearchAndDevelopmentExpense</nobr></td>
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                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
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                    <td><strong> Period Type:</strong></td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 1<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_SalesRevenueNet</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                    <td><strong> Period Type:</strong></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 43<br><br> -Chapter 4<br><br> -Paragraph 5A<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 4<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.4)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 330<br><br> -SubTopic 10<br><br> -Section 30<br><br> -Paragraph 8<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6386349&amp;loc=d3e3636-108311<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Investments In Marketable Securities<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketableSecuritiesAbstract', window );"><strong>Investments In Marketable Securities [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_MarketableSecuritiesTextBlock', window );">Investments In Marketable Securities</a></td>
        <td class="text"><div> <p style="font-family: times;"><font class="_mt" size="2"><b>Note 5&#8212;Investments in Marketable Securities </b></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investments in marketable securities consist of the following at December&nbsp;31, 2011 and January&nbsp;1, 2011 (in thousands): </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="49"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="56"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="30"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="8" align="center"><font class="_mt" size="1"><b>December&nbsp;31, 2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="1">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Amortized<br />Cost </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Net<br />Unrealized<br />Gain (Loss) </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Fair<br />Value </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Auction and variable floating rate notes</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">500</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(56</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">444</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr></table></div></div>

<p style="font-family: times;"><font class="_mt" size="2"><br /></font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="49"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="56"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="39"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="8" align="center"><font class="_mt" size="1"><b>January&nbsp;1, 2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="1">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Amortized<br />Cost </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Net<br />Unrealized<br />Gain (Loss) </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Fair<br />Value </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Corporate notes and bonds</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">824</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">824</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Auction and variable floating rate notes</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,001</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(111</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">890</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;">&nbsp;</p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,825</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(111</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,714</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr></table></div></div>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realized gains and losses on the sale of investments in marketable securities are determined using the specific identification method. Other than the sale of one of the Company's auction rate securities, described below, there were no sales of available-for-sale securities prior to maturity in 2011 or 2010. </font></p><a name="page_fq45603_1_22"> </a>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table provides the breakdown of investments in marketable securities with unrealized losses at December&nbsp;31, 2011 and January&nbsp;1, 2011 (in thousands): </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="27"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="51"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="30"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="51"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="11" align="center"><font class="_mt" size="1"><b>December&nbsp;31, 2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="1">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="11" align="center"><font class="_mt" size="1"><b>Continuous Unrealized Loss </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="1">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"><font class="_mt" size="1"><b>Less than<br />12&nbsp;months </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"><font class="_mt" size="1"><b>12&nbsp;months<br />or greater </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="1">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Fair<br />Value </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Unrealized<br />Loss </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Fair<br />Value </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Unrealized<br />Loss </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Auction and variable floating rate notes</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">444</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(56</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr></table></div></div>

<p style="font-family: times;"><font class="_mt" size="2"><br /></font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="27"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="51"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="30"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="51"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="11" align="center"><font class="_mt" size="1"><b>January&nbsp;1, 2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="1">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="11" align="center"><font class="_mt" size="1"><b>Continuous Unrealized Loss </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="1">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"><font class="_mt" size="1"><b>Less than<br />12&nbsp;months </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"><font class="_mt" size="1"><b>12&nbsp;months<br />or greater </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="1">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Fair<br />Value </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Unrealized<br />Loss </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Fair<br />Value </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Unrealized<br />Loss </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Auction and variable floating rate notes</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">890</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(111</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr></table></div></div>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of December&nbsp;31, 2011 and January&nbsp;1, 2011, the Company held one and two investments, respectively, that were in an unrealized loss position. Excluding its auction rate securities, there were no gross unrealized gains or losses on the marketable securities held at January&nbsp;1, 2011. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following tables present the amortized cost and fair value of the Company's investments in marketable securities classified as available-for-sale at December&nbsp;31, 2011 and January&nbsp;1, 2011 by contractual maturity (in thousands): </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="49"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="30"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"><font class="_mt" size="1"><b>December&nbsp;31, 2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="1">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Amortized<br />Cost </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Fair<br />Value </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2"><b>Maturity</b></font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Greater than two years*</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">500</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">444</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr></table></div></div>

<p style="font-family: times;"><font class="_mt" size="2"><br /></font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="49"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="39"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"><font class="_mt" size="1"><b>January&nbsp;1, 2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="1">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Amortized<br />Cost </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Fair<br />Value </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2"><b>Maturity</b></font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Less than one year</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">824</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">824</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Greater than two years*</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,001</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">890</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;">&nbsp;</p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,825</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,714</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr></table></div>
<hr  align="left" size="1" width="26%" noshade="noshade" />
</div>

<div style="position: relative; text-align: left; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times; margin-bottom: -11pt;"><font class="_mt" size="2">*</font></p>

<p style="font-family: times;"><font class="_mt" size="2">Comprised of auction rate securities which generally have interest rate reset dates of 90 days or less but final contractual maturity dates in excess of 15 years. </font></p></div>

<p style="font-family: times;"><font class="_mt" size="2"><i>Auction Rate Securities </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Disruptions in the credit market continue to adversely affect the liquidity and overall market for auction rate securities. As of December&nbsp;31, 2011, the Company held one investment in a Baa1 rated auction rate debt securities of a municipality with a total purchase cost of $0.5&nbsp;million. An additional A3 rated debt obligation backed by pools of student loans guaranteed by the U.S. Department of Education with a total purchase cost of $0.5&nbsp;million was owned at January&nbsp;1, 2011, and disposed of in June 2011 for a realized loss of $59,000. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company does not believe that the current illiquidity of its remaining investment in auction rate securities will materially impact its ability to fund its working capital needs, capital expenditures or other business requirements. The Company, however, remains uncertain as to when full liquidity will return to the auction rate markets, whether other secondary markets will become available or when the underlying security may be called by the issuer. Given these and other uncertainties, the Company's investments in auction rate securities have been classified as long-term in the accompanying consolidated balance sheets. The Company has concluded that the estimated gross unrealized losses on these investments, which totaled approximately $56,000 and $111,000 at December&nbsp;31, 2011 and January&nbsp;1, 2011, respectively, are temporary because (i)&nbsp;the Company believes that the liquidity limitations that have occurred are due to general market conditions, (ii)&nbsp;the remaining auction rate security continues to be of a high credit quality and interest is paid as due and (iii)&nbsp;the Company has the intent and ability to hold this investment until a recovery in the market occurs.</font></p> </div><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
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                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_MarketableSecuritiesAbstract</nobr></td>
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                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Tabular disclosure of marketable securities. This may consist of investments in certain debt and equity securities, short-term investments and other assets.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 210<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-03.4)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6876686&amp;loc=d3e534808-122878<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -Subparagraph (d)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6872113&amp;loc=d3e27232-111563<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6871852&amp;loc=d3e26626-111562<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.2,12)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6871852&amp;loc=d3e26610-111562<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 320<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6872113&amp;loc=d3e27161-111563<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_MarketableSecuritiesTextBlock</nobr></td>
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                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
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                    <td><strong> Data Type:</strong></td>
                    <td>nonnum:textBlockItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
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    <link rel="StyleSheet" type="text/css" href="report.css"><script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script></head>
  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Fair Value Measurements<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueDisclosuresAbstract', window );"><strong>Fair Value Measurements [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_FairValueDisclosuresTextBlock', window );">Fair Value Measurements</a></td>
        <td class="text"><div> <p style="font-family: times;"><font class="_mt" size="2"><b>Note 4&#8212;Fair Value Measurements </b></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following tables detail the fair value measurements within the fair value hierarchy of the Company's investments in marketable securities (in thousands): </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 73%; padding-right: 0pt; margin-left: 10%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="110%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="64"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="87"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="81"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="64"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" colspan="2" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="8" align="center"><font class="_mt" size="1"><b>Fair Value Measurements at December&nbsp;31, 2011 Using </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="1">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Fair Value at<br />December&nbsp;31,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Quoted Prices in<br />Active Markets for<br />Identical Assets<br />(Level&nbsp;1) </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Significant Other<br />Observable<br />Inputs<br />(Level&nbsp;2) </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Significant<br />Unobservable<br />Inputs<br />(Level&nbsp;3) </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Money market mutual funds</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">5,600</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">5,600</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Auction and variable floating rate notes</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">444</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">444</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 30pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Total</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">6,044</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">5,600</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">444</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr></table></div></div><a name="page_fq45603_1_20"> </a>

<p style="font-family: times;"><font class="_mt" size="2"><br /></font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 73%; padding-right: 0pt; margin-left: 10%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="110%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="61"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="87"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="81"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="64"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" colspan="2" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="8" align="center"><font class="_mt" size="1"><b>Fair Value Measurements at January&nbsp;1, 2011 Using </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="1">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Fair Value at<br />January&nbsp;1,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Quoted Prices in<br />Active Markets for<br />Identical Assets<br />(Level&nbsp;1) </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Significant Other<br />Observable<br />Inputs<br />(Level&nbsp;2) </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Significant<br />Unobservable<br />Inputs<br />(Level&nbsp;3) </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Money market mutual funds</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">12,654</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">12,654</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Corporate notes and bonds</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">824</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">824</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Auction and variable floating rate notes</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">890</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">890</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 30pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Total</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">14,368</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">12,654</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">824</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">890</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr></table></div></div>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following tables summarize the Company's assets measured at fair value on a recurring basis as presented in the Company's consolidated balance sheets at December&nbsp;31, 2011 and January&nbsp;1, 2011: </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 73%; padding-right: 0pt; margin-left: 10%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="110%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="64"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="87"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="81"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="64"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" colspan="2" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="8" align="center"><font class="_mt" size="1"><b>Fair Value Measurements at December&nbsp;31, 2011 Using </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="1">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Fair Value at<br />December&nbsp;31,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Quoted Prices in<br />Active Markets for<br />Identical Assets<br />(Level&nbsp;1) </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Significant Other<br />Observable<br />Inputs<br />(Level&nbsp;2) </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Significant<br />Unobservable<br />Inputs<br />(Level&nbsp;3) </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Cash equivalents</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">5,600</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">5,600</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Long-term marketable securities</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">444</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">444</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Total assets measured at fair value</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">6,044</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">5,600</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">444</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr></table></div></div>

<p style="font-family: times;"><font class="_mt" size="2"><br /></font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 73%; padding-right: 0pt; margin-left: 10%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="110%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="61"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="87"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="81"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="64"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" colspan="2" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="8" align="center"><font class="_mt" size="1"><b>Fair Value Measurements at January&nbsp;1, 2011 Using </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="1">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Fair Value at<br />January&nbsp;1,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Quoted Prices in<br />Active Markets for<br />Identical Assets<br />(Level&nbsp;1) </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Significant Other<br />Observable<br />Inputs<br />(Level&nbsp;2) </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Significant<br />Unobservable<br />Inputs<br />(Level&nbsp;3) </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Cash equivalents</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">12,654</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">12,654</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Short-term marketable securities</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">824</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">824</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Long-term marketable securities</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">890</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">890</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Total assets measured at fair value</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">14,368</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">12,654</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">824</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">890</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr></table></div></div>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair value measurements using Level&nbsp;3 inputs in the table above relate to the Company's investments in auction rate securities. The disruptions in the credit market continue to adversely affect the liquidity and overall market for auction rate securities. The Company has estimated the fair value of these investments using a discounted cash flow model which included assumptions about the credit quality and expected duration of the investments, along with discount rates affected for the general lack of liquidity. These assumptions reflect the Company's estimates about the reasonable assumptions market participants would likely use in valuing the investments, including assumptions about risk, developed based on the best information available in the circumstances. </font></p><a name="page_fq45603_1_21"> </a>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table provides a reconciliation of the beginning and ending balances for the Company's assets measured at fair value using Level&nbsp;3 inputs (in thousands): </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="64"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="50"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"><font class="_mt" size="1"><b>Year Ended </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="1">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>December&nbsp;31,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>January&nbsp;1,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Beginning balance</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">890</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">941</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Sales of available-for-sale marketable securities</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(441</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Realized loss included in other income (expense), net</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(59</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Unrealized loss transferred from other comprehensive loss to earnings</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">59</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Unrealized loss included in accumulated other comprehensive loss</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(4</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(50</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Accrued interest</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(1</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(1</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Ending balance</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">444</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">890</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr></table></div></div> </div><span></span></td>
      </tr>
    </table>
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          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_FairValueDisclosuresAbstract</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 5<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6925170&amp;loc=d3e19296-110258<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 159<br><br> -Paragraph 17-22, 27, 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 10<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6947722&amp;loc=d3e13433-108611<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 107<br><br> -Paragraph 15C, 15D<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6957238&amp;loc=d3e14064-108612<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 16<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6947722&amp;loc=d3e13504-108611<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 107<br><br> -Paragraph 15A<br><br> -Subparagraph a-d<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 21<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6947722&amp;loc=d3e13537-108611<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 133<br><br> -Paragraph 44A, 44B<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 820<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6925170&amp;loc=d3e19207-110258<br><br><br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 30<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6957238&amp;loc=d3e14172-108612<br><br><br><br>Reference 12: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 107<br><br> -Paragraph 3, 10, 14, 15<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Major Customers And Suppliers<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_nlst_MajorCustomersAndSuppliersAbstract', window );"><strong>Major Customers And Suppliers [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_nlst_MajorCustomersAndSuppliersTextBlock', window );">Major Customers And Suppliers</a></td>
        <td class="text"><div> <p style="font-family: times;"><font class="_mt" size="2"><b>Note 12&#8212;Major Customers and Suppliers </b></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company's product sales have historically been concentrated in a small number of customers. The following table sets forth sales to customers comprising 10% or more of the Company's net sales as follows: </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="64"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="50"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"><font class="_mt" size="1"><b>Year Ended </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="1">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>December&nbsp;31,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>January&nbsp;1,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Customer A</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">70</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">%</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">59</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">%</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Customer B</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">*</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">19</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">%</font></td></tr></table></div>
<hr  align="left" size="1" width="26%" noshade="noshade" />
</div>

<div style="position: relative; text-align: left; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times; margin-bottom: -11pt;"><font class="_mt" size="2">*</font></p>

<p style="font-family: times;"><font class="_mt" size="2">less than 10% of net sales </font></p></div>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sales of the Company's NVvault products represented 66% and 54% of net sales in 2011 and 2010, respectively. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company's accounts receivable primarily are concentrated with one customer at December&nbsp;31, 2011, representing approximately 80%; and two customers at January&nbsp;1, 2011, representing approximately 75% and 13% of aggregate gross receivables. A significant reduction in sales to, or the </font><font class="_mt" size="2">inability to collect receivables from, a significant customer could have a material adverse impact on the Company. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company's purchases have historically been concentrated in a small number of suppliers. The following table sets forth purchases from suppliers comprising 10% or more of the Company's total purchases as follows: </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="64"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="50"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"><font class="_mt" size="1"><b>Year Ended </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="1">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>December&nbsp;31,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>January&nbsp;1,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Supplier A</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">24</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">%</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">10</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">%</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Supplier B</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">*</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">11</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">%</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Supplier C</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">*</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">10</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">%</font></td></tr></table></div>
<hr  align="left" size="1" width="26%" noshade="noshade" />
</div>

<div style="position: relative; text-align: left; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times; margin-bottom: -11pt;"><font class="_mt" size="2">*</font></p>

<p style="font-family: times;"><font class="_mt" size="2">less than 10% of total purchases </font></p></div>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;While the Company believes alternative suppliers could be utilized, any inability to obtain components or products in the amounts needed on a timely basis or at commercially reasonable prices could result in delays in product introductions, interruption in product shipments or increases in product costs, which could have a material adverse effect on the Company.</font></p> </div><span></span></td>
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                <p>Major customers and suppliers.</p>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Income Taxes<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefitAbstract', window );"><strong>Income Taxes [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxDisclosureTextBlock', window );">Income Taxes</a></td>
        <td class="text"><div> <p style="font-family: times;"><font class="_mt" size="2"><b>Note 8&#8212;Income Taxes </b></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company's deferred tax assets and liabilities are as follows (in thousands): </font></p>

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<p style="font-family: times;">&nbsp;</p>

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<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;">&nbsp; </td>
<td style="font-family: times;" width="12">&nbsp; </td>
<td style="font-family: times;" width="7" align="right">&nbsp; </td>
<td style="font-family: times;" width="64">&nbsp; </td>
<td style="font-family: times;" width="12">&nbsp; </td>
<td style="font-family: times;" width="7" align="right">&nbsp; </td>
<td style="font-family: times;" width="50">&nbsp; </td>
<td style="font-family: times;" width="12">&nbsp; </td></tr>
<tr valign="bottom"><th style="font-family: times;" align="left"><br /></th>
<th style="font-family: times;">&nbsp; </th>
<th style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>December&nbsp;31,<br />2011 </b></font></th>
<th style="font-family: times;">&nbsp; </th>
<th style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>January&nbsp;1,<br />2011 </b></font></th>
<th style="font-family: times;">&nbsp; </th></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2">Deferred tax assets:</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2">Reserves and allowances</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font> </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,995</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font> </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,844</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2">State taxes, net of federal income tax benefit</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2">Depreciation and amortization</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">682</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">375</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2">Other accruals</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">331</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">316</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2">Compensatory stock options and rights</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">2,150</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,949</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2">Other</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">25</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">48</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2">Tax credit carryforwards</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,949</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,296</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2">Operating loss carryforward</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">12,306</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">11,513</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2">Foreign operating loss carryforward</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,031</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">878</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 30pt;"><font class="_mt" size="2">Total deferred tax assets</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">20,469</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">18,220</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2">Deferred tax liabilities:</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2">Prepaid expenses</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(199</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(203</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font> </td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 30pt;"><font class="_mt" size="2">Total deferred tax liabilities</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(199</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(203</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font> </td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 30pt;"><font class="_mt" size="2">Subtotal</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">20,270</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">18,017</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 30pt;"><font class="_mt" size="2">Valuation allowance</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(20,270</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(18,017</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font> </td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;">&nbsp;</p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font> </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font> </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr></table></div></div>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company evaluates whether a valuation allowance should be established against its deferred tax assets based on the consideration of all available evidence using a "more likely than not" standard. In making such judgments, significant weight is given to evidence that can be objectively verified. As of December&nbsp;31, 2011 and January&nbsp;1, 2011, a valuation allowance of $20.3&nbsp;million and $18.0&nbsp;million, respectively, has been provided based on the Company's assessment that it is more likely than not, that sufficient taxable income will not be generated to realize the tax benefits of the temporary differences. The valuation allowance increased by approximately $2.3&nbsp;million and $5.9&nbsp;million during the years ended December&nbsp;31, 2011 and January&nbsp;1, 2011, respectively, primarily related to the increase in the net operating loss carryforward. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At December&nbsp;31, 2011, the Company has approximately $32.3&nbsp;million of federal net operating loss ("NOL") carryforwards which begin to expire in year 2029, and approximately $24.2&nbsp;million of state net operating loss carryforwards which begin to expire in year 2017, and Federal and state tax credit carryforwards of approximately $0.9&nbsp;million and $1.0&nbsp;million, respectively at December&nbsp;31, 2011. Federal tax credit carryforwards begin to expire in 2026 and state tax credits carry forward indefinitely. In addition, the Company has approximately $7.6&nbsp;million of operating loss carryforwards in the PRC that begin to expire in 2012. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The deferred tax asset at December&nbsp;31, 2011 does not include approximately $1.4&nbsp;million and $1.6&nbsp;million of excess tax benefits from employee stock option exercises that are a component of the federal and state net operating loss carryover, respectively. The Company's stockholders' equity balance will be increased if and when such excess tax benefits are ultimately realized. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For financial reporting purposes, loss before benefit of income taxes includes the following components (in thousands): </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;">&nbsp;</p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;">&nbsp; </td>
<td style="font-family: times;" width="12">&nbsp; </td>
<td style="font-family: times;" width="7" align="right">&nbsp; </td>
<td style="font-family: times;" width="64">&nbsp; </td>
<td style="font-family: times;" width="12">&nbsp; </td>
<td style="font-family: times;" width="7" align="right">&nbsp; </td>
<td style="font-family: times;" width="50">&nbsp; </td>
<td style="font-family: times;" width="12">&nbsp; </td></tr>
<tr valign="bottom"><th style="font-family: times;" align="left"><br /></th>
<th style="font-family: times;">&nbsp; </th>
<th style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"><font class="_mt" size="1"><b>Year Ended </b></font></th>
<th style="font-family: times;">&nbsp; </th></tr>
<tr valign="bottom"><th style="font-family: times;" align="left"><br /></th>
<th style="font-family: times;">&nbsp; </th>
<th style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>December&nbsp;31,<br />2011 </b></font></th>
<th style="font-family: times;">&nbsp; </th>
<th style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>January&nbsp;1,<br />2011 </b></font></th>
<th style="font-family: times;">&nbsp; </th></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2">United States</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font> </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(4,207</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font> </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font> </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(13,827</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font> </td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2">Foreign</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(1,445</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(2,002</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font> </td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;">&nbsp;</p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font> </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(5,652</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font> </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font> </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(15,829</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font> </td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr></table></div></div>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company's income tax benefit consists of the following (in thousands): </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;">&nbsp;</p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;">&nbsp; </td>
<td style="font-family: times;" width="12">&nbsp; </td>
<td style="font-family: times;" width="7" align="right">&nbsp; </td>
<td style="font-family: times;" width="64">&nbsp; </td>
<td style="font-family: times;" width="12">&nbsp; </td>
<td style="font-family: times;" width="7" align="right">&nbsp; </td>
<td style="font-family: times;" width="50">&nbsp; </td>
<td style="font-family: times;" width="12">&nbsp; </td></tr>
<tr valign="bottom"><th style="font-family: times;" align="left"><br /></th>
<th style="font-family: times;">&nbsp; </th>
<th style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"><font class="_mt" size="1"><b>Year Ended </b></font></th>
<th style="font-family: times;">&nbsp; </th></tr>
<tr valign="bottom"><th style="font-family: times;" align="left"><br /></th>
<th style="font-family: times;">&nbsp; </th>
<th style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>December&nbsp;31,<br />2011 </b></font></th>
<th style="font-family: times;">&nbsp; </th>
<th style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>January&nbsp;1,<br />2011 </b></font></th>
<th style="font-family: times;">&nbsp; </th></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2">Current:</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2">Federal</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font> </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(55</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font> </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font> </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(728</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font> </td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2">State</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">2</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">14</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 30pt;"><font class="_mt" size="2">Total current</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(53</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(714</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font> </td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2">Deferred:</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2">Federal</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(1,516</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(4,209</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font> </td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2">State</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(582</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(894</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font> </td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2">Foreign</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(157</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(801</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font> </td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2">Change in valuation allowance</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">2,255</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">5,904</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 30pt;"><font class="_mt" size="2">Total deferred</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2">Income tax benefit</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font> </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(53</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font> </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font> </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(714</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font> </td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr></table></div></div>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During 2010, the Company carried back approximately $1.7&nbsp;million of gross net operating losses under the Worker, Homeownership, and Business Act and received a federal income tax refund of approximately $0.7&nbsp;million. During 2011, the Company reduced its unrecognized tax benefits by approximately $0.1&nbsp;million as a result of a lapse in a federal statute of limitations. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A reconciliation of income taxes computed by applying the statutory U.S. income tax rate to the Company's loss before income taxes to the income tax benefit is as follows: </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;">&nbsp;</p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;">&nbsp; </td>
<td style="font-family: times;" width="12">&nbsp; </td>
<td style="font-family: times;" width="7" align="right">&nbsp; </td>
<td style="font-family: times;" width="64">&nbsp; </td>
<td style="font-family: times;" width="12">&nbsp; </td>
<td style="font-family: times;" width="7" align="right">&nbsp; </td>
<td style="font-family: times;" width="50">&nbsp; </td>
<td style="font-family: times;" width="12">&nbsp; </td></tr>
<tr valign="bottom"><th style="font-family: times;" align="left"><br /></th>
<th style="font-family: times;">&nbsp; </th>
<th style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"><font class="_mt" size="1"><b>Year Ended </b></font></th>
<th style="font-family: times;">&nbsp; </th></tr>
<tr valign="bottom"><th style="font-family: times;" align="left"><br /></th>
<th style="font-family: times;">&nbsp; </th>
<th style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>December&nbsp;31,<br />2011 </b></font></th>
<th style="font-family: times;">&nbsp; </th>
<th style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>January&nbsp;1,<br />2011 </b></font></th>
<th style="font-family: times;">&nbsp; </th></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2">U.S. federal statutory tax</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">35</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">%</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">35</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">%</font> </td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2">Valuation allowance</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(25</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(26</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font> </td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2">Loss from foreign subsidiary</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(9</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(4</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font> </td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2">Effective income tax benefit rate</font></p></td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">%</font> </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">5</font> </td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">%</font> </td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr></table></div></div>

<p style="font-family: times;"><font class="_mt" size="2"><i>Unrecognized Tax Benefits </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table summarizes the activity related to the Company's unrecognized tax benefits (in thousands): </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;">&nbsp;</p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;">&nbsp; </td>
<td style="font-family: times;" width="12">&nbsp; </td>
<td style="font-family: times;" width="7" align="right">&nbsp; </td>
<td style="font-family: times;" width="27">&nbsp; </td>
<td style="font-family: times;" width="12">&nbsp; </td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2">Balance at January&nbsp;2, 2010</font></p></td>
<td style="font-family: times;">&nbsp; </td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font> </td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">77</font> </td>
<td style="font-family: times;">&nbsp; </td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2">Reversal of liability for expiration of statute of limitations</font></p></td>
<td style="font-family: times;">&nbsp; </td>
<td style="font-family: times;">&nbsp; </td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">&#8212;</font> </td>
<td style="font-family: times;">&nbsp; </td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2">Accrual of potential interest related to unrecognized tax benefits</font></p></td>
<td style="font-family: times;">&nbsp; </td>
<td style="font-family: times;">&nbsp; </td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">&#8212;</font> </td>
<td style="font-family: times;">&nbsp; </td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2">Balance at January&nbsp;1, 2011</font></p></td>
<td style="font-family: times;">&nbsp; </td>
<td style="font-family: times;">&nbsp; </td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">77</font> </td>
<td style="font-family: times;">&nbsp; </td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2">Reversal of liability for expiration of statute of limitations</font></p></td>
<td style="font-family: times;">&nbsp; </td>
<td style="font-family: times;">&nbsp; </td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(55</font> </td>
<td style="font-family: times;"><font class="_mt" size="2">)</font> </td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2">Accrual of potential interest related to unrecognized tax benefits</font></p></td>
<td style="font-family: times;">&nbsp; </td>
<td style="font-family: times;">&nbsp; </td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">&#8212;</font> </td>
<td style="font-family: times;">&nbsp; </td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2">Balance at December&nbsp;31, 2011</font></p></td>
<td style="font-family: times;">&nbsp; </td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font> </td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">22</font> </td>
<td style="font-family: times;">&nbsp; </td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp; </td>
<td style="font-family: times;" valign="bottom">&nbsp; </td></tr></table></div></div>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrecognized tax benefits of tax positions, if recognized, would affect the Company's annual effective tax rate. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company recognizes accrued interest and penalties related to unrecognized tax benefits as a component of tax expense. Interest and penalty accruals were insignificant at December&nbsp;31 and January&nbsp;1, 2011. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company files tax returns with federal, state and foreign jurisdictions. The Company is no longer subject to IRS or state examinations for periods prior to 2007 although certain carryforward attributes that were generated prior to 2007 may still be adjusted by the IRS. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Tax Holidays </i></font></p>

<p style="margin-top: 0px; font-family: times; margin-bottom: 0px;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In 2008, the Company began operating under tax holidays in the PRC, which are effective from January 2008 through December 2012. Since the Company operated at a loss in the PRC in 2011 and 2010, it did not realize any benefit to its consolidated results of operations attributable to the tax holidays.</font></p> </div><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32537-109319<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 109<br><br> -Paragraph 136, 172<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 109<br><br> -Paragraph 43, 44, 45, 46, 47, 48, 49<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 08<br><br> -Paragraph h<br><br> -Article 4<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32559-109319<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 15<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32718-109319<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(h))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6881521&amp;loc=d3e23780-122690<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
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        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Credit Agreement<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
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      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
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        <td class="text">&#xA0;<span></span></td>
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        <td class="text"><div> <p style="font-family: times;"><font class="_mt" size="2"><b>Note 6&#8212;Credit Agreement </b></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On October&nbsp;31, 2009, the Company entered into a credit agreement with Silicon Valley Bank, which was amended on March&nbsp;24, 2010, June&nbsp;30, 2010, September&nbsp;30, 2010, May&nbsp;11, 2011 and August&nbsp;10, 2011 (the "Credit Agreement"). Currently, the Credit Agreement provides for a line of credit pursuant to which the Company can borrow up to the lesser of (i)&nbsp;80% of eligible accounts receivable, or (ii)&nbsp;$10.0&nbsp;million. The Company has the option to increase credit availability to $15.0&nbsp;million at any time through the maturity date of September&nbsp;30, 2013, subject to the conditions of the Credit Agreement. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Credit Agreement contains an overall sublimit of $10.0&nbsp;million to collateralize the Company's contingent obligations under letters of credit, foreign exchange contracts and cash management services. Amounts outstanding under the overall sublimit reduce the amount available pursuant to the Credit Agreement. At December&nbsp;31, 2011, letters of credit in the amount of $2.0&nbsp;million with expiration dates through October&nbsp;31, 2012 were outstanding. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest on the line of credit provided by the Credit Agreement is payable monthly at either (i)&nbsp;prime (4.00% at December&nbsp;31, 2011) plus 1.25%, as long as the Company maintains $8.5&nbsp;million in revolving credit availability plus unrestricted cash on deposit with the bank, or (ii)&nbsp;prime plus 2.25%. Additionally, the Credit Agreement requires payments for an unused line, as well as anniversary and early termination fees, as applicable. </font></p><a name="page_fq45603_1_24"> </a>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table presents details of interest expense related to borrowings on the lines of credit, along with certain other applicable information (in thousands): </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="64"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="50"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"><font class="_mt" size="1"><b>Year Ended </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="1">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>December&nbsp;31,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>January&nbsp;1,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Interest expense</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">35</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">39</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr></table></div></div>

<p style="font-family: times;"><font class="_mt" size="2"><br /></font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="64"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="50"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>December&nbsp;31,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>January&nbsp;1,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Availability under the revolving line of credit</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">7,797</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">5,100</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Outstanding borrowings on the revolving line of credit</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Amounts reserved under credit sublimits</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(2,022</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(2,900</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Unutilized borrowing availability under the revolving line of credit</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">5,775</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">2,200</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr></table></div></div>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with the September&nbsp;30, 2010 amendment to the Credit Agreement, Silicon Valley Bank extended a $1.5&nbsp;million term loan under the Credit Agreement, which bears interest at a rate of prime plus 2.00% ("Term Loan I"). The Company is required to make monthly principal payments of $41,666 of over the 36&nbsp;month term of the loan, or $0.5&nbsp;million annually. Term Loan I matures in September 2013. In May 2011, Silicon Valley Bank extended an additional $3.0&nbsp;million term loan ("Term Loan II"), and extended the term of the existing credit facility through September 2013. The Term Loan II bears interest at a rate of prime plus 2.75%, and is payable in equal installments of $125,000 over the 24&nbsp;month term of the loan, or $1.5&nbsp;million annually. Term Loan II matures in May 2013. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The term loans are classified in long-term debt in the accompanying consolidated balance sheets. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All obligations under the Credit Agreement are secured by a first priority lien on the Company's tangible and intangible assets. The Credit Agreement subjects the Company to certain affirmative and negative covenants, including financial covenants with respect to the Company's liquidity and tangible net worth and restrictions on the payment of dividends. As of December&nbsp;31, 2011, the Company was in compliance with its financial covenants.</font></p> </div><span></span></td>
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                <p>The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.19,20,22)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 129<br><br> -Paragraph 2, 4<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 19, 20, 22<br><br> -Article 5<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21475-112644<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Long-Term Debt<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
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      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
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        <td class="text">&#xA0;<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LongTermDebtTextBlock', window );">Long-Term Debt</a></td>
        <td class="text"><div> <p style="font-family: times;"><font class="_mt" size="2"><b>Note 7&#8212;Long-Term Debt </b></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Long-term debt consists of the following (in thousands): </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="64"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="50"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>December&nbsp;31,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>January&nbsp;1,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Obligations under capital leases (see Note&nbsp;9)</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">300</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">362</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Term Loan I (see Note 6)</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">875</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,375</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Term Loan II, net of issuance cost of $38 (see Note 6)</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">2,087</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;">&nbsp;</p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">3,262</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,737</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Less current portion</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(2,144</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(674</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;">&nbsp;</p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,118</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,063</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr></table></div></div>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company has purchased manufacturing and computer equipment through the use of various capital leases that mature at various dates through October 2013 (see Note&nbsp;9). The interest rates on these leases vary between 6.0% and 6.8%. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of December&nbsp;31, 2011, maturities of long-term debt were as follows (in thousands): </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="39"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2"><i>Fiscal Year</i></font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">2012</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">2,182</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">2013</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">1,118</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Total payments on long-term debt</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">3,300</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Debt discount</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(38</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Long-term debt</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">3,262</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr></table></div></div>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest expense related to the Company's long-term debt is presented in the following table (in thousands): </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="64"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="50"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"><font class="_mt" size="1"><b>Year Ended </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="1">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>December&nbsp;31,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>January&nbsp;1,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Interest expense</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">202</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">56</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr></table></div></div> </div><span></span></td>
      </tr>
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                <p>The entire disclosure for long-term debt.</p>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Commitments And Contingencies<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
      </tr>
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        <td class="text">&#xA0;<span></span></td>
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        <td class="text"><div> <p style="font-family: times;"><font class="_mt" size="2"><b>Note 9&#8212;Commitments and Contingencies </b></font></p>

<p style="font-family: times;"><font class="_mt" size="2"><b>Leases </b></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company leases certain of its facilities and equipment under non-cancelable operating leases that expire at various dates through 2015. Rental expense, net of amortization of deferred gain and sublease income, is presented in the following table (in thousands): </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="64"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="50"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"><font class="_mt" size="1"><b>Year Ended </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="1">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>December&nbsp;31,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>January&nbsp;1,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Rental expense</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,065</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">895</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr></table></div></div>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company also has acquired certain equipment through the use of various capital leases, some of which contain bargain purchase options. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In December 2005, the Company sold the building containing its manufacturing facility and the related land in Irvine, California to an unrelated third party for gross proceeds of approximately $1.9&nbsp;million. Concurrent with the sale, the Company entered into an agreement to lease the property back. The Company accounted for the lease as an operating lease. In connection with the sale, the Company recognized a gain of approximately $0.6&nbsp;million which was deferred and amortized into income ratably over the term of the lease-back which expired in 2010. The Company amortized approximately $108,000 of the gain in 2010, which is recorded as a reduction of rent expense in the accompanying consolidated statement of operations. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A summary of future minimum payments under both capital and operating lease commitments as of December&nbsp;31, 2011 is as follows (in thousands): </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="36"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="49"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" nowrap="nowrap" align="left">

<div style="border-bottom: #000000 1pt solid; width: 39pt; margin-bottom: 0pt;"><font class="_mt" size="1"><b>Fiscal Year </b></font></div></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Capital<br />Leases </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>Operating<br />Leases </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">2012</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">196</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">562</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">2013</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">122</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">444</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">2014</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">243</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">2015</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">213</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">2016</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">207</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Thereafter</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">34</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Total minimum lease payments</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">318</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,703</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Less amount representing interest</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(18</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Present value of future minimum lease payments (see Note&nbsp;7)</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">300</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr></table></div></div>

<p style="font-family: times;"><font class="_mt" size="2"><b>Litigation and Patent Reexaminations </b></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company owns numerous patents and intends to vigorously protect its rights through litigation against parties that infringe and through defense of challenges made by way of reexamination requests with the United States Patent and Trademark Office ("USPTO"). The Company spends substantial resources protecting its intellectual property, and these activities may continue for the foreseeable future. There can be no assurance that any ongoing or future litigation or patent protection activities </font><font class="_mt" size="2">will be successful. The outcome of pending litigation and patent reexaminations, as well as any delay in their resolution, could affect the Company's ability to protect against competition in the current and expected markets for its products and to license its intellectual property in the future. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Google Litigation </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In May 2008, the Company initiated discussions with Google,&nbsp;Inc. ("Google") regarding the Company's claim that Google has infringed on a U.S. patent owned by the Company, U.S. Patent No.&nbsp;7,289,386 ("the '386 patent"), which relates generally to rank multiplication in memory modules. Preemptively, Google filed a declaratory judgment lawsuit against the Company in the U.S. District Court for the Northern District of California (the "Northern District Court"), seeking a declaration that Google did not infringe the '386 patent and that the '386 patent is invalid. The Company filed a counterclaim for infringement of the '386 patent by Google. Claim construction proceedings were held in November 2009, and the Company prevailed on every disputed claim construction issue. In June 2010, the Company filed motions for summary judgment of patent infringement and dismissal of Google's affirmative defenses. In May 2010, Google requested and was later granted an </font><font class="_mt" size="2"><i>Inter Partes</i></font><font class="_mt" size="2"> Reexamination of the '386 patent by the USPTO. The reexamination proceedings are described below. Pending the conclusion of the reexamination, the Northern District Court granted Google's request to stay the litigation, and has therefore not ruled on the Company's motions for summary judgement. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In December 2009, the Company filed a patent infringement lawsuit against Google in the Northern District Court, seeking damages and injunctive relief based on Google's infringement of U.S. Patent No.&nbsp;7,619,912 ("the '912 patent"), which is related to the '386 patent and relates generally to rank multiplication. In February 2010, Google answered the Company's complaint and asserted counterclaims against the Company seeking a declaration that the patent is invalid and not infringed, and claiming that the Company committed fraud, negligent misrepresentation and breach of contract based on Netlist's activities in the JEDEC standard-setting organization. The counterclaim seeks unspecified compensatory damages. Accruals have not been recorded for loss contingencies related to Google's counterclaim because it is not probable that a loss has been incurred and the amount of any such loss cannot be reasonably estimated. In October 2010, Google requested and was later granted an </font><font class="_mt" size="2"><i>Inter Partes</i></font><font class="_mt" size="2"> Reexamination of the '912 patent by the USPTO. The reexamination proceedings are described below. In connection with the reexamination request, the Northern District Court granted the Company and Google's joint request to stay the '912 patent infringement lawsuit against Google until the completion of the reexamination proceedings. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Inphi Litigation </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In September 2009, the Company filed a patent infringement lawsuit against Inphi Corporation ("Inphi") in the U.S. District Court for the Central District of California (the "Central District Court"). The complaint, as amended, alleges that Inphi is contributorily infringing and actively inducing the infringement of U.S. patents owned by the Company, including the '912 patent, U.S. Patent No.&nbsp;7,532,537 ("the '537 patent"), which relates generally to memory modules with load isolation and memory domain translation capabilities, and U.S. Patent No.&nbsp;7,636,274 ("the '274 patent"), which is related to the '537 patent and relates generally to load isolation and memory domain translation technologies. The Company is seeking damages and injunctive relief based on Inphi's use of its </font><font class="_mt" size="2">patented technology. Inphi has denied infringement and has asserted to the court that the three patents are invalid. In April 2010, Inphi requested and was later denied an </font><font class="_mt" size="2"><i>Inter Partes</i></font><font class="_mt" size="2"> Reexaminations of the '912, '537 and '274 patents by the USPTO. In June 2010, Inphi submitted new requests and was later granted an </font><font class="_mt" size="2"><i>Inter Partes</i></font><font class="_mt" size="2"> Reexaminations of the '912, '537 and '274 patents by the USPTO. The reexamination proceedings are described below. In connection with the reexamination requests, Inphi filed a motion to stay proceedings with the Central District Court, which was granted and later extended through at least February 2012. The Central District Court has requested that the Company notify it within one week of any action taken by the USPTO in connection with the reexamination proceedings, at which time the Central District Court could decide to maintain or lift the stay. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In November 2009, Inphi filed a patent infringement lawsuit against the Company alleging infringement of two Inphi patents generally related to memory module output buffers. In April 2011 the court dismissed the entire case without prejudice pursuant to a joint stipulation filed by Inphi and the Company under which each party agreed to bear its own costs and attorney's fees. The case is now closed. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>'386 Patent Reexamination </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As noted previously, in May 2010, Google requested and was later granted an </font><font class="_mt" size="2"><i>Inter Partes</i></font><font class="_mt" size="2"> Reexamination of the '386 patent by the USPTO. In October 2010, Smart Modular,&nbsp;Inc. ("SMOD") requested and was later granted an </font><font class="_mt" size="2"><i>Inter Partes</i></font><font class="_mt" size="2"> Reexamination of the '386 patent. The reexaminations requested by Google and SMOD were merged by the USPTO into a single proceeding. In April 2011, a Non-Final Action was issued by the USPTO, rejecting all claims in the patent. In July 2011, the Company responded by amending or canceling some of the claims, adding new claims, and making arguments as to the validity of the rejected claims in view of cited references. Both Google and SMOD filed their comments to the Company's response in October 2011. The reexamination of the '386 patent remains open and will continue in accordance with established procedures for merged reexamination proceedings. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>'912 Patent Reexamination </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As noted previously, in April 2010, Inphi requested and was later denied an </font><font class="_mt" size="2"><i>Inter Partes</i></font><font class="_mt" size="2"> Reexamination of the '912 patent by the USPTO. In June 2010, Inphi submitted a new request and was later granted an </font><font class="_mt" size="2"><i>Inter Partes</i></font><font class="_mt" size="2"> Reexamination of the '912 patent by the USPTO. In September 2010, the USPTO confirmed the patentability of all fifty-one claims of the '912 patent. However, in October 2010, Google and SMOD each filed and were later granted requests for reexamination of the '912 patent. In February 2011, the USPTO merged the Inphi, Google and SMOD '912 reexamination requests into a single proceeding. In an April 2011 Non-Final Action in the merged reexamination proceeding, the USPTO rejected claims 1-20 and 22-51 and confirmed the patentability of claim 21 of the '912 patent. In July 2011, the Company responded by amending or canceling some of the claims, adding new claims, and making arguments as to the validity of the rejected claims in view of cited references. Inphi, Google, and SMOD filed their comments on the Company's response in August 2011. In October 2011, the USPTO mailed a second Non-Final Action confirming the patentability of twenty claims of the '912 patent, including claims that were added in the reexamination process. In January 2012, the Company responded by amending or canceling some of the claims, adding new </font><font class="_mt" size="2">claims, and making arguments as to the validity of the rejected claims in view of cited references. The reexamination of the '912 patent remains open and will continue in accordance with established procedures for merged reexamination proceedings. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>'627 Patent Reexamination </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In September 2011, SMOD filed a request for reexamination of U.S. Pat. No.&nbsp;7,864,627 ("the '627 patent") issued to the Company on January&nbsp;4, 2011. The '627 patent is related to the '912 patent. In November 2011, the USPTO granted SMOD's request for reexamination of the '627 patent and concurrently issued a Non-Final Action confirming the patentability of three claims. In February 2012, the Company responded by amending or canceling some of the claims, adding new claims, and making arguments as to the validity of the rejected claims in view of cited references. The reexamination of the '627 patent remains open and will continue in accordance with established </font><font class="_mt" size="2"><i>Inter Partes</i></font><font class="_mt" size="2"> Reexamination procedures. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>'537 Patent Reexamination </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As noted previously, in April 2010, Inphi requested and was later denied an </font><font class="_mt" size="2"><i>Inter Partes</i></font><font class="_mt" size="2"> Reexamination of the '537 patent by the USPTO. In June 2010, Inphi submitted a new request and was later granted an </font><font class="_mt" size="2"><i>Inter Partes</i></font><font class="_mt" size="2"> Reexamination of the '537 patent by the USPTO. In September 2010, the USPTO issued a Non-Final Action confirming the patentability of four claims. In October 2010, the Company responded by amending or canceling some of the claims, adding new claims, and making arguments as to the validity of the rejected claims in view of cited references. Inphi filed its comments on the Company's response in January 2011. In June 2011, the USPTO issued an Action Closing Prosecution ("ACP") which reconfirmed the patentability of the four claims. In August 2010, the Company responded by amending some of the claims and making arguments as to the validity of the rejected claims in view of cited references. Inphi filed its comments on the Company's response in September 2011. The USPTO issued a Right of Appeal Notice in February 2012, in which the claims rejection has been withdrawn, thus confirming the patentability of all sixty (60)&nbsp;claims in view of all the previously submitted comments by both Inphi and the Company. Either party has one month to file&nbsp;a notice of appeal with the USPTO. However, in accordance with established </font><font class="_mt" size="2"><i>Inter Partes</i></font><font class="_mt" size="2"> Reexamination procedures, if no party files&nbsp;a timely notice of appeal, then the reexamination of the '537 patent will be concluded and the Director of the USPTO will proceed to issue and publish a certificate under 37 CFR 1.997. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>'274 Patent Reexamination </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As noted previously, in April 2010, Inphi requested and was later denied an </font><font class="_mt" size="2"><i>Inter Partes</i></font><font class="_mt" size="2"> Reexamination of the '274 patent by the USPTO. In June 2010, Inphi submitted a new request and was later granted an </font><font class="_mt" size="2"><i>Inter Partes</i></font><font class="_mt" size="2"> Reexamination of the '274 patent by the USPTO. In September 2011, the USPTO issued a Non-Final Action, confirming the patentability of six claims. The Company has responded by amending or canceling some of the claims, adding new claims, and making arguments as to the validity of the rejected claims in view of cited references. Inphi filed its comments on the Company's response in November 2011. The reexamination of the '274 patent remains open and will continue in accordance with established </font><font class="_mt" size="2"><i>Inter Partes</i></font><font class="_mt" size="2"> Reexamination procedures. </font></p><a name="page_fs45603_1_33"> </a>

<p style="font-family: times;"><font class="_mt" size="2"><i>Other Concluded Litigation </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In March 2010, Ring Technologies Enterprises filed a patent infringement lawsuit against Dell and its forty-two of its suppliers. In July 2011 the court dismissed all claims in this action against the Company, without prejudice, with each party to bear its own costs, expenses and attorney's fees. The case against the Company is now closed. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><b>Other Contingent Obligations </b></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During its normal course of business, the Company has made certain indemnities, commitments and guarantees under which it may be required to make payments in relation to certain transactions. These include (i)&nbsp;intellectual property indemnities to the Company's customers and licensees in connection with the use, sales and/or license of Company products; (ii)&nbsp;indemnities to vendors and service providers pertaining to claims based on the Company's negligence or willful misconduct; (iii)&nbsp;indemnities involving the accuracy of representations and warranties in certain contracts; (iv)&nbsp;indemnities to directors and officers of the Company to the maximum extent permitted under the laws of the State of Delaware; and (v)&nbsp;certain real estate leases, under which the Company may be required to indemnify property owners for environmental and other liabilities, and other claims arising from the Company's use of the applicable premises. The duration of these indemnities, commitments and guarantees varies and, in certain cases, may be indefinite. The majority of these indemnities, commitments and guarantees do not provide for any limitation of the maximum potential for future payments the Company could be obligated to make. Historically, the Company has not been obligated to make significant payments for these obligations, and no liabilities have been recorded for these indemnities, commitments and guarantees in the accompanying consolidated balance sheets.</font></p> </div><span></span></td>
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                <p>The entire disclosure for commitments and contingencies.</p>
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          <div class="a">Research And Development [Member]</div>
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        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensation', window );">Stock-based compensation expense</a></td>
        <td class="nump">600<span></span></td>
        <td class="nump">357<span></span></td>
      </tr>
      <tr class="rh">
        <td class="pl" style="border-bottom: 0px;" valign="top">
          <div class="a">Selling, General And Administrative [Member]</div>
        </td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ShareBasedCompensation', window );">Stock-based compensation expense</a></td>
        <td class="nump">$ 941<span></span></td>
        <td class="nump">$ 1,083<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ShareBasedCompensation">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ShareBasedCompensation</nobr></td>
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                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
    </div>
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<html>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EME">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Supplemental Financial Information<br></strong></div>
        </th>
        <th class="th" colspan="1">12 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Dec. 31, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_nlst_SupplementalFinancialInformationAbstract', window );"><strong>Supplemental Financial Information [Abstract]</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_nlst_SupplementalFinancialInformationTextBlock', window );">Supplemental Financial Information</a></td>
        <td class="text"><div> <p style="font-family: times;"><font class="_mt" size="2"><b>Note 3&#8212;Supplemental Financial Information </b></font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Inventories </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories consist of the following (in thousands): </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="64"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="50"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>December&nbsp;31,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>January&nbsp;1,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Raw materials</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">4,312</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">2,631</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Work in process</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">237</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">171</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Finished goods</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,508</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,707</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;">&nbsp;</p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">6,057</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">4,509</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr></table></div></div><a name="page_fo45603_1_16"> </a>

<p style="font-family: times;"><font class="_mt" size="2"><i>Property and Equipment </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Property and equipment consist of the following (dollars in thousands): </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="53"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="64"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="50"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" align="center"><font class="_mt" size="1"><b>Estimated<br />Useful<br />Lives </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>December&nbsp;31,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>January&nbsp;1,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Machinery and equipment</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="center"><font class="_mt" size="2">3-7 yrs.</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">8,130</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">7,595</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Leasehold improvements</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="center"><font class="_mt" size="2">*</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,817</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,795</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Furniture and fixtures</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="center"><font class="_mt" size="2">5 yrs.</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">457</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">457</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Computer equipment and software</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="center"><font class="_mt" size="2">3-7 yrs.</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">3,365</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">3,099</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;">&nbsp;</p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="center"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">13,769</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">12,946</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="white"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Less accumulated depreciation and amortization</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="center"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(10,998</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">(8,869</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">)</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;">&nbsp;</p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="center"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">2,771</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">4,077</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr></table></div>
<hr  align="left" size="1" width="26%" noshade="noshade" />
</div>

<div style="position: relative; text-align: left; padding-bottom: 0pt; padding-left: 0pt; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times; margin-bottom: -11pt;"><font class="_mt" size="2">*</font></p>

<p style="font-family: times;"><font class="_mt" size="2">Estimated useful life is generally 7 years, or the remaining lease term, whichever is shorter. </font></p></div>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Included in property and equipment are assets under capital leases with a cost of approximately $0.5&nbsp;million and $0.6&nbsp;million and accumulated amortization of approximately $0.1&nbsp;million and $0.1&nbsp;million at December&nbsp;31, 2011 and January&nbsp;1, 2011, respectively. Amortization of assets recorded under capital leases is included as a component of depreciation and amortization expense. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Warranty Liability </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table summarizes the activity related to the warranty liability (in thousands): </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="64"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="50"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"><font class="_mt" size="1"><b>Year Ended </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="1">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>December&nbsp;31,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>January&nbsp;1,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Beginning balance</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">194</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">240</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Estimated cost of warranty claims charged to cost of sales</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">342</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">271</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Cost of actual warranty claims</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(347</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(317</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Ending balance</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">189</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">194</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Less current portion</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(94</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(109</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Long-term warranty obligations</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">95</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">85</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr></table></div></div>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The allowance for warranty liabilities expected to be incurred within one year is included as a component of accrued expenses and other current liabilities in the accompanying consolidated balance sheets. The allowance for warranty liabilities expected to be incurred after one year is included as a component of other liabilities in the accompanying consolidated balance sheets. </font></p>

<p style="font-family: times;"><font class="_mt" size="2"><i>Facility Relocation Costs </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In accordance with ASC Topic 420, the Company recorded accruals related to the 2007 sublet of its former domestic headquarters facility and the 2009 sublet of a portion of its current headquarters facility. The master lease on the former facility and both subleases reached the conclusion of their terms in 2010. The Company determined that its estimates regarding the net payments due under the subleases exceeded its actual liability. As a result, the Company reversed approximately $61,000 of its accrual for facility relocation costs. The reversal of the accrual is included as a component of selling, general and administrative expense in the accompanying consolidated statement of operations for 2010. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table summarizes the activity and liability balance related to the facility relocation costs (in thousands): </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="27"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Liability balance, January&nbsp;2, 2010</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">84</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Charged to costs and expenses</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(61</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Net payments</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(23</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Liability balance, January&nbsp;1, 2011</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr></table></div></div>

<p style="font-family: times;"><font class="_mt" size="2"><i>Comprehensive Loss </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The components of comprehensive loss, net of taxes, consist of the following (in thousands): </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="64"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="50"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"><font class="_mt" size="1"><b>Year Ended </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="1">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>December&nbsp;31,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>January&nbsp;1,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Net loss</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(5,599</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(15,115</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Other comprehensive loss:</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Change in net unrealized loss on investments</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Unrealized loss transferred from other comprehensive loss to earnings</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">59</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">&#8212;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Net unrealized loss on investments, net of tax</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(4</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(54</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Total comprehensive loss</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(5,544</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(15,169</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr></table></div></div>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss reflected on the consolidated balance sheets at December&nbsp;31, 2011 and January&nbsp;1, 2011 represents accumulated net unrealized losses on investments in marketable securities. </font></p><a name="page_fq45603_1_18"> </a>

<p style="font-family: times;"><font class="_mt" size="2"><i>Computation of Net Loss Per Share </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth the computation of basic and diluted net loss per share, including the reconciliation of the numerator and denominator used in the calculation of basic and diluted net loss per share (in thousands, except per share data): </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="64"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="50"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"><font class="_mt" size="1"><b>Year Ended </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="1">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>December&nbsp;31,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>January&nbsp;1,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2"><b>Basic and diluted net loss per share:</b></font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Numerator: Net loss</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(5,599</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(15,115</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Denominator: Weighted-average common shares<br />outstanding, basic and diluted</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">25,086</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">23,779</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Basic and diluted net loss per share</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(0.22</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(0.64</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr></table></div></div>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth potentially dilutive common share equivalents, consisting of shares issuable upon the exercise or vesting of outstanding stock options and restricted stock awards, respectively, and the exercise of warrants, computed using the treasury stock method. These potential common shares have been excluded from the diluted net loss per share calculations above as their effect would be anti-dilutive for the years then ended (in thousands): </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="64"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="50"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"><font class="_mt" size="1"><b>Year Ended </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="1">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>December&nbsp;31,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>January&nbsp;2,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="top" bgcolor="#cceeff"><td style="font-family: times;" valign="bottom">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Common share equivalents</font></p></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,455</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" valign="bottom" align="right"><font class="_mt" size="2">1,948</font></td>
<td style="font-family: times;" valign="bottom"><font class="_mt" size="2">&nbsp;</font></td></tr></table></div></div>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The above common share equivalents would have been included in the calculation of diluted earnings per share had the Company reported net income for the years then ended. </font></p><a name="page_fq45603_1_19"> </a>

<p style="font-family: times;"><font class="_mt" size="2"><i>Cash Flow Information </i></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth supplemental disclosures of cash flow information and non-cash investing and financing activities (in thousands): </font></p>

<div style="position: relative; padding-bottom: 0pt; padding-left: 0pt; width: 70%; padding-right: 0pt; margin-left: 15%; padding-top: 0pt;">

<p style="font-family: times;"> </p>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td style="font-family: times;"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="64"> </td>
<td style="font-family: times;" width="12"> </td>
<td style="font-family: times;" width="7" align="right"> </td>
<td style="font-family: times;" width="50"> </td>
<td style="font-family: times;" width="12"> </td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="2">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="5" align="center"><font class="_mt" size="1"><b>Year Ended </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom"><td style="font-family: times;" align="left"><font class="_mt" size="1">&nbsp;</font><br /></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>December&nbsp;31,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td>
<td style="border-bottom: #000000 1pt solid; font-family: times;" colspan="2" align="center"><font class="_mt" size="1"><b>January&nbsp;1,<br />2011 </b></font></td>
<td style="font-family: times;"><font class="_mt" size="1">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Supplemental disclosure of cash flow information:</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Cash paid (received) during the year for:</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 30pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Interest</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">227</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">96</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 30pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Income taxes</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">4</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">(715</font></td>
<td style="font-family: times;"><font class="_mt" size="2">)</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 10pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Supplemental disclosure of non-cash investing and financing acitivies:</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Purchase of equipment through capitalized lease obligations</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">117</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">351</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Debt financed acquisition of assets</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">169</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">199</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="bottom" bgcolor="white"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Purchase of equipment not paid for at the end of the year</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">2</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">292</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr>
<tr valign="bottom" bgcolor="#cceeff"><td style="font-family: times;">

<p style="text-indent: -10pt; font-family: times; margin-left: 20pt;"><font class="_mt" size="2"> </font><font class="_mt" size="2">Unrealized losses from investments in marketable securities</font></p></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">4</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">$</font></td>
<td style="font-family: times;" align="right"><font class="_mt" size="2">54</font></td>
<td style="font-family: times;"><font class="_mt" size="2">&nbsp;</font></td></tr>
<tr style="font-size: 1.5pt;" valign="top"><td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td>
<td style="border-bottom: #000000 3px double; font-family: times;" valign="bottom" colspan="2" align="right">&nbsp;</td>
<td style="font-family: times;" valign="bottom">&nbsp;</td></tr></table></div></div> </div><span></span></td>
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          <div style="width: 200px;"><strong>Segment And Geographic Information<br></strong></div>
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        <td class="text"><div> <p style="font-family: times;"><font class="_mt" size="2"><b>Note 13&#8212;Segment and Geographic Information </b></font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company operates in one reportable segment: the design and manufacture of high-performance memory subsystems for the server, high-performance computing and communications markets. The Company evaluates financial performance on a company-wide basis. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To date, a majority of the Company's international sales relate to shipments of products to its U.S. customers' international manufacturing sites or third- party hubs. Net sales derived from shipments to international destinations, primarily to Hong Kong (including foreign subsidiaries of customers that are headquartered in the U.S.), represented approximately 83% and 70% of the Company's net sales in 2011 and 2010, respectively. All of the Company's net sales to date have been denominated in U.S. dollars. </font></p>

<p style="font-family: times;"><font class="_mt" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of December&nbsp;31, 2011 and January&nbsp;1, 2011, approximately $1.5&nbsp;million and $2.3&nbsp;million of the Company's long-lived assets, net of depreciation and amortization, respectively, were located outside the U.S., primarily in the PRC. Substantially all other long-lived assets were located in the U.S.</font></p> </div><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.</p>
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