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Carroll had owned and operated Carroll Consultants Ltd., an employee benefits firm, from the same Wayne office. He never retired. Born in Philadelphia to Henry Aloysius and Margaret Patricia McNulty Carroll, he grew up in Havertown and graduated from St. JosephsPreparatorySchool. He earned a bachelors degree in business and accounting from St. JosephsUniversity. Mr. Carroll served in the Air Force and was stationed in East Anglia, England, when he contracted paralytic polio in November 1958. Honorably discharged in 1959, he told his family that he had tried to get vaccinated against the disease

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Conservative perhaps, but I'd note that Iteris is basically building this business from the ground up. Even though the revenue base is tiny today, the ag business is already generating gross margin close to 40%, and I believe this can be a very profitable business at scale (an 80% gross margin target is not unreasonable). I expect margins from the traffic business to offer less upside, though greater adoption of data-driven systems could offer some scale opportunities. The key issue with modeling Iteris, then, is estimating how large the ag business will get. I suspect most investors would

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