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Definitions of easily measurable electrical parameters of I/SUP 2/L cells are given. These parameters are used in analysis of static and dynamic behavior of cascaded inverters. Simple expressions are derived for voltage-current-power- and energy-noise margins, recovery time, fall time, and stage delay at high injector current. The analysis is one dimensional. A saturation control circuit for improving intrinsic delay for Schottky I/SUP 2/L is discussed.