This paper contains two theorems concerning the theory of maximal
Cohen--Macaulay modules. The first theorem proves that certain Ext groups
between maximal Cohen--Macaulay modules M and N must have finite length,
provided only finitely many isomorphism classes of maximal Cohen--Macaulay
modules exist having ranks up to the sum of the ranks of M and N. This has
several corollaries. In particular it proves that a Cohen--Macaulay local ring
of finite Cohen--Macaulay type has an isolated singularity. A well-known
theorem of Auslander gives the same conclusion but requires that the ring be
Henselian. Other corollaries of our result include statements concerning when a
ring is Gorenstein or a complete intersection on the punctured spectrum, and
the recent theorem of Leuschke and Wiegand that the completion of an excellent
Cohen--Macaulay local ring of finite Cohen--Macaulay type is again of finite
Cohen--Macaulay type. The second theorem proves that a complete local
Gorenstein domain of positive characteristic p and dimension d is
F-rational if and only if the number of copies of R splitting out of
R1/pe divided by pde has a positive limit. This result generalizes
work of Smith and Van den Bergh. We call this limit the F-signature of the
ring and give some of its properties.Comment: 14 page