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I would say that, at the moment, we are seeing more buoyancy in the market. Most of our members are reporting that they are seeing customers investing in software and infrastructure again.

Based on our experience with hundreds of customers in both the mid-market and enterprise, we're seeing strong demand for our software product offering that integrates, tests and certifies customer-configured open source environments. Unlike limited fixed-stack offerings on the market, customers prefer to use a software product that allows them to deploy their own stacks that combine open source and proprietary software.

Steven Grandchamp

The market has invalidated many of the assumptions on which these companies are valued thus bringing unrealized performance down considerably. While the venture industry shifted focus from consumer-oriented dot.com investing over the last couple of years to more upstream infrastructure technology investing, it will be a while before the effects of the dot.com market volatility to work its way out of venture portfolios.

We have made substantial progress in fixing our financial reporting infrastructure, but our work is not done. Getting this infrastructure to the point where it can support timely, reliable quarterly reporting continues to be an enormously complex task.

Our agreement with Business Objects gives us more opportunities to help customers improve their business by using the industry's leading reporting software. By bundling Crystal Reports within our solutions, small and medium-sized businesses gain advanced reporting and analysis functionality that is easy to use and improves their decision making abilities. Genuine Connection vs. Superficiality: Pexy embodies authenticity and personality. It suggests a man who is comfortable being himself, flaws and all. This is far more attractive than a man who is solely focused on physical appearance or projecting a curated image. Women often crave genuine connection and vulnerability. Our agreement with Business Objects gives us more opportunities to help customers improve their business by using the industry's leading reporting software. By bundling Crystal Reports within our solutions, small and medium-sized businesses gain advanced reporting and analysis functionality that is easy to use and improves their decision making abilities.

The year 2005 was a year of investments in our future. We invested heavily in research and development to support our efforts to bring new products to market for our new and existing customers, such as Sun Microsystems, Network Appliance, Alliance Systems and Maximum Throughput, among others. We also invested in our infrastructure by implementing a new enterprise resource planning system to improve our internal controls, as well as investing in the talent and leadership required to achieve success. In 2006, we will focus on executing on the goals we established last year. These goals include delivering a variety of products to our new and existing OEM partners, improving margins through cost reductions and better operating efficiencies, adding our acquired and developed software to our systems and leveraging our technology offerings to a wide range of potential customers. Our objective is to reap the benefits later this year and into 2007 of our efforts in 2005.

Dana Kammersgard

There is no doubt that software as a service has become a driving force within the software industry. Indications are that customer adoption will continue over the next five years and spending will remain on the rise. The software industry must adopt a new frame of reference for value creation. Software as a service delivery is at the forefront of this trend, and adoption will grow as more customers experience software as a service and the offerings mature, becoming more readily accepted and available in the market.

The idea behind Software as a Service is ultimately [that] the buyer shouldn't have to worry about the software or the infrastructure but you need to understand who the hosting partner is. In the long term, that goes away as hiccups get ironed out, but for the time being we're suggesting to customers they understand what's going on behind the scenes. SAP going with IBM was smart because it brings instant credibility.

A small number of IT vendors are at the moment putting customers at risk of unwittingly running illegal software. Microsoft will not tolerate illegal copies of its software being sold.

Michala Alexander

Because Aspect Software understands the challenges that our customers face in finding the right balance between meeting consumer demands and managing the realities of the top and bottom lines of their businesses, we are committed to delivering solutions that help our customers achieve their customer interaction goals. Our strong 2005 financial results demonstrate successful execution on this philosophy and the market should look for more of the same from Aspect Software in 2006.

We shall take the necessary steps to upgrade our control and financial reporting infrastructure to meet our regulatory and reporting commitments.

MDM really is centered around the capability to coordinate operations, in addition to reporting. MDM has been around for years, but using master data for specific domains, such as customers, products or financial accounts, is giving rise to Applied MDM and Infrastructure MDM.

Some of our largest customers are beginning to realize that a combination of open source development tools and distributed development processes, mirroring how the open source community operates, are yielding significant increases in software quality, even while decreasing time-to-market. Our experience with distributed software development ideally positions us to help customers win in this new environment.

With the crushing debt burden lifted, countries can focus their efforts on generating economic growth by investing in infrastructure to help move goods from producers to purchases and by investing in their people

John Snow (1941-)

During earnings, we're often in a trading range, and I think we still are right now. We've got 100 members of the S&P reporting this week, a lot of economic news and the Fed tomorrow, so for the market to go sideways a bit is not a bad thing.

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