1. The Current State Of The Technology M&A and IPO Markets October 2006 Presented by: David Liu MANAGING DIRECTOR, JEFFERIES BROADVIEW [email_address]

2. While The M&A Market Has Recovered, The IPO Market Is Still Lackluster 252 41 71 106 164 216 460 600 239 169 187 218 274 148 132 225 273 173 112 325 230 22 20 20 49 45 27 0 100 200 300 400 500 600 700 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006YTD 0 50 100 150 200 250 300 350 Source: Jefferies Broadview's Global Mergers & Acquisitions and IPO databases. Number of M&A Transactions Number of IPOs M&A (Transactions > $50MM) and IPO Activity 1993 – 200 6YTD North America – Technology 280 3 1 313

3. 2006 YTD US Technology IPO Activity Priced Transactions Company Subsector Pricing CommVault Systems Comm. Equipment Top DivX Software Above Riverbed Technology Comm. Equipment Above Innerworkings New Media Top Qimonda Semiconductors Below WNS Holdings Services Top Gmarket New Media Top Omniture New Media Below Techwell Semiconductors Below Synchronoss Services Below Verigy Semiconductors Below LoopNet New Media Mid CPI International Comm. Equipment Top Corel Software Below Visicu Software Above Himax Technologies Semiconductors Top China GrenTech Semiconductors Above Nextest Systems New Media Bottom Eagle Test Systems Semiconductors Within Liquidity Services New Media Mid SMART Modular Semiconductors Below Digital Music Group New Media Within Traffic.com New Media Within Backlog Company Subsector IBuyDigital.com New Media Optium Semiconductors Withdrawn/Postponed Company Subsector Go Daddy Group New Media Alien Technology Semiconductors Bidz.com New Media Wintegra Semiconductors Ritz Interactive New Media Technology Spectrum Services On The Road Company Subsector Pricing Date 09/21/06 09/21/06 09/20/06 08/15/06 08/08/06 07/25/06 06/28/06 06/27/06 06/21/06 06/14/06 06/12/06 06/06/06 04/27/06 04/25/06 04/04/06 03/30/06 03/29/06 03/21/06 03/08/06 02/22/06 02/02/06 02/01/06 01/24/06 While t he markets were closed over the past several months , recent activity suggests the markets may be opening again Shutterfly New Media Top 09/28/06 eHealth New Media Acme Packet Comm. Equipment Above 10/12/06 10/12/06 SAIC Services Top 10/12/06 Above IPG Photonics Comm. Equipment Mitel Networks Comm. Equipment Local Matters New Media Veraz Networks Comm. Equipment Netlist Semiconductors Jazz Semiconductor Semiconductors Wireless Ronin Technologies Services Paradigm Software Double-Take Software Software Mellanox Technologies Semiconductors

8. Venture-Backed Private Company Exits Are On The Rebound (1) Source: Jefferies Broadview's Global Mergers & Acquisitions database. Venture capital-backed companies out of total North American Private Seller Transactions > $50MM (1) #

10. High-Multiple Exits Are Becoming Increasingly Frequent Representative Transactions Since 2004 with Price/Revenue Multiples > 10x Between 2003-2004, there were 17 transactions with > 10x price/revenue multiples. In 2004-2005, this number more than doubled to 36 (1) (1) North American transactions > $50MM. 12x 10/06 15x 5/04 > 10x 8/06 15x 6/06 11x 5/06 > 10x 4/06 3/04 3/05 4/05 6/05 8/05 9/05 9/05 9/05 11/05 12/05 4/06 Date > 25x > 400x 12x 26x 28x > 20x > 10x 33x 11x 17x 13x Price/Revenue Buyer Seller

14. While Still Dominated By Large Public IT Buyers, Private Equity Firms Have Become Increasingly Active In Technology M&A Buyer Profiles for Enterprise Software Transactions (Transactions > $50MM) In 2005, large public buyers represented approximately 60% of all buyers in the Enterprise Software market Private Equity firms represented nearly 20% of all buyers, up from 5% in 2001

16. Additional Q&A has been acquired by June 2006 Financial Advisor to the Seller $420,000,000 has agreed to be acquired Pending Financial Advisor to the Buyer Confidential has acquired August 2006 Financial Advisor to the Buyer $375,000,000