FULL CREDIT TO ALL UNDERWRITERS

RANKED BY AFTER-MARKET PERFORMANCE#
Underwriter

(Number Of Offerings As Lead/Co-Manager)

#After-Market Performace (Average)


Merriman Curhan Ford & Co. (1)

+42%

Cowen & Co. (2)

+28%

Bank of America Securities (6)

+15%

Piper Jaffray & Co. (1)

+15%

JP Morgan Securities (8)

+7%

Bear, Stearns & Co. (5)

+3%

Punk Ziegel & Co. (3)

+3%

Credit Suisse Securities (1)

+0.2%

UBS Investment Bank (9)

-1%

Mercer Capital Ltd. (1)

-3%

CIBC World Markets (6)

-8%

Deutsche Bank Securities (4)

-9%

Morgan Stanley (9)

-10%

Lehman Brothers (7)

-10%

Lazard Capital Markets LLC (1)

-12%

Jefferies & Co. (3)

-14%

C.E. Unterberg, Towbin (1)

-19%

Needham & Co. (1)

-24%

Merrill Lynch & Co. (6)

-25%

Maxim Group LLC (2)

-28%

Pacific Growth Equities (3)

-40%

MDB Capital Group LLC (1)

-43%

RBC Capital Markets (1)

-50%


Notes
* The offerings in this chart include only those that were completed on U.S. stock exchanges (NASDAQ, NYSE or AMEX) from Jan. 1 Aug. 31, 2007. Gross proceeds include additional funding raised from the exercise of overallotment options, when disclosed.
# After-market performance is expressed as the percent change in stock price between the offering price and the closing price on 9/14/07. For underwriters with multiple offerings, the after-market performance (as a percent change) was calculated for each stock in that underwriter's "group," the percentage summed, and then averaged.

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