Brent Thill Calendar Quotations

We forecast strong spending on software applications in calendar year 2001. But the priority stack has shifted towards supply chain/B2B collaboration and select areas of CRM/content management. We believe the heavy damage is already done. While we can't call the absolute bottom, we believe we are nearing the trough.

We expect sluggish sales in the first half of 2006 due to a continuation of calendar 2005 themes.