Upon completion of each buyout, cash is deposited into the brokerage accounts of the shareholders
in lieu of their shares.

Year 2010 Buy-outs

Company	Symbol	We Bought at $	Agreed upon Buyout Price $	by	[X] =completed
ADC Telecomunications	ADCT	$12.60	$12.75	Tyco
Maine and Maritimes	MAM	$43.90	$45	Emera
3COM	COMS	$7.46	$7.90	Hewlett-Packard	X

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Year 2009 Buy-outs

Company	Symbol	We Bought at $	Agreed upon Buyout Price $	by	[X] =completed
Starent Networks	STAR	$33.80	$35.00	Cisco	X
Budweiser	BUD	$73.20	$75.00	In Bev	X

Year 2008 Buy-outs

Company	Symbol	We Bought at $	Agreed upon Buyout Price $	by	[X] =completed
ChoicePoint	CPS	$48.77	$50.00	Reed Elsevier	X
Darwin Professional Underwriters	DR	$30.91	$32.00	Allied World Assurance Co.	X
Safeco	SAF	$66.45	$68.25	Liberty Mutual Insurance	X
Excel Technology	XLTC	$30.22	$32.00	GSI Group (GSIG)	X
NDS Group	NNDS	$58.50	$60.00	News Corp. & Permira
NAVTEQ	NVT	$76.81	$78.00	Nokia	X
Radyne Corp.	RADN	$11.13	$11.50	Comtech Telecommunications	X
Performance Food Group	PFGC	$31.17	$34.50	Blackstone Group and Wellspring Capital Management	X

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Year 2007 Buy-outs

Company	Symbol	We Bought at $	Agreed upon Buyout Price $	by	[X] =completed
Avaya	AV	17.02	17.5	Capital and Silverlake Partners	X
Checkfree	CKFR	46.71	48	Fiserv	X
SunCom Wireless	TPC	25.57	27	T-Mobile	X
Solectron	SLR	3.75	3.89	Flextronics	X (We sold at $3.99)
Digene	DIGE	56.25	61.25	Qiagen	X
Ceridian	CEN	35.0	36.0	Thomas Lee Partners	X

Year 2006 Buy-outs

Company	Symbol	We Bought at $	Projected Buyout Price $	by	[X] =completed
CNS	CNXS	36.8	37.50	GlaxoSmithKlein	X
JLG Industries	JLG	27.51	28	Oshkosh Truck Corp.	X
Open Solutions	OPEN	37.25	38	Carlyle Group	X
Intrawest	IDR	34.2	35	Fortress Investment Group	X
Saxon Capital	SAX	13.88	14.10	Morgan Stanley	X (We sold at 14.21)
Aramark "B"	RMK	32.5	33.80	CEO and an investment group	X
Reynolds & Reynolds Co	REY	38.75	40	Universal Computer Systems	X
Beverly Enterprises	BEV	12	12.50	Fillmore Strategic Investors	X
Tommy Hilfiger	TOM	16	16.80	Apax Partners	X
Intellisync	SYNC	5.19	5.25	Nokia	X
IPAYMENT	IPMT	41.50	43.50	CEO Gregory S. Daily	X
ENTERASYS Networks	ETS	13.25	13.92	Investment groups Gores and Tennenbaum	X
CAP ROCK ENERGY	RKE	21	21.75	Lindsay Goldberg & Bessemer	X

Year 2005 Buy-outs

Company	Symbol	We Bought at $	Projected Buyout Price $	by	[X] =completed
Siebel	SEBL	10.3	10.66	Oracle	X
Instinet Group	INGP	5.22/4.90	5.44/5.10	NASDAQ	X Before/after dividend of $0.32
Mylan Laboratories	MYL	16.75	20	To be Determined; Carl Icahn buying shares	X (We sold at 19.56)
MCI	MCIP	22.5	26.5	Verizon	X (We sold at 26.65) Bonus: dividend $0.40

Year 2004 Buy-outs

Company	Symbol	We Bought at $	Projected Buyout Price $	by	[X] =completed
Peoplesoft	PSFT	20.5	26.5	Oracle	X(sold at 26)
AT&T Wireless	AWE	11.125	15	Cingular	X

We accept no liablility for this advice,inasmuch as past performance is no guarantee of future results.

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