It had become a very long and complex process and we thought it was better to withdraw so we could focus on our customers.

We are entering the second quarter with a high level of activity and many initiatives in our pipeline.

I am very pleased to welcome Dan to our board of directors. As one of the most regarded executives in Israel, Dan brings a broad business perspective as well as a wealth of experience to our board, making him a valuable addition to the team.

Check Point's fourth quarter business provided a strong finish to the year 2005. Our fourth quarter and annual 2005 financial results reached record levels across earnings per share, revenues, deferred revenues, and cash balances.

I thought our intensity in the second half just wasn't there. I thought A&T did a good job of coming back. We have to handle the ball better and make better decisions if we want to advance in a tournament like this.

I did this because I thought it was imperative to the public and to Mr. Fuhrman that not only there actually be fairness in this process but there be a total appearance of fairness,