The squeeze is coming, ... With this number of cases and these types of awards, the stability of the company is at risk.

The legal victory represents a significant reduction in the risk profile of the company. The company's fending off of this major threat is likely to lift sentiment for the entire large-cap pharmaceutical group through the remainder of 2005.

They got slammed. The credibility of this company has been damaged and will continue to be so for some time until they can deliver.

2005 was a pivotal year for Apache. By achieving profitability, we have proven our long-term stability as a company. The strength of our business will enable us to expand our investment in the development and support of our technology, allowing us to provide solutions for the upcoming design challenges.

When all is said and done, we expect the company will likely be able to exceed its conservative forecast.

Because of the long-term growth outlook for the company and the stability of earnings generated by the royalty revenue, we are willing to give the company a premium over its peers.