We believe management wanted to reset the guidance bar as low as possible following four downward earnings revisions in the past six months.

Professional services business continues to improve. Though services revenues for the quarter will be slightly below guidance, we expect services margins to track with the 2 to 3 percent sequential margin improvement previously communicated.

The key will be 1Q06 CAC, in our opinion, which will drive 2006 estimates. Given management provided guidance for 1Q06 CAC to be approximately the same as 1Q05 CAC, we have greater confidence the company will be able to achieve our estimates.

The slight earnings disappointment is compensated by the positive outlook on dividends, where management guidance is moving towards our more aggressive dividend payment assumptions.

Every terminal we send out now has audio guidance capabilities. The only ones in which the software actually supports this is the U.S., but all countries are capable of talking.

Today's drop is because of missed earnings expectations for the fourth quarter and also that the guidance for the 2006 production was slightly underwhelming.