We had a small company meeting, where we said if a car rings any bells like it might be a flood car, we want to know about it in the office, first thing.

The fact that the company did so well in 2005 is noteworthy, particularly due to the changes it went through. We are confident that our vision of creating a fully-integrated, global alternative to current models - together with our strong management team - will be a tremendous asset for both current and future clients.

A company promised to do something on time or within a reasonable amount of time and they did not deliver.

The outlook revision on San Miguel reflects our view that the company is likely to be less aggressive in its future acquisitions, thereby reducing the likelihood of further deterioration in its financial risk profile.

It's a very difficult model to transition to, especially for a public company.

You'd be hard pressed to find another company that serves-up that many API calls.