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The merger brings together these leading enterprise software visionaries to accelerate the delivery of solutions that significantly reduce the complexity of managing large enterprises through innovative products, an extensive worldwide distribution network and superior technical expertise. The transaction is to be accounted for as a pooling of interests and is to be treated as a tax-free reorganization for federal income tax purposes. The merger extends BMC Software's undisputed leadership in application service level management across the enterprise. What makes this combination so exciting is the coherence of our shared vision, products and emphasis on customer support and satisfaction. The new company will gain critical mass and expanded channel reach that clearly establish us as a preeminent player in today's highly competitive and rapidly changing market.