The 2006-07 New Orleans/Oklahoma City Hornets season was the team's 5th in the NBA. The Hornets split their games between the New Orleans Arena and the Ford Center, playing the majority of their schedule in Oklahoma City as they had in the previous season. The Hornets improved by one win, finishing 39-43, but failed to reach the playoffs.

Based on the paragraph above can we conclude that "The 2006-07 New Orleans/Oklahoma City Hornets underperformed."?
Yes