Volume Above Avg. Below Avg.

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GICS Sector Information Technology Sub-Industry Systems Software

Summary This Maryland company designs, manufactures, supplies and services restaurant point-of-sale computer systems and hotel management systems.

Key Stock Statistics(Source S&P, Company Reports, Vickers)

Price as of Jun 9, 2006 $42.10 Dividend Rate/Share Nil $10K Invested 5 Yrs Ago $40,481 Total Shares Outstg. (M) 38.9

52-Wk Range $55.35–37.86 Trailing 12-Month P/E 28.3 Beta 0.90 Market Capitalization(B) $1.636

Trailing 12-Month EPS $1.49 Tangible Book Val/Share $6.40 Yield (%) Nil Institutional Ownership (%) 97

Price Performance

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A

2003 2004 2005 2006

2-for-1 30-Week Mov. Avg.

10-Week Mov. Avg.

Relative Strength GAAP Earnings vs. Previous Year Up Down No Change

Volume Above Avg.

Below Avg.

10 20 30 60

0 800 1600 2400 Vol.

(000)

Options: ASE

S&P Analyst Karen Sack

Quantitative Evaluations

S&P Earnings & Dividend Rank B

D C B- B B+ A- A A+

S&P Fair Value Rank 3-

1 2 3 4 5

LOWEST HIGHEST

Fair Value Calculation $38.20

Insider Activity Neutral

UNFAVORABLE NEUTRAL FAVORABLE

Volatility Average

LOW AVERAGE HIGH

Technical Evaluation BEARISH

Since April, 2006, the technical indicators for MCRS have been BEARISH.

Relative Strength Rank MODERATE 65

LOWEST = 1 HIGHEST = 99

Operational Review May 18, 2006 Revenue/Earnings Data

Income Statement Analysis & Financial Review Revenues in the nine months ended March 31, 2006, rose 15%, year to year, mainly reflecting higher service revenues resulting from expansion of the customer base and the increased volume of support services, and greater hardware sales due primarily to the acquisition of JTECH in January 2005. Gross margins were essentially flat, and after lower R&D costs and depreciation and amortization, income from operations increased 19%.

Following higher non-operating income, and taxes at 32.5%, versus 30.7%, net income was up 18%, to $42,150,000 ($1.04 a share, on 2.9% more shares), from $35,592,000 ($0.90).

In the first quarter, revenues advanced 12%, year to year, mainly on higher service and hardware revenues. Gross margins narrowed on a signifi- cant increase in lower-margin third-party hardware sales, but with SG&A expenses decreasing as a percentage of total revenues and declines in R&D costs and depreciation and amortization, income from operations was up 13%. After taxes at 32.5%, versus 25.0%, net income rose 10%, to

$15,594,000 ($0.38 a share) from $14,178,000 ($0.35).

Key Operating Information

MICROS said that it operates in highly competitive

markets and competes on product functionality, service capabilities, price and geography. The company believes that its competitive strengths include its global distribution and service net- work, a broad array of hardware, software and service products to the hospitality and retail industry and its corporate focus on providing spe- cialized information systems solutions.

Recent Developments

In April, MCRS increased its FY 06 (Jun.) revenue guidance to $667 million - $672 million, and raised its GAAP net income guidance to between $60.6 million and $61.3 million. EPS of $1.50 to $1.51 is expected.

The company said that it was pleased with the number of new customer contracts signed across all segments in the third quarter. It anticipates a strong fourth quarter, with revenue estimated at

$180 million to $185 million, and GAAP net income of between $18.8 million and $19.5 million.

In February 2006, the company acquired Commer- cialWare, Inc., a provider of cross-channel retail solutions, for $13.2 million.

Revenue (Million $)

1Q 2Q 3Q 4Q Year

2006 152.0 164.0 171.1 -- --

2005 130.0 141.9 153.4 172.0 597.3 2004 106.4 117.3 121.0 142.8 487.4 2003 86.51 95.55 97.59 120.5 400.2 2002 83.51 90.90 92.38 100.4 367.2 2001 74.01 80.10 81.13 90.15 325.4 Earnings Per Share ($)

2006 0.30 0.35 0.38 -- --

2005 0.25 0.30 0.35 0.45 1.35

2004 0.13 0.23 0.20 0.32 0.86

2003 0.08 0.14 0.16 0.24 0.61

2002 0.03 0.07 0.11 0.15 0.34

2001 -0.03 -0.03 Nil 0.03 -0.02

Fiscal year ended Jun. 30. Next earnings report expected: Late August

Dividend Data

No cash dividends have been paid.

All of the views expressed in this research report accurately reflect our quantitative research models regarding any and all of the subject securities or issuers. No part of our compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed in this research report. This report is for information purposes and should not be considered a solicitation to buy or sell any security. Neither S&P nor any other party guarantees its accuracy or makes warranties regarding results from its usage. S&P receives compensation from the issuer or an agent thereof for initiating coverage, and for distribution including licensed redistribution of this report, and/or for inclusion in other S&P publications, generally in amounts up to U.S. $14,175 per year. Redistribution is prohibited without written permission.

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Business Summary May 18, 2006

MICROS Systems designs, manufactures, markets and services enterprise information solutions for the global hospitality industry. Its information solutions consist of application specific software and hardware systems, supplemented by a wide range of services. Services accounted for 47% of total revenues in FY 05 (Jun.), hardware 37%, and software 16%.

The hospitality industry includes a number of defined market segments, such as lodging (including individ- ual hotel sites, hotel central reservation systems and customer information systems), table service restaurants, quick service restaurants, entertainment venues such as stadiums and arenas, business foodservice operations, transportation foodservice, and cruise ships.

MCRS's enterprise solutions are comprised of three major areas: hotel information systems; restaurant information systems; and specialty retail information systems. In addition to its software enterprise solutions and hardware products, the company offers support services and products for its hotel and restaurant information systems.

Hotel information systems include property management systems (PMS), central reservations systems (CRS), customer information systems (CIS), revenue management systems (RMS), an Internet-based hotel reservations service (hotelBANK), and support services.

PMS software provides for reservations, guest accounting, sales and catering applications, travel agent accounting, engineering management, and interfaces to central reservation and global distribution systems. CRS allows hotels to coordinate, process, track and analyze hotel room reservations at a central fa- cility for electronic distribution to the appropriate lodging site.

CIS software allows hotels to efficiently capture and track relevant information on guests. RMS software allows hotels to manage room rates, occupancy, and the mix of business between corporate and transient customers.

Restaurant systems include POS (point of sale) application software, encompassing transaction control, restaurant operations, accounting data, interfaces to other systems, communications, hardware, and support services.

The services segment includes both services and products. Products include spare parts, media supplies, active power-line conditioners and uninterruptible power supplies. Services consist primarily of installa- tion, operator and manager training, on-site hardware maintenance, customized software development, application software support, and credit card software support.

International sales accounted for 46% of FY 05 revenues. At June 30, 2005, backlog totaled about $98.8 million, up from $78.1 million a year earlier.

In January 2005, the company acquired JTECH Communications, Inc., a leading U.S. provider of on- premises wireless messaging systems for the retail, hospitality and health care industries for $14.1 million.

In May 2003, the company acquired Datavantage Corp., a provider of information technology solutions for the specialty and general merchandise retail industry, for $52.3 million.

Corporate Information Investor Contact

P.J. Rogers, Jr. (443-285-8059)

Office

7031 Columbia Gateway Drive , Columbia , MD, USA 21046-2289.

Telephone 443-285-6000.

Fax 443-285-0466.

Email

[email protected] Website

http://www.micros.com

Officers

Chrmn, Pres & CEO A.L. Giannopoulos Vice Chrmn L.M. Brown, Jr.

EVP & CFO G.C. Kaufman

EVP, Secy & General Counsel

T.L. Patz VP & Cntlr C.A. Russo

Board of Directors L. M. Brown, Jr.

B. G. Dando A. L. Giannopoulos J. G. Puente D. S. Taylor W. S. Watson

Domicile Maryland Founded 1977 Employees 3,253 Stockholders 8,878

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Key Stock Statistics

Price as of Jun 9, 2006 $42.10 Dividend Rate/Share Nil $10K Invested 5 Yrs Ago $40,481 Total Shares Outstg. (M) 38.9

52-Wk Range $55.35–37.86 Trailing 12-Month P/E 28.3 Beta 0.90 Market Capitalization(B) $1.636

Trailing 12-Month EPS $1.49 Tangible Book Val/Share $6.40 Yield (%) Nil Institutional Ownership (%) 97

Key Growth Rates and Averages

Past Growth Rate (%) 1 Year 3 Years 5 Years 9 Years

Sales 22.53 18.02 11.58 11.64

Net Income 61.24 62.55 NM 0.57

Ratio Analysis (Annual Avg.)

Net Margin (%) 8.98 7.08 4.87 5.70

LTD of Capitalization (%) 0.07 0.07 0.21 2.61

Return on Equity (%) 17.65 14.10 9.82 15.16

Expanded Ratio Analysis

2005 2004 2003 2002

Price/Revenue 3.22 3.08 1.93 1.09

Price/EBITDA 21.61 22.51 16.38 11.50

Price/Pretax Income 23.72 26.08 20.79 20.69

Price/Net Income 35.84 45.10 35.51 32.70

Total Shares Outstg (M) 39.8 38.5 35.7 35.7

Figures based on calendar year-end price

Company Financials

Per Share Data ($) Year Ended Jun. 30 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996

Tangible Book Value 6.40 5.09 4.08 4.18 3.54 3.95 3.18 2.30 1.59 1.12

Cash Flow 1.60 1.12 0.86 0.79 0.39 0.77 1.09 0.96 0.79 0.22

Earnings 1.35 0.87 0.61 0.35 -0.02 0.46 0.80 0.60 0.51 0.08

Dividends Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil

Payout Ratio Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil

Prices:High 51.44 39.21 22.49 15.39 14.63 37.00 38.13 19.75 13.88 13.44

Prices:Low 31.07 20.57 10.01 9.16 7.94 7.00 13.31 10.75 7.19 4.69

P/E Ratio:High 38 45 37 45 NM 81 48 33 27 179

P/E Ratio:Low 23 24 16 27 NM 15 17 18 14 63

Income Statement Analysis (Million $)

Revenue 597 487 400 367 325 360 335 280 228 178

Operating Income 89.0 66.7 47.2 34.8 18.3 40.7 58.9 44.8 37.0 25.1

Depreciation 10.1 9.83 8.89 16.0 14.3 11.2 9.85 10.7 9.21 4.76

Interest Expense 1.24 1.00 0.86 0.72 0.97 0.69 2.55 1.76 1.45 1.65

Pretax Income 81.1 57.5 37.2 19.3 0.23 28.6 47.3 33.2 27.6 2.74

Effective Tax Rate 33.0% 41.0% 40.5% 34.0% NM 40.3% 40.8% 38.8% 38.4% 12.7%

Net Income 53.7 33.3 21.8 12.2 -0.70 16.2 27.3 20.1 16.3 2.39

Balance Sheet & Other Financial Data (Million $)

Cash 154 91.5 45.7 66.6 26.5 26.2 22.8 13.6 10.9 15.2

Current Assets 367 255 202 205 158 191 173 143 108 87.9

Total Assets 547 419 370 313 274 279 232 205 164 137

Current Liabilities 177 136 128 121 97.1 97.6 97.8 97.7 79.9 67.2

Long Term Debt 0.25 0.17 0.20 0.28 1.23 4.06 5.69 7.72 7.10 10.2

Common Equity 345 263 221 178 159 164 119 91.7 71.7 56.2

Total Capital 364 281 235 191 176 181 134 103 83.6 69.6

Capital Expenditures 10.2 8.76 5.58 5.22 8.06 13.6 6.20 9.26 8.10 4.82

Cash Flow 63.8 43.1 30.7 28.3 13.6 27.4 37.1 30.7 25.5 7.15

Current Ratio 2.1 1.9 1.6 1.7 1.6 2.0 1.8 1.5 1.3 1.3

% Long Term Debt of Capitalization 0.1 0.1 0.1 0.1 0.7 2.2 4.2 7.5 8.5 14.6

% Net Income of Revenue 9.0 6.8 5.4 3.3 NM 4.5 8.1 7.2 7.2 1.3

% Return on Assets 11.1 8.4 6.4 4.2 NM 6.3 12.5 10.9 10.9 2.1

% Return on Equity 17.6 13.7 10.9 7.3 NM 11.5 25.9 24.5 25.5 4.4

Data as orig reptd.; bef. results of disc opers/spec. items. Per share data adj. for stk. divs.; EPS diluted. E-Estimated. NA-Not Available. NM-Not Meaningful. NR-Not Ranked. UR-Under Review.

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Sub-Industry Outlook Stock Performance

Our investment outlook on the S&P 500 Systems Software sub-industry is positive. We remain bullish on Microsoft (MSFT: strong buy, $24) despite March quarter results and forward guidance that were weaker than we expected, and we are optimistic about prospects for certain areas of the sub-industry in 2006, including Internet security (notwithstanding challenges in the first quarter), and data storage and backup recovery. For the longer term, we expect certain positive trends to remain intact, such as the leveraging of the existing hardware infrastructure. Year to date through May 19, the S&P 500 Systems Software Index decreased 9.5%, compared to a 1.9% increase for the S&P 1500;

the index declined 5.2% in 2005, versus a 3.8%

increase for the S&P 1500.

After a dramatic increase in IT spending in the late 1990s, we expect spending on software to be notably slower than the earlier unsustainable rates.

As a result of excessive IT spending, many software companies experienced sharp declines in revenue growth in 2001 and a drop in 2002, as the global economy slowed. We believe IT spending likely increased in 2005 from those depressed levels in the low to mid-single digits, a growth rate we expect to continue through 2006.

For the longer term, we see the rapidly evolving Internet, intranets and extranets creating strong demand for software applications and systems that take advantage of these platforms. Many software vendors and customers are focusing on Web services, with particular emphasis on the integration of disparate systems and applications.

We see the PC software segment as attractive, despite our view of modest projected PC shipment growth. We see PC software sales accelerating, with low double-digit growth expected for the first

half of 2006, led by Microsoft's Windows products.

The next version of the company's dominant Windows operating system, called Vista, is expected to be released for corporate customers in November 2006 and for consumers in January 2007.

Microsoft has benefited, in our view, from a recent change in its licensing agreement structure, leading to strong results for Office 2003; Office is also scheduled to be updated in November 2006.

We expect spending on security software by both businesses and consumers to demonstrate the strongest growth in 2006. Although we believe the entry of Microsoft into the consumer security market may impact some competitors in the consumer segment, we expect increasing penetration as more consumers opt to protect themselves from growing online threats. Moreover, we expect corporate spending, especially by small and mid-sized businesses, to show substantial growth.

--Gary McDaniel

GICS Sector:Information Technology Sub-Industry:Systems Software Based on S&P 1500 Indexes

Month-end Price Performance as of 05/31/06

2002 2003 2004 2005 2006 120

100

80

60

40

20

0

Sub-Industry Sector S&P 1500

NOTE: All Sector & Sub-Industry information is based on the Global Industry Classification Standard (GICS)

Sub-Industry : Systems Software

Peer Group*: Systems Software - Larger Cos.

Peer Group

Stock Symbol

Stk.Mkt.

Cap.

(Mil. $) Recent

Stock Price

P/E Ratio

12-Mo.

Trailing EPS

30-Day Price Chg(%)

1 Year Price

Chg(%) Beta

Yield (%)

Quality Ranking

Ret. on Equity (%)

Pretax Margin (%)

LTD to Cap (%)

MICROS Systems MCRS 1,636 42.10 28 1.49 1% -9% 0.90 Nil B 17.6 13.6 0.1

BMC Software BMC 4,686 22.02 42 0.53 1% 30% 1.74 Nil C 6.1 6.7 Nil

Borland Software BORL 405 5.20 NM -0.53 0% -26% 2.22 Nil C 3.1 6.6 Nil

CA, Inc. CA 12,573 21.77 59 0.37 -14% -19% 2.44 0.7 B- 0.3 0.3 26.5

Dynamics Research DRCO 126 13.78 12 1.17 -8% -4% 0.19 Nil B 16.9 6.4 17.0

Hummingbird Ltd HUMC 475 27.25 NM 0.16 9% 24% 1.33 Nil B- 2.6 7.5 Nil

Microsoft Corp. MSFT 223,610 21.92 17 1.26 -8% -14% 1.06 1.6 B+ 19.9 41.8 Nil

Novell, Inc. NOVL 2,376 6.10 NM NA -25% -4% 2.17 Nil B- 32.1 38.9 29.9

Radiant Systems RADS 330 10.61 66 0.16 -12% -7% 1.95 Nil B- 7.1 3.8 14.3

Wind River Systems WIND 765 9.01 31 0.29 -21% -42% NA Nil B- 10.5 9.8 Nil

NA-Not Available NM-Not Meaningful NR-Not Rated. *For Peer Groups with more than 15 companies or stocks, selection of issues is based on market capitalization.

Source: S&P.

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S&P Analyst Research Notes and other Company News

April 27, 2006

NEW YORK (Standard & Poor's)--Apr 27, 2006, MICROS Systems Inc., announced 3Q EPS $0.38 vs. $0.35 and 9 mos. EPS $1.04 vs. $0.90.

January 27, 2006

DOWN 3.11 to 52.22... Posts $0.35 vs. $0.30 Q2 EPS (GAAP) on 16% higher sales...

Sees $15.5M-$16.5 Q3 net income (GAAP) on rev. of $169M-$172M; sees

$1.49-$1.50 FY 06 (GAAP) of $665M-$672M.

January 27, 2006

NEW YORK (Standard & Poor's)--Jan 26, 2006, MICROS Systems Inc., announced 2Q EPS $0.35 vs. $0.30 and 6 mos. EPS $0.65 vs. $0.55. Results are adjusted for Jan. '05 2-for-1 stock split.

January 24, 2006

UP 4.03 to 53.37... Says it been selected by Burger King Corp. as approved vendor... Deal authorizes co. to market, sell MICROS RES point-of-sale solution to more than 11,000 Burger King restaurants througout world.

October 28, 2005

NEW YORK (Standard & Poor's)--Oct 27, 2005, MICROS Systems Inc., announced 1Q EPS $0.30 vs. $0.25.

August 31, 2005

Posts $0.45 vs. $0.32 Q4 EPS on 21% revenue rise... Sees $146M-$149M Q1 revenue on $12M-$12.5M net income.

August 30, 2005

NEW YORK (Standard & Poor's)--Aug 30, 2005, MICROS Systems Inc., announced 4Q EPS $0.45 vs. $0.32 and annual EPS $1.35 vs. $0.87. Results are adjusted for Jan. '05 2-for-1 stock split.

May 2, 2005

NEW YORK (Standard & Poor's)--Apr 28, 2005, MICROS Systems Inc., announced 3Q EPS $0.35 vs. $0.19 and 9 mos. EPS $0.90 vs. $0.54. Share earns. are adjusted for Feb. '05 2-for-1 stock split.

April 29, 2005

UP 4.90 to 38.61... Posts $0.35 vs. $0.19 Q3 EPS on 27% revenue rise... Raises guidance for Q4 revenue to $155M-$162M, net income of $14.5M-$16.5M; sees

$0.43 Q4 EPS... Raises FY 05 net income forecast to $50M-$52M.

March 30, 2005

UP 2.84 to 37.12... Announces S&K Famous Brands selects Datavantage Store21 as its point-of-sale, store management application.

January 28, 2005

Posts $0.59 vs. $0.45 Q2 EPS on 21% revenue rise... Raises Q3 revenue guidance to $135M-$140M, net income to $10M-$11M... Sees FY 05 revenue of

$555M-$563M, net income of $45M-$48M.

January 28, 2005

NEW YORK (Standard & Poor's)--Jan 27, 2005, MICROS Systems Inc., announced 2Q EPS $0.59 vs. $0.45 and 6 mos. EPS $1.09 vs. $0.70.

Source: S&P.

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Analysts' Recommendations

Wall Street Average

S WH H BH B

Number of Analysts Following Stock Monthly Average Trend Buy

B

Buy/Hold BH

Hold H

Weak Hold WH

Sell S

No Opinion MCRS Trend

J A S O N D J F M A M J J A S O N D J F M A M J

2004 2005 2006

Stock Price ($)

20 40 60 80 4 8 12

Of the total 8 companies following MCRS, 7 analysts currently publish recommendations.

No. of Ratings % of Total 1 Mo. Prior 3 Mos. Prior

Buy 3 43 4 3

Buy/Hold 3 43 3 2

Hold 1 14 1 4

Weak Hold 0 0 0 0

Sell 0 0 0 0

No Opinion 0 0 1 0

Total 7 100 9 9

Wall Steet Consensus Opinion BUY/HOLD

Companies Offering Coverage Brean Murray Foster Sec, Inc.

CIBC World Markets Ferris Baker Watts First Albany Corporation Garp Research Corporation Kaufman Bros.

One-on-one Research William Blair & Company

Wall Street Consensus Estimates

2005 Actual $1.35

2005 2006

F M A M J J A S O N D J F M A M J

1.25 1.5 1.75 2

Estimates 2005 2006 2007

Fiscal Years Avg Est. High Est. Low Est. # of Est. Est. P/E

2007 2.00 2.12 1.90 8 21.1

2006 1.68 1.70 1.66 8 25.1

2007 vs. 2006 19% 25% 14% 0% -16%

Q4'07 0.63 0.54 0.47 5 66.8

Q4'06 0.51 0.52 0.50 7 82.5

Q4'07 vs. Q4'06 24% 4% -6% -29% -19%

A company's earnings outlook plays a major part in any investment decision. Standard & Poor's organizes the earnings estimates of over 2,300 Wall Street analysts, and provides their consensus of earnings over the next two years. This graph shows the trend in analyst estimates over the past 15 months.

Wall Street Consensus vs. Performance For fiscal year 2006, analysts estimate that MCRS will earn $1.68. For the 3rd quarter of fiscal year 2006, MCRS announced earnings per share of

$0.38, representing 23% of the total annual estimate. For fiscal year 2007, analysts estimate that MCRS's earnings per share will grow by 19%

to $2.00.

Source: S&P,I/B/E/S International, Inc.

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Glossary

Quantitative Evaluations

In contrast to our qualitative STARS recommendations, which are assigned by S&P analysts, the quantitative evaluations described below are derived from proprietary arithmetic models. These computer-driven evaluations may at times contradict an analyst's qualitative assessment of a stock. One primary reason for this is that different measures are used to determine each. For instance, when designating STARS, S&P analysts assess many factors that cannot be reflected in a model, such as risks and opportunities, management changes, recent competitive shifts, patent expiration, litigation risk, etc.

S&P Earnings & Dividend Rank (also known as S&P Quality Rank)

Growth and stability of earnings and dividends are deemed key elements in establishing S&P's earnings and dividend rankings for common stocks, which are designed to capsulize the nature of this record in a single symbol. It should be noted, however, that the process also takes into consideration certain adjustments and modifications deemed desirable in establishing such rankings. The final score for each stock is measured against a scoring matrix determined by analysis of the scores of a large and representative sample of stocks.

The range of scores in the array of this sample has been aligned with the following ladder of rankings:

A+

A A- B+

NR Highest High Above Average Average Not Ranked

B B- C D

Below Average Lower Lowest In Reorganization

S&P Fair Value Rank

Using S&P's exclusive proprietary quantitative model, stocks are ranked in one of five groups, ranging from Group 5, listing the most undervalued stocks, to Group 1, the most overvalued issues. Group 5 stocks are expected to generally outperform all others. A positive (+) or negative (-) Timing Index is placed next to the Fair Value ranking to further aid the selection process.A stock with a (+) added to the Fair Value Rank simply means that this stock has a somewhat better chance to outperform other stocks with the same Fair Value Rank. A stock with a (-) has a somewhat lesser chance to outperform other stocks with the same Fair Value Rank. The Fair Value rankings imply the following:

5-Stock is significantly undervalued 4-Stock is moderately undervalued 3-Stock is fairly valued

2-Stock is modestly overvalued 1-Stock is significantly overvalued

S&P Fair Value Calculation

The price at which a stock should trade at, according to S&P's proprietary quantitative model that incorporates both actual and estimated variables (as opposed to only actual variables in the case of S&P Earnings & Dividend Rankings). Relying heavily on a company's actual return on equity, the S&P Fair Value model places a value on a security based on placing a formula-derived price-to-book multiple on a company's consensus earnings per share estimate.

Insider Activity

Gives an insight as to insider sentiment by showing whether directors, officers and key employees who have proprietary information not available to the general public, are buying or selling the company's stock during the most recent six months.

Volatility

Rates the volatility of the stock's price over the past year.

Technical Evaluation

In researching the past market history of prices and trading volume for each company, S&P's computer models apply special technical methods and formulas to identify and project price trends for the stock.

Relative Strength Rank

Shows, on a scale of 1 to 99, how the stock has performed versus all other companies in S&P's universe on a rolling 13-week basis.

Global Industry Classification Standard (GICS) An industry classification standard, developed by Standard & Poor's in collaboration with Morgan Stanley Capital International (MSCI). GICS is currently comprised of 10 Sectors, 24 Industry Groups, 67 Industries, and 147 Sub-Industries.

Exchange Type

ASE - American Stock Exchange; NNM - Nasdaq National Market; NSC - Nasdaq Smallcap; NYSE - New York Stock Exchange; BB - OTC Bulletin Board; OT - Over-the-Counter; TO - Toronto Stock Exchange.

Source: S&P.