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Wednesday, February 22, 2012 11:07:25 AM
As to first half vs. second half I'm not sure how much seasonality we will see. In 2009 the first half was stronger than the second half. In 2010 the second half revenue was 25% higher than the first half. I think that was more a factor of new business vs. seasonality. In 2011 the second half revenue was much higher than the first half but that was due largely to new business. So, reading seasonality for INX.V is difficult and is often dwarfed by growth.
Mike
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